Affiliate marketing is a way to make money online. It is also referred to as network marketing, associate marketing, or publisher marketing. In its most basic form, affiliate marketing means an affiliate obtains a fee for selling another business or products via their unique affiliate link. The affiliate openly searches for a specific product they enjoy, then promotes that product on their website and receives commissions for every sale they generate.
The commissions are typically tracked through paid ad banners on one website to another. In general, the fee per click or CPC can vary anywhere from 10 cents to a few dollars per click. However, most businesses will provide an incentive for those who achieve certain sales goals, such as reaching a specific revenue goal, by providing them with a “Coupon”. These “coupon” type offers can range from product discounts, free shipping, or even just having a certain number of free ads displayed. Typically, the higher your earnings are, the more likely your affiliate marketing program will offer a “Coupon”.
If you are looking to find a new way to get paid, affiliate marketing may be a great option for you. Most affiliate marketing programs are free to join. This means anyone can start earning a commission by simply signing up to participate in their program. All you have to do is learn how to effectively drive traffic to your affiliate websites and use creative ad banners and other online tools to attract visitors to sign up and buy. Once you become known as an expert online marketer, you will start to get paid commissions for all of your efforts.
Another aspect of affiliate marketing is networking. You can earn commissions by connecting with other people within your specific niche. Affiliate marketing can be very powerful if you combine it with other marketing strategies like social media, blogging, email campaigns, etc…
One affiliate marketing strategy that is quite popular is known as “Passive Income”. This passive income strategy allows you to earn commissions even without making any sales. It is based on the idea of putting your time online into building a large list of email contacts. When an affiliate marketer builds a list of subscribers, they can use the list to promote affiliate products and earn commissions from sales that were created in that set of contacts.
One of the most important aspects of affiliate marketing is conversion. You want to make sure that when a visitor clicks on your affiliate link and is sent to the merchant’s website, you generate a conversion. A conversion is a visitor who becomes a paying customer.
A good way to determine a successful conversion is to look at the conversion rate on a particular product or service. If it is under one percent, it may be time to change your tactics and focus on something else. However, if the conversion rate on that particular product is over thirty percent, you should probably be getting paid for every thirty percent of a sale that was generated through your affiliate marketing links.
One of the best affiliate marketing courses to date is Wealthy Affiliate University. There are dozens of Wealthy Affiliate University videos that show you step-by-step how to set up your affiliate websites, blogs and articles, how to write articles to drive traffic to your sites and how to get paid for each click through to your affiliate websites. There are also many tutorials that walk you through the whole process from start to finish. Wealthy Affiliate University is definitely worth checking out. The course has helped me to earn hundreds of dollars over the past year.