Affiliate marketing is one of the oldest forms of digital marketing where you refer someone to a product online and when that person buys the product based on your recommendation, you receive a commission.
All the big companies like Amazon, Apple, Google have an affiliate program that anyone around the world can join for free. If you did not know then pay close attention to the rest of this guide my friend, you are about to discover one of the most interesting aspects of making money from home.
This commission ranges from $ 1 to $ 10,000 depending on the product you are promoting.
How affiliate marketing works in 4 easy steps:
You join an affiliate program (here is a list to get started)
Select a product to promote (you will get a unique affiliate link)
Share the link through social media, blog, YouTube videos, Facebook ads or any other form
When someone makes a purchase, you earn an attractive affiliate commission.
The following infographic will help you understand the life cycle of affiliate marketing:
What is affiliate marketing
Savings
So, in simple terms:
Every company that sells products online has an affiliate program that they can join and can participate for free. It's as easy as creating an online profile.
You can simply sign up for the program and receive your unique tracking link. Now when you are writing about your product, you can use this special tracking affiliate link to recommend the company website.
When your readers / traffic buy something by clicking on your affiliate link, you will receive a commission.
Is it as simple as it sounds?
yes and no!
Yes, for 2 reasons:
Participation in an affiliate program
Payment
It is very easy. Thanks to advancements in digital marketing and services like PayPal and Payoneer, all of this is automated.
The hard part is how much you want this.
To be successful in affiliate marketing, you need to exercise regularly (daily). Think of this as learning to play cricket and the only way you can improve by showing up on the court every day.
And then there's another part, as we take on more responsibilities in life (work, kids, parents, spouse, weekend parties), we find it difficult to spend time learning new skills.
The question arises:
How much do you want that?
How much do you need this?
If your want or need falls into the "uncertain" segment, take a 360-degree look at life and ask what you have to lose and what the potential gains are.
If you put in 12 hours a day for a few months, you can have a lifetime of financial freedom - that doesn't sound like a bad deal.
Plus, it's a proven method that works.
Continue…
See Also:
Best Affiliate Programs For Travel Bloggers
Top Affiliate Networks To Find Affiliate Programs [Megalist]: 2020 Edition
How To Start Affiliate Marketing For Beginners:
You Can Enter Affiliate Marketing . many possibilities begin.
Here are a few to choose from:
Start a blog in a specific niche and use it to promote a product. This is by far the cheapest and easiest way to start an affiliate marketing business. Example: start a blog about women's shoes, home work products, etc.
Buy traffic from PPC sites like Google, Facebook, Quora and increase traffic to related products or services. This is called PPC marketing, and anyone who has completed a basic digital marketing course could understand it better. Give it a little time to rest and you will understand.
Create a YouTube channel and promote products.
Create an email list by creating a mini site. An example when Finshots
starts a podcast and recommends products.
Here are the steps to get started with affiliate marketing through your blog:
This is just a highlight as we continue in this free course, you will understand everything in greater depth and extension to start your own marketing system from affiliation to create.
Start a blog
Choose a profitable industry, then choose a niche for your blog
Select the affiliate products you can promote
Create content around these products
Drive traffic to your website / affiliate post
Use the services Email Marketing to Collect Email from Visitors
Create an Email Sequence to Automate Your Funnel (We'll talk about this in full shortly)
Focus on generating more traffic and repeating the process.
The reason blogging is one of the most effective ways to get started in affiliate marketing is because it requires minimal investment and you can learn all about it in no time. From now on, the dedication, time, and smart work you put into growing your affiliate business really does matter.
Learn: How Much Does It Cost To Start A Self-Hosted WordPress Blog
Affiliate Marketing Terminologies:
Here Are Some Of The Most Common Affiliate Marketing Terms:
Affiliates: Publishers Like You And Me, The Affiliate Program -Use Links to promote and make sales.
Affiliate Marketplace - There are many marketplaces like Shareable, CJ, and Click bank. These function as central databases for partner programs in various niches.
Affiliate Software - Software used by businesses to create an affiliate program for their product.
Example: First-promoter.
Affiliate Link - Special tracking link offered by your affiliate program to track the progress of your affiliate advertising.
Affiliate ID - Similar to the affiliate link, but many affiliate programs offer a unique ID that you can add to any page on the product page.
Payment method: Different partner programs offer different payment methods.
Example: check, bank transfer, PayPal and others.