Successful Affiliate Marketing
Affiliate marketing is the process of earning a commission by promoting people’s products based on performance. It is also a trendy method for a company to sell its products by signing up affiliates to bring visitors, customers, and clients through different market media. Affricate marketing can also be the practice where business owners and brands pay an online retailer, e-commerce site or blog for each visitor or sales that these websites make for their brand.
Most people often misconstrue affiliate marketing with internet marketing. Internet marketing is a process of promoting a brand, products or services over the Internet. Internet marketing is the mother superset of affiliate marketing. Affiliate marketing is the most important branch of internet marketing and yet businesses and entrepreneurs do not pay enough attention to this effective marketing and promotional tool.
Affiliate marketing is again confused with referral marketing, as they look similar, nevertheless there are completely different forms of marketing and the main difference between is the motive behind it. Most affiliate marketers are motivated by money while referrers are motivated by personal relationships with the business making it less effective. While most people focus on other marketing media, affiliate marketing has become an easy to use tool for business to get customers and for entrepreneurs to make money.
Affiliate marketing is as old as the internet with Amazon being the launched the first to launch an official affiliate program 1996 and it still involved in the largest affiliate marketing scale on the internet. Most people often attribute the invention of affiliate marketing to William Tobin the founder of PC Flowers and Gifts. Since its inception and the advent of the e-commerce website, the use of affiliate marketers has grown through the tough and thin and is now a gold mine.Affiliate marketing creates more than 38% of marketing revenue on the internet.Click To Tweet
Amazing facts about affiliate marketing
- Affiliate marketing creates more than 38% of marketing revenue on the internet.
- Affiliate marketing is the second largest sales generation internet-marketing platform after social media.
- Most of the brands utilize affiliate marketing than any other marketing platform.
- Mobile devices account for over half of the affiliate-referred traffic and affiliate sales
- 40% of marketing professionals quote affiliate marketing as the most desired digital skill
- Developed affiliate programs account for generating 15% to 30% of all advertiser’s online sales
- Affiliate marketers generate over $2.3 billion annually in the United States.
- More companies are involved in affiliate marketing in 2017 than ever.
- Affiliate generated over 10% of the total revenue Amazon.com generated in 2015.
- ShareASale affiliate network now has more than 1,000,000 registered affiliate marketers.
- It was mentioned that they have over 2 million affiliates registered on Amazon Affiliate Program
- Commission factor is Australia’s leading affiliate marketing program providers owning over 75% of its affiliate network.
Why you should become an affiliate marketer
- No investment required. Affiliate marketing virtually cost almost nothing to start. You only need a functional low-cost website with the cost coming from website hosting and maintenance.
- Affiliate marketing is not a HYPE program so there is no risk of losing money since there is not an investment. If you lose interest in the job, you can easily switch your website or blog for other purposes that might also fetch you money.
- You are just a third party and all you do is referring potential buyers. You do not need any inventory or warehouse. The limits of product you want to market is only limited by your choice and work rate.
With the right approach towards affiliate marketing, you can get richer by just sitting at home.
- It creates an inseparable bond between you and your high-volume affiliates.
- Affiliate marketing is a very large industry and is a key source of online income for many bloggers and web owners.
Affiliate Marketing Tips and tricks
There are millions of internet entrepreneurs who have made extra by simply referring high converting customers and visitors to a company’s brand or product. Easy as it may seem, affiliate marketing requires patience, persistence, and hard work. Now that you have read and seen the numbers, history and have a basic understanding of what affiliate marketing is this diamond mine, remember never think you can amass wealth on the internet without dedication. Affiliate marketing is a game of dedication since it is certainly a great way to make money online, but note that it is also very competitive.
To succeed in affiliate marketing, you need to know market needs, find out how to promote products, what works and what does not. Are you an affiliate marketer and you are not making enough money or intend to make more money? Here are some tips on affiliate marketing that will make you stand out. These tips are also useful for business to get more customers and know the qualities to find in a perfect affiliate marketer. Follow through:
- Choose a particular niche
Niche and specialty is the most imperative factor that will contribute to your prosperity in affiliate marketing. Focusing on one specific niche will be more productive rather than offering everything. Choosing a niche also involves choosing a high-quality product or brand. When you offer your guests a disgraceful or below average item, you will lose their trust and their business. Choosing a niche also involves building a strong audience by promoting only goods that add value to them.
- Get the right brand
When you advertise a product or service, you are spontaneously promoting the business or brand sponsoring you. You are to choose a brand with notable product credibility and enormous positive reviews from customers who have purchased their product(s) in the past. Branding can make or break you.
- Use different traffic sources to Promote Products
The mistake most affiliate marketers do is that they put the products they want to advertise only on their sites. This is not a terrible approach but did you know you can make get more traffic from other legitimate sources promote the products for free or a token. You should be focused on using other marketing strategies that would bring converting customers to your website. Examples of sites you can use to drive organic and potential traffic are Email marketing, ads partners, social media marketing and other internet marketing platforms. These platforms cost very low compared to what you will make from sending a converting customer to your affiliates.
- Use Email Marketing
Email advertising is yet another approach to draw in huge activity to your blog. Influence your visitors to subscribe to your mailing list and connect with them by means of messages. Try not to compose exhausting messages. Rather, compose applicable substance that the client is anticipating. Additionally, utilize infectious headlines with the goal that your email does not go unnoticed.
- Make Affiliate Links easy to remember
Affiliate links are long, revolting and difficult to recall. Much free online service can enable you to make short and essential URLs. This makes affiliate links easy to share, remember and make them look great. Keep in mind unique and memorable you are more visitors you will get.
- Use Personal Branding
It is smarter to utilize your personal image as another marketing tool as individuals have a tendency to recall the names more often if there is a face associated with it. This would likewise help them to classify your site as a real one and furthermore to manufacture a connection with your affiliate clients.
There is a number of affiliate marketers who are utilizing their genuine name and persona as their brand image. What’s more, it is simpler for them to pick up the trust of their clients. Utilizing your character where there are such a large number of phony profiles, will most likely enable you to emerge from the group.
- Use Links In Text
More clicks mean more deals and clearly more commissions. It is recommended not to use less than one connection in a section of 100 words. You could put more.
- Reviews Should Be Honest
The one this that will build trust for your clients and make them regular visitors to your site or blog is that they get some sort of value by visiting. This value can be in form of reviews that you write about the products. It is very crucial that you write honest and detail review about the products that you are promoting. This means you need to promote only products that you, yourself feel are worthy.
Giving deceiving reviews to promote products would not be a brilliant idea if you want to grow. The clients will not return once they understood they have been deceived. So simply be straightforward with your visitors when they are putting their trust in you.
MISTAKES AFFILIATE MARKETERS MAKE
Now that you are an affiliate marketer it is believed that you would have amassed all necessary information and knowledge about affiliate marketing. You might be making more but here are salient mistakes most affiliate marketers make:
- No Email List
An email list is a special use of electronic mails for widespread distribution of information to many Internet users. It is an essential key that most affiliate marketers ignore. By creating an active email list, you create more opportunity to advertise and generate more converting customers to your website or blog. Having an email list keeps you ahead in the game and puts you in total control. Build a healthy email list today to increase your affiliate marketing revenue.
- Lack of patience
Yes, John makes over $500 daily from affiliate marketing! I want to become one! You register as an affiliate marketer with a company, after several months of work, you do not even have up to the $500 John makes daily, and you give up. Affiliate marketing requires persistence and perseverance. Do not give up today.
- Get rich quick mentality
Do you really think there is a way to make money without actually working? Please disregard any myth of you can make over a $1000 without working. Once you come on board remove every thought of getting rich and focus on helping people solve their problems and the money will flow in. Once you create value and give sound guides to people, you do not only help them buy a product, you also create a trust, bond, and synergy with the customer. This bond gets them coming back for more recommendations.
Most affiliate marketers hope from one niche to another. This is terrible! It is advisable to make the proper research about a particular niche or brand before venturing into marketing it. For instance, after creating a list 500 people who buy baby clothes and you then switch to another niche offering sales of a car, you practically lose all existing visitors. If the need for a change arises, ensure you change to a closely related niche.
- Neglecting Content and Targeted traffic
The content of your blog is often more important than the design or UI. You should be more concerned about targeted traffic and rock-solid content that would move up the rank in search engines. There is no point in having the best interface, gathering expert developers and having the best server, if you do not have quality content that attracts converting customers.
- Promoting Too Many Services or Products
As an affiliate marketer, you cannot be progressive by advertising too many affiliate services or products at the same time. It is recommended to products with the confidence that they will earn a huge share of commission after these products are sold. However, converting customers that are interested in using products only. You should not promote too many products, as you might end up not giving adequate attention to the products.
- Little investment in necessary tools
The old saying that no pain without gain very much holds in affiliate marketing. In as much as this is a zero investment business, you still need to invest a little more on the right tools that will keep you ahead. These tools include having a good web host, memorable domain name, fast web page, SEO tools, and Popups. If you are working on a budget, using free tools is often not a bad idea but it will not bring your desired results at the time you want them. There are many free web builders that would work, but it pays to invest!
- Not keeping watch on your competitors
As earlier stated affiliate marketing is a business and there are competitors ahead and below. Most affiliate marketers think the business is a one-man show but no! There are competitors who you can learn from, grab their models and modify them. Check out How to Spy on the Competition.
- Improper Keyword Research
Just because you should not rely solely on search engine traffic to build your business does not mean that you should ignore it, either. When you are ready to publish a new piece of content, not spending the extra little bit of time required to do proper keyword research means that you are making an active decision to cost yourself money. Finding a few keywords that your product could improve your location in the search engine index, and sets you up to pull in search engine traffic that is highly targeted to what you’ve written — and the products that you’re promoting inside of the post.
- Joining Too Many Programs
The thoughts the more the affiliate programs to be engaged in the more money you make. Most times this is not true! You are advised to invest in at most two genuine and paying affiliate programs that suit the particular affiliate marketing objectives.
- Not Tracking
One of the biggest steps while performing affiliate marketing is to create a unique tracking affiliate link on each page during the process. For example, if your merchant site is Amazon, follow the simple process on the website to create a unique tracking affiliate link. This will help you understand which pages are converting to the growth and sales of the products.
- Not learning from mistakes
Your mistakes are as important as your success! Always remember that. You are to learn from every mistake you have made so and improve on your success.
- Neglecting help
Neglecting help from professionals can be of great help. Many affiliate markets and bloggers often neglect this aspect. They believe they can work solely. You are to get help from professionals and those ahead in the game.