There are more and more people getting interested in the affiliate marketing business and the common question that they have in their minds is what is affiliate marketing and how does it work?
There has been a lot of buzz regarding the affiliate marketing industry lately, especially with the forecast of earnings projected to reach the $7billion dollars a year mark. In 2020, the forecast is around $335 billion in revenue from affiliate marketing sales. Such a large figure when you think about it, why not get started and earn a piece of that pie.
What Is Affiliate Marketing And How Does It Work
Affiliate marketing is just selling other people’s products online through an affiliate program which enables affiliate marketers to earn commission for sales made.
A lot of those who made it in this industry say that this is the fastest and most enjoyable way to earn money online.
There is no need for product creation because you can choose from the millions of great products available out there. All you need is to choose the right market segment for you, something you love and you believe in, which will make selling and promoting it online a lot easier.
Everyone would love to earn passive income, all the more unlimited income. You just need to learn the right way to start in affiliate marketing.
Latest Trends In Affiliate Marketing
One has to keep an ear to the ground when it comes to the latest trends in the affiliate marketing industry. Expert analysis is very important if you want to be at the forefront of the industry. Here are some of the forecasts that experts want us to look out for in the affiliate marketing industry:
-The industry will continue to give importance to product name review terms on Google, going to Google to look for a product review is a buying signal already and this is where affiliate marketers and can focus on
-Asia is seen as a great opportunity for expansion and this trend will continue in developing countries all over the globe
-Lead Generation will be an area where growth is projected. People are now getting used to buying stuff online unlike before. As more traditional businesses go online there is a need for them to attract customers to their website to make sales. This is where lead generation comes in. Internet marketers can get the piece of the pie by charging for PPC (Pay per click) and CPC (Cost per click) campaigns.
-More affiliate marketing campaigns that push promos and discounts should be given importance. This should be done weekly to increase affiliate participation.
-Facebook ads and Shopify are expected to be on the upward trend. There are more marketers who are now trying to get the most out of Facebook Cost Per Action given the new guidelines on banning ads and algorithm changes
-Bitcoin is seen as a new payment method for affiliate networks, payment of commissions using cryptocurrency can’t be that far behind either. The entry of blockchain technology is also changing the way affiliate payments are managed. Fees are going to be lower when middlemen are removed from the equation
-Focusing on a niche is still a trend that many can follow. This makes targeting easier and precise
-Constant implementation of the latest SEO techniques will play a major role in driving traffic and producing sales to affiliate sites.
-Videos and image driven content are expected to be the trend as more and more people have access to faster internet connections. Live product demos and reviews on Facebook are something that marketers can look at and consider
-More people are using their mobile phones for surfing the internet nowadays, this is why apps and websites should be optimized for mobile devices. Device based shopping is now ready to take over the market
-Getting help from AI or Artificial Intelligence has been proven to help increase a campaign’s performance. AI can optimize campaign schedules, content, design, location and almost everything else needed in order to maximize the results of a specific marketing plan
-Online teaching and coaching courses are booming and these coaches are now leveraging with affiliates to add more income streams