Want to make extra money? Know the best affiliate marketing platforms.
When it comes to making money from anywhere, affiliate marketing is the best way to turn traffic into cash. Affiliate platforms allow you to promote companies and their products or services and earn a percentage of the sales you made for them, usually through your social media handles, websites, or email.
WHAT IS AFFILIATE MARKETING?
- Affiliate marketing is performance-based marketing in which affiliates get a reward totally depending upon the purchases or sales the affiliate has made.
- This is a marketing scheme that is running on top as every business owner is looking for their business to grow with employees as well as customers, hand-in-hand.
- Affiliates can attract their customers via many different aspects where they can advertise their products or business-like through videos, reviews, blogs, product links, and, more.
HOW DOES AFFILIATE MARKETING WORK?
Affiliate marketing is very simple to be understood, in this
- If a merchant wants to reach a wider base of internet users and shoppers he may hire an affiliate.
- An affiliate could be anyone, the owner of multiple websites or email marketing lists; the more websites or email lists that an affiliate has, the wider its network will be.
- The hired affiliate then publishes and promotes the products or services offered by the merchant to their network.
- The affiliate can do this by running text ads, writing blogs on its websites, creating video content or sending emails to clientele.
- If a user clicks on the link that the affiliate has given and purchases from the affiliate’s site.
- As the link is unique to you, that transaction will be considered your sale.
- You will get the agreed-upon percentage of the sale value.
PAYMENT MODELS OF AFFILIATE MARKETING
Payment of an affiliate is created when the user purchases through the unique link shared by an affiliate. There are different types of models in affiliate marketing provided by the merchant.
- PAY-PER-SALE – (PPS) The affiliate gets the payment for every sale he gets done through his promotions.
- PAY-PER-LEAD – (PPL) The affiliate gets paid for every lead generated by submission of an online form, trial creation, or free demo sign-ups.
- PAY-PER-CLICK – (PPC) The affiliate gets payment for the clicks or traffic generated no matter if it makes sales or not. Although, this model is rarely provided.
The majority of affiliate platforms use the PPS model, as it provides more benefits for all, customers, affiliates, and businesses.
SIGNIFICANCE OF AFFILIATE MARKETING
- LOW COST AND HIGH ROI
Affiliate marketing is all about the commission you get by making sales of a particular business. So it does not require investing a large amount yet gaining much more than that.
- SEO
Affiliate marketing can simply increase the website’s traffic and rank with the help of your backlinks via your social media pages, blogs, or published articles.
- BRAND AWARENESS
Affiliate marketing is the best way to grow your brand’s popularity and selling of products that people may never hear of with the help of an affiliate and their promotions.
There are many other signs of affiliate marketing like targeted traffic, accessing foreign markets, etc., as it is very helpful to grow a business at low cost, where multiple people can work for you and that will be profitable for both.
BEST AFFILIATE MARKETING PLATFORMS IN INDIA
When you are selecting a network to work with, you should consider all the aspects of the merchant’s services. One can choose the best affiliate marketing platforms by knowing the merchant’s conversion rate, earnings, return rate, average order size, which country they serve and so on. That information will be a key factor in selecting profitable affiliate marketing.
Below is the list of the top 5 best affiliate marketing platforms in India:
- AMAZON ASSOCIATES
Amazon is one of the best affiliate platforms in India running affiliate marketing.
They are offering ranges according to the category of the product you are dealing with. The program pays you a handsome commission after the product is purchased through the affiliate’s link.
- HUBSPOT AFFILIATES
HubSpot is a developer and marketer of software products for inbound marketing, customer service, and sales.
The HubSpot Affiliate Program helps you to earn commission by customer referrals using your unique affiliate link in content such as webinars and emails and many more.
HubSpot is one of the best affiliate marketing platforms.
- SHOPIFY AFFILIATES
Shopify is the best-known e-commerce platform providing its customers many opportunities, branding, and better earnings by getting an impressive commission through affiliate programs without paying any kind of sign-up fee.
- GODADDY AFFILIATES
One of the best affiliate marketing platforms in India, GoDaddy is a popular name on the internet. GoDaddy is well known for providing web hosting plans and a variety of domains to its customers.
It also provides an affiliate program with moneymaking opportunities to affiliates by earning up to 15- 100% commission on every sale made through affiliate referrals.
- MEESHO AFFILIATES
Meesho is India’s one-stop shopping platform where you can shop and resell products of different categories: Electronics, beauty, fitness and Health, Clothes and accessories for Men, women, and kids, and many more with a broad range of great quality products at the lowest prices.
- You can make money from the Meesho app by joining the affiliate program. It is also known as referring and earning offers. There are a few steps in the referral option. Such as Zero Referral, Rising Star, Super Star, and Mega Star.
CONCLUSION
Affiliate marketing is the best option for earning extra money without investing any money and time into it. It can be very beneficial to the people who have many followers and viewers so they can see their links and make purchases.
There are multiple businesses and platforms that are running affiliate programs so that they sell their product through people to more people.
Please ensure that the affiliate program you choose has multiple brands with relevant products and services that your viewers will be interested in buying.
You can also read what is social media marketing?
