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Wednesday, April 15, 2020

What is Affiliate Marketing and How Does It Work

When it comes to making money online, affiliate marketing is the most effective way to approach, and surprisingly it is less known even by some of the best minds. Affiliate marketing is a very dynamic marketing strategy with several common approaches. This can make it difficult to know-how, or where, to begin creating an affiliate program for your brand and products.


Want to understand what is Affiliate marketing? Keep reading to learn everything about this popular passive income method.

Affiliate marketing is a performance-based type of marketing, where the vendor provides a way to their affiliates to promote their products (usually providing traceable affiliate links) and earn commissions on every sale generated by the affiliate’s efforts to promote this product.

Here is a screenshot of one of the affiliate program that I promote:

Screenshot of one of the affiliate program that I promote

Here we provide you all the details about Affiliate Marketing:

What is affiliate marketing?
How Affiliate marketing works
How Can I Start An Affiliate Marketing Business Online?
Tips to Become a Successful Affiliate Marketer

What is affiliate marketing and how does it work?

The process by which an affiliate refers someone to any online product and when that person buys the product based on your recommendation, you receive a commission. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. The sales are tracked via affiliate links from one website to another.

All over the world Every big and small company like Amazon, Flipkart, Godaddy, Apple, Snapdeal, Bluehost, Google have an affiliate program, which is free to join by any individual across the globe. If you did not know about this, then pay close attention to the rest of this guide, my friend, you are about to discover one of the most interesting aspects of making money from home. This commission varies from 1% to 80% depending on what product you are promoting.

Also, Here is how affiliate marketing works in Four (4) simple steps:

  1. You join an affiliate program (आप एक affiliate प्रोग्राम से जुड़ते हैं|)
  2. You pick a product to promote (You will get a unique affiliate link) (आप एक उत्पाद को बढ़ावा देने के लिए चुनते हैं (आपको एक unique affiliate लिंक मिलेगा)
  3. You share the link via Social media, Blog, YouTube videos, Facebook ads or any other form (आप लिंक को सोशल मीडिया, ब्लॉग, यूट्यूब वीडियो, फेसबुक विज्ञापन या किसी अन्य रूप में साझा करते हैं|)
  4. When someone makes a purchase, you earn a handsome affiliate commission. (जब कोई खरीदारी करता है, तो आप एक कमीशन कमाते हैं।)

The below infographic will help you understand the lifecycle:

affiliate marketing works in 4 simple steps

How Can I Start An Affiliate Marketing Business Online?

Starting the Affiliate Marketing Business is more of an adventure with a product promotion medium like a website, YouTube channel, etc. I won’t say it is a smooth journey but it’s a very rewarding one and you might end up enjoying the challenges that come with becoming an affiliate is never boring. You can start the Affiliate Marketing Business by simply following the 5 steps are given below:

1. Study About Affiliate Marketing:

Affiliate marketing business is very broad and could be sometimes complex for the beginner affiliate so, the number one step to becoming an affiliate is understanding what affiliate marketing is all about, the pros and cons, ups and downs, rights and wrongs, and important concepts that every marketer should never forget.

2. Select a Suitable Niche or Niches:

The internet is a very big place and affiliate marketing covers most of it if not all there are a lot of niches and an affiliate marketer must specialize in one or a few niches in other to remain focused and get maximum results.

3. Choose Affiliate Network:

The best way to go into affiliate marketing is by selecting an affiliate network. There are a lot of affiliate networks, some of them are owned by well-known companies like Flipkart, Amazon, Google, and Apple, while others specialize in specific types of products and services. Some other networks are owned by entrepreneurs and also have great products worth a look at.

4. Study the affiliate products:
Studying affiliate products is a nice strategy for every marketer, you should not go into marketing random products, instead, you should make researches and select products that already have a lot of audiences to increase sales and patronage.

5. Use Social Media for more gain traffic:

With a large number of people increasing daily on social networks, there is no better place to market merchant’s products. You can publish interesting posts regularly to redirect prospects to your merchant’s site as engagements are more on social media than anywhere on the internet. Build your Audience bank to promote & increase your selling through social media.

Also, Read Here: how to create a Website for free and make money | एक ब्लॉग को फ्री में कैसे बनाएं और पैसा कैसे बनाएं

Also, Read Here: How to Monetize Facebook videos | Earn Money with Your Videos on Facebook

Tips to Become a Successful Affiliate Marketer:

  • Choose products that are relevant to your website or niche.
  • Pick only Selected Products. Useful and popular products sell better than others.
  • Select products that are less likely to be returned. Remember, returned or canceled orders are not eligible for commissions.
  • Share your products through some channels. For example, websites, mobile apps, social networking, etc.
  • Research the demand for a product before promoting it.
  • Tell people more about the benefits of buying a particular product while making an offer.
  • Always track your progress and make necessary adjustments.
  • Collect your Product selling data and learn ideas about market demand & Strategy.

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