Are you looking for the best-selling products for affiliate marketing?
In that case we have some good news for you today!
In this article, we’ll talk about 5 top-selling products in 2020 for affiliate marketing which you can start leverating right away!
We’ll also cover other topics like affiliate marketing basics, how it works, how affiliate marketers get paid, and the reason you should be an affiliate marketer.
For starters, imagine what it’d look like to wake up at an unreasonable hour. Drive to the office via total deadlock, streets congested with many half-sleep travelers. Read through mind-numbing emails until five o’clock. Sounds awful, right?
What if, instead of dealing with the stupor and boredom of the rat race to earn a few bucks, you could make money simultaneously, from anywhere and at any time of the day. Sure, you’d love that.
Well, that’s the idea behind affiliate marketing.
In fact: 84% of publishers and 81% of brands now leverage the power of affiliate marketing. These statistics will continue to increase because affiliate marketing spending increases each year in the U.S. Also, every year, there’s a 10.1 rise in affiliate marketing spending in the U.S., meaning that the number will reach €6.8 billion by 2020.
We can infer from these statistics that affiliate marketing has come to stay. It’s a lucrative venture, but what are the top-selling affiliate products to promote?
We’ll address that question in this article.
WHAT IS AFFILIATE MARKETING?
First off, we’re going to talk about the definition of affiliate marketing.
Affiliate marketing is the process of earning an income by promoting other companies’ products and/or services. It’s a form of partnership where an affiliate receives a commission for marketing other companies’ or person’s products.
The advertiser simply searches for a product they love, promote it to others, and then receives a portion of the profit for each product sold through them.
HOW DOES AFFILIATE MARKETING WORK?
Affiliate marketing spreads the responsibilities of product creation and marketing across parties. It also leverages the capabilities of different individuals for a more operational marketing strategy while giving contributors a share of the profit.
For affiliate marketing to work out, the following parties must be involved:
- Seller/product creators
- The advertiser/affiliate and
- The consumer
Let’s delve into the relationship that exists between these three parties.
The seller, whether a large enterprise or a solo entrepreneur is a merchant, retailers, product creator, vendor with a product to market. The product can either be a service (like Instagram Growth) or a physical object (like household goods).
The seller doesn’t need to be actively involved in marketing, but they can be the advertisers. In such cases, they can profit from the revenue sharing associated with affiliate marketing.
Also referred to as the publisher, the affiliate can either be a company or an individual that markets the seller’s product in an engaging way to potential consumers. It’s their duty to persuade customers that a product is beneficial to them and convince them to buy the product. If a customer ends up buying the product, the advertiser will receive a share of the income made.
Usually, affiliates advertise products to a precise audience.
Anytime consumers buy a product, the affiliate and the seller share the profits. In some cases, the affiliate will choose to be frank with their customers by informing them that they’re receiving a commission for every successful sale. Other times, the consumers might be unaware of the infrastructure behind their purchase.
Either way, customers rarely pay more for the products they buy through affiliate marketing. The advertiser’s share of the profit is included in the retail price. Typically, customers will complete the buying process and receive their products, unaffected by the affiliate commissions which they play a significant role.
Now before getting into the top selling products, if you’re into affiliate marketing or fulfilling any type of marketing role at your current business or firm, I STRONGLY Suggest filling in this 60 second questionnaire below to get a personal plan on how you can lift your (affiliate) business to 5,6 and even 7 figure months.
TOP-SELLING PRODUCTS FOR AFFILIATE MARKETING IN 2020
Here’s a collection of the best selling affiliate products in 2020.
1. Home Automation
The home automation business has considerably grown over the past five years. This is mainly because of important innovations like smart speakers, smart thermostats, and smart T.V.s for smart homes.
These indispensable products are one of the top-selling, and they have a huge consumer base which directly converts into a lucrative market for the affiliate marketers.
From the little devices that you can just put on your counter to refrigerators; you can ask your new home automation companion to do things for you, buy things for you and look things up.
Interested marketers can contact manufacturers of home automation devices to get these products at reduced prices so that they promote them and receive better commissions.
2. Phone Accessories
No, we’re not talking about cheap plastic protective cases.
Given the launch of mid-range and flagship phones, the marketing for phone accessories will keep rising. However, don’t waste your money and time on cheap imitations, you can instead partner with renowned phone accessory manufacturers.
Some ideal, top-selling phone accessories are no-brand wireless earbuds, LED-backed phone cases, and Bluetooth based products like speakers.
These products have grown in popularity. Even though they’re many constraints to operating them, its market hasn’t shown any sign of slowing down in the nearby future.
Presently, drones aren’t only used for amusement. They’re also used for business and commercial purposes like in professional photography. The best part is that there are many drone manufacturers and different existing affiliate programs in this industry.
4. 3D Printers
We’ve gone beyond the days when you’d need to sell some parts of your body to be able to purchase a printer. Today, the cost of owning a 3D printer has considerably gone down, with expected outcomes. Also, it’s very much possible for anyone to afford a portable 3D printer.
These printers are much more than just a hobby tool. There are serious applications of 3D technology in many manufacturing and fabrication scenarios. With the rising conviction that 3D printers are much more accessible to own, you definitely would want to take advantage of this evolving trend.
5. Virtual Reality
Yes, exactly. Virtual reality is also a top-selling product. V.R. products are finally taking off. Due to the development of V.R., companies selling these products now enjoy better public interests.
In every capacity, no one can deny the huge potentials and market of VR-focused products and/or services. At the beginning of this year, Mark Zuckerberg announced that Facebook would launch a new headset that might likely go onboard next year.
He confirmed that even though it’s already late for this holiday season, there’s a huge possibility it’d still be ahead of the rivals.
HOW AFFILIATE MARKETING PAYS?
Affiliate marketing is an inexpensive and quick method of making money without the stress of actually selling a product. It has an indisputable draw for those who’re looking to increase their income online. But then, how do these marketers get paid after linking sellers to their customers?
The answer is somewhat complicated.
In some cases, the customer doesn’t need to purchase a product before an affiliate can get a kickback. An affiliate’s contribution to the seller’s sales is dependent on the program and agreement between the seller and affiliate marketer. The affiliates get paid in any of the following ways:
Pay Per Click:
Pay per click focuses on giving the affiliate an incentive to redirect customers from their marketing channel to a merchant’s site. Meaning, they’ll have to engage the customer to the point that they’ll move from the affiliate’s website to the merchant’s website.
In this program, the affiliate receives a commission based on the increase in web traffic.
Pay Per Lead:
Pay per lead is a more complex program where an affiliate is rewarded based on the conversion of leads. In this program, the affiliate must motivate customers to visit a merchant’s website and complete the desired action(s). Whether it’s subscribing to a newsletter, signing up for a product trial, filling out a contact form, downloading files or software.
Pay Per Sale:
Pay per sale is the standard affiliate marketing program. Here, the affiliate is paid a percentage of the sale price of a product after the customer makes purchases as a result of the affiliate’s marketing tactics. In other words, affiliates will receive compensation after a product has been purchased through their help.
REASONS YOU SHOULD BE AFFILIATE MARKETING
Flexible and Convenient:
Since affiliate marketing is more like a freelancing job, you get independence in setting your own goals, choosing the products that interest you, redirecting your path when you feel so inclined and even determining your work hours. This convenience means you can either focus on a simple, straightforward campaign or diversify your portfolio. You’ll also be free from company restrictions, regulations, and ill-performing teams.
With other office jobs, you’ll still earn the same salary even if you work for 80-hours per week. On the other hand, affiliate marketing is based on your performance. Your earning is dependent on your marketing efforts. Writing engaging campaigns and horning your reviewing skills will lead to direct improvements in your revenue.
Most businesses need startup fees and cash flow to finance the products they sell. However, the cost of affiliate marketing is very low: you can quickly get started without any hassles. Also, you don’t need to create a product, and there are no affiliate program fees to worry about. Affiliate marketing is relatively straightforward and cost-effective.
Work from Home:
If you don’t love going to the office, then affiliate marketing could be a perfect job to consider. In affiliate marketing, you’ll be able to launch marketing campaigns and earn from the products that sellers create: all from the comfort of your home. Affiliate marketing is a job that you can do without ever getting out of your nightclothes.
No Customer Support:
Individual companies and sellers offering products and services have to deal with their customers and ensure that they’re pleased with every product bought. Many thanks to affiliate marketing: you’ll never have to be worried about customer satisfaction or customer support. Your job as an affiliate marketer is to connect the seller with the customer. It’s the seller’s responsibility to handle the customer’s complaint.
While your regular job demands that you be at work to make money, affiliate marketing allows you to make money even while you’re asleep. By investing your money into a campaign, you’ll get continuous ROI as customers purchase products over the following days, weeks, and months. In affiliate marketing, you’ll get to earn a steady flow of income, even when you’re not in front of your computer.
Just a recap.
In this article, we began by explaining what affiliate marketing is and how it works. We also talked about 5 top-selling products in 2020 for affiliate marketing, how affiliate marketers get paid and then rounded up with some of the importance of being an affiliate marketer.
If you’re looking to gain control of your income by focusing on performance-based revenue options, then affiliate marketing is a perfect solution to consider. A passionate affiliate marketer will be able to earn passive income right from the comfort of their home without the worry of producing their products and/or service.
One thing that you must remember is that, as an affiliate marketer, you need to stay updated with market trends. Also, try to keep a close watch on the viability of trending products and the things that work best for you.
You can also go with your instinct. And if you want to make things easy and confirm what you see online, you can use tools like Google trends. Or search for best and popular products on marketplaces like Amazon.
What are your thoughts? Are you an affiliate marketer? What do you think about the 5 top-selling products in 2020 for affiliate marketing? We’d be happy to hear from you; please share your thoughts in the comment below.