We are living in a fast-moving world and now every aspect of our life is drifting online; including how we run business marketing. Today, I can earn an income online without moving from my home with the aid of the internet through Affiliate marketing.
This digital promotion and earning strategy has gained great adoption worldwide. Online marketers are already fetching big with affiliate marketing in this Nigeria. If you are a Nigerian looking to increase your income streams, there is no doubt that affiliate marketing is worth giving a try.
This article is meant to explore what Affiliate marketing is, how it works and how you can benefit from it.
What is affiliate marketing and how does it work?
Affiliate marketing in simple words is referring people to buy products and services of a given company that in turn pays you commissions. Many product sellers and service providers in Nigeria and the world today rely on affiliate marketing as it is highly effective in increasing publicity and eventually increasing sales.
Contrary to what many people think, affiliate marketing is not a completely new marketing strategy as people in the past still practiced it but in a different manner.
In traditional affiliate marketing, people had to move door-to-door marketing and trying to get a product sold. Since the advent of the internet, this tiring process was eliminated as marketers can leverage web technologies to promote products from wherever they are.
Affiliate marketing is an online-performance-based form of marketing where the affiliates are only paid commissions when a new customer uses their affiliate links. Affiliate marketing is highly practical for content creators and bloggers as they can create marketing content/ reviews about the products they are marketing on behalf of a seller and input their affiliate links in the content.
With this, people who buy with the links would get paid commissions for their services.
Pros of Affiliate Marketing
You doubtful if affiliate marketing is a good online making strategy/venture? check out the following reasons:
How to get started with affiliate marketing Nigeria
Before we dive into the steps, here is what you need to have and do before getting into affiliate marketing:
How to run successful affiliate marketing in Nigeria
Best affiliate marketing programs in Nigeria
Expertnaire is an online knowledge resource platform for in-demand digital products. It is one of Nigeria's highest paying affiliate programs. Payout could be as much as 30-80% of the product amount to the affiliate.
Konga (commission rate up to 9%)
This is an online retail and E-commerce store and many Nigerians’ favourite for its versatility in the products they sell. With over 100,000 products, you can never get short of items to promote with this affiliate program.
Jumia (commission rate up to 11%)
This is the largest and most trusted eCommerce store in Nigeria. There are thousands of products to market here, meaning that the earning chances are limitless. Their affiliate program also pays the best commission to marketers in Nigeria.
Sports Betting Affiliates
Bookmakers offer affiliate programs to affiliates to help bring in new users into their sports betting sites.
Bet9ja,Sportybet,betway and 1xbet are one of the sports affiliate programs in Nigeria.
Commissions can be up to 40% the profit shared by you and the bookmaker.
This commission can always be negotiated depend on the value you are giving the company.
Forex industry requires knowledge and expertise to make a profit.
Getting users convince to leave a forex broker or even becoming a forex trader is no easy job.
Little wonder we have forex companies like OctaFx and Hotforex giving juicy commission to their affiliates.
OctaFx and Hot forex are the two most prominent forex brokers in Nigeria which have a reasonable affiliate program.
Tips for choosing a good affiliate marketing program in Nigeria
Affiliate marketing is a great way of making money in Nigeria, considering that more and more firms, businesses and organizations are realizing the importance of using this form of marketing.
It would help if you took advantage of this earning opportunity as early as now when there is a high demand for online affiliate marketers. As long as you have a reliable affiliate marketing program and a working website, you can never go wrong with affiliate marketing. Use the knowledge provided in this guide to successfully run affiliate marketing in Nigeria and widen your money earning channels.