In the era of Internet, Affiliate Marketing is one of the best sources to make money online. It is a part of Internet marketing where we promote and advertise the products or services to drive a direct sale. When it comes to earning a passive income, affiliate marketing is the best option. There is no need for more technical knowledge to start an affiliate marketing business. All you need to do is promote other company products or services on your own website to make them sell. You will earn a better commission from the company. In 2020, Affiliate Marketing is one of the best business models to make money online.
What is Affiliate Marketing:
Affiliate Marketing is a way of promoting and advertising of company’s products and services and earns a commission in return. In other words, it can be considered as a marketing arrangement where an online retailer gives a commission through its referrals to an external website.
Steps To Start Affiliate Marketing Business:
Here are the basic steps to start an Affiliate Marketing business. Follow the steps to start making money online.
- Step 1: Create your own website or Blog
- Step 2: Research online for the affiliate programs
- Step 3: Find out the category and products.
- Step 4: Register for that Affiliate Program and get your affiliate link
- Step 5: Promote and advertise the products with affiliate links on your website. Give the complete description of the product along with images.
- Step 6: Use Search Engine Optimization services to optimize your affiliate website to rank on top of the Google search.
- Step 7: Use Social Media Channels to promote affiliate products.
Affiliate Marketing Working Model:
The affiliate marketing working model revolves around 5 steps. Let us know about them.
-
Sign up with an affiliate program
-
Select the affiliate product
-
Add the product to your website and promote it.
-
People buy the product through your affiliate link
-
You will get paid a commission by the affiliate company.
Term Need to Know in Affiliate Marketing
Publisher: In Affiliate marketing, a publisher is a person who promotes and advertises the affiliate products on their own website. The publisher can also be named as partners or affiliates. Publisher creates contents for the product. Publishers will earn commission through the referral link placed in the product.
Advertiser: An advertiser is a company that allows people to register on their website and become a publisher. The advertisers are looking for the person to become an affiliate or publisher for promoting their products. Advertisers are the one who is giving commissions to the publisher.
Affiliate Networks: Affiliate networks are the websites that connect the publisher to the advertisers. It works as an intermediate between the publisher and advertiser. It is beneficial for both publishers and advertisers as it allows the publisher to generate income and also helps advertisers to reach their product to new audiences. Affiliate network allows becoming a publisher for various advertisers on a single platform.
Major Affiliate Marketing Segments:
- Domain Hosting Services.
- E-Commerce segment for online cosmetic shopping.
- Travel Planning affiliates.
If you are looking for an easy way to earn a passive income online then affiliate marketing would be the best option. Some affiliate companies are giving huge commissions on their products.
Start Affiliate marketing by creating your own website. If you are looking for a website development agency then feel free to reach us.
Roshan Kumar is a Digital Marketing Executive at Amiure International. A Digital Marketer with 5 years of experience, handled and executed successfully various national and International Projects. Love to read and write Blogs.