I this post I’m going to explain to you what affiliate marketing is and break it down into plain easy to understand English for dummies.
Affiliate marketing is the process of earning a commission by promoting someone else’s product or service.
What is Affiliate link?
You promoting someone else’s product or service by using what is called an affiliate link which is a link that you can get from a company whose product you are promoting.
When someone clicks on that link, and they go ahead and buy you can earn a commission from that purchase.
There are so many different affiliate programs out there, and most companies and most services have what is called an affiliate program.
The affiliate program is a program where companies give other people the ability to join for free and promote their product and earn a commission.
When you join an affiliate program, you will get what is called an affiliate link which is a unique link that will enable the company to track and see which sales were made by you, who clicked on your link, who purchased the product.
Trough affiliate link they can track everything and make sure that you get paid for promoting the product.
With today’s technology, the affiliate links it’s pretty accurate, it’s about ninety-nine percent accurate.
There are some circumstances where things might be not be tracked perfectly but for the most part, you get a commission for promoting that product.
Affiliate marketing is a WIN for everybody.
Affiliate marketing is a great thing, and the reason why it’s so valuable to get started with it is that you don’t have to create a product and you don’t have to create a service.
You don’t have to be the expert, and you don’t even have to sell the product because basically what you’re doing is you’re sharing a product or service with people.
That can be family members, friends, your list of subscribers or followers.
Whatever might be your tactic for sharing information about product or service with them when they click the link they’re going to go to the other person’s website for the product or the service, where they are going to get more info and make a decision.
The company that you are an affiliate for already have done all the marketing, and they have the customer support, delivery of the product, so you get paid by sending traffic to someone else’s way.
Affiliate marketing is always a win for everybody involved; it’s a win for the company because the company now have new customer or sale that they previously would have never gotten if it wasn’t for you.
It’s a win for you because you can earn money and a commission with making the small effort because you didn’t have to come up with the idea, you didn’t have to take the risk, and you didn’t have to invent something.
It is a win for the customer because the client now gets to benefit from the product or service they get and hopefully the product solves their problem, meets their need and help them out in some way.
Affiliate marketing is an ideal for businesses, every successful business owner that I know of leverage affiliate marketing because it just makes sense.
If you’ve got a business selling supplements, you already have an audience of people that are in health and fitness, and you can sell them a product that you don’t have trough affiliate marketing(for example blender, fitness equipment).
Just by using other company affiliate program and promote their blender to your audience you can make commissions.
Do you have to be expert?
You don’t have to be the expert, and you don’t have to spend all the time and money to create a product, website, marketing the website and all that sort of stuff, and you know you quickly get paid just by leveraging your subscribers, followers, list or traffic in some way..
You don’t have to invent and create something like p90x or insanity or beach body; you can just join the affiliate program and earn a commission from that, or maybe there’s something complimentary that you can promote and earn a commission from.
Basically what it is you are partnering with other businesses and companies and the incredible thing is that your whole job is to
focus on getting traffic, visitors, subscribers.
Do you need your own product?
Eventually, if you choose you can create your products or your services, but affiliate marketing is just a great way to get started because you don’t have to take any risk right now.
Creating a business and creating a product or idea is very risky today and may not work out, it might cost you a lot of money and lot of time.
Instead, you can focus on building a blog or YouTube channel or Facebook page or Instagram or snap chat, or you focus on one traffic source you know to attract people into other people’s products and earn a lot of money by doing that.
The best example of affiliate program is Amazon.
Amazon is the number one online retailer, and Amazon has an affiliate program called Amazon Associates and anybody can join it.
It’s free, and you go to amazon.com / associates, you sign up to join, and then you can promote any product on Amazon.
Whatever product you decide to promote they’ll give you a unique affiliate link which is a special link just for you that you’re going to use to put it on your blog, on your Facebook, Twitter, YouTube.
Let’s say you decide to sell a TV or something like that and when someone clicks that link and then go and buy you earn a commission from that.
Every affiliate programs are different; I like Amazon because they have physical products and they will give you five to ten percent commission and then slowly goes up when you sell more products.
Amazon affiliate program should pay you for every product that someone buys within 24 hours after clicking your affiliate link
For example, if someone buys a TV for a couple of thousand dollars you are going to earn a five to ten percent commission on that.
But the important thing is that people don’t just buy one thing, they’re going to purchase a wall mount, they might buy Apple TV, they might buy PlayStation 4 or DVD player, and you’ll earn commission for all those additional products that they buy within 24 hours which is cool.
There are affiliate networks where you can look at a whole marketplace of products that you wanted to promote and earn a commission from them.
Which products have affiliate programs?
Most products today have affiliate programs.
I haven’t come across too many where there’s not an affiliate program.
This is cool because you can share things that you might have benefited from, or you or can help other people, and you can easily earn money and a commission from that and again without having to take all the risk and without having to try to sell someone.
If you find or use good product or service why not share a product or service that’s helped me in my life and earn a commission in doing so again it’s a win-win for everybody involved.