Affiliate marketing is one of the best and most popular methods to make money online. Affiliate marketing is also known as associate marketing or referral marketing. In this article, I will share the basics of affiliate marketing and details about how to make money using affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing means you refer someone to the online product. If that person purchases the product on your recommendation you will get the commission. The commission amount varies from $1 to $1000 depends on the product.
It has has four core players.
- Online shopper or customer
- The publisher or affiliate marketer
- The merchant
- The affiliate network
So, as an affiliate marketer you need to place a link or promotional banner of the merchant on your website or blog. If online shopper or customer click on the link and perform the buying action you will be paid with commission amount.
The affiliate network will handle all links and code that shows advertisement on your website. They use Tracking ID to track the transaction.
Step by Step process to make money using Affiliate Marketing
Step -1 Affiliate marketer joins the affiliate network.
Step-2 Affiliate marketer search the suitable product based on a niche of a blog.
Step-3 Generate tracking ID and place advertisement on your site.
Step-4 Track the sales
Step-5 Earn commission
How much money you can make using Affiliate marketing?
You can make lots of money using affiliate marketing. For affiliate marketer sky is the limit. A blog scientist Mr. Harsh Agrawal is making $28000 nearly 19 Lakh per month from the affiliate marketing. As discussed earlier your income depends on type of product and cost.
In order to be successful in affiliate marketing, you need a blog with very good traffic and good convincing and writing skill. In addition to this, you need to adopt various marketing strategy to be successful in this field.
Which are best Affiliate programs?
You will find a number of affiliate marketing program. You need to select the affiliate network based on product and niche of your blog. Some of the best affiliate programs are given below.
Conclusion – Affiliate marketing gives benefits to everyone it is like win-win situation.
- The affiliate marketer – Commission
- The Merchant – Higher revenue and sell
- Affiliate Networking Site – Amount share
- Customer – A good product
What is your take on affiliate marketing? Do share your views in the comment section.