What is Affiliate Marketing?
Affiliate marketing is the way to generate passive income. Affiliate marketing is the most profitable way to generate passive income. If you want to learn more about what is affiliate marketing keep reading this article.
Let’s dive deep into what is affiliate marketing and how you can be an affiliate marketer and the most important part how you can generate income from affiliate marketing.
When it comes to affiliate marketing there are many lucrative ways to make money from affiliate marketing. If you are blogger then you are well aware about affiliate marketing and about earning from affiliate marketing.
But if you are new and don’t know about anything then I suggest you to first know what is blogging then set up your blog. You can read here how to set up blog because blogging is the best way to earn money from affiliate marketing.
Many people rum PPC ads and Facebook ads, Instagram ads, youtube channels to gain traffic or up their sales to earn more money from affiliate marketing.
Definition of Affiliate Marketing
Affiliate marketing is process of earning commission to sell product or service of other person or company. You earn a commission of every sale. You can choose a product or service you like to sale.
If you read about affiliate marketing on Wikipedia it talks about four different parties involves: merchants, networkers, publishers and customers.
Let’s understand about individual party and their role in affiliate marketing.
The Merchant: Merchant is the one who creates the product or who has the product to sell. Sometimes it is the big company like Apple who makes i Phones, sometimes it is an individual who sell a product online, it can be a vendor like vendor on amazon. It is not necessary to be merchant you have to be big company. From a big company to small start-ups or individual anyone can be a merchant. The must thing is they have any product for sell.
Publisher: Some people call it affiliate. Affiliates can be an individual to an entire company. This party is done promotion of products. They attract potential buyers to purchase product. They use mediums like blog, shopping websites, YouTube channels, Instagram, Facebook, etc.
The Networkers: Networkers are the platform where publishers can find merchants and merchants can find publishers. In some cases if you have a famous blog or any platform where you have good potential followers then merchants can contact you directly.
But in some cases both parties have to find each other in that case networkers role come. The networkers have lots of database of merchants and publishers. Some good affiliate networkers are:
Customer: Customer is king. Without customers above three things have no meaning no commissions? A product is made to sell if there is no sale then how can a merchant share a part of commission with publisher and networkers. Customer is known or don’t he is the part of an affiliate program it is depend on publisher.
Common Terms Used in Affiliate Marketing
When you start affiliate marketing you read many common terms like I told you above about merchants, publisher, networker or customer.
Here we discuss some more terms you read and should aware of these terms.
- Affiliate link
It is the link or tracking code provided by the merchants or affiliate programs to track the promotion of affiliate.
- Affiliate Software
Some companies create software to affiliate their products like idevaffiliates.
- Affiliate ID
Some affiliate programs offer affiliate links and some offer affiliate id to add this Id to your post or product. It is just like an affiliate link.
- Affiliate Manager
Some affiliate companies provide a dedicated manager to help promote their product to merchants and to grow their earning to publishers by providing some tips.
- Payment Method
Different affiliate provides different payment methods. Some provide by cheque, some by PayPal or some directly transfer it to your bank.
- Link Cloaking
Most of the affiliate products links are very ugly and long. To shorten then URLs and make it looks good use some URL shorten sites like bitly.com. To shorten the URL technique we called it link cloaking.
- Custom Coupons
Many affiliate programs offer you to give discount to your customers to drive more sales. They offer coupons for that. This process is called custom coupons.
Some questions commonly comes in mind when you are new and want to start as an affiliate marketer. Let’s have a quick question answer session.
How much can I earn as an affiliate marketer?
It is the very first question that comes in everybody’s mind. The answer is “there is no limit” to earn as an affiliate marker. You can earn as much as you want.
The main thing is to how to target your customers? How you drives sales? How to convert you customers? You can make money while you sleep.
Is there any fee to start as an affiliate marketer?
Answer is No. It’s completely free. You don’t have to pay anything to become an affiliate. But it also depends on the way you target your audience if you are targeting by blogs then you don’t have to spend a single penny.
But if you are starting by PPC or Facebook ads it cost of some bugs.
Is affiliate Marketing is legal?
Yes affiliate marketing is completely legal. And also it doesn’t harm anyone. You just have to use your skills to drive sales.
Where to find products for affiliate?
There are network platforms where you can find products to affiliate. For example amazon associates, clickbank, shareasale, CJ, etc.
I hope this affiliate marketing guide is helpful for you to understand what is affiliate marketing? Still you have any question in your mind or I left something just comment or email me I will surely guide you. For regular updates subscribe my blog. Thanks