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AFFILIATE MARKETING

Unlock the secrets to easy online earnings: Affiliate marketing

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Affiliate marketing might sound complex, but it’s essentially a way for you to earn a commission by promoting other people’s or company’s products. Think of it as being rewarded for spreading the word about something you like or find useful. It’s a win-win scenario: companies get more customers, and you get a piece of the profit.

This marketing model relies on you, the affiliate, to do the heavy lifting in terms of promotion. Whether through social media, blogs, or even word of mouth, your goal is to drive traffic or leads to a business. And the best part? You don’t have to worry about creating a product or dealing with customer service; you just focus on the promoting part.

What is affiliate marketing?

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Affiliate marketing has grown into a multi-billion dollar industry, thanks to digital marketing analytics and tracking technologies. Companies typically compensate affiliates based on sales, although some pay for clicks or impressions. This marketing model is categorized into three types – unattached, involved, and related affiliate marketing – each showcasing different levels of connection between affiliates and the products or services they promote.

Examples of affiliate marketing

You’re likely interacting with affiliate marketing on a daily basis without even realizing it. From social media influencers linking to their favorite makeup products to tech review blogs suggesting the latest gadgets, affiliate marketing is everywhere. Each of these examples involves a partnership where the affiliate uses their platform to drive sales or leads to the merchant. In return, the affiliate earns a commission for their promotional efforts.

  • Social Media Influencers: These affiliates use their popularity on platforms like Instagram or TikTok to promote products directly to their followers. They often showcase how they use the product or its benefits in their daily life, authenticating their recommendations.
  • Blogs and Review Sites: Bloggers or website owners publish in-depth reviews or listicles of products within their niche. Their content is usually SEO-optimized to attract search engine traffic, directing potential buyers to affiliate links.
  • Email Marketing Campaigns: Affiliates with a large mailing list might promote products directly through email blasts. These emails often include personalized reviews or exclusive offers for subscribers.

Types of affiliate marketing

Unattached affiliate marketing represents the most hands-off approach in this domain. If you’re pursuing this route, you won’t need to have any connection with the product or service you’re promoting. This means you don’t need specific skills or expertise related to the product, making it a straightforward option if you’re looking to avoid direct involvement. It’s perfect for those who prefer not to engage in customer queries or product recommendations.

Related affiliate marketing, this strategy requires you to have a relationship or a relevant niche connection with the product or service you’re advocating for. Your credibility and authority in a particular domain play a pivotal role here, as they can significantly influence the traffic you generate. However, it’s important to note that while you may share personal insights, you won’t necessarily need to have used the product or service yourself.

Involved Affiliate Marketing takes a personal commitment to the next level. In this category, you’re not just promoting a product or service; you’re actively endorsing it based on your personal experience. Your deep involvement and genuine recommendations can create a trustworthy environment for your audience, making this strategy highly effective for those who are passionate about the products or services they promote.

How much money can you make as an affiliate marketer?

Your earning potential as an affiliate marketer varies widely, influenced by factors such as the niche you choose, the effort you put into it, and the strategies you employ. Some affiliates make a few pounds a month, while others rake in thousands or even tens of thousands. The key is to select products that align closely with your audience’s interests and needs.

Here’s a quick rundown of common payment models in affiliate marketing:

  • Pay Per Sale (PPS): You get a percentage of the sale price when someone buys through your affiliate link. This model is the most common and can offer significant earnings per transaction, especially with high-value products.
  • Pay Per Lead (PPL): Companies pay you for generating leads. This could involve a visitor signing up for a trial, filling out a contact form, or performing a similar action that indicates potential customer interest.
  • Pay Per Click (PPC): You earn based on the number of visitors you direct to the advertiser’s site from your affiliate links, regardless of whether a sale is made.
  • Cost Per Mille (CPM): Although less common in affiliate marketing, this model pays you based on the number of impressions (thousand views) an ad gets on your site.

The exact amount you can earn will also depend on the commission rates set by the affiliate program. Some sectors like digital products can offer as high as 50% commissions or more, while more physical goods tend to offer lower rates, around 5-10%.

Can beginners do affiliate marketing?

Absolutely, beginning your affiliate marketing journey is not only possible, it’s also a fantastic way to step into the world of online income without having to create your own products or services. If you’re new to this, you’ll find that affiliate marketing offers a unique opportunity because it allows you to earn money by promoting products or services created by others. It’s the leverage of existing brands and products that makes it exceptionally appealing for newcomers.

The bright side: Why affiliate marketing shines

Unlock the secrets to easy online earnings: Affiliate marketing | News by Thaiger
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Affiliate marketing stands out for its cost-effectiveness and scalability. Unlike traditional advertising methods that demand hefty upfront costs, entering the affiliate marketing arena typically requires minimal investment. This makes it an accessible venture for many, from individual bloggers to larger companies.

One of the most compelling advantages is the pay-for-performance model. This ensures that you only fork out commissions when a desired action, such as a sale or lead, is completed. It’s a win-win: your affiliates are motivated to drive results, and you benefit from a low-risk advertising strategy.

The power to reach a broader audience is another significant plus. Affiliates can help you tap into new markets and connect with customers you might not have engaged with otherwise. This expanded reach can boost brand awareness exponentially and, over time, potentially increase your sales and consumer base.

In order to explore about how to boost your earnings, here are the top secrets for promoting affiliate links.

Search Engine Marketing (SEM)



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AFFILIATE MARKETING

How to Start a Business This Weekend: AppSumo CEO Noah Kagan

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How to Start a Business This Weekend: AppSumo CEO Noah Kagan

Noah Kagan shared how he started AppSumo, a “Groupon for software,” in one weekend in a new podcast episode. The startup cost was $60; AppSumo earned $80 million last year and Kagan is still its CEO.

In 2010, Kagan was 28 years old and had already experienced what it was like to be the 30th employee at Facebook and the fourth employee at personal finance app Mint.

“I think I just felt insecure at some of these places,” Kagan told fellow entrepreneur Jeff Berman in a June episode of the “Masters of Scale” podcast.

Kagan was fired after nine months at Facebook by Mark Zuckerberg and later fired from Mint, too. He realized that dedicating his time to his day job carried a risk — another person could decide to let him go at any time.

Related: The Author of ‘Million Dollar Weekend’ Says This Is the Only Difference Between You and the Many ‘Very, Very Dumb People’ Making a Lot of Money

“I think I wanted to prove that I’m smart or prove that I’m successful or prove that Facebook when they fired me, and then when Mint fired me, [that] I can do it,” Kagan said.

The idea for AppSumo, a marketplace of software deals for small business owners or solopreneurs, was born when Kagan thought there was a way to promote software tools and also get paid for it. He saw that the site MacHeist gave Apple users discounts on software bundles and wanted to try making the same type of discounts available to a broader audience.

“My interest was letting the geniuses create software, and my skill and my excitement is promotion,” Kagain said.

The business came together in about 60 hours. First, Kagan found software he wanted to sell: the image-sharing service Imgur. He cold-emailed Imgur’s founder on Reddit and got approval to sell a discounted version in exchange for a cut of sales.

Related: Here’s Why Reddit Turned Down an Acquisition Offer From Google in Its Early Days, According to Cofounder Alexis Ohanian

The next piece was meeting with Reddit’s founding engineer to ask for free advertising. He got that too.

The final part was paying a developer to create a website with a PayPal button and purchasing the AppSumo.com domain name.

What was the total cost to launch the business? $60 and one weekend of his time.

AppSumo made $300,000 in the first year, and $3 million in the second, Kagan said in the podcast. It brought in $80 million in revenue last year.

Kagan now has a net worth of $36 million.

Kagan said that the crucial part of business was being invested in the problem and getting excited about it.

Related: This Flexible Side Hustle Is Helping Millions Earn Extra Cash — and Might Be ‘More Attractive’ Than an Office Job

“I think that’s the thing in business people are kind of missing out,” Kagan said. “They’re chasing AI now or chasing being an influencer. I think find areas [where] you’re like, I don’t know if I’m going to ever get tired of this.”

Starting a side hustle or finding an extra source of income has an upside — according to Kagan, you have more control over your future.

“If you can just give up 30 minutes a week, if you can just give up one Netflix show a week, if you can give up one thing a week, and you keep doing it weekly, eventually you can have that business,” he said.

Related: This Is the Winning Formula for Starting a Successful Podcast, According to a New Analysis

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Fully Promoted Franchises are the Worlds Largest Providers of Promotional Products!

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Fully Promoted Franchises are the Worlds Largest Providers of Promotional Products!

3 Benefits of Owning a Fully Promoted Franchise:

  1. Access to a proven business model with a global network and mass purchasing benefits.
  2. Comprehensive training and ongoing support, including demographic studies and marketing strategies.
  3. Diversified revenue streams from a variety of marketing tools and branded products.

Fully Promoted is a franchise specializing in branded products and marketing services, renowned as the largest company in its niche and recognized repeatedly in Entrepreneur’s Franchise 500 rankings. Click Here to learn more about Fully Promoted.

Key Facts:

  • Minimum Initial Investment: $103,257 – $353,186
  • Initial Franchise Fee: $49,500
  • Liquid Capital Required: $49,500
  • Veteran Incentives: 20% off franchise fee

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Mirage Casino Giving Away $1.6 Million Before It Closes

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Mirage Casino Giving Away $1.6 Million Before It Closes

The famed Las Vegas Mirage Hotel and Casino is set to close for good on July 17, but gambling fans have one last chance to score big before the shiny doors shutter forever.

Since July 9, the Mirage has been giving out over $1.6 million in cash through a giveaway called the “Progressive Finale Cash Giveaway” for the casino to pay out its jackpots before closing as required by Nevada gambling regulations.

Related: An Iconic Las Vegas Casino Is Shuttering This Summer After 34 Years

Patrons can win up to $1.2 million through slot machine prizes and $400,000 in table games through July 16.

But videos across social media show that the giveaway is going about as well as you’d expect. Excited gamers have flocked to the casino to score a slice of the pie, leading to chaos and several fights on the casino floor.

@vegasstarfish Chaos and fights break out at Mirage Hotel & Resort Prepares to close permanently. All progressive jackpots must be paid prior to July 17th and random cash drawings are being given to any guest playing. This has caused huge lines, unhappy patrons, physical fights & exhausted employees. All animals at Mirage have been rehomed in anticipation of the Hard Rock renovation, Beatles Love by Cirque Du Soleil has shuttered and now all that remains are some additional funds to distribute. Add this to your list of places to avoid when visiting Las Vegas. #vegas #lasvegas #vegasstarfish #jackpot #giveawayalert #vegasnews #miragelasvegas #vegashotels #vegaslocal #vegasexperience #thingstodoinvegas #creatorsearchinsights #vegasonabudget #vegasvacation #vegasplanning #vegaswins ♬ Epic News – DM Production

According to Vital Vegas, the Mirage was only operating 400 machines as of Friday afternoon and shut all other machines to “end the progressive meters calculating and audit the numbers in order to properly give all the money away.”

The Mirage, part of the Wynn brand, opened in 1989 and was one of the first luxury resorts to open on the Strip. It was also the original home of the Siegfried & Roy show.

Related: Lisa Vanderpump Is Not Leaving Las Vegas, Opening New Venues

The hotel announced in May that it would be shuttering this summer. It’s set to rebrand to the Hard Rock Las Vegas, and the company will pay $80 million in severance packages to laid-off Mirage employees.

“Over the next two months we will bid farewell to this iconic and historic property and then we will commence an incredible transformation,” a notice posted to the Mirage’s official Facebook page read at the time. “We would like to thank all team members at The Mirage for their incredible commitment and helping us provide memorable experiences for our guests.”



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