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What is Affiliate Marketing?


Affiliate means is to connect with people or any organization. Affiliate marketing means to sell their products and services to earn commission on sale or promotion of their product. It can be done online also. You find a product you like, promote it and earn money. It is the way to earn passive income( money earned even we are sleeping).

Commonly used terms in Affiliate Marketing are:

1. Affiliates.

Affiliates are the persons who promote products and services of a company and earn commissions.

2.Affiliate program.

A program run by an organization to promote it's products or services. A commission is offered to the affliates who target the customers to buy it's product.

3. Affiliate Link

It is a link which a company offers to the affliates to promote it's products and services.

4. Affiliate ID

Affiliate ID is same as Affiliate Link. Some companies offer Affiliate ID in place of Affiliate Link. Affiliate IDs are also used to promote products or services.

5. Payment Mode

It is a mode used by the companies to give payments to their affiliates marketers. Check, Wire Transfer, PayPal, and more payments modes are used by the companies to give payment to their Affiliates.

6. 2-Tier Affiliate Marketing

It is a kind of Multi-Level-Marketing (MLM). It allows us to recommend others to join Affiliate marketing, and if the person recommended by you joins it, then you get a commission form the sale that is made through a recommended link.



Parts of affiliate marketing:

Merchant

The merchant in Affiliate Marketing provides products and offer a commission to the affiliates based on certain goals of selling or promoting the merchant's products or services.

Affiliate

Affiliate promote the products using their own strategies and advertising audience and earn commission.

Customer

Customer is the most important part. It is person who uses the products and services according to his requirement. Affiliate marketers sell their products to the customer. If their is no customer there is no existance of Affiliate Marketing.



How to start affiliate marketing.

1. Choose a Niche( interest or function)

The first step before choosing a niche is to analyze but you are going to target. The growth of an Affliate marketer totally depends upon the niche.

Before choosing your niche you should analyze the following:

  • Do people take an interest in the niche which we select?
  • Is there a lot of competition for my niche?
  • In which field, we have advanced knowledge?
  • Will the demand for our niche stay consistent or not?

2. Create your website.

Website helps us to publish the products and services that we are offering to our customers.

Follow these things:

  • Buy a domain
  • Purchase and set up hosting
  • Install a blogging platform
  • Install attractive and meaningful theme
  • Create content

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