Every business owner online wishes to reach a stage where they don’t have to work hard to get those dollar bills. The business itself fetches you enough returns that are more than sufficient. It is usually called passive income, wherein the person doesn’t have to put much effort into gaining money.
Affiliate marketing is one of the popular means of income generation online. Its growth is tremendous. The overall business of affiliate marketing was 5.4 billion dollars in 2017. And is expected to increase to $8.2 billion by the end of 2022! These numbers give you enough glimpse about the numerous opportunities one can tap in!
Before indulging any further, let us understand what affiliate marketing means.
Affiliate marketing is a performance-based marketing tactic wherein the retailer (the company) offers commission to the websites that fetch sales through their promotional activity.
In simple terms, for every discount code you offer to your audience, you get a commission in return, given they use the offer to purchase the company’s product.
But, how do I start affiliate marketing, you ask? Here are the simple steps that can help you,
As easy as it sounds, affiliate marketing is no fun and games. And yet, it is interesting to drive you to work every day with high enthusiasm! You need to begin with understanding what your niche is and choose a platform that resonates best with your decision.
Do you want to be a blogger, a vlogger or a social media influencer? All of these have different media platforms that cater to the audience accordingly. While you select where to feed your content, you also need to know what to write. So take a pen & paper (or a notepad on the computer) and figure out what you’re best at – beauty, science, lifestyle etc.
Build the audience
Gathering an audience on the given platform is one of a kind task. You need to know the trends and work the content around them. Predict the future trend analysis and bank a few ideas. All while maintaining a good relationship with the audience through posts and hashtags.
However, building the audience is another level of the game altogether. One must actively interact with the existing audience and also put efforts to grab the new ones. An efficient way to do so is email marketing. It allows you to connect with hundreds of people personally at the same time. And finding those contacts is easy with GetEmail.io. This freemium website lets you find email addresses within just a matter of seconds.
Fun fact! This website also comes with a chrome extension to your Linkedin account. So, finding the email address of the profiles is not less than a cakewalk!
The right one
We’re all so particular when it comes to choosing a life partner or a best friend. Everyone definitely has some parameters that they refer to before letting those walls down for the other person. Then why shouldn’t we follow the same when it comes to brands and products?
To excel at affiliate marketing, choose the company that supports you in fostering a healthy relationship for a long time – be it with them or the audience. When you’re listening to your audience, then you’d know what they want to hear. Active listening makes it easy for an affiliate marketer to choose the brands and products. Ensure you give them nothing but quality.
Apart from the other points mentioned above, be cautious about tracking and optimizing the content. The retailer does keep a count of the number of clicks and sales made from your unique affiliate link. However, tracking on your own educates you in understanding strengths and weaknesses.