Affiliate Marketing? 5 Tips That Earns You More Money In 2020
How to start and earn more money with Affiliate Marketing Program
This is Destined Boy – Affiliate Marketing
The trend of Affiliate Marketing.
Is affiliate the next trend to earn more income as a blogger?
A smart blogger should be looking at different sources and avenues to make more income.
Bloggers now are devising their sellable ideas into the realm of affiliate marketing.
But new bloggers aren’t left out.
An economist will say, “Theory of demand seeks to establish a relationship between the quantity demanded of a commodity and the price.
If the firm is a small-medium business, there is practically no choice. The firm is forced into a followership position. It looks the financial strength to wage a successful struggle for leadership even though its cost structure may be more favorable.
Affiliate marketing is a program that all the advertisers get benefited. For instance,
At times, people say running an affiliate marketing program is more like the dropshipping model.
But for a drop-shipping model chart, it goes like:
The occurrence here is whenever a consumer order for a shipping product, then you act as the middle man between the consumer and the supplier thereby contacting the supplier, then the supplier undergoes the shipping journey to the consumer that requested the product.
Although they are more similar but of different strategies.
Why Affiliate marketing?
The major objective of affiliate marketing is to earn more income, right?
This means the affiliate marketers earn income each time they refer visitors to their websites, and they eventually make a purchase.
Is affiliate marketing a good source of income for bloggers in Nigeria or Africa?.
Let me tell you, over 89% of people prefer leveraging on a business which earns them an extra income apart from their basic salary.
Who doesn’t want to be like Bill Gates or Dangote?
Since the goal is to earn more income, companies offering affiliate marketing programs use what I called Back-end systems to track their affiliate’s performance.
This reveals the dashboard income and performance done by an affiliate’ client.
The concept of affiliate marketing has become a huge network in the business's basement today.
Read: How to earn more money with Clickbank affiliate marketing
How it works?
Since the only way you can drive more revenue to your account is to make sure you reach out more to these potential customers.
And the more traffic you drive the more revenue opportunities you created.
Let’s say, your website is designed to promote and sell FASHION DESIGN.
Basically, you can drive more traffic by offering a referral link on your website which makes your visitors form an association with it.
Whenever someone clicked on the referral link on your site and bought an item, you get a commission.
And once your sign up has been granted. You are eligible to start advertising their products and services through different channels.
Then you are thinking of making more income with your website blog you can opt-in for an affiliate marketing program.
Since it is another way to turn your passion into a revenue source.
1. How to earn more Revenue
The conception of the affiliate program today inevitably bore to the increase in traffic of your site.
Because, once that advertisement’ banners or affiliate referral links are hits by your site’ visitors and a purchase is made, you’ll receive a commission.
The major key to a successful affiliate marketing campaign is to consistently drive more traffic to your site.
Surely, the more traffic you drive more hits on your site and the more chances you have of gaining more revenue from purchases made through the links on your site.
25% of bloggers in Nigeria uses affiliate marketing program to make more money from their blogs.Destined Boy
I tell you consistent writing of relevant, engaging, informative and SEO-Friendly content will get you more leads and traffic.
You don’t expect a website struggling with 300 visitors per month to drive more revenue to your cabinet.
And since you can’t run or invest in traditional ads, simply opt-in for search engine optimization.
Read: How to improve your search engine ranking fast
2. How to boost your website revenue earnings
Well, we know that search engine optimization is a long term goal, but it worth going for.
Once you were able to set your site as a resourceful place for the search engine to visit.
Surely, you will hit the mark as time goes by.
Begin to publish quality and informative content over 1000 words. Research has shown that contents which show in Google search result first page are over 1500 words depending on how competitive it is though.
Since more traffic equals more revenue.
And the more traffic you drive to your site, the more successful your home internet will be.
Also, since your main objective is to make more revenue with the products and services you’re advertising, at the same time you have to optimize your site for search engines.
Company’ Strategies
Before a financial manager of a company could allocate or agree on the affiliate marketing proposal, He\She must have evaluated the uncertainty and risk of the project.
If the company decided to pay a dividend, what proportion of the available earnings should be paid and what proportion should be retained for future expansion and growth?
Also, companies doing affiliate marketing program in Nigeria pay on a fixed percentage commission every month; however, if an affiliate program is a barrier to their financial and sales management account, they wouldn’t have implemented such a decision to accept a proposal involving affiliate marketing.
Smart companies know how affiliate marketing may add value to their business based on the application of the percentage cash flow technique that they offer to affiliate marketers.
Off-course, they would have opt-out if the uncertainty of the proposal or the beneficial input s not considered.
Evaluating uncertainty and risk analysis in capital investment has played a major role in affiliate marketing today.
Now, companies see affiliate marketing as a power shot in liquidifying the firm through the early recovery of capital.
They have realized the traffic and sales that it brings to their business store.
Read: The Beginner Guide to Google Adsense Approval Without a Custom Domain
3. As a blog Affiliate Marketer
Whatever you invest in today is your investment in your future and your success.
Follow up your website investment with passion, consistency, and commitment and there would be nothing stopping you from realizing your dream through earning that extra income.
The key to becoming a successful affiliate marketer is patience and perseverance.
With this, you will get a better focus towards that extra income you have always dreamed about earning.
4. Tracking
Companies provide track compile statistics about the performance of your website’s visitors based on real-time analysis.
They also create advertising banners based in HTML code, GIF, and Ads format which serves as an avenue for affiliate clients to promote their products and services.
As an affiliate marketer, you should be less worried about how to sell their products, the merchants handle it all; all you have to do is to promote and sell their products through the banner posted on your website.
However, affiliate marketers enjoy the freedom of being his\her own boss and work on their own time. He\She can work only for a few hours and generate income 24\7.
5. How to be successful in an affiliate program
Affiliate marketers can still maintain their work and have the affiliate marketing source as another medium of making more revenue.
But, the idea of a successful affiliate marketing campaign is the willingness to learn or unlearn.
If one wants to stay relevant in the affiliate marketing world, you must possess what I called Self-Determination.
You must possess the ability to push ahead of others.
And the only way you can achieve that is to differentiate yourself from others and don’t ever imitate them.
An American once said affiliate marketing is all about putting one’s fate into his own hands.
He’s right! The ball is in your court. Blogging has become a huge resource that needs a lot of time and consistency.
The only way you can achieve a tangible result is to understand what you’re about doing and how to go about it.
On the other hand, blogging has become a full-time job no longer a part-time job. What do I mean? if truly you want to earn more income then you have to keep showing your potential and existing visitors how serious you are.
It is no longer for an unserious element.
A blog with 10 quality and informative content will generate more traffic than a blog with 300 irrelevant and quantity content.
And the more traffic you drive the higher the chances of earning more income as a blogger.
Read: How to promote your business blog online instantly
Facts
E-commerce companies like Jumia, Konga, etc that offers affiliate marketing program to clients has generated exceptional growth in their business strategies.
I believe also that sports betting affiliate companies like bet9ja and bet-king etc are one of the most preferable betting affiliates in Nigeria.
Conclusion
Make your site SEO-Friendly.
Great content is king! Begin to write content that is worth-sharing across the web.
That’s relevant, informative and interesting content.
And make sure your website is responsive and mobile-friendly.
Also, the speed of your website also contributes to the ranking factor on SERP.
Track the performance of your website on search engines with Google Search console.
Then optimize your content to resonate with the frequency of your audience.
Study the behavior of your site visitors with Google Analytics.
Read: How to use Google Analytics to improve your SEO optimization
Encourage your potential and existing visitors to sign up for your newsletters or email subscription
Surely, you will earn more income and grow your PV.
Read: How to earn more money with Clickbank affiliate program
I hope you found this article helpful? Please don’t forget to comment, subscribe and share it.
Authorship
I am Destined Boy, a Certified Digital Marketer.
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