Do You Know Affiliate Marketing?

Do You Know Affiliate Marketing?

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Published
2022-Apr-20
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Affiliate marketing is getting popular. Statista estimates the affiliate marketing industry will be worth $8.2 billion by 2022, up from $5.4 billion in 2017. It is a relatively easy way to start a business without putting too much effort and a good way to make some extra money based on resources you already have.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

Two ways to start an affiliate business

1. Build a new platform

If you don't have any platform, for example, a website, a blog, or social media, you need to build a new platform to post your affiliate program. The new platform could be a website or a new social media account. Successful examples are Wirecutter and BuzzFeed.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication
 suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication
People who want to build an e-commerce platform will choose this way to start an affiliate program. They want to sell products they choose, and successfully, they can build a brand for the platform.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

2. Join an affiliate program with an already existing platform

This way suits those who already have a platform with stable traffic. It could be a blog, a social media page, a KOL, a podcast, and so on. A platform with existing traffic is the best marketing place for affiliate programs. That's why many websites are focusing on increasing traffic and later they can sell advertisements or join affiliate programs.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

Three types of affiliate marketing 

1. Irrelevant

This type of affiliate marketing is selling anything that offers a profit. The affiliate marketers don't care about the products or services of the affiliate program. They post it on the platform and get profit accordingly.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

2. Relevant but not using

This type of affiliate marketing will choose which product or service be posted on the platform. It often shares the same audience base. Relevancy will also increase sales. However, the marketer will not try the product or service. Therefore, they might not know its quality, and may lead to an unpleasant shopping experience for the audience.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

3. Used and connected

This type of affiliate marketing is the best strategy among the three types. The marketer tries the product, feels good and sells it on the platform. In this way, the marketer will usually connect more with the affiliate program it participates, and the audience will connect to the product more. suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

Hardships you may encounter

Even though affiliate marketing seems promising, it will be a difficult trip if you need to build it from scratch. Below are the obstacles you might encounter during the process. suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

1. It takes time and patience

Building something from the beginning can be very hard. We are in a world with plenty of supplies, and it is hard to stand out, especially when you are selling someone else's product and you're not the only one who sells it. Therefore, you may experience a long period of making efforts and no results. Just be prepared for the possible situation.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

2. It takes research and effort

Many things you need to learn to do a successful affiliate program. It is not just posting a product on your platform. You need to find ways to do the marketing and get a result. You need to learn how to make your product stand out, even though it is from an affiliate program. suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

3. It takes resilience

Roma was not built in a day. So does your affiliate program. It takes your constant efforts to build a profitable affiliate program. Many affiliate marketers give up along the way. The winner lasts the longest time. suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

Conclusion

Keep optimistic, be prepared about the possible obstacles you might encounter, and learn enough skills for good practice. You will become a successful affiliate marketer.suBSMS Service, A2P SMS, Global SMS, BUKA Cloud Communication

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