Affiliate marketing is a great source of income generating technique if you have an online presence in Nepal. Here, an online presence can be websites or social media accounts. Basically, in affiliate marketing, you promote someone else’s product and for every sale made through your promotion, you earn a commission.
It is relatively new in the context of Nepal. However, when Daraz started its affiliate program in Nepal, there is curiosity among people. And, people are starting to explore it as a new source of income. Still, not all people are well aware of the great potential of affiliate marketing in the context of Nepal.
In this article, you will learn everything about Affiliate Marketing in Nepal.
What is Affiliate Marketing?
As discussed earlier, affiliate marketing is commission-based marketing. Here, you promote products and services of other companies and earn a commission on every sale you made through your promotion.
Parties Involved in Affiliate Marketing
There are 3 parties involved in affiliate marketing. To understand each party and their role, let’s take the example of the Bizinice Affiliate Program in Nepal.
1. Product Owner
Anyone who owns and sells the product is a product owner. Bizinice is a is a local platform in Nepal powered by Ecommerce Sathi Pvt. Ltd. And, it has started an affiliate program in Nepal. Likewise, Bizinice also has its own products and courses which you can affiliate and earn commission in Nepal.
2. Affiliate Marketer
Anyone who promotes the product is an affiliate marketer. To be an affiliate marketer, you have to sign up for the Bizinice affiliate program. And, once accepted, you can promote the products on your platform (blog, social media, or youtube). Here, Content Creators are Affiliate Marketers.
3. Consumer
Anyone who buys the product is a consumer. When your audiences like the post, they will visit the product through your promotion. Here, your Audiences are Consumers.
How does an affiliate marketer get paid?
Affiliate marketers are paid on a commission basis.
And, depending upon the policies of companies, affiliate marketers are paid based on:
Lead – numbers of people visiting the product
Sales (most popular one) – commission on each purchase made by the consumers. So even if the person buys the product after few days, the affiliate marketer will get paid. As long as the days don’t exceed the expiration date mentioned in the affiliate program.
Now you know how Affiliate marketing works, let’s explore its benefits.
Benefits of Affiliate Marketing in Nepal
Affiliate marketing has been the main source of income for many people. And, some people have built a whole business around affiliate marketing.
Some of the major benefits of affiliate marketing in Nepal.
1. You can earn from other’s product
2. You can get Financial Freedom
3. You can sell to people all around the world
4. You can scale easily
5. You can build a strong relationship with people
6. Don’t have to create own products
How to Get started with Affiliate Marketing in Nepal?
Here you will get a step-by-step procedure to start affiliate marketing in Nepal.
1. Choose your Platform
Earlier we discussed that an affiliate marketer promotes other’s products on their platform. So, it’s obvious that the first thing you need is a platform of your own. The platform can be anything, it can be your blog, social media page, YouTube, and so on. Even some people are doing affiliate marketing through newsletters. So, there is no rule that you should stick to only websites and blogs for affiliate marketing.
2. Choose your niche/product
In affiliate marketing, choosing a niche means choosing the type of product you want to market. Many people consider niche selection and product selection as two different approaches. However, you should always keep these together. Always select a niche by keeping the product in your mind. For instance, if you are thinking about tech-related products then don’t start blogging about fashion.
3. Build Audiences (Visitors)
Before you apply for any affiliate program, make sure you have some audiences. This will increase your chance of acceptance. Few audiences mean few sales. And, companies might not be interested in investing on platforms with less scope. On the other hand, with higher audiences, there is a high chance of sales on regular basis. And, it’s sure companies will invest in platforms with high audiences.
4. Choose Affiliate Program
When it comes to choosing affiliate programs, there is not much option in Nepal. Bizinice is the best affiliate program right now for you to generated good income from home.
5. Create Valuable Content
We have been hearing that lots of affiliate sites are hit by Google algorithms. And, with the new Product Review Update, you cannot get away with the poorly written article. So, don’t make your article looks like an e-commerce product page.
Future Scope of Affiliate Marketing in Nepal?
The recent adaptation of affiliate programs by different brands has laid a path for affiliate marketing in Nepal. And, it will be the next big thing in Nepal. Apart from that, let’s see some of the factors that will help in growing affiliate businesses in Nepal.
- The recent rise of Digital Marketing in Nepal will play an important role here.
- An increasing number of local bloggers and content creators.
- Development of proper tracking tools.
- Realization of opportunities from brands.
- New policies against the minimization of fake products.
If you are planning to explore and try your luck here, this is the right time to start. It’s because affiliate marketing in Nepal is at its initial phase. And, when it is fully grown, you will be ready for it.