Affiliate Marketing in 2020 – An Exciting Opportunity
What is Affiliate Marketing?
How Does Affiliate Marketing Work?
• A website
• A blog that describes the features, pros, and cons of your product or service
• Links to the product or service on the merchant’s website. You refer people to merchant websites with your exclusive affiliate link. When people click on your link and purchase, you earn a commission. Commissions larger than your customer acquisition costs are your affiliate profits.
How Do I Get Started?
- Decide on a niche market that interests you. See Finding My Niche Market for more information.
- Join a reputable affiliate program.
- Construct a website featuring informational blogs and product/service reviews for products within your niche.
- Join a seller’s affiliate program or an affiliate network.
- Place the links on your site.
- Earn income from sales that are launched from your website.
All these steps and much more are covered in the training offered by the affiliate program.
What is an Affiliate Network?
An affiliate network is a collection of vendors who are referred to as “Advertisers.” Affiliate marketers who apply for membership in affiliate networks are known as “Publishers.” An affiliate network acts as an intermediary between publishers and merchant affiliate programs. It allows website publishers to more easily find and participate in affiliate programs that are suitable for their website and allows websites offering affiliate programs to reach a larger audience by promoting their affiliate programs to all of the publishers participating in the affiliate network.
Affiliate networks have many benefits compared to looking for new programs to join. An affiliate network plays a fundamental role in acting as the middleman between advertisers and publishers. The network develops a site where thousands of merchants are connected with affiliates who then apply to their programs.
What Makes a Successful Affiliate Marketer?
A search on Amazon will produce thousands of books on affiliate marketing. However, none of them replace world-class training and a great support system. Wealthy Affiliate offers excellent training and support from a community of affiliate marketers that have helped over 2 million people get their start in the affiliate marketing business.
Affiliate Marketing in 2020 and Beyond
In the future, affiliate marketers will enjoy the use of new techniques to promote their links and best their outdated competitors. The future of affiliate marketing depends on individuals who can adapt to a fast-changing industry. The future of affiliate marketing involves a focus on enriching user experiences with pay-per-click and blog marketing. Then with marketing extending to smartphones, affiliate marketing will continue to grow and offer the opportunity to earn income from anywhere you are on the planet.
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99firms (2019, April 6). 23 Affiliate Marketing Statistics to Help You Up Your Game in 2020. Retrieved from https://99firms.com/blog/affiliate-marketing-statistics/
Biggart, Amy. (January 24, 2017). Digital Marketing in 2020: Future Marketing Trends to Watch. Retrieved from https://www.conductor.com/blog/2017/01/the-future-of-marketing/