back to basics - part 12
Hello and welcome to all the readers.
Today in 'back to basics' we explore affiliate marketing
what is affiliate marketing
Affiliate marketing is the process by which an affiliate earns a commission for selling or introducing to someone else's product/opportunity
Basically, you get a percentage of the sales.
How do you get started
- Decide on the niche you want to promote
- Find affiliate programs for that niche
- create content on your blogs to promote
- Send traffic to that sites
- Get signups and convert them to sales.
It all sounds easy, but if you select a wrong niche or a program, it will be very difficult to make sales Traffic and sales conversion also plays a great role.
Different ways the affiliate can earn and get paid
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Pay per click - the affiliate will send the traffic to the site, for every click it generates, he/she will be paid, irrespective of a sale is made.
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Pay per lead - the affiliate will send the traffic to the site. When they sign-up as interested, they become a prospective buyer, i.e., lead
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Pay per sale - the affiliate will send the traffic to the site, he/she will be paid only when a sale is completed. Some companies have fixed rate of commission per sale. While others pay based on the volume of sales done over a period of time, i.e. commission percentage increases as the total sales increase.
Different ways to promote affiliate marketing
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infiuencers - These are mostly celebrities or content creators who have a huge following.
Basically, they have the power to impact the purchasing decisions of a large segment of the population They benefit from the huge following and earn a good share of profits. -
Bloggers - They are content creators who review the products and recommend them.
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Email Lists - Email lists contains the list of prospects who may be interested in the niche you are promoted. Some affiliates have email lists they can use to promote a specific niche. Others may leverage email newsletters that include hyperlinks to recommended products, earning a commission on sales.
Fact: 95% of them fail in affiliate marketing. They may get some odd sales though. Only 5% are successful in making good money. That's the truth of affiliate marketing.
thank you for reading my post
see you tomorrow,
farhad [imfarhad]
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previous posts in 'back to basics' series. back to basics - part 11 - Lead Magnets back to basics - part 10 - Tracking and Analysis back to basics - part 9 - Solo Ads back to basics - part 8 - Downline Builder back to basics - part 7 - Text Ads back to basics - part 6 - Autoresponders back to basics - part 5 - Banners back to basics - part 4 - Viral List Builder back to basics - part 3 - Traffic Exchange back to basics - part 2 - lead capture pages back to basics - part 1 - splash pages
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