High Paying Affiliate Programs to Join in Nigeria 2023
The highest paying affiliate programs are typically for software services or digital courses rather than physical products. For instance, brands like Fiverr and HubSpot pay up to $1,000 for a single sale, while BigCommerce and Shopify offer even higher payouts.
Jumia affiliate In Nigeria, is among the greatest affiliate programs for novices. Because of its dependability and regularity in paying partners, Jumia Partner is the most popular affiliate marketing network in Nigeria.
What is the hardest part of affiliate marketing?
the initial setup period
“Perhaps the hardest part of affiliate marketing is the initial setup period, which requires some backend work and interfacing with sellers and various platforms across the web,” said Jeremy Goldstein, CEO of Navitar.
Wanna know what’s so cool about affiliate marketing? Anyone can earn from it without risking much. Although influencers have a fairly large online following to make them great affiliate marketers, you can also make a living from affiliate marketing if you follow a strategy that JUST WORKS!
Influencer or not, to actually earn from affiliate commissions, you must market products that appeal to your target audience. So, it makes sense to target top paying affiliate programs. Isn’t that nice?
If you’re a content creator, you know the value of a recurring revenue stream. And what better way to create one than by partnering with other businesses that offer high-paying affiliate programs?
You can create an income stream and provide valuable content to your readers by teaming up with companies that offer affiliate commissions. For example, if you partner with us, you can earn up to $125 commission per sale.
What Is Affiliate Marketing
The method of earning a commission through promoting another person’s or business’s items is known as affiliate marketing. As per a survey, affiliate marketing is among the top three sources of revenue for 31% of publishers. It is a type of performance-based marketing in which a business rewards an affiliate for each customer brought by the affiliate’s own marketing efforts.
However, many people struggle to get approved for high-paying affiliate programs. Sure, you can easily work with companies offering 3% commissions like Amazon, but what about those that offer up to 10% or even 20% on their product sales?
Partnering with high-ticket affiliate programs unlocks a greater earning potential and allows you to promote products you are passionate about and offer more value to your audience. It all looks merry, but you must consider some prerequisites to make money with these programs, and here is a list of them.
Prerequisites of Getting Successful With High Paying Affiliate Programs
There are several affiliate marketing programs, but all offer different commission structures. And if you want to make the most money out of them, you must go for high-paying affiliate programs.
Here are some things you must consider when promoting these programs.
Have a Well-Established Website or Blog
If you want to promote high-paying affiliate programs, you need to have a platform that people trust. A well-established website or blog is the perfect way to build that trust.
Ensure you provide descriptive and engaging content about your marketing product or service. Quality content attracts your target audience and successfully lands them on your partner’s site to make a purchase.
Demonstrate a Strong Track Record of Sales and Conversions
You don’t want to promote a product or service that people don’t buy. That’s why having a strong track record of sales and conversions is important to show potential customers that you’re promoting a valuable product or service.
Be Professional and Trustworthy
When promoting high paying affiliate programs, you need to be seen as a professional and trustworthy authority. Be clear about the offer and transparent about your affiliate relationships. Don’t try to hide your affiliations, as this will only damage your credibility.
Only Promote the Best Products and Services
Your readers trust you only to promote the best and most trending products and services. That’s why you should be selective about the affiliate programs you promote. Make sure you’re only promoting products and services that you trust.
Provide Value to Your Readers
While promoting high-paying affiliate programs, ensure you’re creating valuable content that includes offering helpful resources, advice, and information. Once users get value from your content, they’ll be more likely to trust you and purchase products through your affiliate links.
In short, to be successful with high-paying affiliate programs, you need to have a quality website, create interesting and engaging content, build a strong social media presence, and cultivate a reputation as an expert in your field.
How to Select the Right High Paying Affiliate Programs to Make More Money
Affiliate marketing is one of the most popular ways to make money online. But with the plethora of affiliate programs available, how do you select the best one? Here are a few things to consider before opting for an affiliate program.
Check for Cookie Duration
You must check the cookie duration before choosing an affiliate program, which tells the time limit for a purchase a customer gets after clicking on your affiliate link before the sale is attributed to you. A typical cookie duration is normally between 30–90 days.
Ideally, you want to find programs with longer cookie duration, as this gives your customers more time to make a purchase. Programs with shorter cookie duration are often less lucrative as it’s more likely that the customer will purchase from another site before the sale is attributed to you.
Lifetime or One-Time Commission
You must also consider whether the affiliate program offers one-time or lifetime commissions. We recommend going for lifetime commissions, as they give you commissions on any future purchases your referred customer makes. A one-time commission is still good, but it’s a one-time payment.
The churn rate is the percentage of customers who cancel their subscriptions or stop using the service within a certain period. A high churn rate means many people are unhappy with the service and canceling their subscriptions.
An acceptable churn rate is between 2% to 8%. The lower the churn rate, the better. Higher churn can significantly impact your Monthly Recurring Revenue (MRR).
The churn rate is important because you want to promote something people use and love. If the churn rate is too high, likely, people will not continue using the service for long, meaning its affiliate program won’t make you much money.
Some affiliate programs have a minimum withdrawal amount, which is the amount you need to earn before you can request a payout. When choosing a high paying affiliate program, consider promoting products with low minimum withdrawal, or you won’t be able to cash out until you’ve made a lot of sales.
Average Order Value
The average order value is the amount people spend purchasing the affiliate program. AOV is important to consider as it ensures you’re promoting a program where people spend a decent amount of money and not a few dollars.
These are just a few things you should consider when choosing an affiliate program. Doing your research can ensure that you’re promoting a profitable, high-paying affiliate program. If you think this is you, here is a list of the highest-paying affiliate programs to work in 2023.
The DOs of Affiliate Marketing
Do your research
Before you start promoting any affiliate products, it’s important to do your research and ensure you’re comfortable with the products and the company you’re promoting. Read reviews, talk to other affiliates, and get to know the products before you start promoting them.
Choose the right products
Not all products are created equal, and not all products will fit your audience well. When choosing products to promote, make sure you’re choosing products that are relevant to your audience and that you believe in.
Promote products you use and love
It’s much easier to promote products that you’re already using and love. When you’re passionate about a product, it shows, and that passion is contagious. People are more likely to buy from someone who seems to be genuinely enthusiastic about the product.
Don’t just promote products for the sake of promoting them. Add value to your readers’ lives by providing helpful information, resources, and feedback. People are likelier to listen to and buy from you when you provide value.
Keep it simple
Don’t try to do too much at once. When starting, it’s best to keep things simple and focus on promoting a few good products. You can always add more products later, but starting slowly and building your way up is important.
The Don’ts of Affiliate Marketing
This should be a no-brainer, but unfortunately, some people still think it’s okay to spam their affiliate links all over the internet. It’s not. Not only is it annoying, but it’s also a surefire way to get people to unsubscribe from your list and never buy from you again.
Don’t promote products you don’t believe in
If you don’t believe in the products you’re promoting, why would anyone else? Only promote products you would recommend to your friends and family, and make sure you’re passionate about the products you’re promoting.
Don’t be pushy
No one likes to be sold to, and no one wants to feel like they’re being pushed into buying something. Be subtle in your approach, and let people come to their own conclusions about whether or not they want to buy the product.
Don’t use shady tactics
There are a lot of shady affiliates’ marketing tactics out there, and it’s important to avoid them. Things like using fake reviews, manipulating search engine results, and promising unrealistic results are all things you should avoid. Not only are they unethical, but they’re also illegal, and you could get into a lot of trouble if you’re caught doing them.
Don’t try to do it all yourself
You can’t do everything, and you shouldn’t try to. There are a lot of moving parts to affiliate marketing, and it’s essential to focus on the things you’re good at and delegate the rest. Trying to do everything yourself will only lead to burnout, and it’s not necessary.
The programs mentioned in this article are a great option if you are looking for high paying affiliate programs to join in 2023. With a significant commission rate and a wide range of products, you can earn a lot of money by promoting these programs.
However, whatever high commission affiliate programs you choose to promote, be realistic about the product. For example, if you are interested in promoting the products and services of Cloudways, do thorough research about the company and familiarize yourself with everything on offer.
Keep in mind that it’s important to be honest when promoting the above programs. Don’t make false claims about the products or services, and disclose any affiliate relationships.
By being transparent and honest, you’ll build trust with your audience and be more likely to succeed in your affiliate marketing efforts.
Can you make a living from affiliate marketing?
Being an affiliate marketer requires skill, experience, and work. It is not a quick or easy road to success, but when done properly, it can generate impressive income. Here are some of the qualities you will need to be a successful affiliate marketer: An interest or expertise in a certain niche.
What are the most overlooked things in affiliate marketing?
Advertising with an affiliate just once: Frequency is often overlooked in affiliate marketing. Advertising too much (or too little) with a particular affiliate can hurt your chances of success. The frequency will depend on the
platform/channel/website, but you’ll definitely need to advertise more than once and more than three times too.
Best High paying Affiliate Programs
- Amazon Associates
- eBay Partner Program
- Commission Junction (CJ)
- Rakuten Affiliate.