Table of Contents
- 1 What Is Affiliate Marketing?
- 2 How Much Money Can You Make Through Affiliate Marketing?
- 3 What Are The Advantages Of Affiliate Marketing?
- 4 What Are The Disadvantages Of Affiliate Marketing?
- 5 How To Start Affiliate Marketing In Simple Steps?
- 6 Step 1: Select A Product
- 7 Step 2: Build Your Website
- 8 Step 3:Find An Affiliate Program
- 9 Step 4: Create An Audience Base
- 10 Step 5: Expand Your Niche
- 11 Do I Have To Pay Anything To Sign Up For An Affiliate Program?
- 12 Do I Need A Website To Get Started As An Affiliate?
- 13 How Can I Prosper in Affiliate Marketing?
What Is Affiliate Marketing?
Affiliate Marketing is one of the quickest ways to earn a passive income. It is a revenue sharing model that enables you to earn by sharing product links. It has emerged as an easy way to make money and is especially popular amongst people who are new to the digital marketing domain. Simply stated, it is all about spreading the product link among different stakeholders where each of them earns a revenue. So, how to start affiliate marketing?
How Much Money Can You Make Through Affiliate Marketing?
There is no bar to the quantum of money that can be generated through Affiliate Marketing. However, an affiliate program usually pays a commission between 5% to 20% of the sale value.
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What Are The Advantages Of Affiliate Marketing?
It is extremely useful to earn extra income for a wide variety of stakeholders. Some of the advantages of Affiliate Marketing are enumerated below:
a. Free of cost: You don’t have to pay any cost to sign up for an affiliate program.
b. Limitless income: You can earn any quantum of income by spreading links in your network or public domains.
c. Flexibility: You can work at any time of the day and from any place.
What Are The Disadvantages Of Affiliate Marketing?
Although Affiliate Marketing is pre-dominantly favourable, few challenges that may bother an influencer are explained below:
a. Traffic Generation: If you don’t have the traffic, your link would be limited to a small audience.
b. Credible Affiliate: A bad affiliate can jeopardise your image which can have severe repercussions.
c. Selection of the product: You really want to select the right product to sell. A faulty product will have a negative impact on your accountability.
How To Start Affiliate Marketing In Simple Steps?
Getting started with Affiliate Marketing is not as difficult as it may seem. Following are the simple steps that can help you flourish in Affiliate Marketing:
Step 1: Select A Product
Select the product you wish to promote. Understand your niche and design the promotion strategy of the product accordingly. You should refrain from promoting products that may have adverse opinions or tainted reviews.
Step 2: Build Your Website
Build an informative website: Before broadcasting the link, you must load your website with useful information about the product. Use luring images and thumbnails to attract higher traffic.
It is advisable but not compulsory to have a website. Alternately, you can promote the product on your social network, if you have a large followers count.
Did you know you can also earn by creating a website? Find out here.
Step 3:Find An Affiliate Program
An affiliate program acts as a platform for between the publisher (affiliate) and the merchant.
Research for an affiliate program: This is particularly important as you must exercise caution in selecting the right program. Some merchants default in making payments.
You can find numerous opportunities at CashKaro, which is a leading E-commerce company. Visit the website to explore a multitude of opportunities in affiliate marketing. You can also mail your profile to email@example.com for getting filtered from the HR’s end.
Step 4: Create An Audience Base
Build your audience: This is a must to succeed in affiliate marketing. A higher audience base would entail higher possibilities to earn more commission.
Pro Tips to build audience
b. Use long tail keywords
c. Do guest blogging
d. Make use of Email and WhatsApp marketing
Step 5: Expand Your Niche
Once you establish your network, search and promote new products and follow the same steps.
Do I Have To Pay Anything To Sign Up For An Affiliate Program?
Thankfully, the most luring part about Affiliate Marketing is that you don’t have to pay any sign-up charges/ fees. That said, you can join any affiliate program for Free. This lets you earn money even when you are away from work.
Do I Need A Website To Get Started As An Affiliate?
It is advisable but not mandatory to own website. You can still join an affiliate program if you can promulgate the product link through social media. The underlying principle, however, is to have a maximum audience reach.
How Can I Prosper in Affiliate Marketing?
a. Choose the Best Product: Search the product that has a high demand. This way multiplies your chances of attracting more traffic.
b. Use Social Media: Using platforms like Facebook, Twitter, Instagram etc., are helpful to expand your reach. You should not depend solely on your website.
c. Be Transparent About Your Affiliates: Do not be afraid to disclose your affiliations. It is always welcomed by the audience and engrosses trust in your credibility.
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