Learning how to make money in affiliate marketing, is the key to generating passive income without spending a huge amount of money and time.
The interesting world of affiliate marketing is the reason why more people are using this method to earn extra income.
It’s easy to be one and you don’t even need to be someone who has thousands of followers just to become successful.
Affiliate programs are created to get interested people to promote products of an advertiser who wants to get more leads and customers.
The best part is that it’s something that doesn’t necessarily require you to do full-time, so you can think of it as a side hustle while working a 9-5 job.
What is affiliate marketing?
Affiliate marketing is one of the best ways to make passive income on the internet that isn’t as complicated as selling an actual product.
This marketing strategy involves an advertiser and publisher, AKA the affiliate, that receives a small commission for recommending a product.
Advertisers use this concept to find potential customers and increase brand awareness.
Most affiliate programs are hosted by an affiliate network like ClickBank, or directly by the company itself.
Some companies that host their own programs usually offer bigger commissions than the ones in an affiliate network.
ClickFunnels and GrooveFunnels are two examples of big companies that offer up to 40% recurring commissions.
How it works
There are three parties involved in affiliate marketing: the publisher/affiliate, the consumer, and the advertiser/merchant.
The publisher is provided with a special affiliate link that they can use to promote the products of the advertiser.
When the consumer clicks the link, they will be redirected to the advertiser’s page, where they can buy the product.
After purchasing, the affiliate earns a small commission for converting the customer.
It’s a win-win for all parties since they can all gain something in the process.
Common terms in affiliate marketing
Here are a few terms used in affiliate marketing that you may encounter on your journey as an affiliate:
Advertiser
The advertiser is the one who owns the product or service that will be promoted by affiliates. Advertisers are usually big or small brands that need affiliates to drive more traffic to their websites.
Affiliate link
The affiliate link is an essential element in affiliate marketing that contains a special code of the affiliate/publisher. The links are used to track the traffic that gets sent to the merchant/advertiser’s website.
Affiliate network
This is the place where advertisers and publishers can work together. For advertisers, this is where they can run affiliate programs to attract publishers that are interested to promote their brand.
Affiliate program
Also called the affiliate agreement, is the terms of service, or simply the agreement between the advertiser and affiliate. It defines their partnership and the commission rates that will be paid to the affiliate.
Click-through rate
The click-through rate is the percentage of users that click an affiliate link. This concept is also used by advertisers to determine the number of clicks on their campaigns.
Commission
The commission is the fee that the affiliates receive for promoting the advertiser’s product or services. Rates may vary and sometimes there are also companies that give recurring commissions to their affiliates.
Conversion rate
Conversions occur when a person is able to complete a specific action within a website. Making a purchase or subscribing to a newsletter are two examples of this concept. Conversion rate is obtained by dividing the total number of conversions by the number of visitors.
Consumer
The consumer is generally the individual that gets targeted by affiliates to share products with. They’re basically the fuel that makes the entire affiliate process work. Without them, it will be difficult to generate sales and grow a business.
Cookies
Cookies also play an important role in affiliate marketing since these are the ones are stored in someone’s browser after visiting a website. Basically, cookies help advertisers track affiliate referrals
Niche
A niche is a specific industry, topic, category, or segment of a larger market that the affiliate promotes. It can be anything that they find very interesting such as gardening, cooking, gaming, etc. Finding a niche before getting started as an affiliate marketer is crucial to achieving success.
Publisher
Also known as the affiliate, is the person who has partnered with the advertiser to drive traffic to their website. For every successful referral, the affiliate may earn commissions depending on the type of affiliate program they’re in.
How to make money with affiliate marketing
Getting paid by simply promoting products is definitely better than actually selling one.
But how do affiliate marketers make money if they just put their links out there until someone clicks them?
Depending on the program, affiliates can earn commissions in different ways:
Pay-per-click
This is the type of program that gives affiliates commissions each time a user clicks on their link and gets redirected to the advertiser’s landing page.
It may be the easiest way to earn compared to other types of affiliate programs, but it will take time for you to earn big.
So if you’re planning to join a PPC campaign, always aim at targeting the right audience to get more clicks.
Pay-per-sale
Pay-per-sale is almost every affiliate marketer’s favorite.
In this program, the affiliate earns commission depending on the total value of the product that a customer buys.
Probably the best way to take advantage of this program is to create a marketing strategy that gets consumers to buy.
Pay-per-lead
This type of affiliate program can be a little complex since it works by compensating the affiliate partner each time they get consumers to complete a particular action on the advertiser’s website.
Signing up for a free trial of a product or filling out a contact form, are two examples of this type of campaign.
It’s also pretty common in bank companies that run credit card referral programs.
Can affiliate marketing get you rich?
Affiliate marketing can definitely make you rich if you stay consistent as a publisher and is able to create a system that can work on its own.
There are even people who had quit their full-time jobs and committed to affiliate marketing since it’s more profitable than sitting at the office 8 hours a day.
Most affiliates apply the concept of sales funnels since it automates the entire process for them.
In case you didn’t know, sales funnels are very effective in generating leads and conversions since it helps guide prospects from the beginning until they convert.
Once you are able to create a system using sales funnels, that’s when you can start earning money while you sleep.
How can I promote my affiliate link for free?
Promoting affiliate links for free is way easier than you probably expected.
Social media platforms such as Facebook, Instagram, Twitter, Pinterest, YouTube, etc., are good channels for affiliate marketers to promote their affiliate links.
These platforms are great for marketers who don’t plan on running campaigns or building their own websites.
Plus, they’re also very effective in reaching an audience since these places are where people mostly spend their time.
Hashtags also help in getting your content out there especially on these platforms.
Just don’t forget to provide an affiliate link disclosure to inform your audience that you’re an affiliate and may earn commissions when they click on your link to make a purchase.
Is affiliate marketing worth it?
DEFINITELY
Affiliate marketing is something that takes time and consistency but the results are always worth it.
It can be a consistent source of income for affiliates who work hard in getting their links to the right audience.
Think about it, if you’re promoting a product intended for gamers and are sharing your link to a group of people interested in crochet or sewing, then you can’t guarantee that your efforts will result in conversions.
It’s always about targeting the right audience and also finding a niche that you’re passionate about.
Some people may say that it’s too late to become an affiliate marketer, but if you can develop a strategy that works, then you can achieve the results that you want.
Master Affiliate Marketing to $10K Course
Learning how affiliate marketing works takes time and sometimes you might even end up confused since there are lots of ways to do it.
Master Affiliate Marketing to $10K Course is the course that’s highly recommended for people interested to make money in affiliate marketing.
As the title itself says, it will help you achieve $10K as an affiliate marketer when you apply all the strategies that are taught in the course.
Justin Coleman launched the course to help beginners get a clear view of the amazing world of affiliate marketing.
He also teaches you about a special method that applies the concept of sales funnels so that you can achieve the same success as he did.
Unlike other online courses about affiliate marketing, the contents inside the course are constantly updated.
After taking the course, you get to enjoy becoming an instant affiliate so you can start earning commissions without joining an affiliate network.
So if you’re interested to become successful in this industry, take the course today by clicking here.
