Being independent financially, traveling around the world and having a passive income is the dream that many people have over the world. The Internet has made it possible for an unlimited number of people to communicate with each other freely and easily, in an unrestricted way.
The prospect of being able to tap into a worldwide market for your business is now a possibility that once was not possible at all.
In this article, we will talk about affiliate marketing, how it’s work, how people earn money in 2020.
Before we begin please look at these statistics from Statista.
Affiliate marketing has made businesses billions and made ordinary people millionaires, according to the source, the U.S. affiliate marketing spend is due to reach 8.2 billion U.S. dollars by 2022, up from 5.4 billion recorded in 2017
(Image source: Statista)
Affiliate marketing has proven with numbers that it is a viable, growing industry.
So, Let’s jump in.
What Is Affiliate Marketing?
Affiliate marketing is essentially the monetization of word of mouth marketing. It’s a person or an Affiliate marketer getting a commission exchange for. Referring a product or service to another customer.
Have you ever clicked through to purchase an item from a website such as a blog, news article, forum, discount code site, Youtube Video, or social media post?
This is affiliate marketing and refers to a sale being driven by referral from another source. Called a Publisher with the publisher rewarded a percentage of the sale in the form of a commission by the retailer called an Advertiser.
Nowadays, it has become possible to earn living online for some it can be a passive income once everything setup. Actually, starting an online work as an Affiliate marketer requires less risk than investing money into office or storefront.
Understanding Affiliate Marketing
So how has this journey tracked?
Affiliate network connects Advertisers then publishers track their journey using what’s called an affiliate link and rewards the publisher when a sale is made.
Affiliates redirect their website visitors who click on one of these affiliates links. If they purchase the product or service, Advertiser pay 💰the Commission to the Affiliate marketer.
Benefits of the affiliate marketing model?
For you, as an affiliate marketer is a money-making machine 💰, yes you can start making money while you sleep
Here 7 benefits of affiliate marketing as a source of income:
- It’s a lucrative and far-reaching industry
- It’s a low-cost business opportunity
- No expertise required
- It’s good as a supplementary source of income
- Independence. Flexibility. Convenience.
- No need to come up with your own marketing Kit
- The techniques and strategies you can choose from are limitless
(Writing by: Kevin Ocasio)
How to promote affiliate products?
Here is the best scenario to promote product as an Affiliate Marketer
Let’s say you joined an affiliate program and you want to promote a product.
Your job as an Affiliate is to find consumers, and (here’s the key) who are interested in the company’s product.
Then tell them about the product, explain the benefits of having this product and the consequences of not using the product.
Try to, show them the results of other people, who benefited from the product.
Then provide them with your affiliate link.
How much money can you make as an affiliate marketer?
Affiliate marketing can be a passive income and you should understand that it is not consistent.
You can make on an annual basis instead of monthly.
- Beginner affiliates can make anywhere from $10 a year to $5000.
- A decent affiliate can make from $10,000 to $400,000 a year.
- A super affiliate can make upwards of $1,500,000 a year.
Later this week I will update this article with new information.