What is affiliate marketing?
The process of promoting and selling another company's product or service in exchange for commission is called affiliate marketing. While this may seem like an easy thing to do, the process is complex enough. Suppose Affiliate Marketing is selling a product or service of a company or organization, and taking a commission at the rate of% of the sale price against each sale. This means that if you sell a product or service of a company or organization, he will pay a commission of 2% to 70% on the sale of the company. For example, Amazon affiliate marketing whose popularity is always skyrocketing.
Suppose you have an affiliate account from amazon.com and from there you sold a motorcycle. If the price of the motorcycle is 200000 / - rupees, and if you get 5% commission then your income will be 200000 * 5% = 10000 / - rupees.
Simply put, affiliate marketing is about earning a commission by selling other people's products or services.
How Affiliate Marketing Works
We got a simple idea about what affiliate marketing is. Now let us know how this affiliate marketing works.
In the case of affiliate marketing, a seller or manufacturer of a product first creates an affiliate program. He then provides a unique link to the affiliate marketer for the purpose of promoting his product. Using this unique link, it is easy to count the number of cells from each affiliate marketer.
When a buyer purchases a product using affiliate links, the data is stored in the browser via cookies. This cookie informs the seller about the affiliate cell. According to the data from the cookie, the commission received from the affiliate marketer means the seller / producer to the affiliate marketer.
Let's take a look at the main aspects of this strategy called affiliate marketing. There are three or four main aspects to affiliate marketing. Those are:
Affiliate: The person promoting the product (meaning informing people about the product for commission purposes)
Seller: The person who is making or selling the product
Network: The network that controls affiliate relationship information
Consumer: Those who buy the product
Let's take a look at these four major aspects of affiliate marketing.
Affiliate Marketer
An affiliate or publisher is a person who promotes a seller's product for commission purposes. An affiliate promotes a seller's product through social media posts, blogs, videos and a variety of content.
Cellar
Cellar is basically the host of the affiliate program. He / she may be just one person from more than one person at a time. This seller conducts affiliate activities mainly for the purpose of product promotion made by himself or his own organization.
Affiliate Marketing Network
Although network is not an essential component of affiliate marketing, it does play an important role in affiliate marketing. Sellers basically manage their affiliate programs using different affiliate networks. It is the job of the Dewai Network to establish a relationship between the seller and the affiliate. Clickbank, Share-a-Cell, etc. are some of the popular affiliate networks.
Consumer
Those who purchase products using affiliate links are consumers. An affiliate is basically getting a part of the profit of a consumer's purchased product as commission.
How to started with affiliate marketing?
Here are three steps you can take to begin the process of preparation for affiliate marketing. Those are:
Select product or service category
Creating platforms and content
Generate traffic
You can start with other different ways. But I'm sharing that it feels good to follow these three steps.
Select product or service category
If you want to earn money by affiliate marketing, first you have to select the product or service category. First of all, select the type of product you want to work with.
Nowadays people buy more services online than physical products. Physical products are those things that have a physical existence. And digital services are those that have no physical existence, that is, cannot be caught or touched.
People are leaning more towards digital products as there is no delivery problem. So try to work with digital services.
Creating platforms and content
The second step to earning money through affiliate marketing is to create a popular platform and post there regularly about your product or service category. If you have a website, you need to post about the pros and cons of the product and why anyone would buy the product.
You can also write these on Facebook pages and groups. You can also review the product on a YouTube channel and attach your affiliate link to the description.
Generate traffic
A while ago we talked about generating traffic above. You can earn money by doing affiliate marketing by generating traffic by following the above procedure.
