Affiliate marketing is one of the best options to make money on the internet but still there exists a large group of people who want to make money using this venture, yet do not know how to go about it. After Google AdSense, there is no better way to earn money online than through becoming an affiliate.
What is Affiliate Marketing?
Affiliate marketing is a way of promoting products or services of other companies or individuals on the internet. Each promotion you make should result in a sales conversion or an agreed upon lead, and you earn commission on each and every sale or successful lead. There are thousands of online and e-commerce stores such as Amazon Clickbank, eBay, Flipkart and many others that provide these affiliate programs.
How it works
A customer visits an affiliate website, and this website directs the customer to the seller, the customer buys from the seller, and the sellers pay commission to affiliate, pretty simple!!
An example is becoming an Amazon affiliate then promote and advertise any of their products through unique referral links. Whenever any visitor clicks on your referral link and buys something from Amazon, you earn a commission of about 4% to 15% depending on the products they purchase.
If you want to make money through affiliate marketing, there are four basic steps you have to follow:
- Search for the best affiliate programs.
- Join this program and receive a unique referral link.
- Promote the merchant’s product through that referral link.
- Let visitors make payments and collect your cash.
How to Promote an Affiliate Program
Thousands of online merchants have exquisite products and services but do not have an affiliate program because they do not have the perfect tracking system of the sales done by affiliates or just because they do not have the time to handle the system.
It is important to understand that the amount you earn is based on your marketing abilities in promoting the products. There are some many to promote a product, and one of the widely used is via a website or blog.
You can create your blog and write reviews or tips that relate to the product you are targeting to promote. You then insert your affiliate links in your posts and ask for your readers to buy that product from the merchant’s website.
People will then come to your site and read your reviews, click on the referral links you have provided and then visit the merchant’s website. You then get a commission every time they make a purchase based on this promotion. To promote your blog or website, you can use SEO tools PPC programs such as Ad Words. These are discussed in our other guides.
Choosing a Product
The first thing you do is research. Choose 2 -3 products and find their demand in the market. The demand is based on what people are mostly searching for. You can get to know about the demand for a product using tools such as Google Trends, YouTube, and AdWords Planner Tool.
It is good to promote a product that matches your interest. After that, you need to have a fair review of the product, that talks about advantages, disadvantages, features and performance of the product, and publish this review to your site for your readers.