The affiliate marketing niche is expected to generate more than $12 billion dollars in 2022, and up to $15.7 billion dollars in 2024!!
So it’s no wonder that a large number of people looking to earn money online are hopping onto the bandwagon.
Starting affiliate marketing in 2022, and any year is easy.
All you need to do is:
- Select your niche from the three main niches-wealth, health or relationships
There is a reason for these three being the main niches to choose from.
They are evergreen niches, meaning that people will always have a need for, and want to buy something from these niches.
So investing in the right products and using the right affiliate marketing strategies will indeed form a formidable online earning opportunity.
- Decide on a product you have either bought, used or understand thoroughly enough to promote
This is important because when you promote the product, people will want to know more about it. You will either have to share content about using the product, or be able to hop onto a call and explain its working to them.
and the best and only way to do this by using it yourself.
- Promote a high ticket product or program
It is better to promote a high-ticket product than something low ticket as both require the same efforts.
You have to spend the same time and effort promoting a low, or high ticket product.
But you end up getting a higher commission if you manage to get high-ticket sales.
- Start promoting the product
You can start promoting using free organic marketing strategies or paid ads.
The difference between the two lies in the time and effort spent.
You have to spend more time and no money if you opt to sell your product using organic marketing strategies including email marketing. You generally have more control over who may buy as you personally interact with each person.
However if you opt to use ads, you have to spend money buying ads.
And if you don’t know how to use ads properly, you may end up spending unnecessarily on the wrong ads with the wrong keywords.
Besides, you have no control on who may or may not buy as you have to just keep trying and spending on ads until someone engages with it.
- Put in the hard work regularly, and persistently
Affiliate marketing IS NOT a make money overnight scheme.
You need to put in the efforts, and time like you would to any business.
You will have to experiment with different strategies to find which clicks best for you, your target audience and your product/niche.
But if you put in the initial few months of hard work, affiliate marketing will reap its benefits.
- Invest in a trusted mentor or course.
Many people make the mistake of opting to do affiliate marketing on their own.
As they feel it only involves pasting and sharing their affiliate links in a few places, which they can do without the guidance of any mentor or coach.
No doubt there are many free online resources, but they all only make you feel more confused.
And you don’t have anyone to turn to for help if stuck.
By investing in a mentor/coach, or in a good affiliate marketing program, you have someone to turn to for help and assistance if you end up blocked, and don’t know what to do.
