Affiliate marketing is nothing but some people or companies will reward you, if you can sell their product online. You will earn the certain percentage of commissions once the product has been sold through your link.
The Affiliate marketing industry has four core players:
The merchant – also well known as ‘retailer’ or the ‘brand’
The Network – that holds offers for the affiliate to choose from and also takes care of the payments
The publisher – also known as ‘the affiliate’, the one who publish the merchant ads/promote his products
Customer – the King
There are lot of Top Affiliate Network sites which allows the advertisers to advertise their product and you being an affiliate or publisher to the network to sell/promote the advertiser’s product and once customer buys that product then you will get money based on the percentage of the price of the product, usually it lies around 3-7% for e-commerce sites and more than 10% for software related products and other technical stuff products.
My Verdict About Affiliate Marketing:
There is no risk involved from your side because once you send the customers to their product then everything is taken care of affiliate marketing network like how the product will reach to customer’s house or how the customer will pay the money and after the sale is done, you get your money. Indecent commission rates.
All you have to do is join the affiliate marketing network and find the suitable product which you think you can sell online. Once you have selected the product they will offer the product link or banner which comprises your tracking Id and promote it online. If a visitor (customer) buys the advertiser’s product by clicking your link then you will get some commissions.
Cost per action need here that referred visitors act more than visit the advertiser’s website before the affiliate receives the commission. The advertiser must convert that visitor first. It is in the best interest for the affiliate to send the most closely targeted traffic to the advertiser as possible to increase the chance of a conversion. The risk and loss are shared between the affiliate and the advertiser.
There are many ways you can find the customers online. Like creating your own website and making a product review, or open a YouTube channel only for promoting the affiliate products which usually pay you high. At the end of the review, you can include your product link. Suppose I will create a post regarding how to create a website. For creating a website somebody needs a Domain and Hosting. Therefore you can recommend your readers the best place to purchase their domain and hosting with your affiliate links.
Usually, affiliates get some coupon codes from the domain/hosting sites so that you can place them on your websites so that readers can get those codes and get the additional discount on Domain registration and Hosting plans. Find out here Top 7 tactics for successful Affiliate Marketing
There are several ways where you can promote products online without a website. They are listed below:
Purchasing solo ads is one of the best ways for affiliate marketing
Posting in many Facebook groups and pages frequently about new products – it is like a freeway. The only task you should do is show your presence in top Facebook groups having thousands of members Through Traffic exchange sites like Traffic monsoon, Hit Leap – but it is not an effective way to make sales. As the people mainly concentrate on traffic, you may not get enough sales from your affiliate links/banners.
Facebook paid ads – you should pay huge for your ads so that they appear more. But the sales conversion rate is 50-50.