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  • Affiliate Marketing Business : A Quick Guide

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    Do you want to start your Affiliate Business?

     

    Every year hundreds of newbies start affiliate marketing business to earn passive income.

     

    It’s far easy to make money by selling others products through blogs and/or website promotion rather than managing the complete product cycle.

     

    In this article, I will share the essentials of Affiliate Marketing Business and how affiliate marketing works.

     

     

     

    Image Courtesy: www.business-opportunities.biz

     

     

    Let’s start by answering a basic question.

     

    What is Affiliate Marketing?

     

    Affiliate marketing is considered as one of the oldest forms of marketing. It is a process by which you can promote other companies’ products and services online for a commision. Commissions received are often a sale percentage but can also be a fixed amount as per terms or conversation. It can vary from $1 to $1000, depending on the kind of products or services that you are promoting. Perhaps, the more easier way to explain affiliate marketing is “a process where you as a publisher gets rewarded for helping a business (advertisers) by promoting their services, products or website”.


     

    Affiliate marketing is “a process where you as a publisher gets rewarded for helping a business (advertisers) by promoting their services, products or website”.

     

     

     

                             

    A more simplified definition of Affiliate Marketing

    Affiliate Marketing Business - “A Win-Win Situation”

     

    You must be asking, Why Affiliate Marketing?  

     

    • According to a survey conducted by comScore Networks, consumers that click on the affiliate links are likely to spend more time on the merchant website than an average internet shopper.
    • A study has proved that an affiliate consumer is 43 times more likely to convert online than a regular refered consumer.
    • Affiliate consumers represent a more dignified and qualified demographic. A study has found that 17 % of the affiliate shoppers are more likely to have a household income greater than $75,000 a year.

     

    Not impressed?

     

    Well, have a look at 20 Affiliate Marketing stats that will change your mind for sure.

     

    An effective affiliate business model is a legitimate and viable tool to monetize a website or blog. At the same time, it’s beneficial for the company or advertiser as well.

     

    “Affiliate Marketing Maybe Your Next Best Career Move.” Larry Bussey

     

    • Merchants prefer affiliate marketing to promote their services and products. It is very beneficial for them as they only spend the money for advertising whenever there is a conversion. In the wake of small commision offered to publisher, advertisers get benefits like increased traffic and enhanced overall sales.
    • Affiliates prefer affiliate marketing because they are likely to find a product similar to their niche. They can generate additional earnings for every converted sale through their website. This can work well in excess of cost per impression or cost per click campaigns.
    • Customers are the one who actually sees the advertisement and click on the links to visit advertiser’s website. When the consumer purchase a commodity, we call it conversion.

     

     

     

    A simple illustration showing ”Affiliate Marketing Business Model” Courtesy : lunarpages.com

     

    How it Works?

     

     

     

    An affiliate marketing business infographic Courtesy: learntogrowwealthonline.com

     

     

    The most prevalent questions that you hear is related to how affiliate business marketing works and How companies keep a record of who is sending traffic or making more sales

     

    This is done by availing special hyperlinks or tracking url. These are a unique links given to you by the product company or the merchants. These tracking urls contain a unique ID codes that assist the affiliate company to track all sales and traffic that you are making from your website or through other promotional activities. Whenever you are creating an article or writing about the product or service portfolios, you can integrate the special tracking link in your writeup to recommend the company’s website. If you have enough traffic and your readers are clicking on the tracking urls to make the purchase, you will get the commision.

     

    Every prominent e commerce company including Snapdeal, Flipkart, Amazon etc. offers an affiliate program or Associate program. They have maintained a dedicated FAQ tab, wherein they have mentioned all the details pertaining to the start of Affiliate Marketing association with them.  You can simply visit their website and register for the program to avail unique hyperlink. Many of them offer a 30-day grace period, if a visitor is redirected to their sales page using a tracking URL and make purchase within 30 days, you are entitled to get sales commision.

     

    Conclusion

     

    Affiliate marketing can be termed as a part time income, passive source of income and/or  a full time career. It all depends on your work domain, dedication levels to build an amazing website and use of modern technology. After reading this article, you must have made up your mind, to start the affiliate marketing business. Do read “How to Kick Start an Affiliate Marketing Business in 8 Easy Ways” for further understanding.    

     



     

    Let me know how did you find the article, feel free to ask questions in the comment section below.

     

     

     

     

     

     

     

     

 2 Comment(s)

  • I like this post of yours but problem with Digital Marketing is that everybody writes or talks superficially and nobody gives practicle step by step tips to implement somthing directly that will make the readers obliged towards the writer. If somebody wants to implement something told by some expert or may call veteran in the digital field they just keep on guiding the reader and making him move at the circumference of the digital circle.

    My request is that sir,as i am new to digital marketing though i have good knowledge of on page and nearly satiable knowledge of off page optimization and PPC but these things are just as distant dreams comely to me in real sense. please suggest some pragmatic and easy tips so that a beginner also could benefit from it. Thankyou.

  • Hi Prashant, I tried to be as simple as possible. However, if you still find it little complex, I'm sorry on that. Prashant, if you are really serious in starting an Affiliate Marketing business. you can have a look at my other article on ways to kick start the affiliate marketing business.

    Before everything else, you need to have a website or a blog site, wherein you are writing some quality content. It is advised that you select a niche which you admire or likes the most Research about various e-commerce merchants that provide an easy affiliate program Register with those merchants, they will provide a unique tracking URl which has to be embedded in the write up. Do remember, it is not a one day affair and will require patience and hardwork. I'm always here to help you out.
    Do visit the link I provided, If there is anything more, do let me know.

    Thanks :)
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