Many Nigerian online marketers and web-savvy individuals like me are also making a lot of money from affiliate marketing programmes in the country and beyond and you too can join them with the knowledge you’d be getting from this post.
Then they hope to skim off affiliate commissions from naive searchers reading their fake product reviews and clicking their affiliate links.
.
Brands, companies, and vendors will have to restructure their commission structure and be smarter with the framework.
Another option is looking into products and services that you use to see if they offer affiliate programs. Big companies like Amazon have the Amazon Associates Program. The e-commerce platform Shopify offers its Shopify Affiliate Program. Another option is Wix, which gives affiliates $100 for every conversion. Tripadvisor offers at least 50% of the commission they receive from their hotel booking partners. As an affiliate, you will link to specific hotels on Tripadvisor, and when a user comes to their site via your trackable affiliate link – you get paid. Tripadvisor states on their affiliate’s page that “You still get paid when users click out to our hotel booking partners, regardless of whether or not they book.”
Let’s say you researched a lot and eventually made your mind to create a paid course about fat belly fix.
Waking up at an ungodly hour to go to the office through totally packed streets with other half-asleep commuters and slogging through emails until the clock ticks 5.
Learn how to get an EIN in our What is an EIN guide or find your existing EIN using our EIN lookup guide.
Once you have the product created and delivered to your initial buyers, it’s time to open up the affiliate network.
Apart from blogging, YouTube is probably the next best option – however, creating and editing videos is costlier and more difficult; but, if you like creating videos, it can be just as great an option.
ShareASale is an affiliate network, which means you can access tons of affiliate programs from there. There are over 4,000 merchants represented and 1,000 of those affiliate programs are only available through ShareASale.
Moreover, it is in your passion where you are more familiar than anything else to make everything easier.
When people trust you, they buy from you and this is the key difference in affiliate marketing and banner advertisements or Google Ads.
If you can find a couple of affiliate partners that run offers on this product, you can then start building your website around this niche.
Step 8 - You get paid when the payment date arrives or when you choose to withdraw it (varies with platforms - it can range from 30 to 90 days typically)
When deciding how you will pay your affiliates, keep in mind what you learned from your competitive analysis and make your structure more appealing. Will you pay in-store credit or cash? What percentage of the cost of the product or service will you pay to your affiliates?
Assure them that you wouldn’t recommend any products if you hadn’t used them yourself or were confident they could help them.
Affiliate Networks act as a middleman between companies and their affiliates. They manage the relationship and providing third-party checks and balances.