What Is Affiliate Marketing?
Affiliate marketing is a form of marketing practice whereby affiliates gain commission every time a sale is made as a result of the affiliates’ recommendations. It is among the oldest forms of marketing practices that came with the invention of internet.
Affiliate marketing is one of the easiest and cheapest ways of marketing since you need to neither create nor sell any product. Yours is to promote the product and recommend it for potential customers to buy.
How To Make Money From Affiliate Marketing In 2019
You will need to start reviewing products in your site. You need to collect emails so you can connect to your audience whenever you want.
When they buy the product through your website, you earn a commission. All you need to do is to simply enable a link that connects the seller and the buyer and earn your commission whenever a sale is made.
Forms Of Affiliate Marketing
There are two major forms of affiliate marketing. Let me elaborate them for you into details.
Advertisement Affiliate Programs
The first type is whereby an online company makes a deal with you to advertise on your website. This way, you will be making money online whenever visitors of your website clicks on the advertisement, provide their contact information on the advertisement site, or make a purchase on the advertisement website.
Most of the online companies that sell domain services or products such as shoes offer affiliate programs for anyone who cares to join. To get into an affiliate program with these online companies, you need to sign up for the program. That is the first step.
After signing up, you will get a tracking link that is unique to you. The company you have signed up for its affiliate program will be the one to provide you with the link.
This is the link you will be using every time you write about the product of that particular online company. There are various types of affiliate programs with different payment terms. The most common ones are:
1. Pay Per Lead (PPL)
This is an affiliate program whereby as an affiliate marketer, you earn money every time a visitor gives his/her contact information on the advertisement site. This means you will be earning money whenever your information about the products convinces your visitors and converts them to a potential buyer.
2. Pay Per Sale (PPS)
In this form of affiliate program, you earn money online from the company that sells the product you are promoting every time a purchase is completed. An online company advertises on your website and pays you a specific percentage of the sale.
3. Pay Per Click (PPC)
In this type of affiliate program, you make money online when visitors of your affiliate site are directed to the website of the advertiser.
Promotional Affiliate Marketing
The second form of affiliate marketing is whereby you promote the products of a company that you have signed up to their affiliate program and you make money when the products are sold via the link that connects the buyer and the seller through your website.
As an affiliate marketer, you make money online by recommending other companies’ or people’s products to either your readers or their readers.
As a blogger, you write positive information about a particular product that you’ve personally used and liked, and you recommending it to potential buyers.
You then link to the information you have written with a unique tracking link that you have been provided with by the company you are trying to promote products for.
When your visitors or readers click on that special link and purchase the product, you get a specific commission on the sale. It is that simple.
If you are a blogger, affiliate marketing is the way to go. Imagine you have come across a great how-to book on making money online, and you would wish to recommend the book to others.
All you need to do is just write an informative blog post reviewing that book, and then use your Amazon Associate link to link to the book.
Every time your review persuades your reader to buy the book, and they go ahead and make a purchase, you will earn a commission on that sale. Isn’t that a great way to earn money?
Here I have a list of 15 Affiliate Marketing Sites for you to choose from. You can check every single one of them and find out what suits your niche and who pays better. Here you will find a brief info from each Company:
ShareASale: ”It has been in business for 19 years, exclusively as an Affiliate Marketing Network. And their technology receives accolades for speed, efficiency, and accuracy – and their reputation as a fair and honest business is well known within the industry. ”
Amazon Associate: ”It’s easy and free to join. Get up and running today. Just one approval to join — no third-party advertiser approvals. Get up to 10% in advertising fees. Earn advertising fees from Qualifying Purchases, not just the products you advertised. Plus, their competitive conversion rates help you maximize your earnings.’’
eBay Partners: ”It’s on eBay, anything you’re passionate about. Share with your audience your finds and get paid when selling items. Just link an item or share your findings via Facebook, Twitter, blog or website. If you sell what you share, you’re going to earn money.’’
Shopify Affiliate Program: ”Earn an average of $58 for each user who signs up for a paid plan with your unique referral link, and $2000 for each Plus referral. To maximize your earnings, each referral will be nurtured to help them transition from trial to paid plan.’’
ClickBank: ”The ClickBank marketplace provides information on the products being sold by ClickBank vendors. You can search it to find products to promote.’’
Rakuten Marketing Affiliate: ”Through their global affiliate network, they empower marketers to engage shoppers across the entire consumer journey.
Affiliate success comes down to partnerships; they connect advertisers with publishers to reach new audiences and influence repeat purchases.
Their solutions create a holistic strategy that delivers proven incremental revenue and is continually optimised for performance.’’
The Leadpages Affiliate Partner Program: ”It allows you to market their suite of lead generation tools, which have helped hundreds of thousands of entrepreneurs create sustainable small businesses online.’’
WP Engine and the StudioPress Affiliate Program: ”Start promoting WP Engine plans and StudioPress themes all through one program! Their custom and integrated creative gives you the tools you need to earn commissions from customers purchasing either the WP Engine platform or StudioPress premium WordPress themes.’’
CJ Affiliate: Nearly every major retailer have their affiliate programs on CJ Affiliate (formerly Commission Junction), which makes them as close to a one stop shop as you can get in the affiliate marketing business.
Most retailers have multiple ad sizes available for affiliates, which gives you better control of the offers you show on your blog.
With such a wide array of advertisers on the CJ Affiliate platform it makes it relatively easy to compare and segment different offers.
Finding the affiliate tracking code to place on your blog is also straightforward; once you’re approved to promote an offer, you can be running lots of different offers on your site in just a few short hours.
Bluehost Affiliate Program: ”Simply promote Bluehost on your website with custom banners and links. For every visitor who clicks through these links and signs up, you will receive $65. Help others learn why Bluehost is so great. The more you do, the more you make’’ Great!
The ConvertKit Affiliate Program: ”You will earn a 30% commission each month from everyone you refer. That means if you send them an account worth $99/month, you’ll earn $30. Every month.’’
MaxBounty Affiliate Program: ”If you’re searching for campaigns with the best rates in the performance marketing industry, search no further. They sift through all offers that come their way, so only the best make it on the network.
No matter your traffic type, They have the right mix of great high paying and high converting offers to maximize your affiliate earnings.’’
Awin: ”Content creators, influencers, website owners and technology partners can create profitable partnerships with their portfolio of the world’s best known brands across multiple sectors.’’
Tapgerine: ”It is an international company with a primary focus on providing data-driven solutions for user acquisition and traffic monetization. Powered by proprietary technologies, they implement clients’ media strategies and engage customers across all channels and devices.’’
ClickFunnels is a platform that allows people to create highly professional and exceptionally good landing pages and funnels for sales. Their program of affiliates is massive.
When a person buys a product or service from them, you will receive 40% of the revenue. And if you refer ClickFunnels to another affiliate, you will receive 5 percent of their total revenue they generate.
There are many ways to make money through the internet, and one of them is through affiliate marketing programs. Over the last few years, with this business model, more and more online entrepreneurs have tried their luck and it’s not surprising why.
Wouldn’t you be tempted to invest if you could earn by simply promoting a link and driving traffic to a product page?
So many people are making money from affiliate marketing programs and from those who earns around $50 to $100 a day to the more successful people who have made more than a thousand dollars a day!
If you are looking for a passive income source, then you should join affiliate marketing as soon as you can. While it is an easy way of making money online, affiliate marketing is very competitive.
For you to be successful, you should know what works whenever you are promoting the products. Hope this article helps you understand how it works and how to earn a passive income.
If you have any questions or need any help regarding this, just comment below. If you find this article helpful then don’t forget to like and share. Thank you.