How to start affiliate marketing business in Nigeria
Are you interested in making money through affiliate marketing? Affiliate marketing is amongst the most popular and well-known ways to earn money on the internet. Continue reading to know how to start affiliate marketing in Nigeria.
For many internet bloggers, businesses, and webmasters, it has also become a substantial source of income.
Why not join the moving train? This article will give you a step-by-step guide on how to get started.
Affiliate marketing is a great method to generate money and create a home-based business because you don’t have to produce, stock, or distribute product inventory, or provide a service.
You’re essentially compensated for suggesting new clients and consumers to other companies via the internet. Here’s how to start affiliate marketing in Nigeria.
What is Affiliate Marketing and How Does it Work?
First, let’s break the keywords down one by one.
First, an affiliate is an individual who agrees to promote or market a product or service in exchange for a commission.
On the other side, marketing is the technique of selling goods or services ideas.
Joining the two words together, affiliate marketing becomes a method of earning money by successfully advertising items and services to the right people.
Affiliate marketing, as per Wikipedia, is a type of performance-based marketing in which a company pays one or more affiliates for each guest or client-generated by the affiliate’s own marketing initiatives.
If you’re doing a business online, like blogging, then affiliate marketing is a good option.
As a result, affiliate marketing is best characterized as the process of earning a commission by running an advert for other products (or a firm). The way the thing works is that you find a product that you like, recommend it to others, and benefit from each sale you make.
What is Affiliate Marketing and What Does it Entail?
In looking at what’s involved in affiliate marketing, it can be seen that it basically works by sellers supplying the affiliate (you) with a distinctive affiliate code.
This code which is in form of the URL will be used to refer visitors to the target site and earn your commission. Most affiliate networks will provide you with pre-made text links, banners, and other creative pieces that you simply copy and paste onto your website or share with others to begin referring traffic.
After the code is given, at that point, the publisher or affiliate will try to sell to the customer via whatever channel they deem fit, be it a social media platform, digital billboards, or content marketing on a blog through a search engine.
When interested visitors click on these links, they are taken to the product site, and if they buy something or sign up for the program, you get a royalty as the referrer.
That’s how affiliate marketing works. Ready to go?
How to Market Affiliate Products in Nigeria
To get paid, you must first sign up as an affiliate, promote the product, and reach the payment threshold.
In three easy steps, you may start an affiliate marketing network in Nigeria:
- The first step is to become an affiliate. This will be possible by registering with the affiliate program.
- Step two is to obtain an affiliate link. You’ll be given a link that is specific to you when you sign up. This is the URL for tracking and recording all of your sales.
- The next step is the payment — which is when you hit the Payments Threshold. The majority of affiliate websites will only pay you once you’ve reached the payment threshold. A threshold is a set of sales numbers, amounts, or volumes that must be met before commissions are paid.
What is the Process of Affiliate Marketing?
Let’s take a gander at the whole thing called affiliate marketing. This kind of marketing is based on promoting somebody’s brand or product. You can use social media platforms like Facebook, Twitter, or your blog to advertise a product.
You will receive commissions from the affiliate company if someone among the people you pushed pay for the product using the URL you shared (affiliate link) at the end of the day. This simple analogy pretty much defines affiliate marketing.
How Do I Become An Affiliate Marketer?
How and where to sign up as an affiliate marketer is pretty much straightforward. All you have to do is determine the type of niche – area – in which you would really like to promote a product and then search for products on Google.
If you’re still contemplating where to start, you can type an affiliate program into Google and search for them one by one. That’s for Jumia Affiliate Program, you can as well search for other affiliate marketing programs which will be highlighted later in the course of this write-up. You then follow up and register as an affiliate.
How to Make Money with Affiliate Marketing in Nigeria
Would you like to see to learn how to generate money in Nigeria via affiliate marketing? It isn’t a secret, after all. It’s simply that a lot of people don’t want to do anything about it. When you get started, certainly, the key to being wealthy with affiliate marketing is to drive a lot of traffic to your items.
Method 1: Using Your Blog to Market Affiliate Products
The use of a blog is the kicker for starters into affiliate marketing. Thousands of successful affiliate marketers rely only on the creation of a website and the utilization of organic Google traffic to drive traffic to their products.
You should also ensure to bring organic traffic from your blog because that’s the key to being successful.
The competitive pressure and the time it will take to bring traffic to your blog website are two disadvantages of this strategy. While this is true, the question for you is whether you’ll be patient enough to get your affiliate blog’s first hundred visitors. If not, then move on to the next method we will explain below.
- Step 1: Get hosting as well as a domain name. You can get hosting from Hostinger, DomainKing, or Hostgator, which includes a free domain name.
- Step 2: Create your blog either from WordPress, Blogger or any other platform.
- Step 3: Your next step after creating the blog should be to start writing content on your blog page. These posts should be something related to what your target affiliate marketing program has on offer.
- Step 4: You will have to do keyword research. For this, you will use the Google search engine to conduct keyword research. You might also use a free service such as keyword.io or AlsoAsked.com. A good number of other premium keyword research tools can also help you get started.
- Step 5: When writing these articles, tell your readers that they should check out the affiliate post that you’ve promoted on the site.
- Step 6: Boost these articles till they appear in Google’s search results.
You can as well resort to writing guest posts on other blogs as another strategy to promote this keyword. That is the quickest method. To make things faster, buy backlinks to the articles and promote them on Facebook and other social media platforms as an alternative.
- Step 7: Close your first transaction. The majority of individuals are unaware that it only takes one article to completely shift your financial situation. The truth of the fact is that it’s not always about how many blog articles you have, but rather how outstanding the ones you already have are.
Now it’s your turn. Do you believe you’ll be able to follow this path? If that’s the case, you’re ready to get to work. Or if you still want to see other offers, then look at another method which is highlighted in the following paragraph.
Method 2: Affiliate Marketing Using PPC (Pay Per Click)
Affiliate marketing through PPC is the second method. You can also generate money in Nigeria with PPC affiliate marketing.
If the first instance is too stressful for you, I advocate paying for traffic.
To put it another way, go to Facebook and create a page, then pay your ad account with your credit card to advertise things.
Take considerable time online learning how to run efficient Facebook advertisements and earn money if you want to do it on your own.
For every professional affiliate marketer, this is how it works.
Definitely, the ultimate purpose of affiliate marketing is for the affiliate (i.e. you) to make money.
Overall, use everything that interests you to generate money as an affiliate marketer. Except for a handful, all of the methods have been tried by many and it works. So it’s up to you to make a decision and do something about it right now – take action.
What Affiliate Marketing Strategies Should You Employ?
Here are some things you should employ in your affiliate marketing:
- The first thing is to only promote products you are quite acquainted with. Also, remember that you are merely endorsing a product when you advise someone to buy it.
- Promote products from numerous different vendors. Make sure you’re not putting all your eggs in one basket. If you simply advertise the products of one seller, you’re trapped with them.
- Assess and enhance your lead generation on a regular basis.
- Concentrate on your affiliate visit streams to tailor your content and make the finest affiliate product suggestions.
How do Affiliate Marketers Get Paid?
Affiliate marketers get compensated in a variety of ways. The program is a simple and low-cost form of income without having to deal with the headache of really making a sale. For individuals trying to make more money online, the marketing method is undeniably appealing. However, how can an affiliate get compensated after connecting a seller with a customer?
It’s possible that the answer will be difficult.
The affiliate may be compensated in a variety of ways below:
Through Pay Per Sale
Here’s how affiliate marketing usually works through pay per sale. The merchant gives the partner a proportion of the product’s retail price once a customer places an order as a consequence of the affiliate’s marketing efforts.
To put it another way, before the affiliate is paid, the investor must really invest in the product.
Through Pay Per Lead
Pay per lead affiliate programs was a much more complicated method that pays the affiliate depending on how many leads are converted. The affiliate should convince the customer to go to the merchant’s site to take the requested action, such as completing out a feedback form, registering for a product trial, signing link in an email, or installing software or documents.
Through Pay Per Click
The goal of an affiliate marketing program is to encourage affiliates to send customers from their marketing platform to the advertiser’s webpage. This implies that the affiliate needs entice the customer to switch from the affiliate’s website to the advertiser’s website. The affiliate is compensated based on the increased traffic to the website.
By the way, if you’re working with foreign affiliate companies, make sure you set up a PayPal account so you can get paid. Without that you won’t be able to get your pay unless you have a domiciliary account to get them sent to.
Affiliate marketing is a great alternative for people who want to take charge of their very own finances by concentrating on overall performance earnings. When working hand in hand with a vendor, a determined affiliate marketer can earn an income stream without having to produce their personal product or service from the convenience of their own home.
The real fact is that Affiliate marketing isn’t that hard as many think, but it really does necessitate knowledge, preparation, and regular effort in order to generate a big profit.
If you go into affiliate marketing, then there is a good chance or prospects of generating revenue the program. That being the case, then your success is determined by how well you carry out your affiliate marketing strategy.
That’s the size of this article, as we have been able to highlight the step-by-step instructions on how to start an affiliate marketing business in Nigeria. We also featured the leading affiliate programs in the country.
These are some of the best affiliate programs in Nigeria to join.