In our days Affiliate Marketing is one of the most popular ways to make money online, if not the most popular. Almost everyone who starts an online business wants to become an affiliate in one or more affiliate programs or creates his own affiliate program to generate a much higher sale for his products or services.
The Internet Has Revolutionized How We Make Money
The Internet has changed everything, from how we communicate and how we shop, to how we get from point A to point B. Unsurprisingly, it’s also changed how we make money.
Limitless by Matt Lloyd
Affiliate marketing is a multi-billion-dollar industry, the mainstream business model of the new economy.
I’m assuming that most of you who read this post know how affiliate marketing works. Basically, it’s when you’re promoting someone else’s website, business or product. Simply, you send traffic to that website and if someone buys a product then you get paid (usually a certain % as a commission).
Affiliate marketing is a great opportunity for every participant in the selling process:
You can get into affiliate marketing very quickly. It’s also very easy compared to other business models. Some people might disagree that it’s easy, but if you compare it to most business models it’s really easy.
Let me explain what I mean:
The good thing about affiliate marketing is that unlike in other traditional (brick and mortar) businesses, you don’t have to spend a lot of money for renting out a store or an office, for hiring staff, for building up an inventory and you don’t have to worry about the shipping of the products either. It’s all done by the merchant.
You just have to choose a product, for example at Amazon.com, at Clickbank, at Udemy, or any other merchant or distributor and start promoting it. The product can be physical or digital product.
With affiliate marketing you just have to send traffic. You have to place ads which promote someone else’s website.
Anyone can learn this business. Most of those who are successful affiliate marketers today didn’t have any internet marketing experience, they learned everything by themselves.
If you have an internet connection then you can start promoting different products. Today there are plenty of affiliate programs available in almost every niche and there are some who pay very good commissions if you get customers for them.
You copy your affiliate link and start promoting right away. For example, you create a Pay Per Click ad in Google AdWords or on Facebook. You can also send emails to a list that you buy (solo ads). This method is called cold traffic, because you are not involved personally, meaning that the person who will click your ad will have no idea who you are. He will get straight to the landing page of the offer. This is the easiest way to promote a product, but it’s not the most effective way.
For example, you have an email list and you’ve built up a good relationship with your list. Then you send out your affiliate link in an email to your list, so you are involved personally. If people on your list like you then they will listen to you. Another example if you add your affiliate link to your website. In these methods you give your name to the offer, so trust is very important here.
It’s important to mention that you can promote a product without knowing it. However, and it’s of course, personal preference, I wouldn’t really like to recommend something that I don’t know, that I haven’t tried or used myself.
When you as an affiliate promote a product you will have to use a unique referral link (provided by the merchant) which looks something like this:
This is the link you will have to insert into your website, ads, emails, etc.
In this case, 123 is your unique affiliate ID. All your sales will be tracked with this code. When a customer clicks on your link and lands on the merchant’s website, a cookie (a small text file) with your affiliate ID will be stored in the customer’s browser. So when the customer makes a purchase your ID will be used automatically even if the customer only buys a few days later (see cookie duration).
Cookie durations vary from merchant to merchant, it’s recommended to read your merchant’s terms before you apply to be an affiliate. The duration can be 30, 60 days or more.
This means, if the customer buys within 30 or 60 days, you will still receive the commission for it.
They do it like this because usually, people don’t make a purchase when they see the offer for the first time. They want to think about it, they want to read different reviews or maybe they’re just in a hurry and they want to get back later to it. Merchants know it and therefore they offer a period of time until the cookie stays in the customer’s browser.
There are some merchants who don’t provide this at all. Of course, the longer the cookie duration, the better.
Problems with cookies:
You cannot do anything about these, this is just part of the game and we have to accept that. But because of this, some merchants use additional IP and session tracking.
Most programs use CPS – Cost Per Sales – in other words, if you refer someone to your affiliate link and they buy the product then you’ll get a commission based on the sale, you’ll get a % of the sales price.
Only some programs use CPA – Cost Per Action – when you also get a commission if you get someone to fill out a form (asking for name, email, etc.). You actually generate a lead for the company.
Multi-tier programs – in these programs there are different levels. Let me show you this with an example. Let’s say I am an affiliate for X company and John is a customer, who buys a product using my affiliate link. Then John decides to become an affiliate for X company, too and starts making sales. Since I referred John, I get a % of all sales made by him. This is an incentive to recruit other affiliates (sub-affiliates).
Usually companies determine their commissions as a certain percentage of the sales price. In case of physical products this can be up to 10%.
Digital or information products have a much higher margin, because the producer/author of the product has actually a one time cost so it’s possible to offer higher commissions for the affiliates. It can be 30-50% or even more.
1. It all depends on YOU – you have time for what you make time for.
2. If you choose a business where most of the things are done for you, then you only have one task to do.
3. You can start and grow your own online business with only 1-3 hours per day.
In this step by step guide, I’m going to show you a super easy and effective method to schedule your social media content. And it won’t cost you a dime!
Want to know the best posting times for the various social media platforms? Find out peak hours for Facebook, Twitter, Pinterest, and others.
Forget ‘what ifs’ and focus on ‘WHAT NEXT’ instead. If you want to be successful get out there, do what you have to do, and don’t worry so much about the ‘what ifs’. Some will happen, some won’t, so what?