INTERNET BUSINESS GOLDMINE #2: AFFILIATE MARKETING

AFFILIATE MARKETING

Affiliate marketing is one of the most lucrative models on the Internet. Major companies have been creating awareness about this online money making goldmine with their heavy online and offline adverts. Savvy Africans are already picking up on this to make a huge windfall while others are still napping.

What is Affiliate Marketing and How to start with it? Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s own marketing efforts. As an affiliate, you can promote other people’s product and get commissions for your efforts without seeing a single customer or talking to anyone.

My own simple definition is this: “Affiliate Marketing is promoting other people’s (Company’s) product and earning a commission in return (If a sale is made).” It works the same as in the offline world, however the profit and scope is much bigger over the Internet (Not to mention that people had exploited this too much though).

So basically what you do as an affiliate is: You promote other people’s (or Company’s) Product using a special link with a code only being used by you embedded into it (this is required by advertiser to track the leads referred by you).

If someone buys that product (or in some cases completes a task like signing up or completing a survey) using your link, it gets tracked by the advertiser and you are rewarded a commission (which is a percentage of the sale price but can also be a fixed amount as set by the advertiser).

This way both the advertiser, and the publisher, benefit. Advertisers get more sales of their product when many publishers (or affiliates) promote their product and Affiliates in turn generate revenue by promoting the product. Moreover Advertiser pays only when a sale is made so there is no risk of getting non converting visits like in some PPC campaigns.

This is the reason why most of the product creators and Advertisers provide an affiliate program for increasing their product sales.

Strengths: You don’t even need a domain name or a website in some cases. You can earn huge commissions from up to 50% to even 100% commissions! You don’t

need to focus on creating products – just drive traffic to the merchant site and watch your income roll in (if you do it right of course).

Weaknesses: You will need to search for a good affiliate program and build up traffic in order to see results.

Opportunities: There are unlimited opportunities because there are always new products coming out each day and affiliates are needed everywhere!

Threats: You are competing against THOUSANDS of affiliates out there and those affiliates are your competitors. Some programs even offer two-tier programs and established affiliates probably have dozens of affiliates under them as well.

How To Get Started With Affiliate Marketing There are a few things to keep in mind before choosing to get into this business. Firstly, you must find the right Affiliate Product to Promote and secondly you must have an audience that will be interested in that product.

Finding the Right Affiliate Product

This is the most Important Step (literally). If you get wrong here, you will definitely fail in this business. You will have to choose a product which will help your audience. If you have a Weight Loss Blog, then promoting a forex product will be completely useless as it will not get you any sales. Moreover, If you promote a low quality product (let’s say, on your blog), you could be hurting your brand as well.

Remember, to get the best results, always promote a product that you have tried yourself or you must be confident enough of the quality of it.

Some of the tips that will help you find a related Affiliate Products:

Browse Affiliate Networks – The easiest way to get started with promoting products is to search though Affiliate Networks. An Affiliate Network act as an intermediary between publishers (affiliates) and merchant’s affiliate programs. There are a few affiliate networks that list many affiliate programs. You can use their search option to get related products to your blog’s niche. Some of the most famous Affiliate networks are: ClickBank (This is my favorite and also, the first affiliate commission that I earned was by promoting a ClickBank product), Commission Junction (aka CJ), ShareaSale etc.

Search Google – Other way to find relevant affiliate product that you can promote is by doing a simple Google search. Just type: “your keyword + Affiliate Program” (Replace “your Keyword” with your niche like “Weight Loss Affiliate Programs”) and you will easily find the appropriate product.

Checkout Online Stores – Almost all of the famous online stores (like Amazon, EBay) have affiliate programs. You can just sign up for that and then promote any of the stuff that is listed there. Generally the commissions are not big here but as these online stores have a huge range of products; it is not that difficult to get referral sales through them.

Check Your Competition – If you can’t find the products by above methods, you can simply have a look at what your competitors (sites in your niche) are promoting and you can start promoting those products.

Now, these are some of the ways by which you can select a product to promote.

You can make serious money promoting products as an affiliate in many way including: using your Blog; Social Networks; Writing and Submitting Articles: Creating Videos; Creating Web 2.0 Properties; Joining Online Forums: Building an Email List; and Creating Niche Sites

TIP FOR THE SERIOUS DIGGER: For in-depth professional Knowledge and Training on how to become Certified to mine this internet income goldmine, visit American Internet Business School at www.ibsamerica.org . Click here to register for an ONLINE OR OFFLINE course for Certificate course In Affiliate Marketing.

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