Affiliate marketing is a great way of earning cash online. It's one of the most popular ways for people who want to make extra income from home. However, there are some challenges when it comes to making money as an affiliate marketer in Nigeria.
One of these challenges is finding out how you can become an affiliate marketer in Nigeria. How do you find out about Nigerian affiliate networks that pay? What are the best countries or regions to work from? And what should you look for if you're just starting out?
In this article we'll give you all the answers to those questions so that you know exactly how to go about becoming an affiliate marketer in Nigeria. We will also explain how affiliate marketing works, and why it might not be worth your time to try it out in Nigeria.
If you've decided to join an affiliate network then you must have realized by now that affiliate programs offer their affiliates commission on sales generated through their links.
The reason they provide commissions is because affiliates promote products which usually cost more than normal retail prices. If someone buys something using your link and subsequently makes a purchase then you would get a percentage of whatever price was spent. That's why affiliate marketing is considered such a good way of generating passive income.
Most affiliate programs reward you between 5% - 30% depending on the product you choose to promote. There are several different payment methods available including PayPal, check, wire transfer, gift card, etc. The main ones being Paypal and Check.
PayPal is free but only allows payments up to $1000 per month. This means that if you were to earn over $1000 a month then you'd need to open a business account with them. A business account costs around $4500 annually. You can use PayPal to process payments made to you via your own website or blog too.
Checked transactions take longer to clear though, sometimes taking weeks rather than days. So, if you plan to make large amounts of money each month, then paying by check may not be right for you.
Also, many of the major credit cards like Visa & MasterCard charge fees for processing purchases. Some of these charges amount to thousands of dollars. Therefore, if you're going to rely on credit cards to fund your monthly earnings then you can expect to lose plenty of money before you even see any returns.
You could consider opening a bank account instead. Most banks allow you to deposit funds into your account without charging fees (as long as you keep enough balance). Banks generally take 2-3 business days to clear deposits.
However, since most Nigerian banks don't give you access to international debit/credit cards, you won't be able to withdraw money immediately either.
Another option is to invest in Bitcoin. Bitcoins are virtual currencies which operate independently of traditional banking institutions. They are traded 24 hours a day at various exchanges worldwide, allowing users to buy and sell bitcoins instantly.
Bitcoin is often used as a form of currency due to its anonymity. To date, however, there has been little regulation surrounding bitcoin. As such, you're likely to encounter problems receiving or sending money to anyone outside of Nigeria.
On top of that, bitcoin trading sites require the buyer to send payment information upfront. With high transaction fees and exchange rates fluctuating wildly, it takes a lot of luck to convert bitcoins back into real money.
So, while Bitcoin may be ideal for Nigerians looking to set themselves up overseas permanently, it isn't really suitable for short term travel or internet shopping.
Some other forms of currency include LocalBitcoins, BitQuick, Paxful, OKCoin, Coinbase, Coinmama, Changelly, and others. Each has varying levels of fee and security. For example, localbitcoins charges a 1% fee plus 0.5%. In addition, it requires buyers to submit proof of identity. On the flip side, coinmama offers zero percent fees, but doesn't require proof of ID.
These services tend to be better suited for individuals based abroad or those traveling frequently. Also, they're useful for purchasing items online and sending money to family members.
As mentioned earlier, most affiliate networks will reimburse you between 5%-30% on every sale made through your links. This does vary slightly by program. But typically speaking, you'll earn anywhere between 10% - 20% depending on the product and how much traffic your site receives.
For example, let's say you had 1000 visitors a week viewing your content. Then your affiliate payout would be 10% x 100 = 10 bucks. Of course, the higher the number of potential leads, the higher your affiliate earnings.
It is important to note that affiliates aren't always guaranteed to receive a commission on every sale. Sometimes companies decide to exclude certain markets from their affiliate program, and therefore refuse to pay affiliates for referring customers.
This happens quite commonly when working with eCommerce websites. If you refer people to Amazon, for instance, but Amazon chooses to block your region from accessing their affiliate portal, then you wont get paid.
There are lots of Nigerian affiliate networks out there offering opportunities to earn big money promoting products across multiple platforms. Here are just a few...
ShareASale
CJ Affiliate
Rakuten Advertising
SkimLinks
eBay Partner Network Inc.
ClickBank
Aweber
Amazon Associates Program
ShareASale
ShareASale is probably the biggest affiliate network in Nigeria. It started off as a small company called Click2Sell in 2006. Since then, they've grown to employ hundreds of employees and generate millions of dollars in revenue each year.
They currently have partnerships with over 300 merchants in over 180 categories ranging from fashion, electronics, health and beauty, food, home goods, toys and games, books, music, sports equipment, pet supplies, personal care, software and computer accessories, automotive, cell phones, jewelry, office supplies, stationery, healthcare, clothing and footwear, and others.
Their platform boasts easy-to-use tools for both affiliates and publishers alike. Publishers can easily create ad campaigns and place ads directly onto their pages. Meanwhile, affiliates enjoy powerful features like instant tracking, automated reporting, customizable landing pages, and flexible payout options.
CJ Affiliate
CJ Affiliate is another well known affiliate network in Nigeria. Their headquarters are located in Lagos, and they're owned by Cyberjaya Holdings Limited. Like ShareASale, CJ operates under the same principles as any other affiliate network.
Its primary objective is to help businesses grow their customer base through effective advertising and promotion. Its goal is to increase brand awareness among online shoppers and encourage repeat visits.
Like ShareASale, CJ offers several types of membership plans to suit individual needs. These include a basic membership package, a premium membership package, and a professional membership package. All three packages come with unique benefits, such as exclusive listings, special discounts, and paid advertisements.
SkimLinks
SkimLinks is yet another reputable affiliate network with offices in Abuja. It provides webmasters with a simple way of monetizing their blogs. The service helps bloggers build a steady stream of recurring income from their website by placing contextual links within relevant posts.
All you need to do is paste the code provided into your post and add a callout box displaying your referral URL. Visitors clicking on your link are automatically redirected to the merchant's page. Payment occurs once the visitor completes his / her order.
eBay Partner Network Inc.
The eBay Partner Network Inc. (EPN) is a subsidiary of eBay Inc. Based in San Jose, California, EPN focuses on providing global sellers with effective advertising and promotional solutions.
Since 2002, the EPN has helped thousands of online retailers reach new audiences by connecting them with international buyers. EPN also connects international brands with established US retailers. Over the years, it has built strong relationships with over 3 million active resellers globally.
ClickBank
Clickbank is one of the largest affiliate networks in the world. Founded in 1998, it has continued to evolve ever since. Today, it claims to have over 50,000 vendors listed.
Although it began as a purely digital marketplace, ClickBank expanded into physical products in 2005. Now, it caters to almost anything imaginable, ranging from fitness DVDs to kitchen appliances.
Many of the vendors listed on ClickBank accept orders from virtually every country in the world. As such, if you live elsewhere, you shouldn't struggle to find a niche market.
While it's true that affiliate marketing is fairly common throughout Africa, it remains relatively unexplored in Nigeria. Still, it seems like there's room for growth here.
That said, it's pretty difficult to succeed unless you already have a sizable following on social media. Otherwise, you'll never be noticed by advertisers and brands.
In fact, most successful affiliate marketers in Nigeria focus primarily on building rapport with their target audience. Once they establish trust amongst their followers, they begin selling products.
If you are looking at ways of making a living from home or becoming self-employed then affiliate marketing might be one option. It's not as hard as it sounds, but there are some things you need to consider before jumping into this type of business.
There are many companies out there who will pay you cash for promoting their products on your website. These days there are lots of platforms like Clickbank, Shareasale, Jumia, Paypal etc which allow people to promote other peoples' products without any cost to themselves. For example if someone has created a product about fitness they could pay you to get others to buy that product. You don't have to know anything technical to run these types of businesses - all you need is a computer and internet connection!
So what exactly is affiliate marketing and why should we even bother learning more about it? Well firstly let me explain what it actually means... affiliate marketing is when a person promotes another company’s goods or services by selling them through his own websites or blogs. The person gets paid commission based on sales generated by visitors clicking links on his site. This is also known as “referral commissions”. There are two main kinds of affiliate programs – one is called "pay per click" (PPC) where advertisers only pay when somebody clicks on their ad. In PPC advertising the advertiser doesn't necessarily pay for each sale made, rather they just pay when somebody clicks on their link. On the other hand, "CPA", or Cost Per Action, affiliates are paid whenever users take action such as filling out forms, buying something, downloading software, signing up for newsletters, subscribing to mailing lists, completing surveys, viewing videos, playing games etc. Some CPA networks require signups while others offer free trials so that potential customers can try out the product before paying.
The first thing you want to decide is whether to use a PPC network or a CPA network. A lot of marketers prefer using CPA networks because it allows them to target specific groups of individuals and offers better conversion rates. However, most PPC networks pay higher commissions, sometimes double or triple those offered by CPA networks. If you're new to affiliate marketing then you may find it difficult to choose between the two. That's why you should look into both options and understand their pros and cons thoroughly. Ultimately, the choice depends upon your comfort level and experience.
Another important factor is choosing the right niche market to begin with. Once you've decided which type of affiliate marketing you wish to pursue you'll need to determine which niches within that sector interest you. Do you enjoy working with children's toys? Are you passionate about health supplements? Or maybe you'd love to work with electronics gadgets. Decide on a few key topics related to your interests and write down everything you know about them. Then start researching different affiliate programs that relate to those areas, and see which ones appeal to you the most. As soon as you identify a profitable niche market you can go ahead and create your website, register your domain name, build your squeeze page, set up Google AdWords campaigns, promote your blog posts, add relevant content to social media channels, launch Facebook ads, optimize landing pages and much more.
Once you have built your initial traffic sources you can proceed to building your list of subscribers, leads, buyers and repeat clients. And once you're able to convert those prospects into actual customers, you can sell them whatever it was that brought them to your site in the first place.
There are several factors to consider when selecting the perfect affiliate marketing opportunity to join. First of all, you must ensure that the company offering the opportunity provides quality training materials along with access to support staff. This ensures you won't ever feel overwhelmed by a lack of knowledge and resources. Secondly, check to see if the company offers a wide range of available affiliate products to help increase your chances of success. Thirdly, make sure the payout structure meets your needs. Finally, the company must provide high converting banners and text ads to attract your audience. With so many choices today, finding the ideal affiliate marketing opportunity can seem overwhelming. So here are my top 5 tips for identifying the best affiliate marketing opportunities in Nigeria.
1. Check the reviews from previous members. Look for testimonials from satisfied customers who were able to achieve good results after joining the company. Also search for negative feedback concerning the company and its affiliates. 2. Read the terms & conditions carefully. Ensure that you fully understand the rules governing your participation. 3. Ask questions of the company representatives. Don't hesitate to ask them detailed questions regarding payment methods, minimum requirements, bonuses, refunds, shipping policies, customer service procedures etc. 4. See if the company offers ongoing training seminars and webinars. They usually contain valuable information that would benefit anyone trying to grow their affiliate marketing business. 5. Signup for a demo account to test out the system before committing to long term membership.
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What is Affiliate Marketing
Affiliate marketing refers to selling products or services through another company’s website by using their advertising banner or link.
The most popular form of affiliate marketing right now is with digital downloads such as ebooks. You can also get involved in affiliate marketing for websites that sell physical goods like clothes, makeup, jewelry etc. The main difference between traditional direct sales and affiliate marketing is that these companies will already have a product available on their site so they don't actually need to find any customers themselves.
In order to promote your own brand, you must first sign up with an affiliate network which will allow you to create links within other people's sites (called publishers). Once you've done this, just click on the banners/links when browsing the internet and either purchase directly from them or visit their specific page where you'll see further information about the product.
You may also want to read our article about affiliate networks if you're new to affiliate marketing!
There are many different types of affiliates out there offering all sorts of products and services. Some of these include:
Amazon Associates Program - Amazon sells thousands of products through its website alone. If someone buys something from Amazon through your link, you receive a commission fee when they complete the transaction.
Clickbank – ClickBank is an international marketplace that offers everything from books, training courses and tools to software and games. They pay commissions on every sale made through their platform, whether it be direct or via referral.</li
Are you looking forward to becoming a successful affiliate marketer in Nigeria? How would it be like if you could get cash from people who are interested in your product or service without having to spend any of your own hard-earned money? This is the dream of every business owner. You will not only have the satisfaction of helping others but also save on costs by earning commissions through affiliate sales.
There is good news! With the right tools and strategies, there is absolutely nothing stopping you from making this happen. And yes, you don't need to worry about paying anything upfront. All you need is to find out which products/services you want to promote so that they match up well with what other affiliates are promoting. Then, just choose one or two platforms (or more) to work with and start generating income immediately. Here's how you go about finding these profitable opportunities.
Affiliate marketing has been around since time immemorial. It involves partnering with companies such as Clickbank, Jumia, PayDotCom, eBay, etc., to sell their products and services. You then receive commission when someone buys those items using links provided by you. The concept is simple but it takes some effort to master. There are several things you should know before joining the world of affiliate marketing.
1. What Is An Affiliate Marketer?
An affiliate marketer is basically anyone who earns revenue whenever another person purchases something via his website link. For instance, let's say you're selling books online through Amazon. When a customer clicks on your book link on your site and makes a purchase, you'll receive commission based on the sale value. If the order was made over $25, you will earn 25% while if the order was less than $25, you will earn 10%. In addition to that, you may qualify for additional bonus incentives depending on whether you meet certain criteria set by the company.
2. Why Do People Join Affiliate Marketing Programs?
People join affiliate programs because they hope to generate easy earnings by bringing traffic to their websites. But if you were to ask them why they chose a particular platform to partner with, most probably, they will tell you that they had read reviews about it being highly recommended by many customers. Another reason might be that they saw high rankings in search engines. Or maybe they came across testimonials written by previous affiliates.
3. Which Platforms Are Best Suited To Become A Successful Affiliate Marketers?
The answer to this question depends largely on your skill level and niche. Some niches are better suited for beginners while others require experience. Although there are various platforms available today, we recommend starting off with ClickBank, ShareASale, CJ Affiliate, Rakuten Advertising, SkimLinks, eBay Partner Network Inc, and Direct Response Networks. These are among the best affiliate networks available today. They offer multiple ways to generate leads and help potential buyers understand the benefits of buying from you instead of the original vendor. So, you should definitely consider choosing at least one or two of these options.
4. Should I Focus On One Niche First Or Try Different Ones? Is It Worth It?
You can try different niches until you find one that works well for you. However, remember that focusing too much on one niche can lead to burnout. You must always keep yourself open to new ideas and opportunities.
5. Can Anyone Start Doing Affiliate Marketing?
Yes, anyone can start doing affiliate marketing. However, the fact remains that you cannot succeed overnight. Remember, this requires patience and persistence. Once you've mastered the basics of creating content, writing sales copy, building landing pages, setting up autoresponders, optimizing your sites, social media promotions, etc., you can move onto advanced techniques such as PPC advertising and SEO.
6. Does Anyone Have Any Advice That Will Help Me Get Rid Of My Fear Of Starting Up?
Fear is natural. Even seasoned marketers face fears now and again. Fortunately, though, once you overcome your fear, you'll feel confident enough to take action and achieve success. Take baby steps. Build confidence gradually. Don't think big. Think small. Learn everything step by step. Be consistent and patient. Keep trying even after failure.
7. Where Can I Find Training Resources For Affiliate Marketing?
To begin, you need training resources. You can buy ebooks, videos, courses, audios, and guides all over the internet. There are plenty of information sources available. Just look for ones that provide practical examples and real life experiences rather than theoretical knowledge.
8. What Are The Advantages Of Using Online Tools For Affiliate Marketing?
Online tools allow you access to unlimited data bases such as Google Analytics, Facebook Insights, HubSpot, etc. As a result, you can easily track user behavior on your webpages and adjust accordingly. Moreover, you can create unique campaigns quickly and monitor performance metrics instantly.
9. How Much Time Do I Need To Spend Per Day?
This really depends on your schedule and daily routine. Generally speaking, you shouldn't expect to put in more than 30 minutes per day unless you plan to specialize in a very narrow field. This includes checking emails, responding to inquiries, taking calls, updating blogs, managing ads, tracking conversions, analyzing reports, etc.
10. Can You Make Money From Home Without Having Your Own Website?
Absolutely. While you can build websites for free, you can also use WordPress, Wix, Squarespace, Weebly, GoDaddy, HostGator, Bluehost, SiteGround, HostingHub, etc. to host your blog. Most of these hosting providers offer plans ranging between $0-$99 monthly. You can sign up for free trial periods to test drive each option. Afterward, decide which one suits your needs best.
11. What Are The Benefits Of Joining Multiple Affiliate Programs At Once?
Joining multiple affiliate programs allows you to diversify your efforts and maximize profits. Each program offers its own perks. Thus, you can focus on one program at a time while maximizing revenues from another.
12. What Are The Pros & Cons Of Choosing Paid Traffic Over Free Traffic?
Paid traffic usually converts faster than free traffic. Since you pay for traffic, it means you can target specific keywords and advertise directly to relevant audiences. Your visitors will see advertisements and banners wherever they browse the Internet. Also, you can increase conversion rates by tweaking your ad creative, targeting demographics, adjusting bids, increasing frequency, and scheduling posts according to demand.
13. What Kind Of Content Should I Create To Attract Visitors?
As mentioned earlier, the key factor here is quality. Always write valuable articles that deliver great advice and insights. Include statistics, case studies, quotes, lists, infographics, video tutorials, podcasts, etc. Whatever format you choose, ensure that it meets readers' expectations.
14. Can I Earn More By Offering A Bonus?
Offering bonuses helps you attract more prospects into your funnel. This increases the likelihood that they will convert into customers. Plus, offering rewards adds credibility to your brand and builds trust among your audience.
15. How Many Times Must I Test Products Before Buying Them?
It takes months to develop expertise in a particular area. Therefore, testing products takes longer than expected. It doesn't mean you should wait forever before buying them. Instead, you should experiment with different products until you find one that fits your budget requirements and lifestyle.
16. Is It Possible To Sell Digital Goods Through Affiliate Marketing?
Yes, digital goods include software, apps, games, music, movies, audio books, etc. Usually, these products aren't physical. Hence, you won't have to ship them anywhere. All you need to do is upload files to a server and share links with your subscribers.
17. Am I Able To Use My Commission Check Every Month?
No. Commissions earned during the initial period will be credited to your account within 7 days. Subsequent payments depend on the terms of individual agreements.
18. How Long Should I Wait Till Responding To Inquiries?
Generally, people expect instant responses. Nevertheless, you should respond promptly to inquiries. Otherwise, your chances of converting prospects decrease significantly.
19. Can I Work From Anywhere?
If you prefer working remotely, you can hire virtual assistants or freelancers to handle tasks that you used to perform manually. You can also utilize cloud computing solutions to automate repetitive processes.
20. What Should I Do If Someone Cheats Me?
Some unscrupulous individuals will cheat you by claiming to be affiliates. Never believe anyone who claims to belong to an organization without verifying first.
21. How Do I Know Whether I'm Making Enough Money?
Don't worry about it. Most affiliate programs pay recurring commissions, meaning you will never run out of funds. Besides, you can always opt to invest extra funds into your business to boost profitability.
22. How Do I Avoid Fraudulent Program Owners Who Want To Steal My Info?
Be cautious when signing up for new affiliate programs.
Just follow our battle-tested guidelines and rake in the profits.