Affiliate marketing is one of the most ancient marketing technique. Modern day marketers have used it to good effect for setting up an online business model, which help them earn good money (in fact great money for some) by following a system.
What is Affiliate Marketing?
Before we proceed further, let’s quickly know what is affiliate marketing. Affiliate marketing is a marketing technique where affiliates (people, like you and me), sell products of other companies and receive a commission on each sale made through our marketing efforts.
How Can You Become an Affiliate?
Apart from these highly trusted affiliate marketing marketplaces, one can search for niche specific affiliate marketing programs. Many companies these days have one or more forms of affiliate marketing programs which they extend to affiliates. Affiliates can enroll in these programs and start promoting these products to earn a commission on each sale.
How to Promote Affiliate Products?
You get a specific link, which is also called as hoplink or affiliate link. This link contains important code that has been assigned to you. It helps in tracking the action of visitors on the link you have shared and register the sale whenever successfully made.
Once you create an affiliate link for the product you are promoting, you can share it through different methods:
- Niche Blogs: If you have a niche based blog, you increase your chances of earning quickly through affiliate marketing. If you don’t have a blog yet, you can create one by following Harsh Agarwal’s guide for creating a WordPress blog with Bluehost webhosting.
On your blog, you can review various products in your niche. Find out various products in your niche and promote them by joining their affiliate program.
- Email Marketing: If you have sales funnel in place on your blog or website, you can create campaigns with your subscriber’s list and earn through affiliate marketing.
This is another very useful method of affiliate marketing. It helps you in creating very personalized campaigns. Campaign scheduling and A/B testing are few other important factors that make email marketing affiliate programs very popular.
- Social Media Platform: Social media platforms can help you reach to potential customers who would be interested in purchasing the products you are promoting. You can join social media groups and promote your products to the large audience. However, selecting right group and communities is important.
Many communities have strict rules about sharing info and post in their timeline. Hence, before joining communities for affiliate marketing, make sure to check out few posts to know out if they allow it.
- Social Media Marketing: You can use social media paid advertising campaign for affiliate marketing purpose. However, remember that platforms like Facebook discard affiliate marketing completely, so you can’t do affiliate marketing with direct hoplinks. You either have to mask your links or drive traffic to the landing page of affiliate product that you are promoting on your blog.
How can you get paid?
Most of the affiliate platforms either use PayPal, wire transfer or check for payment purpose. Wire transfer and check payments don’t need you to do anything special. You can get paid if you have a bank account. However, for PayPal payments, you need to create an account. Click here to create a PayPal account.
Honestly, affiliate marketing is one of the most lucrative online business model available today. Leading affiliate marketers earn a fortune out of this money making system. Many of marketers work from their home and earn up to 5-6 figure earning by doing this work. Because they have started quite early in their career and that’s why earning benefits of it.
If you want to be as successful as them, you need to start today and learn the ladder they took to success. When students, housewives, moms, retired people can do it, you can also do it.
Learning is most important in affiliate marketing, so keep learning and keep growing.