Online Income-2020 Simple Affiliate Marketing
Affiliate marketing is a multi billion-dollar industry that’s been proven to increase the income of vendors and affiliate alike.
It can go both ways. You can recruit affiliates to market your products or you can become an affiliate partner to promote the products of businesses that complement your own.
Both work to increase your revenue.
The key in both cases is to find the right partners. Once you do, you’ll need to track what’s working and what’s not with the right tools.
There are multiple platforms dedicated to finding affiliate offers such as Click bank, Flexoffers, and even Amazon.
Before choosing an actual offer, make a choice about what type of affiliate offer you’d like to promote. This will help you narrow your choices to a manageable few within your niche.
1. Digital Downloads
This class of affiliate products pays a higher percentage of the sale amount because the cost of delivery and hosting is negligible. They also tend to be cheaper.
They’re online resources that customers can access instantly after paying for them.
They range from audio files, video files, or PDF files. An example is the entire Amazon Ebook marketplace or software such as WordPress plugins.
Since they’re relatively inexpensive, it’s easier to get the sale but you’ll have to sell a high volume to receive a sizable income.
2.Hosted or professional services
Professional services are a great way to achieve another stream of income through affiliate marketing. Before you settle on a provider, it’s important that you can vouch for their services.
Professional services tend to be more expensive than digital downloads. Hosted services, on the other hand, are cheaper but tend to follow a recurring subscription model.
Choose services that can cater to a worldwide audience as opposed to only local clientele. These are professional services like digital marketing or SEO (search engine optimization). An example of a hosted service would be a product like Lead pages or Convert kit.
As an affiliate for a professional service, you’re usually paid for the initial referral and that payment is much larger than what you can expect from a digital download. Hosted services tend to pay over the life of the subscriber you refer so the payments are small but add up over time.
3. Online Courses
This is a great way to earn a large affiliate income. Online courses are becoming more and more acceptable for adult skills development.
Everything from photography and gardening to digital marketing and productivity is being taught using online courses. In fact, the online education space is a multi billion-dollar industry.
Many of them have a premium price point and pay close to half of the revenue in affiliate income. They’re very similar to digital products but with one distinction – they’re not downloadable.
Choose online courses from reputable providers in your space and market them to your current audience. Within a short time, you’ll have enough extra income to offset more costs in your business.
4. Physical products
Affiliate marketing started with physical products. They’ve adapted very well to the internet. The first thing you’ll notice about physical products is they pay a much smaller percentage than other types of affiliate products.
This is natural because there are more costs associated with manufacturing, storage, and delivery.
Choose products that are unique, premium, and noteworthy. Commodity products aren’t worth your time because the commissions will be too small.
Market your Affiliate Products .
Affiliate marketing can be a full-time business and it is for many people. That’s not what we’re after. We’re going to look at a few ways to promote your affiliate products to increase your revenue without taking away time and energy from your core business.
I’d recommend not placing them as a direct offer on your website. This may dilute the effectiveness of your core offer. Instead, we’ll mainly market to existing audience members.
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