Affiliate marketing is one of the most talked-about branches of online marketing. It paves the way for influencers and brands to work collectively. Talking about influencers, Instagram makes an excellent social media platform.
Related: Best Affiliate Marketing Programs for Beginners
Affiliate Marketing on Instagram has grown from $700 million to $1.7 Billion in the span of just two years.
Affiliate Marketing allows the influencers to earn commission on every single sale converted through their reference. It proves beneficial for both the brand as well as the influencers to get associated with affiliate marketing platforms.
In this article, I will discuss how you can get started with Instagram affiliate marketing and share some Instagram affiliate marketing ideas.
Let’s start!
Benefits Of Affiliate Marketing Through Instagram With The Help Of Influencers
Marketing your offerings through Instagram will fetch you some excellent results because of the abundance of influencers present. You will get influencers to collab with your brand on Instagram irrespective of your industry or scale of operations.
Related: The Definitive Guide to Target Micro Influencers
Here are some benefits of marketing your products and services on Instagram with the help of influencers.
- Improves brand engagement
- Enhances brand visibility
- Establishes a brand authority
- Facilitates the rapid increase in the revenue
- Promotes relationship building and maintaining them with the influencers.
Related: What is Influencer Marketing?
How To Start Your Affiliate Marketing Journey on Instagram?
If you are a newbie and are baffled, then don’t be. I have mentioned a quick process that you need to follow to get started.
Here are the systematic steps that you must follow in order to start.
Step 1 – Pick an Affiliate Network
Selecting an affiliate network will give you several benefits like reporting tools, tracking technology, payment processing, and access to an existing influencer base. Some of the crucial affiliate networks are Pepperjam, CJ Affiliate, and AWIN.
Related: Best Affiliate Marketing Programs
Step 2 – Set Your Commission Brackets
You need to calculate the commission rates that you will be able to pay to your influencers for every sale they drive-in. There are undoubtedly several ways to calculate your commission rates, but some of the most prominent ones include analyzing your profit margins, asking out your affiliate network, and carrying out competitor analysis.
Related: Best Affiliate Marketing Strategies To Earn More Money
Step 3 – Create a Lucrative Affiliate Program
While creating an affiliate program, put yourself in the shoes of participants. You would want a lot of people to enrol in your affiliate marketing program. Hence, play your cards smartly. Smartly planning your program will make all the difference.
Related: Affiliate Marketing Hacks For Beginners
One of the exquisite ways to enhance your affiliate program’s reach and participation will include designing a tiered program. Including an option to unlock the additional benefits in your tiered program will pump your participants to do better and get rewarded for the efforts they’ve put in.
Step 4 – Find Influencers on Instagram
There are undoubtedly several ways in which you can find influencers to market your offerings on Instagram. But you need to understand that every business is different in its ways, and so are the requirements and purpose of collaborating with the influencers.
Related: Best Instagram Influencer Marketing Strategies
You must watch out for the quality of the influencers instead of the quantity. While selecting the influencers, consider sending some material, including brand regulations and the frames that need to be kept in mind by the influencers to create “User Generated Content” (UGC). This is important because the influencers must deliver the actual brand motto and purpose towards 0society.
Step 5 – Adjust & Analyze
After you have designed your affiliate programs, you have to keep a regular check on its performance. If you have opted to develop your affiliate program through a network, you must check the detailed reports prepared and provided. The reports will contain total unique clicks, website traffic, total sales value, etc.
Instagram Affiliate Marketing Name Ideas
Here are some of the best affiliate marketing name ideas for Instagram:
- Speedy Money
- Affiliate Ecosystem
- Market it Affiliate
- Affiliate Bucks Repeat
- Pesos Da Affiliate
- Almighty Affiliate
- Flip Coin Affiliate
- Payout Affiliate
- Affiliate Bread
- Affilol
- Affiliate Nation
- Rio de Affiliation
- Make My Money
- Book My Dollars
- Mudra-e-khaas
- Earn Your Rupiya
- Paisa Hi Paisa
- Hold My Money
- Affiliatoholic
- Say Hi To Affiliates
- Book My Affiliate
- Create Your Own Money
- Bring It On
- Make It PAID (here P stands for Pounds, A for Australian Dollar, I for INR, and D for USD)
- Affiliastic (Affiliate + Fantastic)
- Wow Money
- Delightful Affiliate
- Sleep, Eat, Market, Earn, Repeat
- Affiliate Jack
- Affiliate Wisdom
- Affiliate Mantra
- Make it Long Green (Long Green is slang for money)
- Money Spiner
- Make it large
- Affiliate Over Traditional
- Affiliate Tycoon
- Affiliate Gazillionaire.
- Affiliate bonanza
- Multi-milliate (millionaire + affiliate)
- No Investment Earnings
- Earn Your Dream
- Sterling Money
- Fortune Via Affiliate
- Prosper Money
- Wealthy Affiliate
- Affiliate Traders Union
- Rich, Richer, Richest
- My Affiliate My Money
- The Money/Affiliate Factory
- Amazing Affiliates.
Conclusion
Affiliate Marketing is one of the most ideal ways to do business. The most prominent benefit of affiliate marketing is that you don’t have to block a hefty amount of money as capital. Moreover, the returns on the same are extravagant, making it the ideal career choice for the freshers starting their professional journeys. To potentially compound your affiliate returns, use an affiliate email marketing software in tandem with social media. This way you’ll have multiple channels to promote your products on, and so increase your potential for commissions.
