What Is Affiliate Marketing?
Affiliate marketing can be defined as a widespread method of promotion in which an affiliate is rewarded for every view, sale, and/or registration produced through the affiliate’s efforts (mostly do it's online).
The more the affiliate sells… the more the affiliate gets paid. It’s as simple as that! (In short, as an affiliate you're promoting someone else product to potential customers) without needing to stock up on physical goods or worry about delivery.
The goal of being an affiliate is to generate some income online. By driving traffic (potential buyers) from your subscriber lists, your websites, and from other marketing methods (Facebook, IG, and Youtube) to a personal affiliate link.
When a product is sold through the affiliate’s personal link, you will get paid a certain percentage of the sales revenue as a commission (ranging from 25% ~ to 70%) depending on the affiliate's program you join.
Is Affiliate Marketing For me?
Many standard retailers offer very small commissions for affiliate sales while most internet marketers offer around 50%-75% of the sale for being an affiliate of their digital product. This is why being an affiliate of digital products can be very lucrative in a relatively short period.
Although the number of affiliate programs for tangible goods and offline services is rising, a completely digital lifestyle can be developed solely from digital or downloadable affiliate products that may never take physical form.
Of course, it’s important to note that as an affiliate of any tangible product, you generally never do more than promote a link to the product online. So in that sense, it’s the same as a digital product.
How Do I Get Started?
I started affiliate marketing as a side hustle 7 years ago. Honestly, I have to admit that I did go through a period of struggling, lost, and confused about where and how to start. Did a lot of research on google and Youtube. Till I come across this website Wealthy Affiliate, with more detailed and comprehensive training and guidance, finally kick start my 1st affiliate income after 3 months of trying, seen then never turned back till today.
There are many ways to make extra money through affiliate marketing, of all the easier way is to introduce a well-reputable site or platform to all the contact within social media, nothing to lose since it is free. Sites like Fiverr, and Udemy are well-known and reputable.
By promoting affiliate products to several targeted niche markets, it is possible to create a substantial income over time. Especially when the affiliate marketer is only promoting quality products with a real potential to benefit customers within the niche.
In conclusion, affiliate marketing is a great way to build an income without having a product of your own, and without having to do much more than get interested people to view product information through your affiliate links. It’s very easy to get started and can eventually put a lot of money in your pocket. But be prepared to put in a lot of time and effort.
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