Last week I discussed on the Proven ways to make money online, Today we will talk about affiliate marketing.
when it comes to affiliate marketing earning money (commissions) every time you promote a company’s products or services and drive a sale is just what affiliate is all about.
making money even while you sleep is the joy of affiliate marketing. Passive income isn’t it?
Trying to learn affiliate marketing in Nigeria means you’ve seen the potentials of this business or you’ve probably seen success of others or you just want to try a new thing.
But this you must know, to truly make that passive income happen, you seriously need to put in some work. There are various steps you need to take before you can actually make your first income.
And trust me… these steps are not so passive!
However, if you’re determined to put in the effort, you’re already on your way to success.
Recommended: 5 People You need to be successful in life.
Want to understand what is Affiliate marketing step by step?
Keep reading to learn everything about this popular passive income method.
What is Affiliate Marketing?
Affiliate marketing is the process of earning a commission or make money by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
There are 4 different parties involved in affiliate marketing:
- The Merchant (Advertiser, Seller)
- Publisher and
- The Customer.
However, when it comes down to the actual marketing, there are 2 sides of an affiliate equation: the product creator(Seller) and the affiliate marketer(You).
Getting pretty weird and confusing huh? Let’s break it down.
let’s look at all parts of a successful affiliate marketing system. (What makes Affiliate Programs complete)
1. The Merchant (Advertiser, Seller):
Sometimes also known as the creator, the brand, or the vendor. This is the party that creates the product. Anyone could be the merchant behind an affiliate marketing program.
They don’t even have to be actively involved. They just have to have a product to sell then make it available for affiliate networks so affiliate marketers can sign up and promote the products.
2. Publisher (YOU):
This party is sometimes also known as the Affiliate. Affiliates can also range from single individuals to entire companies.
This is where the marketing happens. An affiliate promotes one or multiple affiliate products and tries to attract and convince potential customers about the value of the product so that they can end up buying it.
3. Customer (BUYER):
Also call consumer, the make the affiliate system go ’round. Without sales, the won’t be any commission and revenue to share.
In simple terms… No customer!! = No money!!
The affiliate will try to market to the consumer on whatever channel they see fit, whether it be a social network (Facebook, WhatsApp, Instagram etc) or through a search engine using content marketing on a blog (this is what I do).
4. Affiliate Network:
Not everybody considers this part of affiliate marketing but putting them into consideration can be of help.
Think of affiliate Network as Ware house full of different goods for sale, this ware house gives you the opportunity to choose any products to sell.
Affiliate networks often offer reporting tools, training, and other resources to help you become a successful affiliate marketer.
How to start affiliate marketing in Nigeria
Now that we know what affiliate marketing is all about, how can you start one, what are the benefits of affiliate marketing, Affiliate marketing FAQ.
continue reading to see how this will change the price of garri in the market.
How to read and understand? Read and come back to read again. That’s how you’ll make it stick.
Steps to start Affiliate Marketing in Nigeria:
- Choose your affiliate niche
- Start a blog
- Create quality contents
- Monetize your content with affiliate programs
- Promote your content
Step 1: Choose Your Affiliate Niche
When starting an affiliate marketing business in Nigeria or any part of the world, you need to choose a specific niche that you find interesting to yourself. Or at least passionate about.
I know it could be difficult finding a specific niche that you think is interesting to you or something you think you’re passionate about.
what is really a Niche?
A blog niche is a specific topic you’ll write (or create other types of content) about on your blog. Or A niche is a highly specialized market. For example, a niche product could be Telephone from the technology niche.
Click here to learn more about niche: Choosing the perfect niche.
Step2: Start a blog
Now that you’ve done your research on your affiliate niche. The next thing you have to do is set up a blog to promote your affiliate programs.
Building a blog around your affiliate business is what makes it a recurring income. A blog makes it possible for you to make money from the previous works you’ve done even while you’re not working again.
To have your blog site up and running, you need to follow these few steps:
- Get a domain name
- Pay for hosting
- Install WordPress or other cms (content delivery Network)
- You are good to Go!
Click here For a step by step GUIDE to start a blog
Step3. Content Creation:
Now that you’ve set up your blog the next thing is to start creating content for people to read on your blog.
Writing your first article might be scary but trust me the first one is always the hardest. Be consistent with your writing. The more you write the better you get. That’s just how it works.
Click here for details: How to create quality content
Step4. Monetize your content with affiliate programs:
This is the part that defines you as an affiliate marketer where you get to promote affiliate offers on your website.
As a marketer, you will need to promote your content, the purpose of generating traffic is the more traffic you get equates more money for you.
The following are ways you can use to promote your content:
- Social Media (Facebook, Instagram, Twitter, etc)
- Guest Posting
- Paid advertising
- Sending emails to subscribers
Can I do affiliate marketing without a blog?
No and Yes…
Yes you can start affiliate marketing without having a blog…. How?
You can make money with affiliate marketing without a website only if you promote products on Facebook, Twitter, Youtube, Instagram, WhatsApp, YOUTUBE and other popular social media outlets.
The only down side is that it requires a lot of time, perhaps you would have spent 5 month making a $100 through affiliate marketing using a blog but without a blog you will spend 1 year(12months) making that $100. Nevertheless it depends on your hardwork anyway.
Affiliate Programs in Nigeria
Below is a list of places you can start making your cool cash
Amazon Affiliate Program
Fiverr Affiliate Program
Commission Junction (CJ)
Spocket Affiliate Program
Wakanow Affiliate Program
PayPorte Affiliate Programm
Konga Affiliate Program
Envato Affiliate Program
MarketHealth Affiliate Program
Admitad CPA Network
Binance Affiliate Program
Luno Affiliate Program
IQ Options CPA
BENEFITS OF AFFILIATE MARKETING
- Low Start-Up Cost
- Quick passive income
- No Limit to Your Income
- Multiple income source
Affiliate Marketing Frequently Asked Questions
How do I become an affiliate marketer in Nigeria?
To become an affiliate marketer in Nigeria is simple, you just need to choose a niche, register for an affiliate program, choose an offer and start promoting it.
Is affiliate marketing easy?
Affiliate marketing is quite logical and also a flexible business model that can help create multiple streams of income if you know the ropes. However, you should understand that it’s not a get rich quick scheme, but will require your dedication and consistency.
How much does it cost to join an affiliate program?
There is no charge for joining an affiliate program, however, your total cost depends on what promotion technique you are using.
I hope you find this ultimate guide about affiliate marketing helpful, if you have any questions or contribution please leave it in the comment box below and don’t forget share this piece of information with Friends and family members.
WHAT ELSE DO YOU NEED?
- How to Start Affiliate Marketing With No money
- 8 HOT Affiliate Marketing Programs in Nigeria Today
- 10 Types Of Digital Marketing Channels You Should Know!
- How Do You Use Affiliate Links Correctly?
- 10 Pay Per Click Affiliate Programs To Make Money
I am Law P (Lawrence Patrick), Affiliate Marketer, Education Consultant, SEO Expert, Web & Software Developer.