What is Affiliate Marketing?
Welcome! Odds are, you’ve arrived here on the grounds that you aren’t exactly certain how affiliate marketing works. You probably found Affiliate Marketing With Greg while searching the internet for solutions for online marketing.
Or perhaps you’ve heard about affiliate marketers who make substantial amounts of money. Yet at the same time don’t have a clue what affiliate or commission based marketing is?
Today is your lucky day because our aim is to help you ace the craft of affiliate marketing and how to make money on the internet.
We obviously have a lot of work to do, so let’s get going!
We should begin with the most fundamental of essential inquiries: what is affiliate marketing?
Basically, Affiliate marketing is a process for you (The Affiliate) to earn a commission by promoting items or services of companies to your friends or readers.
You find a product you like you help in promoting it to the general populace and earn a piece of the total profit from the sales that you make.
At the end of the day, you are happy because you made a profit,
The company is happy because you helped them sell their product to a customer that you introduced to their product. And finally, the customer is happy because you are the one that introduced the product to them which will serve a purpose in their lives.
To simplify it, here’s the 4 stage for how it functions:
- You discover an item you want to promote
- Check for and join their affiliate program
- This gets you a link that allows the vendor to track the general population who clicked your link
- In the event that they purchase the item, you get a commission.
- Quite straightforward, isn’t that so?
How Does Affiliate Marketing Work?
There are many approaches to tracking affiliates nowadays, however, all are based off somebody clicking your tracking link.
The most well-known and basic kind of tracking is by means of a cookie.
At the point when the link is clicked, a small file called a cookie is saved on their PC telling the vendor that if a deal is made, it originated from you.
There are likewise more propelled techniques in light of the email utilised or IP address – yet we won’t get into those here, we’ll stick to the fundamentals.
How Do You Find an Affiliate Product to Promote?
Here’s the thing, you can pick pretty much any item that you can purchase on the web. There will usually be an affiliate program that will pay you a discoverers fee for referring a sale.
In any case, since you can promote anything, doesn’t mean you ought to.
The most important thing to consider while choosing an item to market is, “is it significant to your group of viewers?”
- Do I use this item?
- Will most of my readers gain any benefit from using this item?
- Is the purchasing procedure simple?
- Is there a decent affiliate commission? (Not generally important)
- On the off chance that I answer yes to each of these questions, then it’s most likely a solid match and worth advertising.
Make a list of items that you use that you think your blog readers would benefit by using.
Physical Products versus information Products versus services
Alright, you ought to have an idea of which items you might advertise – now it’s a great opportunity to choose which of those are the best fit for you and your blog audience.
There are three particular things you can advertise through affiliate marketing:
- Physical Products
- Information Products
Each of these has upsides and downsides and we will look into them now.
Physical items are likely the simplest thing to advertise for one reason, and one reason only: Amazon.
Amazon has the world’s biggest affiliate program, and once you join, you can get a link for any item on the site, and acquire a commission on it!
Truly cool, isn’t that so?
The answer would be yes and no
Commissions on physical items are very low, because of the majority of the variables that go into selling them (manufacturing, wholesaling, shipping, and so forth).
So you can gain a 4% commission on anything at Amazon. Once you’ve referred no less than 7 items in a month, your bonus will knock up to 6%, then 6.5%, 7 up to a maximum of around 8.5%.
Regardless of the possibility that you’re selling a large number of things a month, despite everything you’re making not as much as a 10% commission. I know a huge amount of individuals are making a tiny bit of cash from Amazon, yet there are those who make thousands!
Normal Physical Product Commissions: 4-10%. Anything more than 10% is great.
Sign Up for Amazon’s Affiliate program
Joining Amazon’s affiliate program is a great way to start. In light of the fact that the odds are great, you are already using amazon and most of your audience know about amazon.
You can join and get links quickly by clicking below:
In the event that you need to advertise physical items, there’s most likely a better place to do it than Amazon over the long haul if your niche is somehow specialised.
Amazon has a 24-hour cookie. That means that when somebody clicks your link, lands on Amazon and afterward purchases anything from the site within the following 24 hours you get the commission.
This is to some degree is a brief timeframe. Compare it with some other offshoot programs where the time span can be 90 days or more.
For example, when I’m promoting golf items for Breaking Eighty, I’ll generally gain a 6.5% commission in light of what number of things I refer by and large every month.
You could join the Golf Galaxy affiliate program, which pays out 6-8%, however, it has a 45-day cookie. So assuming somebody clicks the link and afterward purchases anything from the site during the following 45 days – you would get a commission.
Makes it significantly less demanding to make sales.
If you know your niche and need to advertise a physical item do a fast google search for “item name affiliate program” or “your specialty subsidiary program” to get an idea of what different choices are out there.
Affiliate Marketing for Information Products
This is normally something made by a blogger, advertiser or creator that shows you how to accomplish something.
There are many reasons that information products are brilliant to promote:
- Most times they are higher valued, which earns you higher commissions.
- There is an identity behind them, which builds trust and makes them simpler to offer
- Often they can have full marketing channels behind them helping in deals.
- They take care of an issue or give an answer that your readers are searching for.
For the most part, it can be a tiny bit more work to become an affiliate for these items as vendors can be protective of who they let promote the items.
Additionally, there may not be an obvious way to join, like amazon where you can join easily. Consequently, you may have to speak with the product creator directly or search for an “affiliates” page or tab on their product site.
The commissions are considerably higher than physical items making Information Products far more lucrative than Physical Products.
Information product commissions normally extend from 30 to 50% or even %75– as the costs of producing the product are considerably smaller.
It is advisable to look for high priced products created by individuals that have very good marketing skills. Why?
Because you are sending traffic to their channel and they convert the sales. Which will make your work generally negligible.
The third type of item you can promote is a service. This is another huge one.
My business wouldn’t work without hosting, autoresponder, a theme and so forth.
So it can be anything but difficult to make a deal on services, on the grounds that since I for one cherish and use them, there’s a decent shot you and your customers will as well.
A cool aspect regarding service, for instance, is that frequently there are repeating commissions. For example, you make around 30% a month each time you refer somebody to Aweber (my affiliate link!), my preferred autoresponder.
Over time the commissions or profits can add up to considerable monthly income.
Consider which service’s you use and enjoy, then promote them on your site. You can ordinarily expect commissions between 15-30% on service products – occasionally higher depending on the service.
If you found this post helpful or want to know something I haven’t covered here, please leave me a comment below.