First Advantage of Affiliate marketing is NO PRODUCT CREATION!
When you take advantage of affiliate marketing you are in for some great content, ideas and products you won’t have to create. Creating a product, especially a product that has value, takes a lot of work, and a lot of time.
When a product creator gets started they have to think of the end user. They also have to think of the affiliate! If the product they create is shit, it won’t take long to fall to the bottom of the marketplace. As an affiliate marketer YOU have the power and responsibility to ensure that ONLY quality products get sold.
Creation of a product involves a lot of different steps. There is research, outsourcing, licensing, time, and a team of people. Creation of a product can be cost prohibitive for someone starting out. Product creation is the main long term goal of any affiliate!
Affiliate marketing has almost NO COST to start
You can join affiliate networks, or brands at no cost! This method is a win win for the vendor and the affiliate. The vendor has free additional advertising, and the affiliate has a product to promote.
When you are searching affiliate products and brands, find products you know about. Only promote things you are willing to buy, try out and then talk about! Becoming a subject expert will be covered in a later post!
Affiliate marketers have to ensure the products they promote solve the problems of a target audience. Promoting affiliate products can also be done at no cost. This requires investment of time and energy into social media marketing, also a topic I will cover later on!
Vendors provide excellent tools
Include a search for affiliate resources when you are searching products! The advantage to affiliate marketing is that promotional material is already made. Just enroll, and promote it to your list.
Do not just copy and paste though! Take the time; read it, edit it, make it your own! Find a copywriting tool and alter it so that it is original. Better yet take the time to spin it yourself!
Learn how to be a marketer! Your creativity will increase your success. Affiliate marketing has a lot of competition. Be the expert in your niche. Build trust, and solve problems.
Another Advantage to affiliate marketing is NO customer service
One of the biggest advantages to affiliate marketing is once the sale is made. You don’t have to deal with any of the headaches of customer service! The truth is people complain! That’s just human nature! Affiliates don’t have to worry about product issues, the vendor handles all complaints.
I have to mention one disadvantage here though. If the vendor gives a refund they take their commission back. Make sure you are promoting products that have a low refund rate! You will never get a zero refund rate. With proper research and planning you can minimize refunds. This ensures your profit margins remain high!
The Final advantage is high commissions
If you have ever worked a commission type job you will know commission rates are usually low. Commission rates of twenty percent are classified as high commissions. In affiliate marketing the same can be true for some of the companies. However products in digital marketing, commissions range from fifty percent to ninety percent.
This advantage makes affiliate marketing quite lucrative for the beginner, intermediate or experienced marketer! As you look for products to promote, check the commission rates. Does the product have upsells? Those are handled inside the vendor funnel. So you will get commission on most of those as well with no extra work!
If you are considering affiliate marketing…
If you are considering affiliate marketing as a possible route for you to earn a side income or even replace your income, I would recommend you follow my Facebook page called Paul Harvie Marketing by clicking that link.
I am using that page to teach people the ins and outs of affiliate marketing and online marketing. I recommend obviously gathering as much information as you can as you learn. I heard a friend of mine say the other day that it just made sense to find a place to learn how to do affiliate marketing the right way rather than flounder around on my own.
Please comment below or drop me a message if you have questions or thoughts you would like to share! And remember CLICK HERE to follow me on Facebook.
Also check out my article “5 Incredibly Important Musts To Build Your Successful Brand” to learn how to build a successful and powerful brand.
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