What Is Affiliate Marketing?
Affiliate marketing is earning a commission by promoting or selling other peoples products and services. You promote it to others who buy it and you earn a piece of the profit for doing do.
There Are 4 Parts Or Parties To Affiliate Marketing:
- The merchant or creator – the person who creates the product or service
- The affiliate – the person who promotes the product and attracts and convinces the consumer or customer to buy
- The consumer – the person who buys the product
- The ‘network’ – the system or scheme that connects the merchant and affiliate together
There Are Basically Two Sides To Affiliate Marketing That You Choose To Be On:
- You can be a merchant who produces the product and sells it – you get others (as well as yourself if you so choose) to sell the product and make your profit
- You can be the affiliate marketer who promotes and markets the product to the consumer – you sell the product to others and take a percentage commission for selling the product to make your profit.
How Do You Become A Merchant?
- You need a product idea
- You need to confirm that people will buy your product
- You need to make that product
- You need to find affiliates to sell your product and to deliver them – this is where the network comes in to play.
How Do You Become An Affiliate Marketer?
You need to choose a niche that you want to work in – preferably something you know about and like
You need to find affiliate products in your niche that you want to sell.
You need to join an affiliate ‘network’ that has those products – if you decide to sell digital products you might join Clickbank – if you decide to sell consumer products such as tools, toys or household goods you might join the Amazon Affiliates Program.
You need to start reviewing and promoting these chosen products – it might be on your website or blog, on YouTube, on Facebook Live, on webinars – wherever your audience is.
Collecting email addresses of your audience to connect with your audience at any time you want to via email marketing.
Pay Per click advertising can help scale your business upwards.
Conclusion
Affiliate marketing is a great way to make passive income from home, without the worry of producing your own product or service – but your success does depend on your marketing skills and correct niche selection.
How Can You Help With Our Affiliate Marketing?
JSP Web Design can help and advise you on all aspects of Affiliate Marketing. – maybe you just want to dip your toe in the water by ‘monetising’ your own website.
