Your Epic Guide to Affiliate Marketing
Defining affiliate marketing will depend on the vantage point that you want to focus on. For companies, it is a great way for them to advertise their products without paying a lot of money on traditional advertising methods. For affiliates, this can be a great way to supplement your main income as all you need to do is promote products from certain companies; allowing you to earn commissions on every sale.
Affiliate marketing is definitely one of the best ways to generate passive income and this article will serve as your epic guide to the world of marketing products in a different way.
What is Affiliate Marketing?
Before talking about anything else, I must first define the scope of this article. Affiliate marketing is marketing not in a traditional sense where you create ads to promote a certain product. You will still promote products, albeit in the form of content pieces.
You can promote a company’s products through blog posts and articles, podcasts, or even Youtube videos, among many others.
When you partner up with companies, you will be given special affiliate links that, when clicked, will lead to their product pages. When people buy those products using the link that you’ve posted on your content, you will receive a percentage commission that varies depending on the agreed-upon terms.
By doing the right strategy, you can potentially earn thousands of dollars in affiliate marketing. However, I want to temper your expectations in that you cannot get rich quickly using this scheme. Think of this as having your own brand and business; it takes time.
How to Get Started?
To get started as an affiliate marketer, you must first think about establishing your own platform and gaining a reputation in your chosen niche. For example, you have decided to create a blog that mainly focuses on improving one’s wealth. That is quite good as it is one of the evergreen niches for affiliate marketers since people are looking for ways to get wealthy.
Now, at this point, you should not think about affiliate programs first, but rather, think about gaining an audience. The reason is that your platform will look more appealing to companies if you have amassed a loyal following. Once you’ve reached, say, 10,000 followers, you can then proceed with the next step which is to find the right affiliate program.
Affiliate Programs and Networks
The beauty of affiliate marketing is that you will have complete freedom as to which company you want to work with. You can either look for affiliate programs yourself or you can enlist in an affiliate network to help streamline the process.
Basically, an affiliate program is where you abide by the rules that are set by a certain company and once you’ve agreed to the terms and conditions, you can then start promoting their products on your platform.
Affiliate networks, on the other hand, act as middlemen between the advertisers (companies) and you. They will take a small cut from the commissions that you make but this is by far the easiest way for you to get started.