Tag: Affiliate Sales

Affiliate Marketing Today

Internet Marketing world-wide is growing exponentially, and a large percentage of that growth is in Affiliate Marketing. In 2017, 48% of the world’s population, 3.6 billion people, had access to the Internet. Furthermore, this access to the Internet is fueled by the growth in mobile phones which now in some countries account for 37% of the Internet Traffic.

In view of this huge market, why is it that only about 1% of individuals starting in Affiliate Sales are making any money?

The answer is lack of knowledge.

If you search in Google Scholar for ” Internet Marketing Research “, you will find tens of scientific papers dealing with different factors determining the success of marketing campaigns. Marketing on the Internet is now a Science. You can not just use trial and error and expect to be successful.

If you are a beginner in Affiliate Sales you need to partner with people experienced and knowledgeable in this field in order to get success. I recommend that you get the required training at Wealthy Affiliate.

Training that Gets Results

Most training “gurus” tell us that to succeed in online marketing we need to choose a “micro-niche”, a small segment in a larger market. The micro-niche should be in a subject that we know very well or that we are passionate about. The thought is that if we have a passion for a subject we will be able to write more content, more engaging posts, and will be perceived as an authority in the field. As an authority we will have “warm” prospects for the product we recommend and thus earn more sales commissions. All the above is true and desirable, but you will not make money fast. It takes a long time to develop an audience. As a result, many would-be Affiliates drop out because they lack the persistence necessary.

The reality is that to make money we need many visitors to our website. Typically, only less than 1% of impressions, people exposed to our website, will click on the site and read the content. Furthermore, of those visitors only less than 10% will click on the link for the product we are promoting and view the product. Depending on the quality of the product, and the reputation of the brand, and the price, a certain percentage of visitors will actually buy the product that will earn us a commission. The key is numbers, we have to have a large number of visitors to our website if we hope to make a sale. Possibly several hundred visitors daily. A “micro-niche” does not assure many visitors, at least in the early stages.

Secret # 1

We have to recommend products that people are willing to buy, not products that we think they should buy.

We can find those popular products searching in Google, or viewing posts in Facebook, or if we are selling digital products, we can see what is trending in clickbank. But now there is a faster way.

Wealthy Affiliate has added a new platform for finding Affiliate Programs.

Wealthy Affiliate is a leader in Internet Marketing Training with more than 1,400,000 members. Created 14 years ago it has members in 193 countries. If you join Wealthy Affiliate, click here, you will see the current trends.

 

Choose a niche in either Popular Categories or Popular Keywords and your chances of making money online will improve drastically.

The above is an example of what is available in Wealthy Affiliate. It is a training platform, but much more than that.

Conclusion

There are many “secrets” for success in online marketing, but the most important secret is Training. Knowledge is King. I recommend that you try the free membership at Wealthy Affiliate for yourself and see if what is offered is of value to you.

There is a Jungle out there. It is very difficult to succeed as an individual. We all need a support group where we can share our experiences and learn from each other. Wealthy Affiliate provides that support group.

Click here on my affiliate link and sign up for the free membership. I hope you join us, so that we can move forward together, sharing knowledge for our mutual success.

 

Carlos

 

Further details presented in the articles below:

mymonetaryfreedom.com/affiliate-marketing-in-2019-what-is-it-and-is-it-for-me

mymonetaryfreedom.com/affiliate-marketing-for-seniors-a-right-fit

retiredreadyformore.com/wealthy-affiliate-review-no sugar-coating-here

What is it?

Affiliate Marketing today is a growing performance-based marketing method in which an online retailer pays a commission, to an affiliate or publisher, for each customer brought by the affiliate’s own marketing effort. There are many forms of Affiliate Marketing, such as Pay per Sale, Pay per Click, and Pay per Lead. Here we will discuss the most common form of Affiliate Marketing which is Pay per Sale.

Is Affiliate Marketing for me?

It really depends on your personal situation.

– If you are in a dead-end job with no expectation of advancement and want another source of income to supplement your income now and may become your full time job in the future.THEN AFFILIATE MARKETING MAY BE FOR YOU .

– If you want to be your own boss, not tied down to a fixed schedule in a dreary 9 to 5 job. If you want to work from anywhere. If you want to have your own business and are willing to work hard. THEN AFFILIATE MARKETING MAY BE FOR YOU.

– If you are young and ambitious. You see young entrepreneurs standing by luxury sports cars in YouTube infomercials. You want to have what they have. You want that lifestyle. THEN AFFILIATE MARKETING MAY BE FOR YOU.If you are this person,you do not like to wait, so click here

– If you are a Senior. Retired after a long career, but your egg nest is not sufficient to insure comfortable golden years. You want to supplement your income but do not want to work full time away from home.Maybe you must take care of your spouse at home, or you do not have the energy to deal with a daily commute again. You only want to work part-time and on your own schedule. You are retired but still want more out of life. Maybe your own business? THEN AFFILIATE MARKETING MAY BE FOR YOU.

Pros of Affiliate Marketing

These are some benefits of Affiliate Marketing.

– Your own business that can be started quickly and at low cost.

– Your choice of products to promote. You are not locked into a specific market niche. Contrary to brick and mortar stores, you can try different market niches until you find the right one for you.

– You do not need to maintain an inventory of products or deal with customer complaints.

– You do not sell a product, you recommend it. Liability stays with the seller.

– Performance based rewards. You work at your own pace. Rewards, commissions, depend on how hard you work.

– Earning potential is limitless.

– Work from home, or from anywhere as you wish.

Cons of Affiliate Marketing

– You must learn the necessary basic skills such as:

How to build a website.

How to generate visitors, or traffic, to your website

How to monetize your website.

– You need to be able to write well, in order to become an authority and develop a following of potential customers.

– You must be knowledgeable in the products promoted.

– It takes time to build a business. It is not a get-rich-quick scheme.

– It requires dedication, hard work, and persistence.

Affiliate Marketing – A Fast Growing Opportunity

Affiliate Marketing is a win-win situation for both the Manufacturer or Seller and the Affiliate.

The seller benefits from expanded marketing and wider distribution of its products at minimum cost. The seller only pays a commission on sales generated. The only expense is for advertising materials supplied to the Affiliate and the sales tracking system.

The Affiliate benefits from the commissions he receives when his recommendation results in a sale. But without the investment required to sell its own products online or from a brick and mortar store.

This win-win situation is one reason for the phenomenal worldwide expansion of Affiliate Marketing.

Affiliates typically have a very specific audience, or micro niche, to whom they market. Because the Affiliate is generally viewed as an authority in their niche, they are able to recommend products to a warm audience, very likely to buy the product recommended.

Some Statistics

But there is a more important factor in why Internet Marketing in general, and Affiliate Marketing specifically, are growing exponentially. It is the world-wide growth of the Internet.

Between 2000 and 2017, the Internet users increased more than seven fold, from 6.5% to 48% of the world’s population reaching 3.6 billion users by the end of 2016. [1]

This growth is not confined to the USA. Internet penetration in Europe reached 75% of the population. In North and South America 66%, in countries of the Asia-Pacific region 45% . [2]

In the UK in 2016, 4900 advertisers spent 1.6 billion pounds on generating sales. Of this amount 88% was defined as affiliate activity. [3].

Furthermore, this advertising activity is fueled by the growth of mobile phones, since it is now easier for everybody to access the Internet. For example in Ukraine mobile traffic in 2016 accounted for 37% of all internet traffic. [1]

The opportunity to generate sales world-wide is huge and growing. ( Do not forget the China Market ! )

How do I get Started?

Training

As mentioned earlier, you must learn the basic skills necessary to start a successful online business. Learn how to:

– Select a niche or product that you will promote

– Build a Website for your niche

– Drive traffic to your website

– Monetize your website.

You can learn the individual subjects for free online, i.e. on edex.com which is a reputable resource. Or you can check free courses on YouTube. Many of the subjects can be learned online, with the majority being taught by people who are in the business themselves and are now willing to teach you the “secrets” of Affiliate Marketing.

I recommend a safer approach. Sign up for a free course, or beginners training course, offered by an industry leader in Affiliate Marketing training. The platform I recommend is Wealthy Affiliate.

Free Introductory Membership

The free membership at Wealthy Affiliate offers you limited access to the Wealthy Affiliate Dashboard.

Premium Membership

To be honest, I believe that after you sample what is offered at Wealthy Affiliate you will want to upgrade to the premium membership.

 

More on Wealthy Affiliate

I strongly recommend Wealthy Affiliate because it offers everything you will need to start your Affiliate Business in one place. You do not need to buy a domain name in one place, website hosting and/or a security package elsewhere and all at a very nominal investment.

Wealthy Affiliate has been in business for 14 years. Approximately 1,400.000 members in 193 countries.

Join Affiliate Programs

After you have advanced in your training, and have created a website that generates traffic, it is time to join Affiliate Programs that have the products that you want to promote in your website. Please note that you should have sufficient traffic to your website before you will be accepted by major Affiliate Networks such as :

– Amazon Associates

– ShareASale

– CJ Affiiate

– Big Commerce

– ClickBank ( for digital products)

Please note that when selecting a product to promote, is best to choose a manufacturer or retailer that has worldwide sales. In this way you increase your potential market, since your promotion will be seen world-wide, not just in the USA or in Canada.

Along these lines I recommend that you promote Wealthy Affiliate, with members in more that 190 countries. You can reach millions of people who want to earn money online and need the training offered by Wealthy Affiliate. Furthermore, the commission earned from Wealthy Affiliate is recurring, month to month, as long as the premium member that you recruited remains a member.

Tips for Success as an Affiliate Marketer

1- In your website write content that solves people’s problems or satisfies an urgent need.

2- Establish a personal connection with your audience. Write like you would talk to a friend. Your goal is to help and recommend a few products that you like and believe in, not to make a sale.

3- Review products and services applicable to your niche. Reviews can be positive or negative, but must be honest. Only review products that you know very well. Your reputation as an authority is on the line.

4- Focus on developing one website only. Do not dilute your effort and valuable time by expanding too soon.

5- Join several Affiliate Programs from sales networks, but also programs of manufacturers of products you like. Their commission is usually higher.

6- Continue learning and work hard.

7- Believe in yourself and persevere. You can be successful.

Conclusion

The world-wide growth of the Internet, combined with the increase in Mobil phone use, is creating a great opportunity for Affiliate Sales. Do not miss this opportunity.

I recommend that you start by joining the free training program at Wealthy Affiliate. If you sign up here, clicking on my affiliate link, I get notified and I will be able to provide personal support to get you started, as a way to thank you for signing up using my affiliate link. Hope to meet you inside the Wealthy Affiliate community.

Carlos

carlos@mymonetaryfreedom.com

References

[1] Strategies for Implementation of Affiliate Projects in Marketing Activity. Maryna Chaikowska,et al. Periodik Naukowy Akademii Polonijnej. 27 (2018) nr 2

[2] Digital Marketing Landscape,2016

[3] Affiliate Marketing growth accelerates as advertisers plough 1.6 bn pounds into performance channels. Kevin Edwards,27 April 2017 . https://www.awin.com/gb/market-insights