Eliminate Your Fear And Pick UpAffiliate MarketingToday.
written byAtanu Sengupta
What Is Affiliate Marketing?
Affiliate marketing is when you promote other company's products. When someone buys through your affiliate link, you get a commission.
As an affiliate, you’re a salesperson for the company. You help to make a sale, the company rewards you.
The best thing about affiliate marketing is that you can do it at scale. A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many different companies and earn commissions from all of them.
That’s the dream, right?
Make money while you sleep.
For 99% of people, affiliate marketing is how they get started.
The idea behind it is that you promote other people’s products, often through an affiliate network, earning a commission if people actually end up buying thanks to your marketing.
It’s based on revenue sharing. If you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program. If you have no product and want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate marketer.
How Does Affiliate Marketing Work?
The merchant gives each affiliate a unique link so they can track who was responsible for a sale. The link will usually look something like this:
When someone clicks that link, a small file called a cookie gets stored on their device.
An affiliate cookie does two things:
It helps the merchant attribute the sale back to the right person;
It (usually) holds an expiration date, so you get paid even if the buyer delays their purchase.
Here’s an example of how this works.
Imagine that a reader visits your post about the best winter jackets. They click on one of your affiliate links, leading them to a product on Amazon.
But they realized they have to pick up their daughter from school. So they leave their house, pick up their daughter, have dinner, and then finally go back to Amazon where they find the product again.
Since they’re already shopping on Amazon, they decide to purchase some ski gear too.
Here’s the good news. Earlier, they clicked on your affiliate link and a cookie was stored on their device. Because Amazon has a 24-hour cookie duration, you get compensated for both the winter jacket and ski gear—even though you didn’t promote the latter.
How Much Money Can I Make As an Affiliate Marketer?
The simple answer is that there is no limit. It depends on your niche and the amount of work you put in.
The most successful affiliate marketers make six or seven figures a month.
For example, Pat Flynn’s net worth is over $2 million.
All of his wealth is created from his online businesses such as Smart Passive Income, GreenExamAcademy.com, his online courses, and more.
If you’re into affiliate marketing, you might be already familiar with the name Pat Flynn (or the blog Smart Passive Income).
Pat started his online marketing journey by launching GreenExamAcademy.com, a website that helps people pass the LEED exam in the architecture industry.
His blog readers began suggesting Pat turn his notes into an easy-to-read eBook. So within a few months after launching Green Exam Academy, Pat created a premium eBook that generated over $8000 in the first month.
That’s how his blogging career started. He then launched the most popular online marketing blog Smart Passive Income which generated over $200,000 in the first year.
How To Get Started With Affiliate Marketing
Follow these seven simple steps.
1.Decide on a platform
2.Choose your niche
3.Find affiliate programs to join
4.Create great content
5.Drive traffic to your affiliate site
6.Get clicks on your affiliate links
7.Convert clicks to sales
The Nuts & Bolts of Affiliate Marketing:
Let’s get into the details of how affiliate marketing works. There are three main players in an affiliate marketing arrangement:
You and your website—the “affiliate.”
The affiliate company (or network). In the simplest affiliate arrangements, you work directly with a single company to promote one or more of their products. More complex affiliate networks provide an opportunity to earn affiliate revenue on a range of products, such as Amazon, Rakuten, ClickBank, and ShareASale.
The customer. This is a member of your audience who uses your affiliate link to purchase a product from the affiliate company or network.
A company that offers an affiliate marketing program may call it by a different name—these programs are also commonly called partner programs or referral programs.
How Each Party Benefits From Affiliate Marketing
From your recommendation, your audience learns about a product, course, or tool that may be useful to them;
From your recommendation, the company selling the product, course, or tool gets new customers they may not have found otherwise;
As a result of the sales to your audience, the company gives you a commission.
When done the right way, affiliate marketing can be a win-win-win. But at the center of this is one thing: your audience’s trust. When your audience believes you have their best interests at heart and trusts your recommendations, then all three parties in the affiliate marketing relationship ultimately benefit.
How Easy Is Affiliate Marketing?
Affiliate Marketing is not so easy but not impossible at all. In fact, whatever career you choose in the future, you just need to work hard to earn money, to become successful in your profession, and affiliate marketing is not an exception. You need to be dedicated to your profession, be it affiliate marketing or something else.
Is Affiliate Marketing A Profitable Career In 2021?
Absolutely, no doubt about it; in fact, it will be increasing in the coming days. People becoming more aware of the term, and it will be an $835 million market by the end of 2025, according to a report conducted by “IAMAI (Internet and Mobile Association of India)”.
According to Statista, affiliate marketing spending in the U.S. alone is expected to reach $8.2 billion by 2022, more than triple what it was 10 years earlier. Globally, it was estimated in the Awin Report that advertisers invested $13 billion in affiliate marketing in 2017. Together with the consistent upward trend, these numbers demonstrate that affiliate marketers will likely continue to thrive in the 2020s and beyond.
All of this data supports the conclusion that affiliate marketing is a powerful marketing channel that drives value for merchants through sales and brand awareness. While the generated clicks and impressions can often go unrewarded, many affiliates have managed to establish a personal brand for themselves, allowing them to earn a substantial share of their income from affiliate
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