Affiliate marketing for beginners.Make 1000$ per month from affiliate marketing.

 What is Affiliate Marketing?

      Affiliate marketing is an online business model and advertising method where a third-party publisher (the affiliate) partners with a company and gets paid by generating traffic to said companies’ services or products.

This model can become a profitable stream of revenue for someone who takes part in it. As a result, it’s a growing space, and that’s a trend that’s projected to persist. Statista reports that US affiliate marketing spending is due to reach $8.2 billion by 2022, up from the $5.4 billion recorded in 2017.

As an affiliate, you’ll receive a commission for every sale made through your recommendation. Each referral that converts means money in the pocket for you as the affiliate marketer. According to ROI Collective, “Affiliates are usually paid per an action (CPA) or per lead (CPL) per their agreement with the company.” However, some affiliate programs will also reward the publisher for leads such as website clicks, downloads of an app or free-trial signups.

For example, an advertiser could set up a collaboration with an affiliate who owns a blog. The blog owners will then review specific products and provide trackable referral links that take consumers to particular promotions and products. Commission rates vary based on the company and what they offer. On the lower end of the scale, you’ll see 5% of the sale, and others will offer as much as 50%. Other affiliate programs will provide a flat rate over a percentage.

Thus, affiliate marketing is an excellent way to monetize views and engagement from existing followers on your website, blog, YouTube channel, app, podcast or other social media platforms.

Business2community offers this breakdown of the three types of affiliate marketing: 

1.   Pay-per-sale: In this program, the merchant pays an affiliate when the affiliate sends a customer who makes a purchase. Some merchants pay the affiliate a fixed rate per sale, while others, like Amazon, pay a percentage of the sale. 
2.   Pay-per-click: In this arrangement, the affiliate is paid based on how many visitors arrive at the merchant‘s site via the affiliate link. Regardless of whether visitors make a purchase, the affiliate gets paid.  
3.   Pay-per-lead: This type of program pays affiliates based on the number of visitors to the merchant‘s site who sign up as leads or fill out the requested information on the website. 

    According to Shopify, affiliate programs are usually free to join, so there are no high startup costs. “Done well, this performance-based opportunity can go from  side hustle  to profitable  online business idea  by netting you a healthy income.”

For affiliates, taking part in an associate marketing program allows them to become involved in e–commerce without establishing or maintaining their own store. It also provides the opportunity to monetize a website, blog or social media and earn a commission.

For advertisers, affiliate programs have proven to be an effective way to target high-quality leads with an improved likelihood of converting into paying customers.

How to become an affiliate marketer

Choose a niche

When starting as an affiliate, the first step is choosing a niche. By conducting thorough research before picking an area of focus, you ensure you’re selecting the right one for you. It should be something you have experience with and are passionate about. As an affiliate, authenticity is your greatest asset. You must come across as having authority in the space and be someone people trust when it comes to the resources and products you recommend. If you want your audience to take you seriously, you also need to set the bar high for what type of businesses you’ll work with and promote.

An example of someone with authority within the health and wellness niche is Katie Wells, also known as Wellness Mama. Katie runs a blog, an e-commerce store, a podcast, sends weekly newsletters and is active on all major social platforms. Her audience views her as a credible source for all things health as she’s built up a platform within this field over several years. Additionally, in her weekly email newsletters, there are usually several affiliate links included.