Affiliate marketing could be a great way to generate extra income, is it for you?;

Affiliate  Marketer – earns a commission for marketing another person’s or company’s products. The affiliate promotes and earns a piece of the profit from each sale they generated. The sales are tracked via affiliate links from one website to another.

What are the reasons to become an affiliate marketer?

Affiliate marketing is a popular strategy to drive sales and generate significant online revenue. Extremely beneficial to both brands and affiliate marketers, the new push towards less traditional marketing tactics has paid off. In fact:

• 81% of brands and 84% of publishers leverage the power of affiliate marketing, a statistic that will continue to increase as affiliate marketing spending increases every year in the United States.
• There is a 10.1% increase in affiliate marketing spending in the United States each year, at this rate by 2020, that number will reach $6.8 billion.
• In 2018, content marketing costs were gauged to be 62% of traditional marketing schemes while simultaneously generating three times the leads of traditional methods. In fact, 16% of all orders made online can be attributed to the impact of affiliate marketing.
• The affiliate marketing of Jason Stone, otherwise known as Millionaire Mentor, was responsible for as much as $7 million in retailer sales just in the months of June and July in 2017.

(Source; bigcommerce.com)

The benefits;

To generate a Passive Income stream the affiliate marketer will need to invest time and have some sort of a marketing budget along with social media navigation skills or develop them in order to make this work. Typically those who are social media savvy and active or already have a large following may be in a position to promote their offer (affiliate link) with a minimum out of pocket advertising budget. Since the link goes directly to the merchant or the seller of the product, there’s no customer support or service to worry about. The merchant will deal with the consumer directly. This is a huge benefit for the affiliate, enabling them to stay focused on promoting and monitoring their campaigns.

Affiliate links are everywhere, found within blogs, articles, forums, social media posts and advertising. If on a blog per example, it means the site where the blog reside still needs to be marketed in order to found. Paid on performance, the affiliate marketer has to be creative to get people to press that link. So the context of the content around the affiliate links has to be compelling whether they promote products or services through a blog or advertising.

Affiliates with a specific audience will market products or services relevant to that audience’s interests. This creates a defined niche or personal brand that helps the affiliate attract consumers who will be most likely to act on their promotion. The other question I would ask myself is if the product has staying power. You save tremendous amount of time if you don’t need to reinvent the wheel every week. Something to think about if this is to be a part time gig.

Some seller will pay their affiliate per sale, some will pay per lead, others per click depending on the nature of their products or services or their overall objectives. You’ll find most link to businesses with affiliate/partner program in the footer of their site. Take the time to explore and check how much it pays. The ones that are serious about their partners program will provide banners, images and some videos you can use to promote them. Now you can spam people, but it is highly recommended you learn the proper ways to introduce a product or service. Landing pages or lead capture tools are also to be considered. And let’s not forget the post-click page . According to getcake not enough affiliate use them, yet it increases the conversion ratio of any campaign considerably. Evaluating the results of each campaign is a must to perform the proper adjustments and insure growth. The more this activity is treated as an integral part of your business the more it’ll pay off.

Many recommend to start with only 3-5 products or services, others say no more than 3. Until you figure out what works, it may be overwhelming to keep track of it all.

Most links on Ritzy Essentials are tests and fillers while we are in building mode. These links are not representative of how to do this efficiently. Affiliate marketing is a great way to generate additional income, but like anything worth doing, it does require a level of dedication and depending on your familiarity with the online world the learning curve may add to the amount of hours needed to get going. Here are some of the challenges to consider when starting as an affiliate marketer;

The potential for generating substantial revenue is certainly real. But one must evaluate how much time, patience and money they have before jumping in.