What is affiliate marketing?
Affiliate marketing is a marketing strategy, in which if you refer a person to buy a product from any seller and if the customer buys the product from the seller based on your recommendation, then the seller will give you some commission for referring the product to the customer.
Nowadays most of the companies like online shopping sites and web hosting companies and also other online business companies will offer affiliate programs. Any one can join their affiliate program. And you need to simply sign up for the affiliate program offered. And after joining the affiliate program of a company, you will be provided with a unique tracking id. So with using the tracking id provided for you, you can track the sales from your affiliate links and how much commission you have earned for referring the products.
After joining the affiliate program, write an article in your blog/website describing about the product you want to refer and also ensure to insert the affiliate link in the description.
How affiliate marketing works
To become an affiliate you need to first join the affiliate program offered by the companies. After joining the program you will be given with the unique tracking id. Now you also need to describe about the product in your website or other platforms and make sure to insert the your affiliate link, so that user can redirected to product page.
Now if the customer buys any product using the your affiliate link and the payment made. The affiliate company will pay you some commission for referring the product to customer. In this way one can earn a decent commission from the affiliate marketing.
The percentage of commission is based on the company. You can check the percentage offered for affiliates in the affiliate program description. This may also different for different product. Online shopping companies will offer some amount of commission for affiliates. This will vary from product product. You may get lesser commission on electronic gadgets when compared to clothing.
Advantages of affiliate marketing
It is a great way of marketing strategy. Companies will save their advertising cost. Also they will get more traffic with low investment. They need to spend money when they sale or with low investment there will be more sales.
On the other hand individuals also will get benefitted from this. It is a great way of making money working from the home. It is a part time income source for students and for those who want make money working from the home.
Customers will also get an idea about the product before they purchase.
Why to become an affiliate
- Joining into most of the affiliate programs is easy and free of cost, which sounds good.
- One can earn money working from home just by referring products.
- You don’t need an office for this and you are not going to employ anyone.
- You don’t need to set up any online store or manufacture any product. They are already exist and you need to send people by referring.
- It will provide you a decent income, by working in free hours. It is a better income source to whom work from home.
- You don’t need to be master in any technology or something.
because of above points, becoming as affiliate is good way of earning money from online.
Ways to promote products
You can promote product by placing banner ads on your website. And also by writing a review on product and placing your affiliate link in the description. There are many other ways to promote the affiliate products in your website or any other allowed promoting platform.
How much income one can earn from affiliate marketing
Nowadays most of the bloggers are making affiliate marketing as their main income source. It will provide you a decent income from your blog. In combination with the advertising’s on website, also if you promote affiliate links, they will give you more income. Most of the bloggers are earning hundreds to thousands of dollars from affiliate marketing every month. All you need to be patient and also deliver valid content.