Affiliate marketing is a very easy solution for the online income seeker nowadays. Many newbies though will rise their eyebrows and ask themselves how could they benefit from such a thing.Let me explain to them in plain English what’s all this fuss about affiliate marketing.
In a very concise way, affiliate marketing means that you, the person who wants to make the money, find some companies who allow you to advertise their product and find customers for it. When the product gets sold, due to your efforts, you get paid a percentage of the sales price.
So you don’t need to invest money in buying their product, but it is beneficial to be related to that product, to know enough about it, because you will be more confident in advertising it and you will generate more sales.
1. Choose a product that you are familiar with; if you think you will have a tough time by trying to advertise a physical product, for example some diet pills, then you can always turn to e-products, services or software. You can learn about products that you like, as well , and become a very good promoter of them.
Unlike the merchant, who needs a web-page to display his products, you, as an affiliate, don’t necessarily need a web-page to promote their products. You can opt for using social media or forums, to start with, or you can create your own blog for free using blogger.com or wordpress.com.
So you select the products you are interested in and make sure the merchant offers you the best deal. You need to look for these particular points when choosing the right product to promote:
* good commission;
* recurring payments if you have customers that will buy again the product you advertise;
* clear statistics, so you can track your sales.
2. Create a solid advertising plan.
If you have your own blog, you can put on that another attracting information related to the products you promote, and you don’t look like “give me the money and here is the door” kind of guy. You can be more subtle and gain customers’ confidence so they will be more prone to buying from you.
3. Monitor your sales.
Check your stats daily and see what kind of advertising brings you money. If not too many people turn into buyers, elaborate another tactics for promoting the products chosen, and see if you obtain any improvements in sales area.
You can always look for similar products from another vendors and start promoting them instead, if the trend in the marketplace changes dramatically.
Affiliate marketing will be easy or hard for you, depending on how well you choose a hot product to promote and how well you advertise it.