Affiliate marketing is an online business that is based on a performance model where affiliates earn commissions by promoting various products and services from online merchants and product developers.
Affiliate marketing offers the opportunity to earn money without needing to develop your own service or product.
In affiliate marketing, you get to earn money from promoting products from a merchant or business.
Affiliates get paid a set amount, as prescribed by the affiliate program, whenever traffic they send to a merchant site makes a purchase.
This can be a very lucrative business that offers the potential for unlimited revenue and growth.
Amazon, for instance, run a major affiliate program, and you can earn money from Amazon for any products bought through your “affiliate link” (a link given to you by the vendor so they know who you are and who is referring)
Methods Of Affiliate Marketing
There are lots of ways you can go about affiliate marketing, but you do need some sort of online presence to go about it effectively.
- Social media – twitter,facebook,Pinterest etc
- Build an affiliate website
- Email marketing
- Article marketing
- Forum marketing
It is highly recommended that you build a website, and we’ll cover that tomorrow on the DadCash Big365
For example, if you are promoting beauty products, you can build a website based on makeup tips that will offer content to site visitors around that niche. Various related products can be promoted on the site and whenever someone buys with your affiliate link you earn a commission.
The majority of online merchants and businesses have an affiliate program because affiliates bring in quite a bit of sales through their promotion efforts. With the proper knowledge and experience the earning potential is unlimited and there are affiliates who are making thousands of dollars per month.
The great thing about affiliate marketing is you can get started with very little upfront investment. All you need is a domain name, which, will cost you about $15 or less and website hosting that costs about $9.95 per month or less.
It is important to learn how to implement this business model correctly and not fall for false claims and hype that is sometimes propagated online. Basically, if it’s sounds too good to be true, then it probably is.
Seeking out reputable information and also joining popular online marketing forums, such as, the Warrior Forum, Webmaster World and 5 Star Affiliate Marketing forums, and asking questions is a good way to start.
There are many affiliate networks on the web that house multiple merchants and some merchants offer in house programs as well.
Popular Affiliate Programs/Networks
- Commission Junction