What is Affiliate Marketing? How to earn money by starting it.

 

What is Affiliate Marketing ( What is an Affiliate Marketing):

Although in the eyes of a layman, affiliate marketing can be a great way to earn money online. But talking about its definition, we will find that when a product or service of another company is promoted online by a person through its affiliate link. So this work done by him is called Affiliate Marketing.

In this process, the person promoting that person earns when he is successful in selling a unit of the product or service. That is to say, when a unit of the product or service is successfully sold by the marketer through its affiliate link, only then he gets its remuneration in the form of commission.

Benefits of Affiliate Marketing ( Some Major Benefits of Affiliate Marketing):  

Talking about the benefits of Affiliate Marketing, it is important to make it clear here first that we are giving a list of all those major benefits here. Which can be not only to the affiliate marketer but also to the company which is selling its product or service through this system.

• The merchant or company gets unlimited scope to sell its products or services through affiliate marketing. This results in an increase in the number of people recognizing the entrepreneur's product. And later from these people people become customers by buying the product or service.
• The company or merchant has the possibility of getting a lot of customers in a very short time. This saves the trader a lot of time which he can devote to other work.
• As far as affiliate marketers are concerned, they have the advantage that no company can manipulate the sales done through affiliate links. Because everything is automated by machines. Therefore these figures are quite reliable.
• By adopting the method of Affiliate Marketing, any blogger or website owner can easily put different size banners for his affiliate link in his website. Because all these things are already prepared by the merchant. That's why the person doing affiliate marketing needs to copy paste only.
• The biggest advantage of Affiliate Marketing is that it does not require a lot of investment i.e. money to start it. Website and blog owners can easily start it without investing any money.
• The marketing person only needs to promote his affiliate link, rest of the responsibility for the product store, delivery, logistics, customer support, bills, etc. is all the responsibility of the company or merchant.
• Who does not like freedom in work and few people like to work under the boss. The work of Affiliate Marketing is also similar, in which the entrepreneur is not compelled to work under anyone. Rather, it has the freedom to make a complete decision on the basis of its discretion. Which means that in this work the entrepreneur himself is the boss himself.
• In Affiliate Marketing, it is not necessary that the entrepreneur should spend the whole day in this work, but if the entrepreneur wants, he can also do such work as a part time business. For which only 3-4 hours a day will be enough.                                

Affiliate marketing component ( Components Of Affiliate Marketing)

By the way, Affiliate Marketing is generally called the link between publisher, consumer and advertiser because it establishes a relationship between three components. Therefore, it becomes very important for the person who wants to earn by starting this kind of work that he should be aware about its components. But before that we want to make it clear that apart from the three components we have mentioned above, another component network also plays an important role in this system. So below we will now try to know about these four components in brief.

1. Merchant or Advertiser:

This category includes those people or companies who develop their own affiliate program to sell their own product or service and ask people to promote it. That is, the company that creates its own affiliate program and asks people to sell their products or services by luring them with their earnings. In this category you can put hosting company like Flipkart, Amazon, HostGator, Bluehost etc.

2. Publisher or Affiliate Marketer

In Affiliate Marketing system, the work of this category of people or company is to sell the products or services of the merchant or advertiser online. They do their best to sell those products or services because they get a pre-determined commission on each sale.

Keep in mind that such an affiliate program is created by the merchant or advertiser that whenever an affiliate marketer signs up and registers in it, each person is issued a separate affiliate link by the system. And this is the link due to which the merchant or system gets to know who has sold which product and how much.

3. Consumer or Customer

Consumer or customer is a major component of every type of business, so this system of Affiliate Marketing also seems to revolve around the customer. That is because if the affiliate marketer fails to sell the goods to the customers, then he does not get any kind of commission as remuneration. This is the reason that many ways are adopted by the marketer to attract the customers and increase their sales. Many marketers even run paid ads in Facebook and Google to reach people who want to buy that kind of product.

4. Affiliate Network

To sell your product or service through Affiliate Marketing, it is not necessary that every merchant or advertiser should take the help of Affiliate Network Network. There are also some companies that provide the facility to register their own affiliate program through their own website.

Therefore, they also do complete monitoring themselves, some companies also connect the marketer with them through affiliate network. And since it provides an intermediary between the marketer and the merchant, it has also been included as a component of affiliate marketing. Some of the main affiliate networks currently present are Click Bank, Commission Junction, etc.  

How does affiliate marketing system work  

There are many such people who are willing to do this kind of work but somewhere in their mind but but still it goes on. And from this but but a question also arises in their mind that how does the merchant or advertiser know which marketer has sold which products and how much. And when and how will they get their money. That is, those people want to know the working method of Affiliate Marketing, how it works.

So next we would like to make it clear that there are thousands of such merchants in the world who sell not one but many products. This is the reason why they have developed affiliate marketing system to increase the online sales of their products. It is developed in such a way that individual affiliate links are automatically issued to each registering person.

Now the affiliate marketer has to promote this link through his website, blog, social media, advertisement etc. so that when any customer clicks on that link, his affiliate link is open. Whenever any product or service is purchased by a person through that link, the entrepreneur gets to know about it through his email and his affiliate account and whatever commission he gets on it comes in his account.

After that the entrepreneur can easily transfer it to his bank account. If the entrepreneur wants, according to his skill and efficiency, he can choose any number of products to affiliate. For example, if there is a tech blogger, then he can do affiliate marketing of web hosting, plugin, software etc. 

Affiliate Marketing start how ( How To Start Affiliate Marketing)

By the way, if you are already reading this article with great attention and concentration, then we think by now you must have come to know that it is very important for a person to have his own blog or a website to start affiliate marketing. Because when a person is registering for Affiliate Marketing, then it is absolutely necessary to give a link to his website or blog.

Although many people think that they can also earn by selling products and services by sharing their affiliate link in social media. But by giving a link to social media, the person is rarely allowed to affiliate. Therefore, the entrepreneur should create his own blog or website and at least till it starts coming to about five hundred visitors per day. Till then do not register for affiliate through any platform.

That is because the merchant or affiliate network approves or rejects the affiliate application only after thoroughly reviewing the website given by the entrepreneur. And while choosing products for doing affiliate marketing, pay special attention to the matter that is the topic of your blog, you should choose the products accordingly, like if you run a health blog, then you can affiliate products like minerals, vitamins etc. can be sold through

As far as creating a blog or website is concerned, an interested person can easily create it through a web developer by spending 7-10 thousand rupees. Apart from this, WordPress can also start a blog for free through Blogger, but for this a person should be aware of it. And if you are already a tech blogger then you can affiliate for products like software, web hosting, domain etc.

If the product does not suit the subject, then it is a loss. The first disadvantage is that when your regular readers see off topic affiliate links on your blog, they will lose their trust in you. Due to which the visitors of your blog may decrease. The second disadvantage is that your product will not sell because the visitors to your blog for that product are not the target customers. Therefore, keep in mind that in Affiliate Marketing, the product or service should be compatible with the topic of the blog.