Some of the major reasons why internet marketers are embracing affiliate marketing every day is because of the potential affiliate marketing has of being able to make you millions of Naira without you creating a product, writing content or creating a sales pages etc.
The goal of this article is to point out to you what those 10 percent are doing so that you can join the league.
What is Affiliate Marketing?
Affiliate marketing is the process of searching for valuable products, creating a relationship with the seller/vendor and spreading the gospel about the product to the world in return for commission.
Put in a simpler term, “Mr. A” sells eBooks, you recommend the eBooks to “Mr. B” and “Mr. A” pays you commission for helping him to make a sale.
1. Promote Products you have tested
It is always easier to promote a product that you have tested and trusted. You will be more passionate with your promotions because you genuinely trust what you are promoting. Promoting what you have not tested makes your subscribers loose trust in you. Once that trust is gone, you will be sent crumbling as your subscribers will no longer buy anything you promote.
Most world class affiliate marketers’ makes about 2 different sales to each of their subscribers annually. It takes a lot of trust to get them to buy again and again.
2. Create A List
In affiliate marketing, a list is extremely important. Most people limit the concept of a list to email list. A list in this concept is a bunch of subscribers that you can always get across to.
They can be your YouTube subscribers, facebook fans, twitter followers, email subscribers etc. this are all set of people that can easily get your publications. Ensure that you build a list.
3. Provide Value:
Once you have gotten your list, you must provide value to the subscribers. It is like a goldmine where you go to get value from time to time. Remember that before gold can come out of the mine, a lot of value must have gone into the mine.
Time have been spent on research, monetary value went into the mine in form of resources and mining tools. So also is it with your subscribers’ list. You must spend time and energy to create it, give value to the subscribers and then get value in return. Remember the old popular saying that says “value begets value.”
4. Keep Learning:
In the field of technology, lag time is about a period of 18months. A lag time is a period between the inception of an idea and the time of its adoption. E.g., today, apple Inc. thought that IPhones should now have batteries that are made from water, it will take about 18 months to get that product to the market. The time between the conceiving of the idea and the time it was put to general usage is lag time.
In the field of affiliate marketing the lag time might just be a period of a month, I say so because on daily basis you will keep seeing newer strategies. This simple means that, in order to remain relevant, you must keep on learning and updating your strategies continuously.
5. Be Specific:
Most new affiliates go into affiliate marketing without being specific of the Niche they want to go into. A new affiliate marketer might choose wealth as a niche, wealth is too broad to be your Niche bro. Wealth entails: real estate, forex trading, freelancing, internet marketing, ecommerce, affiliate marketing etc. the outcome is that this will bring more traffic that will leave instantly their by increasing the bounce rate of your website.
A person might visit your website with a hope to find information about affiliate marketing only to find out that it’s about forex trading. You must be specific to be able to drive in highly targeted traffic.
6. Consistently Expand your Reach
Remember that, the larger your quality list, the better it is. Whatever platform you are using, you must continuously expand your subscribers’ base, add value to the current subscribers and expand to new platforms that you do not currently use.
I mean if you only use facebook currently, you can expand to twitter, Google plus, instagram etc.
Affiliate marketing is very profitable; lately, more and more Nigerians are seeing the gold that lies in affiliate marketing. But the truth remains that, in other for you to succeed in affiliate marketing, you must learn a strategy that is already working for an expert and adapt that strategy.