wealthzone - Tumblr blog

wealthzone · 2 years

Text

WATCH MY ALL LIFE STORY BIGGNER TO MILLIONAIRE IN 2 YEAR https://youtu.be/Wvk8Pd8BYXU

n today’s hyper-digitalised world, if you aspire to start a passive income stream from your online activity to complement your monthly paycheck or simply wonder how you could make money online without really worrying about developing a product of your own, you are not alone. One of the most efficient ways to do this is to collaborate with businesses to help them reach a wider customer base and start an income source in the process. Crucially, this collaboration is irrespective of whether or not you have your own business. WATCH MY ALL LIFE STORY BIGGNER TO MILLIONAIRE IN 2 YEAR https://youtu.be/Wvk8Pd8BYXU

If you aren’t participating in affiliate marketing, it’s time to consider taking advantage of this lucrative revenue stream.

youtube

What is affiliate marketing? How is affiliate marketing different from influencer marketing? How does affiliate marketing work? How to find affiliate programs? Tips to promote your affiliate offer Examples of successful affiliate marketers in India Ready to get started with affiliate marketing? What is affiliate marketing? Affiliate marketing is the process of making money online every time a customer purchases a product based on your recommendation. This is an online sales tactic that allows you – ‘the affiliate’ – to earn a commission and helps the product owner increase sales. At the same time, it makes it possible for affiliates to earn money on product sales without creating products of their own.

Simply put, affiliate marketing involves referring a product or service by sharing it on a blog, social media platforms, or website. The affiliate earns a commission each time someone makes a purchase through the unique link or code associated with their recommendation. Do it right, and this performance-based opportunity can be a source of additional income or help diversify the revenue streams of an existing business.

How is affiliate marketing different from influencer marketing? If an affiliate is redirecting customer traffic to a merchant’s website, doesn’t that qualify as influencer marketing? While there is indeed a natural overlap between affiliate marketing and influencer marketing, they are not necessarily the same. It is important to understand the differences between the two and how each of them works in order to maximise the revenue-generating opportunities offered by both.

Influencer marketing is a collaboration between brands and individuals who already have a sizable audience (or influencers), where the individuals are paid to endorse or promote the brand or its products/ services. It is a marketing strategy by which brands reach their target audience and try to ‘influence’ their purchasing behaviour.

With affiliate marketing, brands incentivise affiliates to promote their products/ services online by offering a commission for every sale they cause. i.e. the affiliate receives a commission if a visitor purchases the product from a link (or code) unique to the affiliate, published on their website or channel.

In influencer marketing, the number of followers, social media impressions, and interactions measure the ‘engagement’ that an influencer could generate. This is a key factor that determines the amount paid to the influencer based on their quote, whether or not the influencer activity actually leads to sales. Typically, influencers are paid a one-time fee, or a per post/content fee, for the activity.

On the other hand, in affiliate marketing, site traffic, sales volume, and average order value are the bases on which the affiliate gets paid a commission. This may be a pre-decided percentage of the product sales effected by them or a flat-fee commission. This means, affiliates get paid on achieving a business outcome for the brand, whereas influencers are paid for the work they put in. https://youtu.be/Wvk8Pd8BYXU While these distinctions hold true, the similarity between successful influencers and affiliates is that both produce engaging content that resonates with their audience and instils a sense of trust. Therefore there is often an overlap between the two.

How does affiliate marketing work? How does affiliate marketing work? https://youtu.be/Wvk8Pd8BYXU

Find and join an affiliate program Choose which offers to promote Obtain a unique affiliate link or code for each offer Share those links or codes on your blog, social media platforms, YouTube channel or website. And you collect a commission anytime someone uses your links or codes to make a purchase. Commission rates vary dramatically, depending on the company and the affiliate program. At the low end, you’ll earn about 5% of the sale but, with some arrangements, you can earn as much as 25%. In some cases, affiliate marketing programs provide a flat fee per sale instead of a percentage.

Benefits of the affiliate marketing model Affiliate marketing offers several benefits to you as an affiliate, one of which is its ease. Your side of the equation simply involves handling a part of the “marketing” side of the product’s success— i.e. educating customers. You don’t have to worry about the harder tasks, like developing, supporting, or fulfilling the offer.

Affiliate marketing is low risk. Since there’s no cost to join affiliate programs, you can start making money with an established affiliate product or service without any upfront investment. Also, affiliate marketing can generate a relatively passive income through commission. Though initially, you’ll have to invest time creating traffic sources, your affiliate links can continue to deliver a steady paycheck.

Finally, successful affiliate marketing offers the potential to significantly scale your earnings without hiring extra help. You can innovate to reach out to a wider audience while your existing work continues to generate revenue in the background.

Here’s an example to prove the point: Ankur Warikoo introduced a giveaway gifting 12 products through product recommendations on Twitter. https://youtu.be/Wvk8Pd8BYXU

youtube

Interestingly, two weeks later he revealed in a Twitter thread how he earned through affiliate marketing to help a young 2nd year college student to pay her full tuition fee – an exercise that helped him show the power of affiliate marketing.

0 notes

wealthzone · 2 years

Text

Affiliate Marketing

WATCH MY ALL LIFE STORY BIGGNER TO MILLIONAIRE IN 2 YEAR

START YOUR JOURNEY :

PRODUCT URL : http://tinyurl.com/affilite

If you aren’t participating in affiliate marketing, it’s time to consider taking advantage of this lucrative revenue stream.

youtube

PRODUCT URL : http://tinyurl.com/affilite

How does affiliate marketing work? How to find affiliate programs? Tips to promote your affiliate offer Examples of successful affiliate marketers in India Ready to get started with affiliate marketing? What is affiliate marketing? Affiliate marketing is the process of making money online every time a customer purchases a product based on your recommendation. This is an online sales tactic that allows you – ‘the affiliate’ – to earn a commission and helps the product owner increase sales. At the same time, it makes it possible for affiliates to earn money on product sales without creating products of their own.

How does affiliate marketing work? How does affiliate marketing work? https://youtu.be/Wvk8Pd8BYXU

Here’s an example to prove the point: Ankur Warikoo introduced a giveaway gifting 12 products through product recommendations on Twitter. https://youtu.be/Wvk8Pd8BYXU

youtube

Interestingly, two weeks later he revealed in a Twitter thread how he earned through affiliate marketing to help a young 2nd year colleg

PRODUCT URL : http://tinyurl.com/affilite

1 note · View note