Deemed as one of the original forms of marketing, Affiliate marketing is referring people to buy products online and receiving a commission when the consumer buys it based on your reference. The amount of money you receive as commission varies from a few dollars to thousands of dollars based on the price of the products. This type of marketing is a very profitable way to make money online without much investment. There are many affiliate programs which you can choose from; the Wealthy Affiliate review which is very promising.
How does affiliate marketing work?
Companies who sell products online offer programs called affiliate programs. As mentioned in www.forbes.com an affiliate marketer signs up for one such program, and the company provides a unique link for tracking the sales. Whenever you are recommending the product via a blog or a social media post you have to use this unique affiliate link which when clicked takes you to the company’s website. When the reader of the post or blog buys something from the site, you get a commission.
Online shopper decides to buy an item.
Based on your review of the product the user clicks on the unique link.
The consumer lands on the merchant site through the affiliate link.
The shopper likes the product that is on the company website and decides to buy it; the affiliate gets a commission as a reward.
Common terminology used in affiliate marketing
Affiliates: Anyone who uses the affiliate program links provided by companies to promote and boost sales.
Affiliate marketplace: These are places which act as a centralized data store of all affiliate programs based on different vocations.
Affiliate links: Unique link given by affiliate programs for tracking the promotion done by affiliates.
Landing page: A web page created by companies which highlight the products the company is promoting. There can be many landing pages to see which one can give the best sales for the enterprise.
Below are some inquiries that are very frequently asked.
What is the minimum qualification needed to become an affiliate marketer?
There is no such cap on minimum educational requirements, but having excellent written communication and marketing skills is an added advantage.
What is the initial investment for joining an affiliate program?
Joining an affiliate program will not cost anything, but based on the promotional technique you implement you will have to invest. If you promote the product using blogs, it does not cost you anything. However, PPC, Email Marketing or using Google AdSense will cost you.
How much money can you earn as an affiliate marketer?
The money that you can earn from affiliate programs is limitless. It all depends on the promotion strategy you adopt to boost sales as this is what will lead you to more commission from the merchants.
How to find products to promote?
You can start your marketing research in affiliate marketplaces. You have the option of choosing the products and also checking the best performing affiliate programs. You can also check the blogs posted by others to see products they are promoting.