What is Affiliate Marketing?
Affiliate Marketing is promoting someone else’s product or service in exchange for a commission. In another way Affiliate Marketing is promoting someone else’s product or service in exchange for a commission.
You are affiliated with someone else product and when people buy it through your unique affiliate link, you get a part of the amount the buyer paid.
Let’s try to know it with an example.
Imagine there is an SEO training institute that makes a beautiful SEO course for the beginner, where people can learn from scratch how to rank a website on Google SERP results.
The course costs $150. And when anyone buys the course they pay $150. At the same time, they get the login details to that course. So there is an exchange. The visitor gets access to the course for $150. So the course maker is happy because of the just earned $150.
What’s more, the visitor – or the buyer – is happy because he got access to a stunning SEO Beginner course. But since the SEO course is digital everything is profit. You don’t have to pack something or send it to an address. No, it’s all digital. So you can duplicate it unlimited times. So if he earns $150 per client he gets profit, but when he gets $100 per client, his profit is $100 profit.
So what will he do? He will get affiliates to promote his course for him in exchange for a commission.
So let me show you: So when somebody buys his SEO Beginner through an affiliate link, the visitor still pays $150, but instead of $150 going directly to the course owner, $50 goes to the affiliate, $150 goes to the course owner and the course goes to the visitor. So the course owner makes less profit – $100 instead of 150 – and the great thing is: Now he has a whole sales team that will promote the course for him.
So more sales will come in, he will share the commission and the visitors still get his course. So what would you rather have: Selling your own made course by yourself and getting one sale of $150 per day, or having a whole team promote your course and getting 5 sales per day and getting $ 100.- per sale.
If you promote your course by yourself and you get one sale of $150, but if you get 5 sales through affiliates per day, you earn $100 per sales, which is $500 per day. So now the course maker gets $100. The affiliate gets $50 and the buyer gets his course. So it’s a very great situation. Everybody is happy. And the great thing is that when you promote someone else product you are not a Helpdesk, you have no obligations, in a lot of cases you don’t even know who the buyer is.
So after you make your sale you get a commission and your job is done. So this is an amazing way to earn money through the internet. Everyday people on the internet to learn things and to buy things. So your job is to become the mediator, the affiliate between the buyer and the product, so you can get your commission.
So, how does it work? You can go to any product or service online and find out if they have an affiliate program. When they have one, you can apply to become an affiliate. When your affiliate account is activated, you get a unique link. Why? Because in that way the company knows where the visitors come from. So if someone clicks on your unique affiliate link, and then buys the product or service you promote, the company of that product knows that the sale comes from you and that the commission should go to you. So it is all on autopilot.
So, let’s make it practical. How do you start with Affiliate Marketing? You offer value around the product or service that you promote. What do I mean?
I will illustrate it through an example. If I search on the internet for the best SEO course 2020. And I skip all the ads and I go over here. What do I see? The best SEO course for a beginner with the latest Google update. So I can click overhear. And what I can do know. I can take a look at this. I can try this out. The best SEO course. Play around with it. Learn how to rank and website on google. And then I can scroll down. All the way. And let me see. If there is something about affiliates. So I click on affiliates. I can become an affiliate. And what it says: You get 60% off the sale. So I can click on pricing. And look at this. Lifetime access for $899 or yearly access for $112. That means that when somebody would buy this through my affiliate link, I would get $67.20. And the great thing with the SEO Course that every year it is recurring. So when they buy it for a second you again will get $67.20. And if people pay it for one time you get $ 539.40. So what you need to do know. You need to create value around this product.
You can also start affiliate marketing with your blog or YouTube from where you can gather or convert searchers or user to the reader or customer.
Here is some E-Commerce Platform for start affiliate marketing: