With the growing digital industry, more and more people are buying stuff online, whether it’s a physical or virtual product. The market for online trading and E-commerce is growing rapidly with a bright future for sure.
But with the rapid growth of the digital industry, competition is getting higher too. So as a blogger if you want to stand out in the market-beating tough competition at the same time, then as an affiliate marketer finding the right business or products to promote through your blog is a good idea.
Affiliate marketers are those individuals or groups who promote any services or products for a fixed commission rate. Among other make money online methods used by everyone all over the world, Affiliate marketing is the fastest-growing industry with the highest revenue-generating model compared to others.
If you are one of those people who are interested in starting a new affiliate-marketing business in 2020 then. Let’s dive in deeper to find out every important information related to affiliate marketing.
What Is Affiliate Marketing?
Affiliate marketing is basically a type of marketing method in which, affiliate marketers promote specific products and services according to the requirement of the seller. And receive a little commission in-between the process of selling the actual product or service.
The commission structure can be fixed or based on the type of parameters decided by the seller. The majority of well-known companies use affiliate networks for promoting their new products and services in the market.
Hence, affiliate marketing is better compared to other ad-networks when it comes to receiving more sales and conversions for your product. Anyone can be an affiliate marketer with some basic knowledge and a little bit of investment. Especially if you have your own blog and doing blogging you can promote affiliate products through your blog and also by Email marketing.
How Does Affiliate Marketing Work?
The whole system of affiliate marketing is very easy to understand when we take a close look at each of the components included in the process. It will be easier to understand the whole process with the image below, have look at it.
From the image, you can easily understand that the whole process starts from the affiliate marketer who starts promoting a specific product on his blog, or by email marketing or through ad-campaigns (paid traffic).
As for the next step, the possible customers are redirected to the offer page. Analyzing the whole data during the conversion process. The affiliates will track the actions and activities done by their visitors to make sure the product they promoting will sell more.
When the offer page receives more targetted traffic it will generate more sales for the company too. So the company will pay commission to the affiliate marketer for getting sales for a specific product/service.
Affiliate Marketing Benefits
Proper marketing is always a necessity for making your product or service successful in the market. With affiliate marketing, there are lots of benefits for the marketers and the sellers both. All the benefits of affiliate marketing are listed below.
- You will receive a fixed amount of commission for every sale/conversion you make.
- As an affiliate marketer, you can start building your e-mail list which will be your priceless asset for being successful in the field of affiliate marketing.
- When promoting the products that are billed on a monthly basis with fixed charges you can receive recurring commissions for lifetime until the customer stops to use the product or service.
- From a businessman’s perspective affiliate marketing is one of the most effective marketing strategies to easily promote your new products in the market.
- So it’s a win-win for companies and affiliate marketers both. Because the companies will get the sales they want. And we as affiliates will receive the commissions for promoting their products.
Apart from these benefits, there are lots of other major benefits of affiliate marketing which you will find during your journey of a successful affiliate marketer. Now if you are thinking about becoming an affiliate marketer you would be wondering that, can you make money with blogging and affiliate marketing? let’s find out!
Can You Make Money With Affiliate Marketing?
The fun part about affiliate marketing is that you just need to promote the right product in front of the right audience who are really interested in that niche. It may sound easy but you will have to make the right decisions for being a successful affiliate marketer.
Don’t worry if you are new to this business because you will start understanding everything as you spend more time learning the basics. But can you actually make money with the help of affiliate marketing?
Yes, you can make a passive 6 figures income easily with affiliate marketing when done properly! If you don’t believe how much potential affiliate marketing has then you can Google about the people who are successful affiliate marketers and see what is their monthly income.
Types Of Affiliate Marketing
There are various types of affiliate marketing according to different products and services you will promote. For example, if you are promoting a physical product then it will require a different method compared to a virtual product like selling a course. There are different types of affiliate marketing models made for specific purposes. Let’s have a look at them.
- PPC (pay per click)
- PPP (pay per performance)
- PPS (pay per sale)
- PPL (pay per lead)
- Recurring Payment Model
- 1-Tier, 2-Tier, and Multi-Tier Affiliate Marketing
All of these types have their own list of advantages and disadvantages. When you start learning more about starting an affiliate business you will have to choose which type of affiliate marketing model you prefer according to your requirements and characteristics.
Now you have the basic idea of how actually affiliate marketing works and how it is useful for everyone. But where you can start your journey as a successful affiliate marketer in 2020? There are lots of affiliate networks with different products and services to promote. But you will have to choose the one which suits you best and beginner-friendly at the same time.
- ClickBank (one of the most popular affiliate network in the world)
- MaxBounty (another popular affiliate network)
- Amazon Associates
- And many others
From the above list, you can choose any network according to your requirements and start promoting the products you like. You will find virtual products more compared to physical products. Because most of the affiliate networks in the above list are based on virtual products like software, service, consulting, etc. I would suggest you go with either Clickbank or amazon associates because of their newbie-friendly structure and easy payout system. Shareasale is also one of the most famous affiliate networks and they have many products to promote.
In the world of affiliate marketing, you will have to be patient and keep working consistently for becoming a successful affiliate marketer. However, it’s not difficult to make passive income with the help of affiliate marketing if done correctly.
If you found any useful information in this article then share it with others to help them make money with blogging too. And don’t forget to mention any doubts or queries you have in the comments section below.