As an online strategy, affiliate marketing is often misunderstood. In the past, it gained a poor reputation for spammy tactics, but modern affiliate marketing is something very different. These days the savviest internet marketer is leveraging affiliate marketing success to turn more potential customers into clients. In this article, we break down exactly what affiliate marketing is and how it can benefit all types of businesses.
It’s hard to predict exactly what Amazon’s new rates will mean for those participating in the program, but there’s plenty of reason to be nervous. The most immediate change will be the end of Amazon’s “variable standard program fee” rates, which gave sites a higher cut as they drove more business to Amazon. The scale ranged from 4 to 8.5 percent, depending on how many products visitors bought in a given month. Robey says she never had trouble selling enough products to earn an 8 percent rate.
And in case you think it’s too soon for you to even think about affiliate marketing, let me quickly shake you. That’s. not. true! Affiliate marketing success requires a strategic mindset that is best learned at the very start, even if you don’t have loads of pageviews or anything else. Trust me – it’s much easier to optimize posts now rather than go back to tweak them, so read on and I promise, you’ll learn something of value.
Jumia Nigeria has attained the height as the leading African online retailing company. In order to achieve its desire of becoming the best in Nigeria, they launched a program for their fans and followers. With its in-depth penetration of the market in Nigeria the opportunity has risen for Nigerians to make money online as an affiliate of Jumia. The earning ability is enormous and anyone is welcome to join and earn good money from it.
Also sometimes spelled as “Click Thru Rate”. A metric used to show the number of times your affiliate link has been clicked on compared to the number of times the link has been viewed displayed as a percentage. To find your CTR, simply take the number of clicks the link has received and divide it by the number of impressions (times the link was shown) and times the result by 100 to get your CTR percentage. Example – if you are displaying a banner ad that has had 100 impressions and received 1 click, then you would take 1 (clicks) and divide it by 100 (impressions) to get .01 (result) and multiply that by 100 to arrive at a CTR of 1%.
One great way to get ideas for related products to promote is to look at the stats/reports that Amazon gives you to see which products readers are buying. After a while you’ll start to notice that they’re not only buying the products you directly promote but other products as well. Some will be completely irrelevant to your niche – but many times trends will emerge that could signal other products that it might be worth promoting.
Whichever way you choose to promote something, you’ll include a trackable link that’s unique to your affiliate account so that any sales can be attributed back to you. If you’re a blogger who wants to monetize your platform, then becoming an affiliate can provide that steady source of income as you earn commissions. An associate program gives you the opportunity to provide solutions to your audience who may need a product to solve a problem. The savviest publishers are content marketers, pay per click powerhouses, leverage marketing automation and can recite the guide to affiliate marketing like clockwork.
One of the challenges I came up against when writing about cameras regularly was that while a certain percentage of my readers were actively shopping for a new camera, many readers already owned one. In fact, writing a ‘photography tips’ blog means you attract more people wanting to learn how to use a camera that they already own, rather than buying a new one.
Well, in my personal experience, affiliate marketing makes up the largest chunk of my blog income. Since getting started back in October, I’ve made a few thousand dollars from affiliate marketing (including $1500 in the first 30 days!). The road to get there wasn’t easy though… affiliate marketing isn’t just about dropping links and hoping people will buy things. There is, in fact, a lot more strategic thinking involved, which brings us to the next major question:
You can try to build our business on free Web hosting or blogging platforms, but I never recommend it. If you are serious about affiliate marketing and building a website that can actually make money, you need to buy your place on the Internet. Sure you can get your nerdy neighbour to host your website on his home-made server, but trust me, this only leads to trouble.
I do this because I want to build a solid reputation and a loyal readership of people who trust me. I’d rather make less money and still have a reader than make lots of money and never see the reader again. For me, this comes not only from my ethics but my belief that in the long term building a good profile and reputation leads to other opportunities for profit.
Process-specific tutorials: You can also provide your readers with an in-depth process tutorial. For example, a DIY blog could write a tutorial blog post on “How to refinish an antique dresser” or a food-based blogger could describe “How to can your own tomatoes.” In each of these, all of the products you need to accomplish these outcomes would be links to Amazon.
Now most affiliate programs have strict terms and conditions on how the lead is to be generated. There are also certain methods that are outright banned, such as installing adware or spyware that redirect all search queries for a product to an affiliate's page. Some affiliate marketing programs go as far as to lay out how a product or service is to be discussed in the content before an affiliate link can be validated.