What is Affiliate marketing? How does it works?
Affiliate marketing is one of the best forms of marketing wherein you refer online products or services and if someone buys that product based on your recommendation, you receive a decent commission for that sale. It is an online advertising process that allows any business to affiliate them with a specific website using affiliate programs.
The main idea behind affiliate marketing is that allows you to sell a product on your website often through an affiliate network and earn a commission if people actually end up buying that specific product or service through your link.
There are 3 basic Steps to earn money online with the help of affiliate marketing:
- Recommend a specific product or service on your website or social media page.
- Your followers or people you know purchase that product or service based on your recommendation.
- You will get paid some commission for those purchases.
The best part of affiliate marketing is that you don’t have to invest lots of time and effort to create a product to sell. You can begin selling other merchant products and services, as an affiliate as soon as you have a platform to sell it on. This process of Affiliate marketing is also known as Cost per acquisition (CPA) in which visitor’s referred by the Affiliate, purchases goods and services from the Merchant.
You can also make money by generating sales leads and traffic for the Merchants business who sell goods and services online by using these two affiliate program tactics:
- Cost per Lead (CPL) in this program visitor’s referred by the Affiliate completes a form on the Merchants web site, which helps the merchant to generate more sales lead.
- Cost per Click (CPC) in this program visitor’s clicks on a Merchant’s banner and visits the Merchant’s web site through Affiliates web site.
Affiliate marketing allows you to earn lots of money from your web site while providing related products or services to your visitors. You can start earning money with your website by choosing any of the Affiliate programs like
Your income as an affiliate depends on several factors, such as:
- Your level of commitment.
- Your depth of knowledge and willingness to learn everything about your niches in order to succeed
- The efficiency and reliability of the affiliate network you work with.
- The commission levels and conversion rates of the advertisers you work with.
Some of the worlds leading Affiliate Networks :
So how you are going to grow your online income?
“Choose the best program to earn money on your website and grow your income with Affiliate marketing”