19/03/2022
WHY AFFILIATE MARKETING?
Affiliate Marketing is where an affiliate recommend helpful products / services to people who need them (interested) and can afford them.
Affiliate marketing works when someone (an affiliate) refers a product or service by sharing it on a blog, social media platform, podcast, or website. The affiliate earns a commission each time someone makes a purchase through the unique link associated with their recommendation.
WHY SHOULD YOU START AFFILIATE MARKETING IN 2022?
1) Affiliate marketing is booming
Affiliate marketing spending in the US alone is expected to reach $8.2 billion by 2022, according to Statistica. And in Nigeria affiliate marketing is fast becoming the new money well.
2) Start-up cost
There are many business projects on the Internet such as e-commerce, dropshipping and other different ways, but the majority of these methods require a relatively large capital to start, and on the contrary, commission marketing does not require a large capital to start with and it is possible to start with zero dollars
3) Easy to execute
What sets this business model apart is that you don't do difficult tasks like:
Making the product or providing the service - Monitoring the performance of the product and checking its quality - Providing customer service
All of these things are done by the product owner, while all you do as a marketer is marketing the product only, and you can promote dozens of products at one time and this brings you more profits.
So your side of the equation simply involves handling the digital marketing side of building and selling a product. You don’t have to worry about the harder tasks, like developing, supporting, or fulfilling the offer.
4) Affiliate marketing is a big market
It is an open market that contains many products and services around the world in almost all fields. For example, if you specialize in:
Fitness and body building - technology - health and beauty - Kitchen and home supplies - clothes and fashion - Online services - Food and food.
You will find products and services available online to promote, you can count on Affiliate Marketing to make big profits by promoting products and offers you have the expertise and passion for.
5) Multiple promotional methods for offers
Affiliate Marketing depends on building trust with your audience and providing them with benefit, but as a beginner in this field, you will not rely on all promotional methods together, but it is preferable that you choose one method to start with. Such as creating written content such as making reviews, writing articles, or others.
6) Speed of results
You can achieve income from Affiliate Marketing quickly depending on your effort, it is possible to achieve your first sale within only two weeks of starting your business, and of course this increases your enthusiasm to put more effort and time to achieve a larger and growing income.
7) Source of passive income
One of the best advantages of Affiliate Marketing is that you make a one-time effort in the beginning and then continue to get income, for example, you write an article or review products and add your links in this article, in this case you made a one-time effort to write this article.
Conclusion
Affiliate Marketing is the easiest side-hustle.
Someone else does most of the work:
- Product creation
- Funnel creation
- Copywriting
- Product delivery
- Product support
You just turn up, tell people about it & get a chunk of the profit