When you hear someone talk about affiliate marketing, it sounds enticing, attractive, probably even mind-blowing. They put it in the simplest terms that make it look like an easy way to make easy cash. It’s everyone’s dream to make money while they sleep, who would reject that. Sounds cool.
Starting a career in affiliate marketing sometimes comes with high hopes. Most people are caught already calculating how much they will earn at the end of a particular month.
Is it wrong to want to earn as much income that you can decide not to work again for a long time?
The answer is NO and that is why we have highlighted ways you can find a profitable niche and what you need to know about affiliate marketing. Your Journey to earning as an affiliate marketer starts when you identify a product that you or a potential customer enjoys and decide to promote the product. Your earnings start once you can make a sale. Most Affiliate programs give commission per signup or sale. For CredPal, you make 200 for referral, 1000 naira for approval, once you recommend someone that signs up on our app and requests our credit services. This commission differs for different industries, however, CredPal’s is very competitive and brings more benefits to its affiliate because of the demand for the product.
Let’s look into the relationship that exists within an affiliate marketing structure.
The Business/Product
The Business owner is someone who has a product that is ready to go to market. These products come in several forms. These businesses do not necessarily have to be directly involved with Marketing but could be an advertiser or an affiliate marketer, earning majorly through Affiliate Partnerships.
The Affiliate Marketer
The Affiliate Marketer is anyone, an individual, or an organization who markets the product to potential customers. These people help in promoting the products. Most Affiliates have specific market segments they target.
The Customer
The customers are the center of any affiliate marketing endeavor. They are the contacts of an affiliate marketer. The marketer readily shares the product on blogs, social media to target customers. Once a customer signs up on a product, there is a commission that goes to the affiliate. This has the potential to increase based on the number of signups.
How do you then find a profitable niche?
Begin by doing your research on a particular area or niche you would like to explore. An example could be, easy access to credit for Nigerians which CredPal already offers.
You can use tools like Quora to narrow your options to the one that most suits you.
You can google to further search for keywords in your area of interest.
If you are interested in CredPal’s product, you should sign up now.
