Affiliate Marketing is one business model that has created tons of millionaires in the last two years.
Lots of young Nigerians have thousands of testimonials of how they have been making money weekly with affiliate marketing and have quit their jobs to make money online fully using this really simple business model.
If you’ve been looking for a way to make money online in 2022 without having to quit your job or spend so much money. You don’t even need weeks and months to learn this skill. All you really need is a few set of instructions and the willingness to follow through.
In this post I’m going to break down what this business model is, what it entails, who is it for and 7 steps you should take today to make your first million using this model.
What is affiliate marketing?
As defined by the online Oxford Dictionary, affiliate marketing is a marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals. Wikipedia puts it in another way, it describes it as a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.
In simple terms, your job as an affiliate marketer is recommending helpful products to people who need them and can afford them, and when those people do make a purchase, you get a set commission.
Toyin Omotosho. Founder of Expartnaire
So the way you make money as an affiliate is by getting paid when someone buys a product you recommend to them. One way or the other we have recommended products to friends, the only difference is that we probably didn’t get paid for it.
So why not get paid heftly for telling a friend to go buy some product they need right?
Unlike other business models, you don’t have to quit your job or have a physical shop or store.
You might be asking is it online? It’s both offline and online. However we would be focusing on the online version of affiliate marketing which is more popular and the subject of this post.
Here you simply find an affiliate platform and create an account on it, check out the products and get your unique affiliate link for each products which is what you’ll be using to recommend products.
Who can be an affiliate marketer?
The popular saying is that anyone can become an affiliate marketer. This is both right and wrong. It’s right because it’s not restricted to any age, gender or personality. But it’s also wrong because not everyone is suited to this business model.
Selling other people’s digital products is a business model that requires you to learn advertising, lead generation, funnel building and closing skills.
Let’s talk about all these one after the other.
Advertising is the process of showing your business or products to strangers with the hope of converting them into customers.
Lead generation is the process of getting people to know, like and trust you. It’s a process where you incite those strangers who see your ads to want to know more about your product. Here you give them some useful, valuable item in exchange for their contact details.
The Sales Funnel is the process a customer takes from learning about you and your products to making their first purchase from you as well as recommending you to family and friends. Creating a seamless sales funnel that makes it very easy for the customer to buy from you is very paramount in affiliate marketing. This is because if your funnel works then you spend less in getting potential customers.
Lastly let’s talk about your closing skills. Closing simply refers to sealing a deal, i.e a customer makes a purchase from you. The better you are at closing leads I’m getting them to buy from you the lower your cost per purchase or average order value.
Get started with affiliate marketing
So how do you get started with affiliate marketing? It’s really very simple all you need to do is choose a reliable platform, register and select a product of your choice, get your unique affiliate link and start promoting.
Choosing your affiliate platform
The are so many affiliate platforms. Some well known ones include jvzoo, learnoflix, clickbank, CJ affiliate and Expartnaire. Most of these platforms are international platforms and have long existed way before the digital products boom of 2020.
Expertnaire was created by Toyin Omotosho in 2017 and was the first Nigerian affiliate platform. Toyin Omotosho is among Nigeria’s top 10 digital marketers and has helped to change the lives of hundreds of Nigerians.
In Nigeria today, Expertnaire is the most trusted Affiliate Marketing platform with over 60 different digital products covering different niches from making money online to advertising, e-commerce as well as weight loss.
When you register it also comes with a course that helps you understand how I feel it marketing works and gives you some basic skills required to profit in the affiliate marketing space. This is one big advantage Expartnaire has over other affiliate programs such as Lenoflix. It also boasts of being the largest platform for affiliate marketers in Nigeria.
But the biggest advantage of Expartnaire over other platforms is that it accepts and pays with our local Nigerian banks. With other platforms, you have difficulties such as ATM card not acceptable, not able to pay to your local bank and so on. Expartnaire solves all that.
Digital products you can sell
Some of the digital products hosted on Expartnaire include
– DiPPS. This is a product by one of Nigeria’s top internet marketer, Nnamani Czar and it shows you how to create and sell your own digital products. It goes for ₦50,000, with a 50% commission, meaning if you sell this, you get a commission if ₦25,000. Not bad enh.
– 72ig. The 72 hour implementation course is the brain child of Expartnaire founder Toyin Omotosho and it shows you how to profit from affiliate marketing. Going for ₦60,000 with a 50% commission as of the time of this write up, it’s the highest selling digital product in Nigeria today.
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– Ecom money bag by Jonathan Melody is one of the best courses for those venturing into Ecommerce in Nigeria. It goes for ₦25,000 with a 40% commission.
– and lots of others.
Why you should start affiliate marketing
1- Doesn’t consume your time. This business model will require no more than 2 hours per day of your time. If you learn how to automate it, you could even be spending less time. All you have to do is promote you affiliate link using a post or Video.
2- Easy to scale. Unlike other business models that require so much money to scale, affiliate marketing does not. To scale you simply need to reach more people. The more people seeing your products, the more who buy. You don’t need a new website or anything else. You just need to get more leads by increasing ad spend.
3- Makes money with ease. If you’re looking for an easy way to make money without having to work so hard, or for so long hours, affiliate marketing is perfect for you.
4- Can be done from anywhere you are.
Because you mostly work with just your mobile phone and create content that helps people to buy your product which you are promoting that means you can work from anywhere at anytime. It may surprise you to know that even while sleeping you can be making sales.
5- It’s here to stay. Affiliate marketing is a business model that is here to stay. Simply because the sale of digital product is only rising there for affiliate marketing in the digital industry will continue to rise and will be around for a very long time.
6- You don’t need to own any product. This is probably the most important part and I should have led with that but as an affiliate marketer you don’t need to own any products you simply pick and already established products promote it and get a hefty commission. The sweetest deal is that you are not even responsible for refunds or guarantees. Which means once the sale has been made even if the customer does not end up appreciating the product I want a refund you do not get to refund your commission the refund is done by the owner of the product.
See what others have made in sales and commission.
Let the pictures talk.
There are hundreds of others just like these.
The 7 steps to 7 figures in affiliate marketing
There are over 30 thousand affiliates, yet less than 2 thousand of them are actually profiting from this business model. The reason for this is multifold.
1 – they don’t implement what they learnt
2- they don’t have a working strategy
But for you it would be different because here are 7 strategies you should implemt to making 7 figures monthly.
• STUDY – I study all the materials, books and other items. Studying these materials build your closing skills and build your ability to communicate with people and get them to know like and trust you before they even decide if they should buy from you or not.
The Importance of studying is that people will ask you a lot of questions concerning the products and if you have little or no knowledge on it it will show and they will not want to buy from you. studying those materials will make you knowledgeable in your chosen niche.
• CHOOSE A PROFITABLE NICHE – My best niches are weight loss, making money online and relocation niches. They are evergreen niches, meaning they always bring in sales irrespective of economic times.
For best results, you should focus on one of those niches.
• DETERMINE WHAT PART I PLAY – Affiliate Marketing has so many parts. Trying to do everything will make me inefficient. I Simply FOCUS ON CONVERSIONS.
You should focus on closing and converting customers that come to you and automate all delegates other parts of the business.
• OUTSOURCE THE REST – once I’ve chosen what part I will focus on I simply outsource the rest to other people.
• GET LEADS CONSISTENTLY – to ensure I keep making sales I simply keep bringing in Leads by running Facebook ads.
• POST VALUABLE CONTENT – I consistently update valuable content on my WhatsApp status which also brings in sales.
• FOCUS ON GETTING 5 SALES PER WEEK – every week I have a goal of closing at least 5 leads.
5 sales * ₦30,000 = ₦150,000
There you have it. Here’s my 7 point secret strategy to making ₦150,000 every week.
Get started now – an offer you cannot refuse.
Want to get started? Grab this free book that gives you a crazy offer you cannot say no to, and helps you avoid all the traps affiliate marketers fall prey to.