Many are confused about what affiliate marketing is about. People who don’t have an idea of how affiliate marketing works thought this is easy money or instant money. Like any other job or businesses, affiliate marketing needs effort. So, are the rewards worth the efforts? Let’s find out.
What Is Affiliate Marketing?
The affiliate marketing model is based on revenue sharing meaning you are promoting someone else’s business or product. The more revenue they generate from your marketing efforts, the higher is your commission or reward.
The Three Parties Involved
Retailers, Vendor, or Seller – they could be solo entrepreneurs and or fortune 500 companies depending on your target and goals in affiliate marketing. They are the ones behind the affiliate marketing programs offering promo codes and a discount on their products. Before working with any one of them, it’s good to check the commission percentage whether their offering is competitive. Don’t worry, there are millions of businesses who offer affiliate marketing programs. You will never run out of options.
The Affiliate Marketer – This is your part in the game of money-making. Your role is to advertise by posting reviews on how to save money on electronics and or posting a banner on your blog. There are several ways how to do this. Some affiliate marketers are spending their efforts in creating more blogs, so they can have multiple avenues for advertisement.
The Consumer or Buyer – They are your target. The goal is for them to click the link provided on your online platform and successfully place the order. This is the reason why choosing which products or brand to work with is important. Because the more buyers are interested in the product, the higher the probability that they will buy.
For starters, affiliate marketing will require a tremendous amount of time as you need to build different avenues for advertisement. But for people who have blogs and or has great influence online, affiliate marketing will be a piece of cake. Think of affiliate marketing as a passive income. You will need to plant seeds, let them grow, and wait for them to grow in numbers exponentially. So yes, there is money in affiliate marketing for those who are willing to grind.