What is Affiliate Marketing? How does it work? And how exactly can you use it to make money online?
So I want to start by showing you, why is this important? Why affiliate marketing is such an important part of why you want to include it as part of what you’re doing right now, whether you’re brand new to it, trying to figure things out online, or even If you’re an inexperienced online marketer, you’ll be here today to understand these concepts and see why. It will be a complete game-changer.
So let’s start with what is affiliate marketing and why should you care? So let’s start with this. Now when it comes to Affiliate Marketing, here it is. This is always the biggest problem people face in the online world. This product is under manufacture.
They say things like, “Okay, I understand that to make money online,” I need to sell something online. “But I don’t know how the product is made.” I’m not an expert. “I don’t understand manufacturing, shipping and logistics and fulfillment,” and customer support. “I don’t want to deal with all that.”
Now, what if affiliate marketing takes away all those issues? Now, why Affiliate Marketing? Because you don’t have to deal with product creation, you don’t have to deal with fulfillment, you don’t have to deal with customers. And what if you get paid only by referring people who buy another product?
Now, this product can be physical, can be a digital product, can be a service, can be software.
What is Affiliate Marketing?
“Affiliate Marketing’s entire Game Product Promotion Strategy and Commission are based. In which if you promote the company’s product through your website, YouTube channel or social media, then that company gives you a fixed commission for that product. This commission is your Affiliate Income. “
Throughout this article, we’re also going to make it strategic, which means it won’t just be theory because the truth is theory. It’s not going to matter to you, but real case studies, real numbers.
In fact, what you’re seeing here is literally promoting a piece of software that I didn’t write or code. You will know how I became a top affiliate for selling physical products, digital products.
So let’s dive straight into it. And then we’re gonna talk about how you can use it once you start getting some ideas.
Affiliate Marketing With Amazon
So you can see right now in this image, what I see in front of me is Amazon Associates. So you probably know this, but Amazon is the largest marketplace in the world that sells physical products.
And on Amazon here, you can see they have a lot of different categories, right? Digital fashion, footwear, jewelry, health and beauty, home kitchen. Just type here any product name and you can see your products and get links.
So depending on the category, for example, things like groceries and fresh produce, the percentage is lower.
Why? Because it’s easy to sell for Amazon. Now, those percentages keep changing from time to time. But as easy as selling it, groceries where they know the chances are, especially when everyone is stuck at home, the percentage is low.
Because it is easy for them to transfer this type of product. However, you will notice that you will see like 10% off on premium beauties like these types of products. So it’s kind of a range.
On average, it is around 5%. And you will see that physical products have less commission as compared to digital products.
So I’m going to walk you through a few different platforms and then show you how you can actually start using it as part of your business model. Or if you are new to it, how can you get started with a business in the world of Affiliate Marketing.
Now that’s the Amazon Prime Platform, Amazon Associates.
Affiliate Marketing with Click Bank.
Now ClickBank is a digital marketplace where you can promote literally any type of digital product. So what are digital products? They have few physical products today but ClickBank mainly specializes in digital.
So what is digital? Digital is intangible products, things like eBooks, videos, membership sites, where whenever you refer people to buy stuff on the platform they will pay you a commission.
So the different categories, you’ll see whichever market you want to visit, whether it’s arts and entertainment, gambling, business, computers, cooking, sports, green products, health, and fitness. And if you click on one of these different categories, it shrinks even further.
There is addiction, beauty, dental health, meditation, men’s health. So all these types of products, I am going to walk you through the different platforms first, especially if you are new to this, you need to start giving ideas about other people’s products that you can promote.
How Does Affiliate Marketing Work
For example, if let’s say you are an influencer on Instagram or you have a small number of 1000 people. And you’re wondering how to monetize a product, be it a digital product in the health and fitness space.
It can be a physical product if let’s say you’re a bodybuilder and you want the people you follow to be into bodybuilding or want to look good, naked, and they want to get that six-pack ab and get that summer to want to be chopped for.
So let’s say you want to sell protein powder. You are talking about people who buy protein powder on Amazon, where again, whenever people buy stuff on Amazon you get a commission.
And the good news here is that Amazon will pay you, not based on what you refer to, but based on that person’s total checkout.
So if you’ve ever shopped on Amazon, you know that Amazon has things like “people who bought it also bought it.” So they have these types of cross-selling and up-sell. And they’ll pay you that referral fee, a commission based on the total checkout value.
So why Affiliate Marketing? And that’s what really made me fall in love with affiliate marketing.
The first market I was ever in, you heard me talk about it, was World of Warcraft, that was when I made a small email list and I promoted this other person who promoted this eBook to World of Warcraft. Sold in Warcraft.
There were two products, How to level up fast and How to make gold in World of Warcraft. I’ve never played these games, you might not understand it. But this is what introduced me to the world of affiliate marketing.
I promoted both these products and started earning a lot from them. And I have never looked back since then.
If You Like Travelling Earn With Travelling Agencies
So affiliate marketing is a great way to get started for those of you wondering, “What if I’m in a market that’s more service-based?” “What if I’m in a place where I travel?” Whatever market you’re in, the best way to go to Google is to type in the location you’re in.
So for example, travel plus the term “affiliate program.” So if I type in “travel affiliate program”, quick research will reveal that, for example, Agoda has an affiliate program.
You get a 5% commission rate for every $200 booking that gets you $10 in commission, right? Booking.com, these are all different types of programs and chances are, you’ve used Booking.com or agoda.com.
And you can see from the page over here, so whatever it is, if you were to refer to people that book hotels or flights, so now you don’t have to come up with the product or the service.
What you’re merely doing is you are referring to people that buy stuff on these platforms and whenever that sale happens, these platforms will pay you a commission.
How to Promote Affiliate Marketing Links
The question is, how can we start sending people using Affiliate Marketing? And how do we actually build a business that probably starts as a side income where you can earn $100 a day I don’t know, but eventually a full-time thing, a real career, a real business I become like
So to start with, we need to understand the mechanics of how it works, how it tracks. So if I had to go to any of these platforms and if I had to sign up as an affiliate, they would give me an affiliate link.
Now, what is an affiliate link A code, a link specially customized for me that no one else in the world has?
Go to Amazon, sign up for an Amazon Associates account. Amazon will give me a link. And this link is unique to me, which is that whenever I send people, Amazon can track that I’m the person referring to the sale.
This is from a big picture perspective, how it works. So let’s talk about how you actually make money from it? So if you know it’s the big picture, how do you turn it into a business? You can turn it into a business by adding a step before this stage happens.
You see, here’s the first mistake people make. The first mistake people make is that they take this link, and then they direct people to these platforms. If you want to understand what the next mistake most people make is that they don’t take this step.
Best Affiliate Programs for Beginners 2021
Which affiliate program is the best?
The simplest method of earning money from Affiliate Marketing is you have to choose a good product and do not recommend useless products to anyone.
The more products you have to promote, the more products you sell, the more money you can earn.
- Amazon Affiliate
- CJ Affiliate
Apart from this, you will get a lot of Affiliate Programs on Google, you have to choose which Affiliate Program will be right according to your Niche.
Hope you like this article about affiliate marketing and how you can earn money from it. If you are a beginner you can start with an amazon associate.
If you have any doubts or questions related to this topic you can ask me in the comments and you can share with your friends and social media.