Are you interested in making some extra money with your blog and searching for the better ways to fulfill your dreams? If yes, Affiliate marketing is one of the best ways to make money online. In this article will discuss What is Affiliate Marketing and How It Works?. Let’s check it out.
What is Affiliate Marketing?
Affiliate marketing is the process of earning commission by promoting other companies online products. You’ll receive a commission when the person buys the product based on your recommendation. This commission varies from $1 – $1000 based on the product you promote.
You need to sign up for companies affiliate program and get the unique tracking link. Now write a post about the product and add that unique tracking link on your website which helps readers to buy the product. Whenever they buy that product using that affiliate link, you’ll get a commission.
How companies track the record?
Everyone thinking, how companies will track the record of their sales. The answer is the unique tracking link you received from the company. This tracking link contains the unique number and it’s used to keep track of sales. Based on the tracking link, companies will notice who send that person to buy their product.
Every affiliate company has its own policies and terms of conditions. Some of the companies offer a commission for a fixed time (months or year) and some of the companies offer the same for a lifetime.
Glossary – Affiliate terms:
Affiliates/Publisher: who promote the product using affiliate program link.
Advertiser: A person or company who wants to sell their product.
Affiliate Networks: A third party like CJ, Shareasale & click bank that provides a connection between publisher and companies and allows the publisher to find and join affiliate programs.
Affiliate software: Software used by companies to track affiliate referrals.
Affiliate link: unique tracking link received from company to track your sales.
Landing pages: a web page used to promote the product.
Two-tier affiliate marketing: A two-tier affiliate program rewards you when sub-affiliate joined into that affiliate program. You’ll earn commission on your sales as well as on sub-affiliate sales.
Click through rate (CTR): The percentage of clicks on an affiliate link that refers to merchant’s site.
Commission: the incentive a publisher receives per sale from an advertiser.
How much does it cost to join affiliate program??
Nothing, absolutely they don’t charge anything to join in any affiliate program. However, the cost you spent totally depends on tools and resources you use to promote your website.
How Affiliate Marketing works???
Affiliate marketing isn’t the only way to earn money from blogs but its one of the best ways. Create a website with a great niche to place the products and service you recommend. Find the products that relevant to your blog content to promote from affiliate networks such as click bank, CJ and ShareASale. Write a review and rate the product and add a unique link on that page to help visitors to decide what to buy. You’ll receive a commission when the person clicks and buy the product based on your recommendation.
How much money can make from affiliate marketing???
There is no limit on how much you earn from affiliate marketing. It totally depends on your website reputation and the program you’re promoting. The commission you received based on clicks you received from visitors on daily.
If you’ve any questions, feel free to contact me and share this post with your friends on Facebook, Twitter and Google +.