Creating an online affiliate business is one of the easiest ways of making money online, although initially it can take a while to set up depending on what you want to get out of it in the long run.
It can also be a great passive income source which can enable you to get profits over and over again with the same affiliate link.
What is affiliate marketing?
To make it simple... You (the affiliate) will be promoting a product from the specific company using there affiliate link and product description. Once someone buys that product through your link, you take a commision for that specific sale.
"As an affiliate, you’re a salesperson for the company. You help to make a sale, the company rewards you."
The best thing about affiliate marketing is that you can do it at scale. A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many different companies and earn commissions from all of them.
You can decide what products and services you want to sell in your required niche. For example..If you choose health and fitness niche, then you can look to sell something regarding health and fitness like energy supplements or weight loss products etc. The market is immense with ideas on what to promote and sell, it's just down to your own creativity on coming up with specific items to sell.
How does an affiliate link work?
The merchant gives each affiliate a unique link so they can track who was responsible for a sale. Once someone (the buyer) clicks on that link a small file called a cookie is attached and stored on there device. An affiliate cookie does two things:
• It helps the merchant attribute the sale back to the right person
• It (usually) holds an expiration date, so you get paid even if the buyer delays their purchase. Some cases it could last upto 90 days.
So if someone clicks your link and decides not to buy straight away, but then goes back at a later date and finalises the purchase, you will still get commission from the sale.
How can it be passive income?
Some companies can sell subscriptions or monthly fees for a certain product and will still continue to pay you commisions each month. This can be a very rewarding way of making a generous amount of profit over and over again without doing anything at all on your behalf.
How much can I earn?
Every company is different and offers a different percentage payout rate but usually you can expect to earn 20 to 40% of each sale you make.
On certain other affiliate sites selling digital products you can expect to earn upto 80% commissions
So where can I advertise my affiliate link to make a sale?
There are many ways of advertising you referral links depending on your budget although you can advertise free on social media and free ad websites. You should be looking around 1% interaction depending on the amount of people seeing your ad.
Eg. If your advertising to 10,000 people then you should expect 100 people to interact with your ad.
Obviously the more viewers get to see your ad then the more interactions and sales you should expect to receive.
You can use all the social media networks to advertise your affiliate link for free, but be aware that just posting the link is not the best practice and can get you banned for spamming. The way around this is to create yourself a landing page, either using your own website or just a simple but effective Sites.google.com page for free.
How do I get paid?
Each company offers different methods of payment but usually you can get paid via PayPal, bank transfer and even cryptocurrencies depending on which country you live in.
How much can I earn?
This depends on how much you put into your business! The more affiliate programs you work with, then the more money you will earn in the long run.
If your a beginner then its advised not to jump in at the deep-end...maybe just a couple of affiliates to start and then build up as you go.
What's the best affiliate program to start off with?
Our recommendation would be to start off with a company called ClickBank. This is a reliable company that has been around for a long time. You can register with them and pick out whichever item/service you want to promote. Its always best to find the products with the best "gravity" as this tends to sell better but just pick something that fits your required niche. The "gravity" shows how many sales have been achieved from the product in a given amount of time so pick the best ones. When you click on "promote now" button you will be given your unique affiliate link, which you need to copy and use to promote and be paid.
For a more indepth tutorial then please reply to this post or contact us for more information.