Did you know that affiliate marketing is one of the most popular tactics for making money online?
81% of brands rely on their affiliate programs which shows the undeniable affiliate marketing evolution. If you want to step in the game and learn what it takes to become a successful affiliate marketer then keep reading.
What Is Affiliate Marketing And How It Works?
In this post, I’ll be digging deep into affiliate marketing. I’ll explain what is affiliate marketing and how it works, and give you an easy to follow guide of starting a blog and becoming a successful affiliate marketer.
If you are reading this blog post then you are probably looking for a way to make a passive income. For most people who made it, affiliate marketing is how they get started in the first place.
Affiliate marketing is done by promoting other people’s or company’s products and earning a commission if someone actually buys that product through your links.
Affiliate marketing is divided on 4 parties.
- MERCHANT or creator, seller, retailer or vendor is the party responsible for product creation and selling. This can be anyone, from a large company that produces physical products to an individual who sells online courses or eBooks. The merchants just need to have a product to sell, they don’t have to be involved in any other part of the affiliate marketing equation.
- AFFILIATE NETWORKS can be involved in the equation as a middleman between merchants and affiliates. In some cases, you will not be able to promote the product you want if you are not a part of the affiliate network. That is because some merchants have their affiliate program only on the affiliate network.
- THE AFFILIATE or sometimes called the publisher are persons who are promoting merchant’s products and if someone buys the product through their affiliate links they earn a commission that can range from 2% up to 75%.
- CUSTOMER or consumer is the person who is buying the products promoted by affiliates. It is not necessary for them to know that they are involved in affiliate marketing because they will not pay a higher price for the product. But more and more affiliates want to be transparent about this.
Can You Make Money With Affiliate Marketing?
Of course, you can. You can earn a decent amount of extra cash for your family or for yourself to buy something you want.
You might be wondering how long it takes to make money with affiliate marketing?
This will not come overnight and without any work from your side. Some affiliates are making hundreds per month. Some make thousands. And some make hundreds of thousands. But most affiliates aren’t making a dime.
Because they don’t do their part of the job correctly and consistently. Don’t be like those guys.