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The following article was published in our article directory on March 27, 2020.
Learn more about SpinDistribute Article Distribution System.
Article Category: Internet
Author Name: Matthew Shofoluwe
Here are the 3 simple steps for newbies to start in affiliate marketing.
Affiliate marketing is a method of advertising a company's brand, products, and services using third party publishers. These third party publishers are called affiliate marketers – or simply affiliates.
These publishers don't handle the product directly but they earn commissions when they promote the company and its products. Their role is to produce sales, leads and generate traffic for the company.
Amazon has made this marketing model quite successful. Bloggers and website owners earn commissions when they discuss, review, and recommend products. This has helped Amazon and its affiliates generate a lot of income.
If you're interested in this way of making money online then here are the first three steps to get you started.
Step 1 – Find a Niche Market
The first step is to find a specific niche market. So, what's a niche?
A niche market is a subset or a smaller segment of a larger market. So, let's say you want to sell vitamin supplements. That is a huge market but within that market are smaller and more specific markets.
From that major market you can pick a smaller subset such as Vitamin D3 and calcium supplements for the people age 40 and up. You can segment or define your niche by using several factors:
Geographic (buyers in a specific area)
Psychographics (interests and attitudes)
Quality level (premium, cheap, moderate, high, low)
Demographics (age, gender, income level, level of education)
Price (high, moderate, cheap, bargain, discount)
Step 2 – Find Products That Have High Conversion Rates
Simply put, products with high conversion rates are those that sell. To identify these products you need to find a company that has a good affiliate marketing program. Note that there are many affiliate networks out there—not just Amazon.
We call these companies as vendors. They may or may not produce the products themselves. For instance, Amazon doesn't actually manufacture all of the products that you will see on their online store.
Not all products are tangible. Some products are digital like instructional programs for guitar playing, marketing, eBook writing, singing, designing, programming, etc.
When choosing products to sell along with the affiliate marketing program to join, you should consider the amount and type of support that the vendor is willing to give you. This support can include articles, reports, traffic monitoring tools, advertisements, banner ads, and text links to name a few.
Look for 5 to 10 affiliate vendors with affiliate marketing programs. Check out if there is a market for those products and determine the level of support the vendor is willing to give you.
Select the vendor and products that you believe you can market and profit from.
Step 3 – Create a Website and Start Promoting
The last step is to create your marketing website or portal and start promoting the products and services of the vendor that you have selected. This is not a one step process since you will need to develop your site from scratch.
You will also need to increase the traffic into your site so you can promote products and services effectively. You can use several tactics to get that done such as SEO and social media marketing.
Conclusion
And those are the 3 simple steps for newbies to start in affiliate marketing. Remember that there are a lot of other things that you need to do to succeed in this business.
Keywords: Internet Marketing, Affiliate Marketting, SEO, Marketing Promotions, Marketing Strategy
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