Do you have any idea, how much do affiliate marketers earn? Affiliate marketing has long been one of the most popular online businesses in the world. However, it is becoming more and more popular in Asia. You can make a lot of money through affiliate marketing.
But due to lack of proper guidelines and proper knowledge, many are not able to achieve success in this promising sector. On the other hand, the number of successful affiliate marketers using their own talent and strong interest is not less. At present there are many affiliate marketers in the world who are working quite efficiently in different marketplaces.
Today in Courstika we will discuss affiliate marketing in this series of digital marketing. I am Sarjan Faraby, will try to discuss in detail what affiliate marketing is, how to do it and how much money you can make by doing it.
What is affiliate marketing?
Different companies or organizations hire different promoters to sell their services or products online. The job of these promoters is to promote the services of those companies or organizations. As a result of this campaign, if the company or organization can sell their services or products, then the promoter gets a certain amount of commission. This is basically affiliate marketing.
For example, global companies like Amazon, E-bay and Alibaba Express and even Bangladeshi companies like Daraz, Pickaboo and AjkerDeal hire online based promoters to sell their products. You can earn a good amount of commission by doing affiliate marketing for these e-commerce sites.
What are the benefits of affiliate marketing?
Since you are going to work with affiliate marketing, you need to know the benefits of it. Affiliate marketing is a profession that will help you learn, make money, and keep you engaged. There are also several advantages to this profession. Such as:
- Affiliate marketing can be started at a very low cost.
- There are no specific income restrictions. The more sales you can generate, the more income.
- It is an independent profession. There is no obligation to give time every day.
- You don’t need any of your own products or services, you can get commission by selling other people’s products.
There are three main parties work in affiliate marketing. Merchant or seller, customer or buyer and affiliate or promoter. Here a merchant or seller sells products or services of a company or organization. A customer or buyer buys all those products or services from the merchant.
On the other hand, an affiliate or promoter marketing a product or service made by a merchant to the customer and if the customer buys that product or service, the promoter gets a commission from the merchant at a fixed rate.
How to do affiliate marketing?
Affiliate marketing is basically a creative profession. You can start affiliate marketing by leveraging your presence online. But to get started, you need to have an idea. Policy must be beautiful for a good promotion. You can follow the guidelines below for this.
1. Affiliate registration
If you want to do affiliate marketing, the merchant will promote a product or service that will give you a link. Each affiliate gets a separate link. If someone buys a product or service by following that link, his commission will be credited to your affiliate account.
2. Joining through various online
If you want to do marketing in this sector, you must have some tools in hand. The stronger your tools, the easier your sales will be. To do affiliate marketing you will need: a blog or website, a youtube channel or social media page (like facebook, twitter etc.).
Websites, YouTube channels, social media pages are all mandatory, but that’s not the case. But the more channels or media you have, the more marketing opportunities you will have.
3. Online promotion or digital marketing
Do you have a website, YouTube channel or social media page? But there are no such visitors. You will not get much benefit from it. So you have to engage a lot of visitors in these mediums.
Sales will never increase without visitors. And if you want to bring visitors, you need to know basic digital marketing. Such as search engine optimization, social media marketing and YouTube marketing. That means you have to:
- Good quality content for blogs or websites.
- Good quality video for youtube channel.
- Regular posts on social media.
4. Creating niche sites
Niche refers to a specific category or content. Affiliate marketing has many different categories of products from different companies. You just have to be more discriminating with the help you render toward other people.
Remember, if you work with many categories at once, you will not be able to market them properly. For example, suppose you have selected an electronic category. Television is a niche there. So now your job is to select any niche and create a niche related website.
5. Marketplace and product selection
When it comes to affiliate marketing, you will find many marketplaces. You can work in any one marketplace from there. Remember, it is better to work in one marketplace than to work in multiple marketplaces.
You will find some good tutorials on the official YouTube channel of the marketplace where you will work. These tutorials will make your job easier.
Now come to product selection. When it comes to product selection, you need to look at the commission rate on the product and whether the product is doing well in the market. So research and find out which products sell more online and people buy online regularly.
6. Having an idea about basic digital marketing
You spent a lot of money building websites, writing unique content for websites, designing websites, making YouTube videos and creating pages on social media. But nothing will work if you can’t market these websites / blogs, YouTube channels or social media. Because people aren’t on your channel, who are you actually marketing to?
So in order to spread the popularity of websites or blogs, YouTube channels or social media, you should know:
- Digital marketing
- Search engine optimization
- Social media marketing
- YouTube Marketing
- Email Marketing (Optional)
We have discussed search engine optimization and social media marketing in detail in the course. You can easily read those articles from the link and get the necessary ideas about search engine optimization and social media marketing.
If you can master these issues, you will be able to bring more visitors to your online platforms. This will increase your public engagement. As a result, the chances of your cell growing will also increase.
How much do affiliate marketers earn?
It has already been mentioned that there is no limit to earnings in affiliate marketing. Here you can earn more or less according to your cell. But there are several things that work in terms of earning. Here are some things to look for when selecting yours. Such as:
- What is the commission rate of the product
- What is the price of each unit of product
- How many units of product have you sold?
- What is the value of the total sold product
So, your earnings will depend on all these things. If the commission rate of your product is high and if you can sell that product more, then of course you can earn huge amount of money.
The more sales you can generate, the more commission you will get. There are many marketers who may earn $100-$10,000 a month. So the whole thing is a relative matter.
Why do most marketers prefer Amazon?
There are thousands of affiliate programs online, so why is Amazon so popular? Let me say here, Amazon’s commission rate is lower than other marketplaces. Even so, people trust on Amazon.
One of the reasons for this is that Amazon is the world’s largest e-commerce marketplace and the most acceptable to customers. Also in name only it serves as a soft corner to the customers. As a result, Amazon’s products are sold more than other marketplace products.
When marketing other marketplaces, it is seen that sales are not generated in the amount of traffic (visitors). But Amazon’s conversion rate is much higher, resulting in better traffic even with less traffic.
If you want to learn affiliate marketing, first watch YouTube video tutorials for 3 months and get ideas by reading various articles. In that case, the articles on social media marketing of the Courstika will make you more advance. So start your marketing career now. Success will come.