DEFINITION: Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
Or affiliate marketing can be seen as the process of spreading product creation and product marketing across different parties, where each party receives a share of the revenue according to their contribution.
Affiliate marketing is distributed on is a process of few steps including various aspects or side
- First of all comes the vendor, retailer or provider of the product in the market area.
It can either be a big company or a small retail organisation or a sole trader
2. The second and the most important one among these is the ‘Affiliate’ .
Affiliates can also range from single individuals to entire companies.
An affiliate marketing business can produce a few hundred dollars in commissions each month or tens of millions of dollars.
An affiliate promotes one or multiple products and tries to attract and convince customers so that they actually end up buying it.
3. Next comes the customer who purchase these products
The consumer will not typically pay a higher price to the affiliate marketer, as the cost of the affiliate network is already included in the retail price.
4. The next one is the ‘network’ . Many people does not add it in the list of affiliate marketing but amole of people has to use network because sometimes it works as an intermediate between the producer and th affiliate .
In the case of promoting consumer products, like tools, books, toys and household items, the biggest affiliate network, by far, is Amazon.
Their Amazon Associates affiliate program lets you promote any item that is sold on their platform
Earning through affiliate marketing can be very easy if you look upon these points.
There are many affiliate marketing works. So, you need to be patient.
You can feed your website with qualified content to get high ranking positions and raise awareness,
attend affiliate marketing events, seminars or webinars and join a discussion forum or online communities to meet new people
Instead of promoting everything, just promote a few products which are unique, profitable or can reach large masses.
For article marketing, you need to have a higher ranking in search engine results to be a credible source.
There are many article submission websites like Ezine Articles. As a marketer, you submit your article and affiliate marketers republish your article
understand market needs” at the beginning. Let’s deep into this step. If you have decent traffic, view your daily, weekly, quarterly and yearly traffic and sales chart in order to explore customers’ behaviors
By keeping these few steps in mind you can make affiliate marketing easy and rewarding.