One who has been into the Online world is familiar with affiliate marketing, and also with the fact that it is the most beneficial way to earn money. It is the eldest way of online marketing.
For them who not in the know what is Affiliate Marketing, I will share the basics of affiliate marketing and all the details you need to know to understand how affiliate marketing works.
What is Affiliate Marketing
Affiliate Marketing is a way to make money online for those who want to derive an income from their web use. In Affiliate Marketing, a Marketer or Blogger promotes specific products or websites and gets a cut of the profits or commissions in exchange for the traffic she generates for the leading site.
How Does Affiliate Marketing Work?
Affiliate marketing allows one site to recommend products and services from other companies and be paid a commission if someone buys the product as the result of your recommendation. A unique link has given to every Website holder or Blogger that contains a unique referral code assigned only for one, which tracks the record of who is sending the traffic and making the sales.
If a random buyer visits your site and clicks that unique link, they will be redirected to the merchant’s website and buy the product or service within a specified timeframe (the timeframe varies depending on the merchant), you get a commission on the sale.
- Â Online shopper land on an affiliate site
- Click on the unique link to visit Merchant’s websites
- Â When shopper buy something from that site, a cookie dropped on your computer
- As the shopper checkout from the site Merchant, looking for the affiliate cookie and found the cookie belongs Affiliate.
- At the end of each payment period, Merchant sends affiliate payment for all the sales referred.
How to get a unique tracking link
Well, many online companies, web-hosting spaces, or other services, usually offer an affiliate program. You just have to sing up for the program, and you will get your unique tracking link. Now, whenever you are writing about their product, you can simply use this unique tracking affiliate link to recommend the companyâ€™s site. If the shopper buys something via your website, you will get a commission.
Every affiliate program has a set TOS. For example, many of them offer a 60-day cookie period, which means that if a visitor uses your unique affiliate link to land on the sales page of the site and buys something within the next 60 days, you will be entitled to the saleâ€™s commission.
How do you find affiliate programs to promote?
You can check the companyâ€™s website for Affiliate information or do a simple Google search. For example, one could place the following phrase into Google Search with the (product name) and affiliate program.
Here are some of the standard terms associated with affiliate marketing:
Affiliates: Publishers like you and me who are using affiliate program links to promote and make sales.
Affiliate marketplace: There are many marketplaces like Shareasale, CJ, and Clickbank. These work as central databases for affiliate programs in different niches.
Affiliate Software: Software used by companies to create an affiliate program for their product.
Affiliate link: Special tracking link offered by your affiliate program to track the progress of your affiliate promotion.
Affiliate ID: Similar to the affiliate link, but many affiliate programs offer a unique ID that you can add to any page of the product site.
Payment mode: Different affiliate programs offer different methods of payment.
Example: Check, Wire transfer, PayPal, and others.
Affiliate Manager/OPM: Many companies have dedicated affiliate managers to help publishers earn more by giving them optimization tips.
Commission percentage/amount: The amount or percentage you will be receiving in affiliate income from every sale.
2-Tier affiliate marketing: This is an excellent way of making money from an affiliate program. With this method, you recommend that others join affiliate programs, and you receive a commission when a sub-affiliate makes a sale (similar to MLM or multi-level-marketing). This income is also known as a sub-affiliate commission.
Landing pages: A unique product sales or demo page used to increase sales. Most of the programs that you will be promoting have many landing pages, and you can run A/B testing to see which pages convert best for you.
Custom affiliate income/account: Unlike a generic affiliate account, many companies offer custom affiliate income to people making the most affiliate sales for them.
Link cloaking: Most of the affiliate tracking links are ugly. Using a link clocking technique like URL shorteners, Thirsty Affiliates, etc., you can turn ugly links into links that can be read and understood by your readers.
Custom coupons: Many programs allow affiliates to create custom coupons, which are also used to track sales. Custom discount coupons help you to increase affiliate sales as well.
Is Affiliate Marketing Illegal?
No, it is neither harmful nor illegal, as you will merely be using the particular link provided to you rather than a direct link to link to any site.
Now you know about Affiliate Marketing, so go for it and make money Online.