Affiliate Marketing is $8 billion Market and have worldwide business potential. It is the process of promoting products and generate a sale via your exclusive affiliate link. You only receive your affiliate commission after you successfully generate a sale. Every year millions of dollar product sold through affiliate marketing.
Whenever you promote or market any product and once it sold, the company or affiliate program pays you a commission. It is commission based business model and works well for Startups, SaaS, E-commerce industry and digital goods. One of the biggest misconceptions about affiliate marketing is that it’s too much work to get started. But it’s actually much easier to build a successful online business than you might think.
So let’s say you get a 30% commission on a $100 product, that means after a confirmed sale, you’d earn $30.
Do you want to start your journey as an affiliate marketer ?
Affiliate marketing is much recognized side hustle & business model.
If you are new, don’t know, how to start as a beginner in affiliate marketing ? We have build a complete professional step by step guide.
Starting as a beginner with Affiliate Marketing
Affiliate marketing is easy for starting as an online business. A good marketing strategy, authenticity and reliability is more important for success in affiliate marketing industry. Some peoples thinks that affiliate means just a link or a commission based marketing business. Before starting, you should know that in Affiliate marketing world, thousands of affiliate products are available for promotion.
The affiliate marketing, Involves these below steps :
- We Need to build Audience
- Planning out Content Strategy
- Select the Affiliate Product/Services
- Choose the Marketing channel
- Analyze the Conversion Rate
- Keep Improving Strategy & repeat the process
Why you should start affiliate marketing business
Affiliate marketing is low cost business and have no upfront investment. Anyone can start it easily without any special technical skills. You don’t need to create own products.
I am discussing about what are the channels of starting affiliate business.
Start Affiliate Marketing with blog
A blog is best platform of starting with affiliate marketing. If you haven’t a blog, you can build a professional blog with wordpress in some minutes. A professional blog is essential for building online presence, personal branding and digital growth of business. It starts with selection your content niche, monetization with affiliate programs, building an engaged audience and keep promoting your blog. Blogging is based on niche & content marketing strategy where we create contents about products/services’s pros and cons, reviews them and encourage others to buy from affiliate links and giving value from contents. The rate of sales conversion is higher in blogging as compared to marketing strategies on different channels. You need to try with blog, if you have just started.
Using Social Media Channels
Social media plays a strategical role in relationship building with audience around your niche. Before promoting affiliate products, we need to build engaged audience and our content strategy. Mostly social media represents visual contents in the form of images or videos. We can easily promote an offer or discounted affiliate product to our audience. Social media channels like facebook, twitter, instagram & pinterest are best for affiliate marketers.
Using Emails For Affiliate Marketing
Email marketing is serious way of promoting affiliate products to your customers on regular basis, it doesn’t matter how large your email list. The rate of sales conversion is much higher. Write affiliate emails and send them consistently to your subscribers and give them value from these products or services. The ROI in email marketing is much higher than social media marketing. Professional marketers are using emails for building, engaging their audience & growing their businesses.
Using Digital Ads For Marketing
Digital advertisements plays a big role in any kind of digital sales. If you have a budget for promoting affiliate products, you should try using ads for your marketing strategy. Always know your ROI before spending amount on a digital ads campaign. Social media ads like Facebook, Instagram, Quora ads have good potential for your affiliate marketing. Mostly targeted audience have been founded with Facebook ads. Always changing your ads strategy, audience location & customer persona for scaling your sales.
Affiliate marketing is huge industry, you cannot determine success in just working for some month, you need to work accordingly with a strong action plan & working with strong profitable niche.
Do you like affiliate business and what kind of strategy you have applied in growing your business? Let’s me know in the comments.