When talking of starting an online business, and generating passive income, affiliate marketing is one business model that outshines all other business models when it comes to huge ROI in just a limited amount of time.
This means that you can start affiliate marketing in a week and earn money in that same week if you can market effectively.
Affiliate marketing is one online business model that has produced more financial stability in no short amount of time than every other online business model.
Being a middle man is one of the ways to make money in the 21st century. This has worked for people all over the years even before the dawn of the computer age and is still working up till now.
Selling as a middle man have become official and have been rebranded into Affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is the process of earning income every time you promote someone else’s products or services.
In a layman’s term If you generate a sale for the company, you get paid. If you don’t generate a sale you do not get paid.
Affiliate marketing in other words simply means selling for commission. You earn a percentage on every successful sale you make.
There are three main parties involved: The merchant. For example, a retailer selling products. The affiliate. For example, a product review website linking to products on the retailer’s site.
The consumer, who visits the affiliate site, clicks the affiliate link to the retailer’s website and purchases the retailer’s product.
Why You Should Start an Affiliate Marketing Business.
Affiliate marketing business is one online business model that has proven to be seamless and unstoppable in the information age; affiliate marketing allows you to get a reward for sharing useful information, it is a business model that has been around for a long period and is here stay.
Do you seek a stress-free money-making online business model? then you should explore the world of affiliate marketing.
Here are very few beneficial reasons why you should start an affiliate marketing business
1. You don’t have to create your product.
In a regular business model, you have to own a product to be able to sell one and make money, but affiliate marketing just abstracts everything, because, in the world of affiliate marketing, you make a profit by selling for other people products.
You don’t have to worry about product quality or packaging, all you need is some testimonials as proof and your approval, you are then good to make money.
2. You don’t need product research.
The second reason why affiliate marketing is beneficial to everyone is that you don’t have to deal with the stress of engaging in product research which can be time-consuming, all you need do is seek out an existing product in your most prefered niche and market them like crazy.
3. You don’t need to deal with customer support.
One aspect of every business that is very crucial is effective customer service, when customers buy from you and they don’t have anyone to guide them through the use of a product, they might never come back again, slowly such a business is gradually dying.
In affiliate marketing, you don’t have to worry about customer support because all will be carried out by the original creator of such a product.
Affiliate marketing gives you peace of mind, if there be any product guide needed, such a customer is referred to the direct manufacturer.
4. Affiliate Marketing is Free.
When people hear of affiliate marketing, they find it too hard to believe that it is a free business model and it does not come at an extra cost to get started, all that is needed is your undiluted attention and effective marketing strategies. The bottom line is, affiliate marketing is free.
5. You only get to focus on traffic.
As mentioned in the point above, all you need to scale your affiliate marketing business is traffic; an affiliate marketing business works online, so you have to focus your attention on getting enough traffic to be able to convert the sales you desire. In this article, I would be explaining the various method that can help you drive traffic as an affiliate marketer.
How To Start an Affiliate Marketing Business and Make Money.
To begin making money as an affiliate marketing entrepreneur, here are some of the useful tips that you might need.
1. Understand How Affiliate Marketing works.
Just before diving into affiliate marketing, you have to understand how this business model works to better achieves so much more in a little time.
Affiliate marketing can get rather technical, even for those well-versed in digital marketing. Fortunately, you don’t need to know all the details to get started.
Affiliate marketing can be seen as the process of spreading product creation and product marketing across different parties, where each party receives a share of the revenue according to their contribution.
It’s not just the promotion or just the product creation that defines who you are as an affiliate marketer.
You can be both the creator and the marketer and still profit from the underlying idea of sharing revenue.
From solo entrepreneurs to startups to massive Fortune 500 companies, anyone could be the merchant behind an affiliate marketing program. They don’t even have to be actively involved. They just have to have a product to sell.
The actual engineering behind every affiliate marketing program is the affiliate program software.
Just to give you a heads up on how affiliate marketing work here is a brief explanation.
When an affiliate registers the merchant’s program, he or she is given a unique ID and a specific URL to use when promoting the company’s product.
The affiliate includes the link in their blog post and/or via their email marketing efforts and invites readers to click it to find out more.
When a potential buyer clicks on the link to visit the affiliate partner’s site, a cookie identifying the affiliate is placed on the website visitor’s computer. The cookie guarantees that the publisher is credited with the referral sale even if it occurs days or weeks later.
Whenever a buyer executes the sale process, the merchant checks the sales record for a cookie identifying the source of the referral.
If the merchant discovers a cookie with an affiliate ID, the affiliate is credited with the sale. The merchant makes records open so that the affiliate can see their referrals (clicks) and sales. The merchant pays the affiliate commission at the end of each payment period (i.e. revenue sharing).
2. Choose your Niche.
Choosing your niche is also important when it comes to starting an affiliate marketing program.
There are so many affiliate marketing programs out there, the majority of which is niche-based, while others are centred around general stuff. Most times you may already have an existing audience that trusts you on a particular topic and it becomes easy to sell to them when you promote an affiliate marketing link them.
When it comes to choosing a niche, aim for something you’re passionate and knowledgeable about.
This helps you come across as authentic and as a trusted source of information for potential customers. It also helps you evaluate which products and brands you want to promote.
3. Decide on What Affiliate Marketing programs To Join.
You should know that there are so many affiliate programs out there and it is very wise not to invest your time and energy in all because not all are genuine as they claim to be.
Here are very few things to consider before you join an affiliate network or program,
1. Commission Rate.
The commission rate of any affiliate program is simply the amount entitled to you after an affiliate has completed a sale.
As an affiliate, you should always seek out what you intend to gain from every affiliate program you join.
This determines how much you can earn and whether or not such an affiliate program is worth your time.
The percentage of a sale that’s funded by an advertiser to an affiliate for referring a new customer. This percentage can range from the low single digits up to 50% or higher.
2. Earnings per click.
Not all affiliate programs pay you per click but you can be very lucky to find very few ones who are ready to compensate you on every click.
The income an affiliate earns for each click to an advertiser’s website from an affiliate link. This definition is a little misleading as the true definition of EPC calculates the amount per 100 clicks.
3. Cookie Duration.
A web cookie is a small piece of data sent from a website and stored on the user’s computer by the user’s web browser while the user is browsing.
Cookies were designed to be a secure tool for websites to retain stateful information on the user’s browsing activity such as clicks and other activities that are performed on a particular online platform.
They can also be used to remember absolute pieces of information that the user beforehand entered into form fields on the websites such as names, addresses, passwords, and, phone number and even credit card numbers, a perfect example where you might have seen cookies in operation is on your Google Chrome browsers.
In most cases, not all affiliate would convert immediately and this can be a very bad experience because you tend to spend a lot on marketing.
But with the help of cookies, referral link and information is stored by default on the browser so anytime the lead is ready to convert into sales then the link is automatically counted on your behalf.
For example, with a 90-day cookie duration, this means that if a user engages in such an affiliate link and performs a purchase within the period of 90days, the affiliate receives credit for the sale.
Standard cookie duration’s are typically 30 days. You can find programs as low as seven days and as high as 90+ days. Longer cookie duration’s are a standard feature of programs I recommend.
As stated in the section before now, It was clearly stated that affiliate networks are hosted platforms that allows you to promote other affiliate programs.
One thing I like about affiliate network lies in the fact that you get the chance to promote all other affiliate programs at once, and that way the overall effect is massive which leads you to higher earnings.
4. Join an Affiliate Marketing Program
With Affiliate networks, you have all your earnings stored in one place, and not scattered all across various affiliate programs, I highly recommend you sign up for more affiliate Networks than affiliate programs; even the majority of the affiliate programs are usually signed up on an affiliate network.
I curated a full list of affiliate Network that you can join, you should make sure to explore all of these after the other, trust me, it would save you a lot of time and stress.
1. Commission Junction.
Commission Junction is an affiliate marketing network that has been existing for over 10 years now; presently as I speak to you it has over 5,000 affiliate programs hosted on its platform.
When you sign up on Commission Junction, you get easy access to varieties of affiliate programs across various niches, and all you need do is apply to each of them and await responses from the advertisers, usually a response takes from 24 – 48 hours before a confirmation sent.
Before requesting advertising access for any advertisers on Commission Junction, you have to fill in some important personal and business info.
This informations are usually tax forms, Bank account info, addresses and so many others.
Payment is channelled via direct bank transfer, PayPal and Webmoney.
GET STARTED – CJ.com
TravelPayout is an affiliate network for travel affiliate programs all over the world, top travel affiliate programs like Bookings, Trip-Visor and Hotels directly make use of this platform to reach out to publishers all over the world.
All you need to get started is to go ahead and create an account with TravelPayout and request access from the list of advertisers shown to you, obtain relevant link and promote the hell out of it.
Payment on TravelPayout is done via Paypal, direct bank transfer and Webmoney.
Travel Payout is an exclusive travel affiliate network that connects with your major travel affiliate partners to help you make money, with Travel Payout you get instant access to the best travel affiliate programs including flights, hotel cars rental in one place.
Sign up is free and instant, you need not pay a dime, you also get multiple payment options such as Paypal, Wire bank transfer and many others.
GET STARTED- TravelPayout.com
Share-a-sale is another great affiliate network that has been around for a very long time; it is headquartered in the US.
Share-a-sale deals with so many affiliate niches such as Home and garden, furniture, businesses and many more.
Share-a-sale also partners with so many popular affiliate merchants such as Weebly, Zazzle and Hostgator.
With Share-a-sale you get access to various tools to promote your business such as product link, video creatives, banners and extensive real-time reporting.
One thing I hate about this affiliate network is the fact that they have a too rigorous signup process, and you are not likely to get approved.
GET STARTED- Shareasale.com
Rakuten was one of the first affiliate networks that I got introduced to back in the days of my early blogging; It was founded in 1997 and have paid out over $1 Billion in cash back to its 12 million members.
Rakuten deals with majorly eCommerce merchants, so if you love to shop regularly then this affiliate network would be very lucrative for you.
Unlike every other affiliate marketing networks, Rakuten operates in a different dimension, and this makes it easy for anyone with or without a website to be able to join and make money.
Rakuten currently with major eCommerce brands all over the world such as Adidas, eBay, Amazon, Micheal kors and so many others.
All you need to do to get started is to signup, install the official chrome extension, start shopping via Rakuten partner websites and start earning cash backs.
GET STARTED- Rakuten.com
ClickBank is an affiliate network that allows you to promote over 10K merchants from various categories; ClickBank is available in over 200+ nations all over the world, sadly Clickbank is yet to open its services to major countries of the world like Nigeria and India; So many Africans have been clamouring for this happen, but it seems like it will not be happening anytime soon.
ClickBank comes with comprehensive education and guides for newbies that are new to affiliate marketing to help them earn better.
All you need do is signup and start promoting your desired affiliate program, and make money.
Funds are sent via Check to your email and Paypal, Just hop in to click bank and check if it service is available in your country.
NutriProfit is a health only affiliate network that has been around for many years and is still going very strong. If you have a blog in the health niche, then this affiliate network is best for you to help you target potential affiliate programs and market great products.
You get access to health products from weight loss, detoxification, male and female enhancements, hair loss and many others.
Payment is made via Bank transfer, ePayment and Paxum.
GET STARTED- NutriProfit.com
The impact is another amazing affiliate network that every blogger should look out for.
Impact has over 1K affiliate merchants on its platform including, Bigcommerce, Canva and so many others.
Impact also comes with a sleek unique user interface that makes it very easy for newbies to navigates its website better.
Impact pays out its publishers using PayPal, Wiretransfer and many more.
The inbuilt Impact Marketplace makes it very easy to bid for advertisers and instantly get approved. Need to get signed up to Impact today? Click the link to get started now.
GET STARTED- Impact.com
I am going to be curating a list of high paying and sure affiliate networks based on their niche. You can pick any one that suits you well and sign up for their networks.
Do you know that there are over 1 Billion websites currently hosted in the world today? This simply implies that the Webhosting business is becoming very big and profitable.
8. Blue Host.
The Bluehost affiliate program is one of the very popular affiliate programs in the Webhosting niche. With their plans starting at $2.95/month and one-time payouts starting at $65+, the cost barrier is low, and the commissions are high.
By promoting Blue host, you’ll enjoy high conversion rates and have access to text links and banners to help them quickly. You need a minimum of $100 to be able to receive payments.
GET STARTED – Bluehost.com
Shopify is the world’s most popular eCommerce website builder, they presently have over 400k + active subscribers and a substantial 200% commission on paid stores.
Shopify is quite very popular, so many users would like to take them for a spin to try them anytime.
GET STARTED – shopify.com/affiliates
Weebly is an easy website builder with over 40 million+ users. It is not the most advanced website builder, but its drag and drop interface makes it very easy to build a quick website.
They offer a 30% recurring commission for as long as the customer is active, and feature a generous 120-day cookie.
GET STARTED – Weebly.com
Wix is another high-quality website builder with an insane 100 million users. They provide their affiliates with $100 per sale and feature a lot of great landing pages to use in multiple languages.
GET STARTED –
12. Wp Engine.
WP Engine is a web host platform that has one of the highest affiliate payouts, starting at $200.
Their program features incentives and pricing tiers. For ten purchases, you get $250. They also offer a two-tier program – you can earn $50 for any sub-affiliates you refer to their platform.
WP Engine offers a 180-day cookie duration, which gives credit for sales up to 6 months after visitors might have engaged your affiliate link.
The only difficult and the most difficult issue with this high-paying platform is that their services are quite expensive, which might be difficult for you to convert users.
GET STARTED –
GetResponse is a complete online marketing solution.
It provides newsletter publishing and hosting features, as well as unlimited follow-up autoresponders, landing pages, webinars, marketing automation, and CRM to deliver information to your contacts and convert them to paying customers.
GET STARTED –
14. Amazon Associate.
The Amazon Associate is an affiliate program for Amazon. It allows you to generate Referral Links, Banners and I frame widgets that can be embedded alongside your sales channels. Commission are distributed based on what you can sell.
There are various categories You can choose from, all have their various commission attached to them. The mode of payment is either direct bank transfer or PayPal. Amazon affiliate marketing program in most cases is favourable to US citizens.
You should bear in mind that Amazon associate is meant for both US and Non-US citizens.
GET STARTED – Amazonassociate.com
15. eBay Partner Network.
E bay is another giant e-commerce platform in the world with over 1 billion users worldwide.
You get to earn a commission based on any sale generated through your affiliate link.
Commissions are paid via PayPal and Direct bank transfer for US citizens.
GET STARTED – Partner program.
16. Ali express.
Chinese giant sales machine, Owned By Asian Billionaire Jack ma is another platform not to ignore.
Ali Express is one of the leading merchants in Asia with over 1 Billion sales annually.
The Chinese have a very cheap and affordable market which makes the world want to patronise it.
You can earn money also as an Ali Express affiliate by simply recommending sales and sending visitors through your affiliate link.
Payments can be made monthly but please note: the processing time for the order is 50-70 days i.e. every buyer you bring to Aliexpress makes a profit immediately, and you – only in 2.5 months.
After you’ve gone through a simple registration process, set up your profile and see what you will have to work with.
For example, you will need to get your website approved to place affiliate links by the program moderators.
Most often you will work with two tools of the affiliate program – Affiliate Link and DeepLink.
GET STARTED – Aliexpress.com.
17. Jumia Affiliate.
This is the AHA!! Time for any African or Nigerian to read this article because finally there is something in store for you.
Jumia is an e E-commerce platform based in Africa.
Jumia is presently operating in over 6 African countries which are. Nigeria, Ghana, Egypt, Morroco, Kenya, South Africa, Ivory Coast, Uganda, Senegal and Tunisia.
Jumia is mostly referred to as the Alibaba and Amazon of Africa because of their wide reach and audience, making it one of the first African-based companies to be listed in the US stock exchange.
There are over 5 Million sales on the Jumia platform monthly most of which includes external vendors from all over the nation.
You can become a middle man today for Jumia and Earn over $500 monthly on every sale generated through you.
Promotional materials include Banners and custom referral Links that can be embedded in Your website and sent throughout Your Social media pages.
18. SureBet Affiliate Program.
Commission: 5% on average
Cookie Duration: 30 days.
GET STARTED — Surebet247.com
Commission: Up to 10%
Cookie Duration: 7 days
GET STARTED – Fanatics.com
Commission: $25-35 per signup, 35% rev share for referrals’ first 2 years
GET STARTED – Fanduel.com
21. Sports Memorabilia
Commission: 9% of sales
Cookie Duration: 365 days
GET STARTED- sportsmemorabilia.com
22. TaylorMade Golf
Taylor Made is a golf affiliate programs
Commission: 5% of sales
Cookie Duration: 30 days
GET STARTED- taylormadegolfpreowned.com
23. Under Armour
Commission: 5% of sales
Cookie Duration: 30 days
GET STARTED- Underamour.com
24. Binance (referral program).
affiliate marketing vs network marketing
Commission: 20% of referral’s trade fees, 40% if holding 500+ BNB
Payout: Pay in real-time to Binance account
25. Coinbase (referral program).
Commission: When a user buys $100 of BTC, receive $10 of BTC
Earning period: Once per customer.
Booking.com offers flights, hotels, car rentals, and airport taxis. By joining, you get access to over 2.2 million properties, and they offer 4%, but there is a downside as the cookie expires when a user closes their browser.
You make money when a booking is successfully made. You can use Banner, links, maps and even a WordPress plugin for webmasters and bloggers.
GET STARTED- Booking.com
27. Travelstart Affiliate Program.
Travelstart allows you to sell cheap flights on over 500 airlines flying to more than 11,000 destinations.
You stand a chance to earn over 70% of the airline commission or profit with every paid booking when you sign up as an affiliate with Travelstart.
whether you are a travel agent, blogger or looking to make more money from your customers, you can sign up today for free and be on your way to earn money as a blogger.
GET STARTED- Travelstart.com.ng
Expedia is an important global travel brand that is the mother company of others on this list.
They allow their affiliates to promote over 260,000 bookable properties with 150 websites in 70+ countries.
You have to sign up to commission Junction to get access to their affiliate program
Hotels.com is another way to make money with hotels and they offer localized services with 85 websites in 35 languages.
affiliate marketing for beginners pdf
They also have over 15 million members in their rewards program. They offer 4% and 7-day cookie duration.
You have to sign up to commission Junction to get access to their affiliate program
GET STARTED- Hotels.com
30. Madison Reed
Cookie Duration: 30 days
Commission: Up to 10%, average is 3%
32. Ulta Beauty
Cookie Length: 30 days
33. BH Cosmetics.
Cookie Duration: 60 days
34. Eddie Bauer.
Commission: 5% per sale
Cookie Duration: 7 days
Commission: Up to 7.4%
Cookie Duration: 30 days
36. JNCO Jeans
Cookie Duration: 30 days
37. Lane Bryant
Cookie Duration: 15 days
Fitness Affiliate Programs.
Gaming Affiliate Programs
Expertnanire remains one of the topmost affiliate networks in Nigeria, It was owned by Toyin Omotoso, who holds the title of one of the top affiliate marketers and entrepreneurs in Nigeria.
Expertnaire is an online marketplace dealing mostly with knowledge-based digital products. It can also be defined as an online marketplace for the sale of high-value digital products. Note the words “ONLINE‘ and “DIGITAL” in those definitions. These digital products are high-value digital products created by top experts in their fields.
The Expertnaire Affiliate Marketing programme allows you to recommend these high-value digital products from top experts and getting paid for them.
Getting started as an Expertnaire affiliate remains one f the easiest things to do, just in case you have joined any other affiliate marketing program before.
For example, let’s say a product is N20,000 and the commission for the product is 50%. When you sell one, you get N10,000 which is half of 50% of the product sale price.
To start earning with Expertnaire, all you need so is
1. go to the Expertnaire product marketplace,
2. Browse through the products
3. Get your product affiliate link (it would look like this https://expertnaire.com/manager/product/6574234285/6665846829)
4. Promote this link using any digital channel such as blog, Facebook, Twitter, Instagram, WhatsApp, etc).
5. Also to remind you is the fact that you have to make a certain payment when signing up worth just N10,000 which gives you a year of access to the platform.
And in the end, When someone buys, you get your commission.
I wrote a comprehensive guide on how you can promote your product using Facebook, Twitter, Google Ads and many others.
GET STARTED – Expertnaire.com
5. Get The Requirements Needed And Tools.
Getting started as an affiliate marketer does not require any hassle at all, you are just going to need some very few things and they are;
1. website/ Blog.
Although you can participate without a website by adding links on social media, this works best for high-end social media influencers, and I always recommend having a website. I recommend you have a well-designed website with an SSL certificate installed for HTTPS.
You should own a business email address connected to your domain, and have a PayPal account set up.
2. Active Social Media Account.
Most affiliate networks do not make it mandatory to own a website to be approved into their network. An active social media account can do a lot provided you have a lot of engaging followers on it.
3. Bank account/ Paypal.
Affiliate programs and networks pay you at the end of a specific period after curating your sales and you must have a medium receive money – either a PayPal or a bank account.
6. Promote Your Affiliate Links.
It’s never enough to join an affiliate program and if you do there are still a lot to do to be able to make money off it.
I am going to be stating some very useful and highly important procedures and steps to help you promote your affiliate links.
A blog that generates traffic is enough to generate money via any affiliate programs, most times all you need do is to embed these affiliate links strategically in your blog post so as not to appear spammy or useless or even write a whole content to make recommendations, this way it makes sense and you can have willing customers.
Here is an article I recommend you read to create your blog.
Also, you are going to need a web host and a domain to power your blog and I recommend Bluehost to start with.
I wrote an article on how you can get started with Bluehost and I suggest you read it then come back to the recommended post above.
2. Email Marketing List.
Having an email marketing list is a must for every online entrepreneur if you want to record any success in your online business.
Your email marketing list would contain a more targeted audience that is interested in what you do and would likely want to hear from you.
Here is an article I recommend you read in other to get started with email marketing.
There is so much email marketing software out there but I recommend that you make use of GetResponse and this is more reason I suggest you use it.
I prepared a full article on how you can set up your GetResponse profile and start to groom your email marketing list and here is the link below.
Youtube is another great platform to promote your affiliate link most especially if your content is closely related to the affiliate product you intend to promote.
I did an article on how you can scale up your YouTube channel and I suggest you read it.
7. How Much Money Can You Make as an Affiliate Marketer?
There are no official figures because profits vary from niche to niche. Certain products are simply more expensive or in greater demand, while others are more suitable for passive income.
Generally speaking, if you start from scratch, without any meaningful internet presence, you will be making absolutely nothing in the first months.
It takes time to build a following and then some more time to build a sizeable audience.
You need vision, determination, persistence, and a pinch of luck to get noticed and to start earning well.
Here is my article on starting and building a blog with very good SEO
If you are a blogger and you want to get started with affiliate marketing you need to know that your website needs to be able to generate tons of traffic to help you make good money it.
Not only should your blog get traffic but it must be well-targeted traffic and I mean getting the right people to read your blog post.
This is why I recommend that you read this article on how you can master the art of search engine optimization and learn how you can write for search engines.
Affiliate marketing is expected to hit a 6 Billion dollar milestone in 2020 and this is the best time to dive fully. Just to equip you with the right knowledge I recommend you read this guide to help you start your blog.
Just before diving deep into the basics and hardcore part of owning a website or running a blog, allow me to assume that you at least have a basic knowledge of how a full website or a blog should run, so therefore it’s time to stop talking and start doing.
I decided to drop a dedicated article on how you can own an awesome domain name and a cheap web host with BlueHost and I recommend that you study and do what is advised in the article below.
Afterwards, you may return to fully digest the part you need to get started and stay on top of your game. Here is a link to the recommended article.
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