Affiliate Marketing in 2020

Affiliate Marketing in 2020 – An Exciting OpportunityAffiliate Marketing in 2020 Intro Image

Profits are showing a green light for entrepreneurs to build a thriving online business with affiliate marketing in 2020.
Analysts have forecasted cash flow to exceed eight billion dollars in affiliate marketing by the year 2022. Additionally, affiliate program sponsors have reported that around 15 percent of their sales are from purchases made through affiliate marketers.

What is Affiliate Marketing?

I grew up shopping in the traditional department stores where knowledgeable salespeople were available in-person to promote any product in the department.  The onset of the Internet has allowed in-store personnel to be replaced at least partially by online affiliate marketers. Those remote entrepreneurs promote products for advertisers by writing blogs to educate buyers about specific products and services.

How Does Affiliate Marketing Work?

Affiliate marketers connect the seller with the customer. This is done by attracting traffic to your website and promoting products or services that are in your niche market. As an affiliate marketer, you don’t even need your own inventory of products to sell. You simply need the following to launch your online business:
• A product or service niche
• 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.
There are a number of ways to get paid: by the sale, lead, click based on your affiliate agreement with the product seller.

 

How Do I Get Started?

Building a business takes work, time and patience. The opportunities for financial growth are astronomical. Here are the steps to getting 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.

Thank you for browsing my website. Feel free to share your thoughts or questions about Affiliate Marketing in 2020 below and I will respond to all of them.

Affiliate Marketing in 2020 - Selfie
Larry

Bibliography
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/

 

 

2 thoughts on “Affiliate Marketing in 2020”

  1. Thank you, Larry
    I appreciate all the information you have shared on affiliate marketing in this article, how would I get more information from you on more details if I wished to contact you

    Jeff

    Reply

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