To make money at any time, from anywhere. This is the premise of affiliate marketing. It has become an extremely popular tactic that has proven to be beneficial to both brands and marketers.
Although still in its infancy stage in South Africa, online shopping has skyrocketed and will continue to do so, bringing with it new business opportunities.
Based on data from Google Trends, search interest in the search term “affiliate marketing” has been gradually increasing over the past few years. Since 2015, worldwide search interest is up by over 200%.
So, how does this form of marketing differ from traditional means? Well, for starters, it involves earning a commission through the promotion of a product/service produced by a retailer. You, the affiliate partner is rewarded a payout for providing a result to the retailer.
Sounds simple, right? To an extent. To make affiliate marketing work, three different parties need to be involved:
- The consumer
- The seller & product creators
- The affiliate (or advertiser)
There is a complex relationship that exists between these three parties. You can be both the creator and the marketer and still profit from idea of sharing revenue.
What About Cryptocurrency Affiliate Marketing?
Marketing cryptocurrency mining hardware is a great way of making high commissions in the niche. While most crypto affiliate programs require you to market a specific change, there are some programs in the cryptocurrency niche.
Marketing cryptocurrency courses is another popular way of making commissions. Given the rising interest in crypto, there is an abundance of popular courses available.
Regardless of which cryptocurrency program you choose, you’re bound to make great commissions.
If you’re looking to get started, take a look at some of these cryptocurrency affiliate programs:
How Do I Start Affiliate Marketing From Scratch?
In essence, affiliate marketing works via a 5-step process:
- Find and join an affiliate program
- Choose which offers to promote
- Obtain a unique affiliate link for each offer
- Share those links on your blog, social media platforms, or website
- Collect a commission anytime someone uses your links to make a purchase
There are a handful of affiliate marketing programs in South Africa in which you can earn commission from. But, when choosing a program, remember to dig into the categories in some detail to find the right program for you.
Looking for a summarised version? Check out our web story.