This is how startup companies saving millions of dollars using Affiliate Marketing.
Affiliate Marketing is growing substantially day-by-day. Globally affiliate marketing is industrially worth over 12bn US Dollars in 2021.
Affiliate Marketers help startups/companies to get more branding and sales through there promotional strategies throughout internet and takes a generous commission which company provides them. This will be there income and they don’t charge any fees to promote. They put there strategies and money for promotions and if they generates sale from it then itself they will get paid.
So, this can be a huge benefit for startup companies because its stated that 60% of the whole budget goes for the promotions when a company is registered or started. And companies can save the whole cost of there advertising budget.
Lets dive in to the actual juice and discuss how an affiliate marketer is a perfect choice for startups.
1. Lower your investment: (For Startups/Businesses)
As we discussed earlier affiliate marketers use there own strategies to generate sales and create brand awareness for the audience all over internet. There are actually some parameters for that.
Affiliate Promotes your content through internet.
Creating attractive eye catching posters, banners providing your brand or product info. banners will be placed all over the social media and search engines. tending customers to provide freebies and capturing leads. then running a email campaign to educate about your product and explain the benefits for purchasing the product through there link
Writing articles and do content marketing So that the targeted people who are really hot audience and searching for the exact product or service on internet. bloggers generate more of the income just playing with SEO and Affiliate products to generate sale for companies
Reviewing your whole system and educate people about your content in youtube and social media. Now-a-days reviews system is going boom for affiliate marketers. creating a video about product/service and sharing there experience with the product/service. and promoting there affiliate links become more successful method known in affiliate marketing
2. Increase your Brand awareness:
The main strategy to use affiliate marketing in startups is maximum about brand awareness.
Improves brand awareness:
Affiliate Marketers basically promote your content to there audience and also with paid advertisements to improve your brand status and let people know you with your brand and your purpose to be there perfect match.
If we go for actual brand awareness programs by the social media influencers its too costlier because they have a huge following and brand impact and main problem is after investing so much money with the influencers still there is no such guarantee because we cant know how many of there audience are our targeted customers.
But, When it comes to affiliate marketing they just show your brand identity to the targeted customers related to your product or service so that we get maximum results with low cost and generate results in very small time.
Provide brand identities:
They provide your brand identities to gain trust in the audience and change perception in your audience’s minds that you are not any random company grieving for profits other than customers satisfaction.
Now-a-days in online there are too many companies with fake promises. People fed of fake promises and are not getting the actual product/service which is going to solve there problems.
Then people comes to a stage where they just want to cope up with there situation rather than solving it and wasting there hard earned money and time which is never coming back.
So, providing a brand identity that your company provides the best support and quality to the customers gives a strength to your audience and that can be done with the affiliate marketers
When it comes for buying a product/service in online. people look into this this called reviews and testimonials. this ensures them that the actual product/service is tested and used by many other customers which tends them to a secure feeling to buy the product
As a startup company we don’t have enough resources to overcome this problem. but affiliate marketers uses your own product and give you a review and testimonial which also helps him to convert that product/service easily to your audience
If you want to overcome this situation in the starting stage. i got a brilliant idea for you.
Provide some of the audience a discounted price or free product in order ask them the review or testimonial for getting the product for a way less than it actually is. strategy and planning is the most important way in starting your own empire.
As a startup company finding affiliate marketers in the first place is a more difficult way. the question arising majorly is where do i find affiliate marketers for my startup and how to contact them.
Don’t worry, I will make your work easy.
You can find the best affiliate marketers easily by searching reviews in youtube on your niche. You can get there contact and reach out to them and explain the whole thing and then you can fix a certain commission by talking to them.
Providing affiliate marketers all the sources needed for promoting makes the thing very easy to them. providing the tools like targeted audiences, images, ideas, keywords to target, locations to target makes them to loose time in testing rather than jumping into action to promote and also get you sales.
You can also get affiliate marketers by posting ads in classifieds, freelancing websites, posting details in famous marketplaces like click bank, JV zoo, warrior plus, CJ affiliate and so,on.
If you focus and get 30 best affiliate marketers who make 30 sales each every month for a product cost 3000rs with 50% commission rate
You can still earn up to 13,50,000rs per month even after providing them the commissions. This can be a magnificent way to generate more sales and also income which can be useful to grow your startup company.
also read : Best Websites To Start Affiliate Marketing
Choosing affiliate marketers make your business to grow substantially. As in initial stage its too important to save your budget to invest further in your business to grow. choosing a right affiliate partner can bring up major changes in your whole startup business. Providing the affiliate marketer what they initially need to promote your product/service improves your sales.