What is Affiliate Marketing?
Affiliate Marketing is the process of earning a commission by promoting or advertising a company’s product and service provided the product or service should be sold. In Affiliate Marketing we can promote multiple company products and services at the same time and earn commissions.
What are the Key Roles in Affiliate Marketing?
- The Affiliate – the person who promotes or advertises the product for earning a commission is an Affiliate.
- The Merchant – the Brand or a Company whose products or services are promoted is the Merchant.
- The Affiliate Network – the network that connects the affiliate and the merchant is the Affiliate Network.
How does Affiliate Marketing Work?
The merchant who sells the products and services provides a unique link for tracking every product and service that are listed on the affiliate’s website. So when someone clicks on the link a file called a cookie is stored on their device. This way the merchant can attribute the sale to the right affiliate when someone buys a product from the unique link provided by the affiliate.
Besides tracking, if the customer delays a purchase after clicking on the link, the tracking information is saved (usually has an expiry time) that helps the merchant to pay back the affiliate.
Is there a limit to earn? Absolutely no! The sky is the limit in Affiliate Marketing. The more you are able to promote and attributing to the sale the more you earn!!
How to Start Affiliate Marketing?
- Choose a Platform – The first step would be to choose a platform, the brand for which you want to promote. To know which brands are open for affiliate programs visit cj.com.
- Select a Product Category – Select a product category like books, electronics, clothing, skincare, etc.
- Create Content – Create content for the product category you have selected and build your content with proper research and studies.
- Get Affiliate Links – Get affiliate links for the products selected and start promoting them. Drive traffic to your website so that more audiences can reach and buy the product.
- An example of an affiliate marketing website promoting coffee machines Best Nespresso Machine: 2021 Reviews and Comparisons (homegrounds.co)