What is Affiliate Marketing and Top 10 Platforms to Start Affiliate Marketing

Top 10 Platforms For Affiliate Marketing

 

According to Statista, business spending on affiliate marketing will hit $8.2 billion in the U.S by 2022 worldwide. Affiliate marketing, while often referred to as a “channel,” is really a model or framework that makes it possible for brands to partner with individuals or companies (referred to as “affiliates,” “partners,” and “publishers”) to track and measure their performance and do so in an efficient, scalable, and cost-effective way.

 

4 Reasons why you want to start Affiliate Marketing

1. Work from anywhere in the world
2. Starting an affiliate marketing business is cheap
3. No need to create a product or service – you're an affiliate
4. Yes, you can make that business generate “real” passive income
5. Affiliate marketing is flexible

 

These are the seven simple steps to start your work

1. Decide on a platform
2. Choose your niche
3. Find affiliate programs to join
4. Create great content
5. Drive traffic to your affiliate site
6. Get clicks on your affiliate links
7. Convert clicks to sales

 

Invite to join Affiliate Network

Recruiting Affiliates is quite complicated, but it’s a quick way to expand your Affiliate network, and it impacts strongly on your Affiliate program. Don’t be put yourself in a passive situation; let make an effort to contact and invite people to join your network. At the same time, you can also encourage the existing Affiliate members to recruit more sub-Affiliates for theirs. It is possible to point out the major benefits of joining with you as reward commissions per order, buying any product at your store with the best price, etc.

 

Make bonus policy clear.

Generate an individual award for Affiliate is the foundation of your Affiliate program. However, the approach needs to be clear, straightforward, and easy to follow with the necessary information like what to do, how it works, and how much money is awarded. The following image is Amazon’s example showing how to make money when advertising Amazon products.

 

Promote Affiliate program

In my opinion, one of the useful ways to help you attract as many Affiliates as possible is increasing the reach of your Affiliate program, and this means you need to promote your own program. I offer you some suggestions: you capably advertise the program on social channels and put a popup banner introducing the Affiliate program whenever there is a new registration. But don’t forget to take advantage of your available Affiliate channel from the existing Affiliates to promote. The more people are aware of it, the more new Affiliate members join your Affiliate network.

 

These are the types of Affiliate Marketing

Unattached Affiliate Marketing

These are your basic pay-per-click affiliate marketing campaigns where you have no presence and no authority in the niche of the product you're promoting. There's no connection between you and the end consumer, and all you are doing is putting an affiliate link in front of someone via Google Adwords, Facebook ads, etc., in the hopes that they'll click on your link, buy the product, and you will earn a commission.

 

The main reason these types of affiliate marketing are so attractive to many people is that no presence or authority is needed! It takes time to build up a reputation and trust with certain groups of people online, and many people are just too scared to commit to working on a blog or website or just don't have the time. For many, this is their only option.

 

Related Affiliate Marketing

Another form of affiliate marketing is what I like to call Related Affiliate Marketing. This is where you have some sort of presence online, whether, through a blog, a podcast, videos, or on social media, and you have affiliate links to products related to your niche. Still, they are for products you don't actually use.

 

Back when the text link ads were a big deal, I remember seeing every single “make money online” website with a 125 x 125-pixel advertisement for Text Link Ads, which was an older advertising model where you could have advertisers pay for having specific terms on your website become links to their products. This was big in the blogosphere when I was just starting. Most of these sites did not actually use these text link ads services on their own sites. On many personal finance blogs, you will see many different affiliate advertisements for things like ING, Everbank, LendingClub, and numerous other financial institutions.

 

Involved Affiliate Marketing

Involved affiliate marketing is where you've used a product or service, truly believe in it, and personally recommend it to your audience. Not in banner ads or somewhere that says “recommended resources,” but within your content, as part of your life and strategy for whatever it is you're talking about. The product almost becomes something people “have to have” because it's part of making money.

However, a level of responsibility you have to uphold while making these kinds of recommendations, especially if you have a lot of authority and influence over your followers, and at the same time, you must be honest. This is something many peoples take very seriously in marketing. If it were up to the people, this is the only way affiliate marketing would be done because too many peoples, it's the most honest and most helpful.

 

Best Affiliate Marketing Platforms To Make You More Money