Affiliate marketing is a type of referral marketing where the affiliate is paid a commission for recommending a product or service to a customer.
Thousands of companies all over the world are adopting affiliate marketing as a fantastic way to increase revenue through creating “brand ambassadors” also known as affiliate marketers.
Affiliate marketing is great because it works for both the affiliate and the merchant. Neither party has anything to lose because affiliate marketing normally operates on a pay-per-sale model. This means that the affiliate only gets paid a commission when they actually make a sale, so the merchant never loses out.
How Do People Start Affiliate Marketing?
An aspiring affiliate will usually start off by researching information on affiliate marketing. They will then learn that they need to pick an affiliate program within a niche (preferably one that they have a vested interest in). Once they pick their niche and affiliate program they can then start promoting affiliate offers through various mediums.
What Are Best Types Of Affiliate Programs?
The top percentage earners in the affiliate world make their bucks by promoting top affiliate programs. These affiliate programs provide the opportunity for affiliates to earn significantly larger commissions per sale. They can offer this because the products on sale to consumers are priced higher. For example, it could be a high-end watch that costs forty grand. In this case it would be normal for an affiliate to earn commissions upwards of four thousands dollars per sale.
Here are some useful websites where you can find some of the best affiliate programs out there:
Bengu Marketing – (Online business training platform that doubles up as an affiliate program with very high commissions).
Clickbank – One of the biggest affiliate program marketplaces for digital products.
Shareasale – Thousands of affiliate programs available here for you to promote.
Why Is It The New Age Business Model?
Affiliate marketing is the business model of the new age for one reason. Accessibility. It’s just so easy to get started with your own affiliate marketing business that it makes perfect sense to jump straight in. It doesn’t require a lot of the things that traditional businesses require before you can get started.
Some of these things include:
- No requirement for physical space, can be run from your laptop with an internet connection.
- No huge startup investment required. Can be started of literally a few dollars with certain programs.
- No geographical ties – as mentioned above, can be run with a laptop and internet connection.
- No requirement to create your own product – leverage the amazing products and services already out there.
These four factors are the main reason why affiliate marketing is so attractive as a business model in 2017. It can be started by anyone with basic computer skills. You don’t need to be a tech head or some sort of genius to do this. All it takes is a willingness to learn and the right mindset. Before you know it you could be well on your way to achieving financial freedom through affiliate marketing alone.