One of the most popular online business idea all over the world today is Affliate marketing.
Many people all around the world are talking about affiliate marketing and how lucrative it is. The question is are you one of those people who have utilizes this opportunity and is making money in Affiliate marketing or are you still skeptical, trying to understand what is actually involved bin affiliate marketing?
If the latter is your case then I can assure you that you have come to the right placeIn this article, we are going to discuss everything you really you basically need to know about affiliate marketing.
Not only that we would also delve into a step by step procedure you need to follow in order to get your affiliate marketing started and start making your money online like many affiliate marketers do today.
WHAT IS AFFILIATE MARKETING?
First of all before we go into any other thing, we must first understand what this Affliate marketing is all about. Affiliate marketing is process where you promote a product or service; be it a company’s product or another marketer’s product or services online and getting a commission from the sales that you generate for that particular product or service that you have marketed.
The commissions involved in affiliate marketing are usually not specific, but in some cases, there are some fixed commissions attached to it.Affiliate marketing is a very fast and reliable online platform that you can make a whole lot of money today but not everyone know about it.
Basically, the affiliate marketer is a kind of a middle man who intermediates the buyer and the seller and makes his commissions out of the trade.
This process is nothing new, in fact it has been an old business process that many people were involved in but affiliate marketing redefined and rebranded it in a very quick and easy online way where you do not really need to meet the buyer physically.
WHY IS AFFILIATE MARKETING VERY POPULAR
This question is a question I asked myself a long time ago until I came to know about affiliate marketing. The main reason why affiliate marketing is very popular today is because it is actually a get rich quick business idea that a lot of people are into.
Affiliate marketing is very popular today because a whole lot of companies are looking for affiliate marketers to promote their product and thereby creating a very strong customer base for their businesses while the affiliate marketer is looking out for companies who are in need of marketing their products online and thereby making his money via sales commissions.
Affliate marketing benefits the two parties involved in the business that is the marketer and the owner of the product or service. Although recently Affiliate marketing has been so hyped but if you actually pay close attention into what is actually involved you will come to the conclusion that is really worth the hype.
IS AFFILIATE MARKETING WORTH IT?
Are you one of those people toady who are actually interested in making a lot of money online but is still skeptical about Affiliate marketing? Perhaps you are asking yourself if this new business idea called affiliate marketing is actually worth it.
Well what you must know is that nothing comes without its technicalities but if you can actually market your product very well then Affliate marketing is a dream come true. This is because it rewards the marketer very handsomely.In affiliate marketing you can make up to fifty percent commission on a single sale that you generate for the company that you are marketing their products.
In fact unlike several others online businesses, affiliate marketing can turn from your side hustle to a full time business because of the money that you can make from it. interestjournals.org in one of their articles stated that the Affliate marketing industry is worth billions of dollars.
So if you are still asking if this Affliate marketing is actually worth it, just think again. Here are some of the major benefits of affiliate marketing that you can consider
YOU CAN WORK FROM ANYWHERE
This is one good advantage of affiliate marketing. The fact that you do not need to have a specific place of work is a big bonus for you considering the fact that you can have other jobs that you are doing. Affiliate marketers only need to access their business online making it a very easy and mobile business that you can venture into
LOW CAPITAL
You do not need to wait until you have a huge sum of money stacked up somewhere before you can start your Affiliate marketing business. All you need to do is to open a blog. Opening a blog nowadays costs relatively low. Once you are done opening a blog you can run these affiliate links on your blog and make your money.
There are many platforms that you may consider to run your Affiliate on aside from blogs. You can run your Affiliate on Facebook, Email YouTube and any social media platform that you seem fit. But it more advisable to run your Affiliate on either a blog or on YouTube. Omegapayz in one of their articles stated the step by step ways you need to start your Vlog ( Video blog ) on YouTube.
YOU ARE NOT RESTRICTED
IT IS EASY TO LEARN
DISADVANTAGES OF AFFILIATE MARKETING
Despite the fact that the Affiliate marketing business is a well popular and lucrative online business that many people are into, it sure has its own disadvantages. Most of the disadvantages it or problems associated with the Affiliate marketing are common problems that all online businesses are prone or exposed to leaving Affiliate marketing not being much different from the hazards of online fraud and other uncertainties.Below are some of the vital problems an Affiliate marker may encounter during his business endeavor.
AFFILIATE MARKETERS MAY NOT BE PAID THEIR COMMISSIONS
This is one of the most common problems associated with Affliate marketing. Most Affiliate marketers today complain of fraudulent companies or Affiliate programs that end up not paying the Affiliate marketers his due commission for the sale he generated for the business.
THERE IS A LOT OF COMPETITION IN AFFILIATE MARKETING
Due to the widespread and popularity of Affiliate marketing, many people have ventured into the business, meaning that there is a lot of competitors in the Affliate market. Due to this increase in the number of Affiliate marketers, the companies are not in desperate need of an Affiliate marketer.
In fact some companies may not even accept your request to run Affiliates fro them because they might have enough Affiliate marketers running ads for them online.
MANY PROGRAMS REQUIRE MONEY FOR REGISTRATION
This is one thing that discourage many potential Affliate marketers today. When they come across Affiliate programs that would require a particular sum of money before they can register with them and become part of the program.
Many potential Affliate marketers may not have the money required by these programs for registration and that would not only pose a problem to their aspiration to move into Affliate marketing, but it could go a long way in making them spend more in Affiliate marketing.
PRICING OF COMMISSIONS IS BEYOND THE AFFILIATE MARKETER
The Affliate marketers does not get to decide or influence the price of commission he receives by the the company. Therefore leaving the company to decide how much it should pay for every sale generated by the Affliate marketer
QUICK STEPS TO START AFFILIATE MARKETING
CHOOSE A SUITABLE PLATFORM
SELECT YOUR NICHE
It is important that the next thing you do is to select a niche that well suits you.
