What is Affiliate Marketing and how does it work?
Affiliate Marketing is simply a marketing method in which you recommend other people’s products or services to potential buyers and you get rewarded (commission) for every sales achieved from the customers or potential buyers you refer.
First, you have to find a company or product that you want to promote. You need to select a product or service that you believe will be relevant to your blog’s topic and useful for your audience. Next, you have to partner up with the company by joining their partner program. This makes you their ‘Affiliate’. Some companies also use the terms associates, partners, etc.
Depending on the type of Affiliate Marketing you signed up for (Online or offline), you would surely have an affiliate link (URL) dedicated to you, or a unique referrer number (if you’re promoting offline). You share that unique URL with your subscribers, site visitors, and social networks. You can promote the product by adding an in-depth product reviews, recommend it in your articles, display banner ads, sending an email newsletter, and more. When someone clicks on that link, affiliate software records that click and any resulting product sales in the affiliate’s account. When commissions reach a pre-determined threshold, the affiliate is paid.
People who’ve never tried affiliate marketing either think it’s too easy or too hard for it to work. Some even believe only the lucky get rich and all others won’t be able to make more than a couple of bucks a month. In reality, it depends on what you’re trying to accomplish. Affiliate marketing is NOT easy money and you won’t get rich overnight from it. There is money to be earned in affiliate marketing, but whether you’ll earn from it or not will depend on a lot of factors such as your commitment, experience, site traffic, etc.
What are the Advantages of Affiliate Marketing?
Imagine living a lifestyle where you can make money anytime (even when you’re sleeping) or travel round the world and still getting paid doing what you want and love doing?
You don’t need much investments or capital to start your own Affiliate marketing business. You don’t need a product of your own to get started! Meaning: no headache of product creation. But, if you want a big change in your life, you will have to invest some time and money in your education. Also a mentor will help you a lot.
Affiliate marketing has a higher return on investment (ROI) if compared to other businesses. Basically you can earn up to 80% commission on some products (mostly digital products).
Your income opportunities in Affiliate marketing has no limits, except the limits you put on yourself. There’re lots of Affiliate marketers making an average of $50,000 per month.
There are plenty of benefits and challenges that you will possibly come across as an Affiliate Marketer, but at the end of the day, it all comes down to your ability to eliminate those problems and focus on what matters to you. One of the good sides of affiliate marketing is that the hard work is mostly in your early stage. You can literally learn the exact process or strategy that works and start profiting from it on automation. Meaning: once you’ve mastered the strategy, then the rest is more on autopilot (less work – more money for you). If you want to become a successful affiliate marketer and want to know a lot more about this business, you can sign up here for more information.