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Home » Affiliate Marketing: What it is and How to Get Started

Affiliate Marketing: What it is and How to Get Started

by LiveFromNaija
August 2, 2022
in Business, Finance
0
Affiliate Marketing What it is and how to get started

Affiliate Marketing

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Affiliate Marketing is one of the booming markets in Nigeria and even globally. Although it is a good gold mine, many people don’t understand it enough to benefit fully from it. Today, we will guide you on how to increase your income through Affiliate Marketing.

Yesterday, a 20-year-old female was thankful for fulfilling her dream of making a million Naira before her 21st birthday. When asked what her success story was, she pointed to Affiliate Marketing.

Affiliate marketing is a business venture where a company, organization, or business outfit pays a person or a third party an amount or a percentage for generating traffic to their product and services. The publisher in this case earns in some way from promoting a product from another retailer, taking a bonus, commission, or compensation from the effective sale of that product.

Affiliate Marketing programs

Affiliate marketing programs allow you the option of choosing the product and service that is best for you, one that you are comfortable with and able to market. There are various methods of marketing and distinguishing them is important to whatever work you will do. 

  1. Unattached

In the unattached form of affiliate marketing, the affiliate marketer also known as the publisher has no personal involvement with the product. The product has neither been tested nor is there a personal review being given of the product or service. Instead, the publisher puts up an ad or a link or a click ad on their website or blog and as traffic is increased, the interested client will likely click on the advertisement, make a purchase and you can get a commission.

  1. Related

Here, you make use of trust and the reputation you have built over a period of time. Most times, the products you’re publishing are not familiar to you and this can cost you the client base that you have built already. This is because the traffic you generate will purchase the product and/or service and will depend on your word so if the product is bad, it makes you look bad.

  1. Involved 

Here, credibility is the watchword and it takes some time to build it up. The clients see what they believe to be the effectiveness of that product when you use it and buy it based on the review that you give. This sort of marketing is most seen in skincare products. It’s the most sustainable type of affiliate marketing and although it takes some time to put together, it’s a great way to earn income, whether passively or actively.

Having understood this, here are some affiliate programs that are available for making money online.

  1. Blogging
  2. Instagram
  3. Pinterest
  4. Pay per click
  5. Tik Tok
  6. Facebook

Ask yourself some vital questions, like what programs do you use the most? What programs do you understand best and are able to reach people more on. Starting with a platform you are comfortable with will help you to perform better, reach a larger audience and turn it into potential sales.

Top Affiliate Platforms in Nigeria

How can you benefit from affiliate marketing in Nigeria? Many people hear that it depends on their ability to reach a crowd and immediately get unmotivated and move away to something more comfortable calm down and understand that just your presence on social media is a good platform and you can benefit massively from it.

In Nigeria specifically, there are some programs that are home-based. A good way to go into marketing for them is to check the website of the product you use and see if they have an affiliate program working. If they do, then you can apply to do marketing for them.

Here is a list of legitimate Affiliate Marketing programs in Nigeria. You can partner with them to promote their products and earn passive income.

  • Jumia Affiliate Program
  • Konga Affiliate Program
  • Payporte Affiliate Program
  • Wakanow Affiliate Program
  • Vconnect Affiliate Program
  • Web4Africa Affiliate Program
  • Bet9ja Affiliate Program
  • WhoGoHost Affiliate Program
  • Travelstart Affiliate Program
  • Dealdey Affiliate Program

Although at the start of this job, you will earn passively, with a little more effort and diligence, like the 20-year-old, you too can make this your primary source of income and oh, what a way to live!

Tags: Affiliate MarketingMarketing

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