If you're here reading this blog post that means that you've heard a lot about the term "Affiliate Marketing" and how you can make a passive income from it.
What Is Affiliate Marketing?
Now let's see who are the participants in the affiliate marketing model:
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Merchants (Advertisers/Brands)
Companies or individuals that sell a product or service. Industries include marketplaces, retail, e-commerce, direct-to-consumer, subscription services, financial services, travel, telecom, food, gaming, and more.
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Affiliates (Partners, Publishers)
Ambassadors of brands. They can be bloggers, social media influencers, personal website owners, product review websites, etc.
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Affiliate Programs
Also, called affiliate networks. Their role is to manipulate all tracking, reporting, and payment to affiliates.
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Customers
They are the audience that affiliates look to influence so they make a purchase, sign up for a newsletter, submit a lead form, or test out a service, etc.
How Does Affiliate Marketing Work?
This is why affiliate marketing can a good starting point for those newbies who want to have an idea of what it is like to have an online business. It allows them to work with their own schedule, using other people's efforts and resources, to gain profits while educating themselves in the process.
1. Fix your target market(niche).
The result? No buyer and no sales for you. Why would people buy something they do not require?
Do you think people will be interested in you offering them a blogging course when they are into fitness? Not many will be.
It is best to know your audience first to be able to offer them the right product or service.
2. The quality of the products or services.
It is always better to try the product first before recommending it to others. This will increase your credibility and sales.
3. Check the sales letter.
Always Put yourself in the customer's shoe. Will you be willing in buying the product or getting the service? If you answer positively to this question then many people will be too.
4. Check promotional methods and recources available.
Since the materials are already made for you, you can focus more on marketing.
5. Check the commission's percentage .
PS: This post contains affiliate links, which means I may receive a small commission, at no extra cost to you, when you make a purchase. Please, read my affiliate disclaimer for more details.