There are lots of ways to make money online. However, affiliate marketing stands out. The reasons include but are not limited to the fact that it is less crowded and less strenuous compared to other online money-making models. In fact, some people call it a lazy way to earn. But who cares when money enters the account?
If you have read previous articles, you should have an idea of what affiliate marketing is about. This article will build on the previous knowledge. For the sake of simplicity, this article is divided into 4 parts.
The first part will outline top paying affiliate marketing programs in Nigeria, the second part will treat foreign based affiliate marketing programs (which are the “real deal”), the third will highlight tips for beginners and the fourth will show you how to get started.
Without further ado, let’s get into it.
A. Affiliate Marketing programs in Nigeria
Going by the fact that it the foremost online store in Nigeria in terms of revenue and monthly visits by buyers, it comes as no surprise that Jumia sits at the top of the list. Interestingly, Jumia runs an affiliate program that pays you up to 13% commission on any sale generated through your effort. You can promote from their wide array of goods and products available on their website. You will receive payment every end of the month straight into your bank account.
Although it got sold recently, their affiliate program is still intact. Regarded as the second largest online store in Nigeria, Konga pays up to 9% commission on every completed sale. Like other affiliate programs, theirs is free to join and the payment is also forwarded to your account on a monthly basis.
Imagine a website that offers different amazing deals every day. Now that’s what Dealdey is about. Their affiliate program pays you up to 10% commission on every complete sale. In addition to that, you will also get N500 on every sale through your promotion. You can choose to receive your payment at the end of the month or use it to purchase deals on the website.
Like every other online marketplace, kaymu connects third party retailers who sell products on their website with buyers. They handle all payments while the retailers handle the delivery. It is however different from others as it offers a fixed 5% commission on every completed sale irrespective of the category.
Payporte has become one of the most visible online stores in Nigeria courtesy of their sponsorship of the famous show, BBNaija. Payporte’s affiliate program pays you up to 10% commission on every sale.
And that’s it for the foremost affiliate programs in Nigeria.
B. Affiliate marketing programs overseas
Hailed as the world’s largest eCommerce website, Amazon is the place to be for anyone who is serious about earning passive income. With over 300 million registered accounts, you can find it easy to earn promoting products on the site. Amazon offers up to 8% commission on each sale to their affiliate marketers. However, Amazon uses three months to process payments to merchants.
7. Commission Junction
Commission Junction has been around for years and has merchants across the board covering thousands of niche markets. This website requires pre-approval before you can participate in some of the affiliate programs on its website. Nevertheless, the approval is simple. Commission Junction offers commissions from 3% up to 30% on some products. Minimum payout is $100 for cheques.
Markethealth offers attractive commissions to its marketers. Unlike other programs on this list, markethealth deals only on natural health products. If you’re a health expert or you’re in the field, this is a good network you should join. They offer 50% commissions on almost all sales of their products and payment is done bi-weekly.
ShareASale has grown into an extensive affiliate marketplace that operates like Commission Junction. They have a wide range of product you can promote. Since their payment plan requires the merchants on their website to retain a cash balance of funds to pay affiliates, you can be certain this is a risk-free choice to earn. The commission varies based on the products and categories. Payments are made every 20th of the month by cheque to non-US affiliates.
Paydotcom is another affiliate marketing program that is niche based like markethealth. Paydotcom features only digital products. So if you have a vast knowledge of digital products, give this try.
ClickBank is the largest online marketplace for digital products with thousands of products in every niche you can think of. Payments are made directly from the company rather than through merchants. Even though ClickBank does not accept Nigerians like many other lucrative opportunities around the world, Nigerians have found their way around it and are earning money from it. You will discover the reason shortly.
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C. Tips for Beginners
1. Be Selective: Don’t just join any affiliate program without taking some time to study and understand how it works. E.g. the percentage rate, payment method, terms and conditions etc
2. Promote What You Know: Choose products that you are familiar with. This will assist you in recommending the products to your audience and make them see you as competent.
3. Create a Platform: Create a platform you would use on the internet for the marketing. You could start a blog or create a Facebook page or even start a thread on a popular forum. This will serve as an interface for you and your audience.
4. Know Your Target Audience: Every kind of product has its own audience. It is, therefore, important that you know the category of people that you want to focus your energy so as to reach right set of people.
5. Build Trust: Ensure that your updates on your platform are consistent and the information you provide is accurate. This will enhance your credibility in the minds of prospective buyers.
6. Be Honest:Some users tend to bypass your link and go directly to the website. Therefore, be open to them. Let them know that they are helping you earn some income when they buy through you.
7. Be Consistent: Be consistent in your marketing. If your marketing strategy is not yielding you the desired results, don’t get discouraged. Instead, research on what you’re missing and then do it right.
D: How to get started on the affiliate programs
1. Sign Up: Decide on which affiliate program(s) you would like to join and sign up for it.
2. Get your affiliate link: Once you’ve signed up, you will be provided with a referral link that is unique to you. The link is your ID that enables the website track every purchase to your account. When you want to promote a product, simply get the real links on the online store and paste it into the affiliate generator to get the affiliate links.
2. Promote the Product: Promote the product(s) on your blog or any other platforms that you have, e.g. your Facebook page.
3. Get Paid: At the point of signing up, your bank details will be requested. It is through the account information you provided that you will be paid once your earnings hit the minimum payment threshold.
However, the steps above do not apply to foreign affiliate programs as they are not as simple as the Nigerian programs. However, if you’re interested in learning how to register and get all the information you need to begin, check this page out.
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