What is affiliate marketing?
In simple sense it’s earning commission for recommending a product or service. Now this can be for anything imaginable these days and when I say that I’m not exaggerating!
Almost every product or service online has an affiliate program attached to it. From holiday companies, to baby clothes to small business internet marketing products selling software.
Yes, affiliate marketing is a huge huge business and fortunately for you, one of the easiest to get into.
The idea behind affiliate marketing is that you promote products, through an affiliate network, earning a commission if your audience buys thanks to your marketing efforts via your affiliate link.
The end result is you earn a commission based on a percentage set by the vendor. This percentage solely depends on the amount set by the vendor and can range from 1% to 100%
The ultimate goal is to make money while you sleep and buy time.
Types of Online affiliate marketing and what is right for you?
There are 3 main channels for affiliate marketing and the affiliate (you) will try to market to the consumer on whatever channel works for them. This could be 1 main channel or all 3 channels. These 3 channels can be broken down into subcategories of channels, so realistically there isn’t exactly 3 channels, but subsets of channels.
So what are the 3 main channels of affiliate marketing?
1. Websites, blogs and dedicated marketing sites for individual or niche products
2. Social Media sites such as Facebook and Instagram and Youtube. (Some of the biggest affiliate revenue is made here).
3. Search engine ads
So now we have established the channels, let’s break this down into subcategories:
1. Websites, blogs and dedicated marketing sites for individual or niche products
a. Websites and blogs allow for email address collection. This brings direct email marketing via affiliate links into play.
2. Social Media sites such as Facebook, Instagram and YouTube. (Some of the biggest affiliate revenue is made here).
a. If you work social media only (social media influencers spring to mind) 1 video can be repurposed across multiple platforms. Remember, 1 piece of review content can be split between all social media sites.
3. Search engine ads
a. Search engines ads can link back to websites and squeeze pages where you can again build your mailing list and incorporate email marketing offers.
Setup Your Affiliate Marketing Business
Take a look at these services below:
● Fiverr
● Any Task
● Freelancer
● Facebook Ads
● Blue Host (start your own blog)
● Youtube
● Wordpress blog (free blog services)
● Optimize press (landing pages and squeeze pages )