Affiliate marketing is is a type of performance-based marketing in which a business rewards its affiliates when he makes a sale. They pay commision to the affiliates which may vary from 0.01% to 40%. You can start an affiliate marketing business if you have a website, blog, social media pages, email list or YouTube channels.
How it works
- In order to start affiliate marketing, you need any of the platform listed above. If you don't have one create one.
- Select a marketplace that you would like to promote and apply for their affiliate programme. (eg: Amazon, eBay etc )
- After getting approval, select products that you would like to promote and generate its affiliate links/banner.
- Share the link in appropriate platforms that can generate sales.
Here, you earn money when someone from online buy product through your affiliate link. You are not paid for ad clicks or views.
Promote your affiliate links
You can promote your affiliate link according to the company policy, you can invest in ads or generate sale with your audience.The platform that you use to promote your affiliate links has a great influence on generating sales. Suppose you have a website/ Youtube channel that provides smartphone reviews, there is a high chance that users reading/watching that content is in the market for a new smartphone. You can generate sales here by providing affiliate links to buy that smartphone. So, it is always best to select the relevant products that suit your audience.
The companies have different policies on the promotion of affiliate links, some allow incentive programmes while others reject such traffics. So, read the policy of the company before you start promoting the links.
How much you can earn
The earning potential of affiliate marketing is huge. Here you are paid with a percentage of money of the product that is sold because of your effort. There is no earning limit here, the more sale you generate, the more you can earn. You will not earn immediately after the purchase, you are paid only when the return/replacement period is completed.Best affiliate programmes
There are two types of websites that offer affiliate programmes. Some websites like Amazon have their own affiliate programme, users can register on their website and start promoting products from Amazon. Affiliate Network websites (like Commission Junction, ShareASale...etc) offers multiple brands on their website, here you can promote products more products.- Amazon Associates
- eBay Partners
- Flipkart Affiliate
- ShareASale Affiliates.
- Shopify Affiliate Program.
- Clickbank.
- Rakuten Marketing Affiliates.
- CJ Affiliate (Commission Junction)
- Cuelinks
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