Affiliate marketing has dated back to decades as a means of making money since 1989, with Pat Flynn and several others whom hold the highest payed affiliate marketers on research rankings today with successful earnings of up to more than a thousand dollars ($1000) of income monthly, which attest to the fact that affiliate marketing is a very lucrative method for earning a living. In today's post i am going to be sharing with you the basic details on affiliate marketing as a business and how to make a living through affiliate marketing, i am also going to include ways in which you can engage in affiliate marketing in 2022.
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Before we get into the category of affiliate marketing to earn money online i would first like to go into details on what affiliate marketing means. i Affiliate marketing is a process of advertisement where by an individual earns a commission from promoting of a product or service made by another retailer or advertiser and sometimes influencing the purchasing decision of individual using an affiliate link . Directing purchase can be done using word of mouth recommendation to family, friends and other acquaintance or through online social platforms to audience in a community
Two Main Affiliate Marketing Products
In Affiliate Marketing there are two main types of products to promote
Digital Affiliate products
Physical Affiliate products
Digital Affiliate products are products recommendation of digital products, this type of products are non-physical and they include products likes software, apps, courses, e books and more
Physical Affiliate products involve recommendation of products you can see and touch, they include hardcover books, household items,devices and more
5 CATEGORIES OF AFFILIATE MARKETING
In this section we are going to be discussing about the different categories of affiliate marketing you can engage in to earn a living, to engage in a particular category of Affiliate marketing you might want to focus on area of interest or ares you have knowledge about, this is a major tip and this would help you build a successful affiliate marketing business
- Beauty products : This is a category of affiliate marketing involving recommendation of beauty products which you already use or have information about through an affiliate link for the products, this type of affiliate marketing are major physical products category.
2.Fashion products : Fashion Affiliate marketing included recommendation of products in the fashion aspect of products, recommending of both physical and digital fashion products could include your personal clothing or accessory purchase .
3.Lifestyle products : Lifestyle Affiliate marketing involves a recommendation of Lifestyle products, this could be physical or digital products concerned with lifestyle , like self help products like planners software, courses, e-books, which are in the digital category and self care products like health supplements and skincare products which are in the physical product category.
4.Digital Devices : Digital Device Affiliate marketing is the recommendation of digital devices like cameras, laptops, mobile phones,this category of affiliate marketing are mostly physical products.
5.Business Products: Business Products Affiliate Marketing is a recommendation of products to businesses and brands this are products that benefit brands in this aspect of growth and exposure, this products could include email marketing recommendations,e E-commerce products, payment system software and so on.
to sign off today's post, i would like to know your thoughts on affiliate marketing and if you already engage in affiliate marketing as income stream, what are your thoughts on it, for others who are new to get an insight.,.... I hope to see you in the next follow up post