What is Affiliate Marketing?
Affiliate marketing is a new push towards less traditional marketing tactics sales and generates significant online revenue. Affiliate marketing beneficial to both brands and affiliate marketers. In short words, Affiliate marketing involves referring a product or service by sharing it on a blog, social media platforms, or website.
The publisher ( affiliate) earns a commission when someone purchases through the unique link associated with their account recommendation. Affiliate Marketing is a performance-based opportunity that can become an essential part of your business by netting you a healthy income. According to Statista, by 2022, the affiliate marketing business will hit $8.2 billion in the U.S by 2022.
How does affiliate marketing work?
The merchant gives each affiliate a unique link so they can track who was responsible for a sale. When someone clicks that link, a small file called a cookie gets stored on their device, and that link helps the merchant attribute the sale back to the right person and put a check on the expiration date, so you get paid even if the buyer delays their purchase.
How much money can I make as an affiliate marketer?
It is a Big and foremost question for everyone in the world. The straightforward answer is that there is no limit; all depend on your hard work and amount of work you put in. we know many successful affiliate marketers make six or seven figures a month. For example, In December 2017, Pat Flynn from Smart Passive Income made over $100,000 in affiliate commissions.
How to get started with affiliate marketing?
Follow these simple steps.
- Decide on a platform ( Website, Blog, Instagram, Facebook )
- Find and join an affiliate program
- Obtain a unique affiliate link for each offer
- Drive traffic to your affiliate site, blog, or social media platforms
- Get clicks on your affiliate links
- Convert clicks to sales
