There will be many doubts in your mind about what is Affiliate Marketing, how it works and how to earn money from it. In today’s topic, we will talk about it. Today’s era is the era of computer, internet and online shopping / marketing.
The trend of online shopping is going on and it is slowly becoming famous, so many people are showing interest in doing business online and earning money by creating e-commerce site and personal blog.
Many bloggers use it in their blog and there are some bloggers who do not use it in their blog.
In this article we will talk about What is Affiliate Marketing? I am going to tell about it and also pros and cos.
You have to read this article completely so that all the doubts related to your affiliate marketing will be cleared. So without delay let’s start.
What is Affiliate Marketing?
Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The commission that is received depends on the type of product, such as more on fashion and lifestyle categories and less commission on electronics products.
To promote any kind of products through your website, it is very important to have more traffic in your website or blog. If your website is new and it is getting less visitors, then you will not get much profit by advertising the products on your website.
That is why it would be better that you put affiliate products in your blog only when your blog will start getting more visitors.
How does Affiliate Marketing work?
It is very important to know the answer of this question to those people who are associated with the online field. If they also want to start their affiliate then it is very important for them to know how Affiliate Marketing works.
If a product based company or organization wants to increase the sale of their products. For this they have to promote their products. Especially that is why they have to start their own affiliate program.
Affiliate Marketing’s business is commission based. When any other person that a blogger or website owner joins that program, then the company or organization starting this program provides him with a banner or link etc. to promote his products on his blog or website. After this blogger have to put that link or banner on his blog or website in different ways.
Since the site of that blogger or website owner receives many visitors daily, it is possible that some of them visitor clicks on the offer shown, then he reaches the websites of product based companies and buys something or any service. If he buys up for that, in return that company or organization gives commission to blogger in return.
Some important definitions related to affiliate marketing:
Some words, about which it is very important for all of us to know. So let’s get information about some such definitions.
- Affiliates:
Affiliates are called those people who joined an affiliate program, promote their products on their sources such as blog or website. This can be any person.
- Affiliate Marketplace:
There are some companies that offer Affiliate Programs in different categories, they are called Affiliate Marketplace.
- Affiliate ID:
This is a unique ID that is received upon signing up. Each Affiliate is given a unique ID through Affiliate Programs, which helps in collecting information in sales. With the help of this ID, you can login to your Affiliate account.
- Affiliate link:
This is called the link that is provided to affiliates for promoting the product. By clicking on these links, visitors reach a product website, where they can buy a product. Through these links only those running the Affiliate program track the sales.
- Commission:
After a successful sale, the amount that the blogger or the one who sells (affiliate) is called commission. This amount is provided to the Affiliate according to each sale. It can be some percentage of the sale or any amount already fixed like already mentioned in terms and condition.
- Payment Mode:
The way to get payment is called Payment Mode. This means that the medium through which you will be given your commission. Different affiliates offer different modes. Such as check, wire transfer, PayPal etc.
- Payment Threshold:
In affiliate marketing, some commission is provided to affiliates when they make some minimum sales. Only after doing this sale you will be able to earn payment. This is called the payment threshold. The amount of the payment threshold of different programs is different.
How to make money from Affiliate marketing?
In today’s time, many bloggers are associated with affiliate marketing and are also making a lot of income, the best way to earn money from blog is through affiliate market. To make income from affiliate marketing, we have to sign up affiliate program.
After registering, we have to add the link of the ads and products given by them on our blog. When any visitor coming to our blog will buy the product by clicking on that ad, then we will get commission from the owner of the company.
Here the question arises that which company offers this affiliate program. So the answer is that there are many companies on the internet that offer affiliate programs, some of them are very famous such as amazon, flipkart, snapdeal, GoDaddy, etc.
All such companies offer affiliate programs, in which you can join the company by simply signup or register and choose their products and add their links or ads to your blog and earn a lot of money. And for signing up or registering, we do not have to pay anything to the company.
You can find out by searching in google which company provides the service of affiliate program.
For example, write the name of any one company like say amazon and write affiliate with that name and search in google, if that company offers affiliate program then you will get its link from there and you can easily connect with that company. But before joining any company, read its terms and conditions.
How to get payment from Affiliate Program?
It depends on different affiliate programs, which modes they support to pay their affiliates. But almost all programs use bank transfer and PayPal for payment. There are some such terms used in the Affiliate program, without which affiliates are commissioned like
1) CPM (Cost Per 1000 impressions):
This is the amount that the merchant (ie., the owner of the product) has to affiliate (ie., the one who promotes their product) on the advertisement of those products placed on the page of his blog. If 1000 views have taken place, then the merchant gives commission to the affiliate on its basis.
2) CPS (Cost Per Sale):
This amount is received by the affiliate when the visitor of his blog buys the products. On the basis of the number of people who buy the products, the affiliate gets a commission on every purchase.
3) CPC (Cost per click):
He gets commission on every click of the visitor on the advertisement, text, banner placed on the affiliate’s blog.
Can we use Affiliate marketing and Google Adsense together?
The answer is yes, with affiliate marketing you can earn more money than Google Adsense and in less time. And it is not at all against the terms of service of Google Adsense because it is completely legal. You can comfortably use both in your blog.
To get the approval of Google Adsense, we do not have to work as hard as we do to use affiliate marketing, so most bloggers like to earn money from affiliate marketing. The more products you sell from your blog, the more your income will be.
If you add related products to your blog, then you will get more profit. It means to say that if the content of your blog is related to gadgets, then place ads related to it, this will increase the chances of your visitors clicking on the ads and you will get more profit.
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Which are the popular Affiliate Marketing sites?
Although there are many affiliate marketing companies available to you on the Internet, but today I will tell you about some popular and best companies that give you more commission.
Before joining any affiliate program, you should get all the information related to that program in advance. If you want to know about a company’s affiliate marketing program, then you will have to search on any search engine by writing affiliate in front of the company’s name and if that company has an affiliate program then it will show in the search results.
Best Affiliate Marketing Sites :
- Amazon Affiliate
- Snapdeal Affiliate
- Clickbank
- Commission Junction
- eBay
- JVZoo
Bonus tip:
If you can connect with big and famous brands then this can take a huge advantage from your affiliate marketing campaign.
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