Explained: What is Affiliate Marking?
Affiliate marketing is one of the best marketing strategy where you refer someone to buy any online product on behalf of a company and when that person buys that product based on your recommendation, you receive a commission.
This commission varies from 2-20 % of the sold Product’s main price. It’s like revenue sharing for promoting their product to another person.
Let’s make this simple in 4 easy steps.
1> You decided to promote a product of company named “X” online.
2> You got affiliate product link from “X” to promote it on your website
3> Your friend visited your website, clicked that link and purchased that product for $100
4> “X” company then rewarded you with a commission of $10
100% unlimited Passive Income :
Yes you read it correct, Affiliate marketing is 100% unlimited passive income. The idea behind it is that you promote products of different company, earning a commission if people buys that product. It’s like earn money while you are sleeping and you can earn as much as you can 🙂
Also we can simplify the idea by this above picture. Advertiser is the Company who want to sell it’s product. Publisher is the person who is promoting some product of the Advertiser and lastly Consumer is who is buying that product through the publisher.
What is the cost to join an affiliate program?
It’s absolutely free for joining an affiliate program, however it depends on which platform you are using to promote your affiliate ad. If you are using your own website to promote then it’s absolutely free. But if you are using some paid marketing then it will cost you.
How to do affiliate marketing and how can I Make money from it ?
If you are ready to start earning by Affiliate marketing then follow these simple steps
- Choose your preferred platform where you want to promote affiliate links and banners. My suggestion is go for your own website/Blog where you are getting 1000s of audiences daily.
If you don’t know how to create a website then follow this link to Best Adsense alternative for website
- Choose an affiliate marketing website according your country and region.
Now a days ClickBank became highest paying affiliate market website with world wide coverage and high quality of products.
Also you can choose your own affiliate website, let’s say you want to be an affiliate of GoDaady then search on google “Affiliates GoDaady”.
- Sign-up in your preferred affiliate website with your email id and all correct information. Choose your payment method or you can skip it for later.
- 4th and most important step is to choose a product which you want to promote. These websites pay for various types of advertising like mobile app installation, clicking their push notification purchase from their website etc. So my personal suggestion is based on your traffic choose a product which you want to promote or simply select their push notification banner which will randomly display recent ads.
- Once you are all set your ad, generate the ad link and go to your website and paste these links where you want to promote these.
- Once all links are pasted in your website, then you will see ad banners like below. If someone clicks the ad and made a purchase then you will receive some commissions. Later you can transfer this amount to your bank.
Now a day’s people are using YouTube to advertise the affiliate products which is quite faster. If you want to advertise your affiliate links in YouTube then comment below, So that we will make a separate post to earn money from YouTube by using affiliate links.
How much money can I make from affiliate marketing?
As I mentioned above, there is no limit of amount of money you can earn from affiliate marketing. It all depends on which product and program you’re promoting and how many buyer you are adding. I have seen many people started with $0.5 as first affiliate income, and now they make almost $4k-5K/month by promoting products which I use every day. 🙂
Don’t wait and start making money from affiliate marketing today. I will keep adding more tricks to earn from affiliate marketing, So please go ahead and book mark my website.
Also keep in my mind at the end of the day if no one clicked your affiliate link to make any purchase, your earning will be 0. So always help others so that others can help you. 🙂