Affiliate Marketing

What is Affiliate Marketing?

Affiliate marketing is one of the oldest forms of marketing wherein you refer someone to any online product and when that person buys the product based on your recommendation, you receive a commission.

This commission varies from $1 to $10,000 depending on what product you are promoting.

How Does Affiliate Marketing Work?

An Internet-based system where you (as an affiliate) get paid for referring sales or customers to another business.

It’s a bit like how a real estate agent doesn’t own the houses they sell; instead they promote houses on behalf of their clients, and earn a cut of the sale price of any properties sold.

The image below shows a really basic affiliate website, with a banner that promotes the SaleHoo Wholesale Supplier Directory.

Smart Affiliate Marketing Strategies

Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products.

You find a product you like, promote it to others, and earn a piece of the profit for each sale that you make.

  • You’re happy because you earned a commission,
  • The company is happy because they have a new sale from a customer that they might not have normally been able to reach,
  • And the customer is happy because they learned about a product from you that will hopefully fulfill a need or desire.

6 great reasons to become an affiliate

  1. Start up costs are super low. To start a regular business where you rent retail space and stock inventory could easily set you back tens of thousands of dollars. As an affiliate, you can get started for the cost of a burger and fries.
  2. You don’t need staff. No more office politics, and no messy payroll handling. When you get started as an affiliate you can do it all yourself, and when the time comes to grow your business it’s easy to outsource.
  3. You don’t even need a product you simply have to promote products which are already for sale. Whether it’s an eBook about dog training your or a weight loss supplement – there is a product out there that you can sell as an affiliate.
  4. You don’t need any expert knowledge on a subject to sell affiliate products either. If you want to be an affiliate for weight loss products, then you don’t need a PhD in nutrition or exercise. All you need is an eager-to-learn mindset and the ability to market the right affiliate products to the right people.
  5. Earn passive income. It’s a bit like the money you earn if you buy a house and then rent it out – for as long as you own that house and are renting it out, you earn money. In a normal job you only get paid once for the work that you do, but as an affiliate you can keep making money from the same work day in, day out.
  6. The opportunity to work your own hours. I’m not saying that you’ll be sitting on a beach drinking Pina Coladas and only working an hour a day after your first month as an affiliate. However, you do have the power to work when it suits you and have a more flexible life. You become your own boss – how cool is that?

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