February 24, 2024

Affiliate marketing

In this economy when finances are tight for everyone, not just young families are struggling with rising mortgage and rent costs, or pensioners who have limited finances.  Even the big corporations are having to tighten their belts.  Unless we have a crystal ball, none of us know what the state of the economy will look like in 2024.

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Affiliate marketing, unlike TV advertising campaigns or bill-boards, is the promotion of goods and services by people who use the products and are enthusiastic about the quality.  We love telling friends and family about the products that are superior to the ordinary, often cut-price goods offered in supermarket or now discount stores and web-sites.

Often when I read posts on Facebook or Instagram, my nieces or in-laws are “raving” about a holiday they have just returned from, or (my nieces, especially) are showing an outfit they have just bought for a special occasion.  I first learned about affiliate marketing from one of my nieces who loves fashionable outfits.  Whenever she bought an outfit she loved, she showed it off on Instagram.  I admit, I am too old for her style, but I always give her a big “like”.  Over time, she has built a following of people who are impressed by her knowledge of fashion, her flare f0r putting together an outfit which works and looks so stylish.

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I was talking to her a few years ago and she told me that her plans for the future were to give up the day job and build her own home business doing something that she loves.  She has built a loyal following of people who read her recommendations of criticisms of outfits she has put together.  Often she makes the right decision right at the start and the outfit is stunner, people follow her advice and every time somebody makes a purchase, my niece earns a small commission.

Her brand of style has changed with the fashions and as her life has changed with marriage and children.  She now promotes some children’s wear if she feels it is value for money and looks good.  She likes to include her husband, but he hates being the clothes-horse despite her choices looking great on him.

It is nearly ten years since she first began posting photos of herself in the new outfit she’d just bought.  I guess affiliate marketing is not necessarily a business that becomes an overnight success.  But if, like my niece, the day job can go and now she is her own boss, with a very tidy income which she has increased year on year, as her friends referred her to their friends and family.

I am so proud of her achievement and I hope that I can build a loyal following like hers.

 

Affiliate marketing is a revenue-sharing marketing method in which a third-party affiliate, such as a blogger or YouTuber, advertises a business’s goods or services to help them meet sales or marketing goals. A business might work with an affiliate to increase sales, web traffic, and brand awareness at a low cost and connect with a specific affiliate audience (e.g., a shoe company that partners with a fitness blogger to target fitness-minded readers). In turn, affiliates earn a percentage of their sales or customer traffic due to their marketing efforts.

THIS IS THE YEAR FOR TAKING CHARGE OF OUR FINANCES.  THE RATE OF INFLATION IS RISING FASTER THAN ONE OF ELON MUSK’S SPACE X ROCKETS, AND MONEY IS FLYING OUT OF OUR POCKETS.  I WOULD LIKE TO INTRODUCE PEOPLE TO AFFILIATE MARKETING; A BUSINESS PLAN YOU CAN START IN YOUR SPARE TIME WITH NO FINANCIAL INVESTMENT UNTIL YOU HAVE PROVEN IT WORKS FOR YOU.

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STANDARD PROGRAM COMMISSION INCOME TABLES FOR SPECIFIC PRODUCT CATEGORIES
Amazon UK Site Standard Commission Income
Product Category Direct Qualifying Revenues per month Standard Commission Income
Direct Qualifying Purchases Indirect Qualifying Purchases Amazon Influencer Page
Amazon Games 20 % 1.5 % 20 %
Amazon Fashion
Apparel, Shoes, Jewelry, Watches, Luggage, Amazon Fashion Women, Men and Kids Private Label, Prime Try Before You Buy, Luxury Fashion
< 15,000 £ 10 % 1.5 % 10 %
≥ 15,000 £ 12 %
Handmade 10 % 1.5 % 10 %
Home
Furniture, Home Improvement, Home, Kitchen & Dining, Patio, Lawn & Garden, Power & Hand Tools
< 40,000 £ 7 % 1.5 % 7 %
≥ 40,000 £ 8 %
Consumables
Beer Wine & Spirits, Baby, Grocery, Pet Products, Beauty, Luxury Beauty, Health & Personal Care, Personal Care Appliances, Stationery & Office Supplies
< 20,000 £ 6 % 1.5 % 6 %
≥ 20,000 £ 7 %
Digital and media
Books, Kindle eBooks, Music, DVD and Blu-Ray, Digital Video Games, Software, Digital Software, Digital music, Digital video
< 7,500 £ 6 % 1.5 % 6 %
≥ 7,500 £ 7 %
Hobbies & Auto
Outdoor Recreation, Toys & Games, Sports & Fitness, Musical Instruments, Car & Motorbike, Business & Industrial Supplies
< 20,000 £ 6 % 1.5 % 6 %
≥ 20,000 £ 7 %
Amazon Devices
Fire TV, Kindle and Echo Devices and Accessories
< 5,000 £ 3 % 1.5 % 3 %
≥ 5,000 £ 4 %
Electronics & Computers
Computer, Electronics, Camera, Major Appliances, Home Entertainment, Smartphones and Mobile Phones, Video Games
< 40,000 £ 3 % 1.5 % 3 %
≥ 40,000 £ 4 %
Video Game Consoles 1 % 1 % 1 %
Supermarkets on Amazon 3 % 0 % 3 %
All other Products Categories (excluding Gift Cards) 3 % 1.5 % 1.5 %

2023, THE YEAR OF FRESH IDEAS

THIS IS THE YEAR FOR TAKING CHARGE OF OUR FINANCES.  THE RATE OF INFLATION IS RISING FASTER THAN ONE OF ELON MUSK’S SPACE X ROCKETS, AND MONEY IS FLYING OUT OF OUR POCKETS.  I WOULD LIKE TO INTRODUCE PEOPLE TO AFFILIATE MARKETING; A BUSINESS PLAN YOU CAN START IN YOUR SPARE TIME WITH NO FINANCIAL INVESTMENT UNTIL YOU HAVE PROVEN IT WORKS FOR YOU. IS T


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STANDARD PROGRAM COMMISSION INCOME TABLES FOR SPECIFIC PRODUCT CATEGORIES
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