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 students and youngsters. Simply stating, it is spreading the product link among different stakeholders where each of them earn a revenue.
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:
Understanding the targeted segment and selecting products
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.
Promoting right products to the right segment
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.
Select an appropriate affiliate program
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 on EarnKaro, which is a deal-sharing platform. Visit the website to explore a multitude of opportunities in affiliate marketing. EarnKaro gives you a chance to earn real cash by sharing deals of various big online sites like Flipkart, Myntra, Ajio and many more with your family and friends. Once they shop from your link, you earn a profit. You can also take the benefits of EarnKaro referral program by referring your friends and earning 10% of each of their confirmed earning.
Build your audience: This is a must to succeed in affiliate marketing. A higher audience base would entail higher possibilities to earn more commission.
Once you establish your network, search and promote new products and follow the same steps.
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. You can earn up to Rs. 30,000 per month via EarnKaro through Affiliate Marketing.
To check profit rates on EarnKaro, we request you to go to ‘See Partners and Profit Rates’ on your EarnKaro profile.
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, a few challenges 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 jeopardize 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.
Do I Have To Pay Anything To Sign Up For An Affiliate Program?
Thankfully, the most luring part about Affiliate Marketing is that you do not 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 a 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 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.
How To Become an Affiliate With EarnKaro?
You can register yourself on EarnKaro by following these steps:
- Go to EarnKaro.com
- Click on the Sign Up option
- Enter your name, Email ID, number and choose a password for yourself.
- Click on “Get OTP”
- Enter the OTP received, and you are registered with EarnKaro now!
You can now start sharing product links or EarnKaro curated deals with your friends and family through any social channel like WhatsApp, Facebook etc. When they make a purchase through your link, you’ll earn a profit. This profit remains safe in your EarnKaro account and when your confirmed earnings are above Rs. 10, you can request for a bank transfer.