First, let’s understand what affiliate marketing is. Simply put, a Company or brand gives a commission to the seller who sells their product. Sounds pretty easy right but there are various factors involved which we will discuss further in this blog.
Affiliate Marketing is beneficial for both the company or brand and also individual seller. Let’s talk about how both of them benefit.
Company or Brand – If a company or brand runs any advertisement on TV or newspaper, they have to money even though they are generating sales or not but in the case of affiliates they only need to pay commission when they get sales.
Affiliate – Affiliates get high benefits as they don’t have to store any product, they promote on their own channels and there are multiple categories which they can promote and generate higher commission based on the product sold.
Now that you have understood what is Affiliate marketing and benefits of Affiliate marketing let’s discuss about from where you can get products to promote.
To be an affiliate marketer you need to first get the product that you can promote but from where, how, and what’s the procedure of it. There are various Affiliate platforms available in the market from where you can get product links and promote. Some of the very famous affiliate platforms in the market are as follows:-
1) Clickbank
2) Digistore24
3) JVZoo
4) Warrior+
5) App Sumo
6) Guru Media
7) Amazon Associate
8) Offervault
9) Max Web
10) Max Bounty and many more..
Above mentioned Affiliate platforms have a wide range of products and there are some individuals who allow affiliates to promote their courses or other products and services like Russel Brunson, Jonathon Montoya, etc.
Now let’s understand what’s the procedure for getting the product link. Whenever you want to promote products from any of these platforms then you have to first register with them and provide personal details along with the method by which you will promote this product. Once you complete registration then you will be able to see products and you can select the product of your choice and submit your product or link request. This request proves that you are someone who can generate sales for the product and is a genuine person to share a link. If your request is approved then you will get a product link that you can promote. With the product link, you will also get a detailed overview of product features and other advertisement materials.
After this comes the question of how to promote this product and generate sales. Let’s discuss this in brief.
You have come across many blogs or YouTube videos and clicking upon which will direct you to Amazon or other affiliate marketplaces. This is a clear example that these are affiliate links and if you buy those products publisher of the blog video will get a commission. But if we talk about channels through which we can promote these links then there are some prominent ways to do so such as:-
1) Blog
2) YouTube Video Description
3) Instagram Bio
4) Sharing links in Messenger
You will have an extra edge if you already have a good audience around all these networks but if you are someone who is just starting new then you have to put extra effort and build authority so people trust your articles and feel free to go with a product you promote.
Now here you have to keep something in mind. Various platforms like Meta and Google have their policy and you can’t promote which comes in a suspicious or harmful category or they will ban you. You can’t share links in a story or timeline and ask people to purchase because that goes against Meta policy which you have to keep in mind while doing Affiliate Marketing.
While choosing any product you have to consider some things or if you go without research then it will be hard for you to get sales. Some metrics to consider are ACS means Average Commission per sale, Market Trend, and return rate. This is to make sure that the product you are promoting is of good quality and people are not returning also if you getting sales then you are getting a decent commission which justifies your efforts and most importantly product you select has actual demand in the market and people are ready to pay for it.
Now the product you choose has different prices which defines the efforts that you are dealing with and which ticket size. There are three ticket sizes in the affiliate market.
Low Ticket – Up to $99
Medium Ticket – $100 – $499
High Ticket – $500 – $999
Now these are just estimates and can vary because many people sell high-ticket products for up to $8000 which is huge so it depends on the affiliate platforms you choose.
While promoting Affiliate products you have to conduct ethical practices. You can’t literally pick any product and start promoting it. Especially two things you have to be cautious about are:
1) Provide Genuine Product Information – First, you have to research well before promoting any product and even once you get approval for promotion you get detailed information about product which gives you a fair idea about the product and the benefits or values it will provide. So you have to be transparent with all these details and if you fail to do so it will result in return orders.
2) Banned From Market Places – While selecting a product one thing you have to check is the return order. If you get more orders this will result in a bad image for you as an affiliate but it will also impact the product efficacy rate and hence in this case product owner will ban you from promoting their product.
Affiliate Marketing is something that is always going to be there and can be improved more efficiently with the use of AI. Even big bloggers and successful YouTubers are doing affiliate marketing which shows the ever-growing nature of the market. In 2024, if you wish to start affiliate marketing then you will be welcomed on the red carpet but you have to be ready to put in extra effort and carry some time with you. It will take some time to create community, regular traffic, and authority which will help you generate sales. The market is saturated and you will have to compete with well-established players but it is not impossible so you can generate good money but believe me it’s not a quick rich scheme.
If you come up with the mind to be an overnight millionaire and then when you start practically and if you don’t get results initially then you will feel demotivated and might quit. So better prepare yourself to be in the market for a long time and enter a proper mindset which in turn will give you the confidence to achieve great deals.
I hope this blog helped you in learning about Affiliate marketing. I Will share more details about Affiliate Marketing in the next blog so stay connected.
Thanks for reading.
Cheers!
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