Affiliate Marketing is a type of marketing strategy in which people promote brands products in order to get small amount of commission.
If you wanna do Affiliate marketing for making money online, then it’s time to learn affiliate marketing.
Hey there, this is Dheeraj Patidar, presenting a new post on What is Affiliate Marketing and How to get Started it now?
In this post I’m gonna share you top secrets to be a successful Affiliate marketer.
Keep reading this article, because this article may change your life forever.
Now, before understand How to do affiliate marketing, lets understand What is Affiliate marketing exactly.
What is Affiliate Marketing?
Affiliate marketing is all about making purchases of other peoples’ products in order to get commission for each sale. It is a type of Digital Marketing.
We have probably seen lot of blogs who promote brands & services by taking promotion charges.
If you wanna become an affiliate marketer, let’s understand the whole cycle of affiliate marketing.
Affiliate marketing is not a simple task as you thing, It requires lot of effort in order to make purchases.
In order to join affiliate program you have to find the better option in the market. To find better option you have to go through following points:
- Find the list of affiliate programs or networks your are interested in.
- Look at the program overview like type of products, payment method, amount of commission they offer, etc.
- Compare all affiliate programs you have selected, and choose the better option.
- Apply for the affiliate program you have selected & wait for some days for approval.
- Once you get approval, start creating content, mention the links they have provided.
- Now on each successful purchase you’ll get commission.
- The affiliate network you have joined will sends you the payment when you reach the minimum earning threshold. The payment method may vary, usually includes PayPal, Bank Transfer, and Checks.
Components of Affiliate marketing system
Following are the 3 main components of a successful affiliate marketing system:
The Merchant
This party of Affiliate Marketing create the product. It can be a big company or the organisation which produces the products like HP, Samsung, Lenovo, Apple, etc are popular electronic product companies.
It sometime also known as the creator, the seller, the brand, the retailer, or the vendor.
The Merchant is responsible for creating, supplying, and managing the overall transformation of products.
The Affiliate Marketers
This party of the affiliate marketing involves from single individuals to entire companies, sometime also known as the publisher.
It’s heart of affiliate marketing, where the marketers try to attract more customers to complete the purchasing cycle.
In order to become an affiliate marketer you can join popular affiliate programs like Amazon Associates, Flipkart, vCommission, BigRock Affiliate, Yatra Affiliate, etc.
The Consumer
This is the final party of any affiliate marketing program. Without any sale their is no commission generates.
The purchasing of the product is done by the consumer, after the purchasing small amount of commission goes to Affiliate marketer’s account, and rest of whole payment goes to merchant’s account.
The consumer need not to pay a higher price to the affiliate marketer, as the cost of the affiliate marketer is already included in the retail price.
The Affiliate Network
Apart from all these 3 main component of Affiliate marketing, there is one more thing which is affiliate network.
These are basically platforms who conduct the affiliate marketing programs in order to get transaction fee or any type of commission while the purchasing is done
Some of the product companies launch their own affiliate network to get rid from paying extra marketing charges like Amazon, Flipkart,etc.
These companies sell their products on their own website where they also allow other companies to add products there in order to earn commission.
In the case of promoting products to consumers, like books, tools, toys and household items, the biggest affiliate network is Amazon.
How to Become an Affiliate Merchant?
Following are the steps you have to follow to become an Affiliate Merchant:
You need to have a product idea
The First step toward becoming Affiliate Merchant is to have a product idea.
For this you have to look at what products and services which are already in the market.
If you wanna create a product then analyse the market first and then take an step towards the formation of product.
It is also a good idea to enhance the quality of existing product so that you don’t need to make people aware about your product, because they already know about that product. Only people want more quality in minimum price as much possible.
If you have budget of taking people survey then you can do it via survey sites or advertisement.
I know it is not a simple task to analyse the market for an individual. For this your should have a budget.
Becoming a affiliate merchant is not free, you have to spent some capital to explore your product ideas across the people.
Create the product
After the selection of the idea that what product you should create. Now the time to create your product.
Original Credit: dheerajpatidar.com