Affiliate marketing is often touted as one of the easiest ways to earn extra income, but as an influencer, you have access to even more lucrative opportunities. In the next few modules, we'll explore various other ways you can monetize your influence, going beyond affiliate marketing to maximize your earning potential.
Firstly, let's discuss how developing a Personal Brand can enhance your credibility and build trust with your audience, potentially increasing your earnings. A strong personal brand as an influencer/content creator fosters trust and credibility, making your audience more inclined to purchase products or services you endorse.
If you're not currently an influencer/content creator, don't worry. I'll guide you on how to develop that skill in the upcoming modules.
Consumers today are accustomed to scams online and different marketing tactics, which has made them more skeptical about online purchases and the credibility of products. Therefore, establishing a strong Personal, or company brand is essential.
There are several other aspects you can explore to boost your income from affiliate marketing:
1. Trends
Here, you'll discover how to amplify your affiliate marketing efforts using trends. Whether you're a beginner or seeking to enhance your current strategies, grasping and riding the wave of trends can substantially boost your success. Refer to Module 2: Chapter 2 to learn how to check online trends and discover what people are searching for.
2. Commission Rates
Select a higher-priced or higher-commission affiliate product. Success in affiliate marketing often relies on quantity x price, so you either persuade people to buy more or persuade them to pay more for more expensive item with more commission. Both strategies work, but the quantity approach may require more effort, especially if your content doesn't go viral.
3. Research on Choosen Product/Services
It's crucial to promote practical, relevant, modern, or even more attractive products that could easily sell itself, require less effort to convince others to buy. You can create your content by explaining why you bought it, how you use it, and what it does for you, to easily attract others using these points. Before diving in, you can research online to determine the direction for creating your content.
4. Know your Target Audience
Understanding your buyers is essential. This applies to various aspects of your content, such as your copywriting, tone and slang, topics, visuals, social media platform and Call to Action (CTA).