There are more than 10 types of online business. Why did I choose to go with affiliate marketing? I am going to share with you about affiliate marketing, one of the many types of online business. I am going to enlighten you with the What, Why and the How of affiliate marketing. If you have not decided on what type of online business to focus on, this information may help enlighten you and hopefully convince you that you should try out affiliate marketing.
What Is Affiliate Marketing
Affiliate marketing is a form of marketing where when you refer someone to another company’s website, who is a seller of online products, and when that someone makes a purchase of the product, you will earn a commission. The commission may vary from 4% to 50%, depending on the product you promote.
Below I put up a process flow of affiliate marketing in pictorial form. Hopefully it would help to illustrate affiliate marketing process more clearly for you.
Why Affiliate Marketing
There are various types of online business, but many people, including me choose to focus on affiliate marketing. What is so magic about this brand of marketing that it attracts a hundred of thousands of bloggers, internet users and online marketers to join as affiliates. Could it be the advertising campaign of the internet marketers who promised us an online business that can make us earn money overnight without doing any selling, storage, handling and payment processing. Yes, affiliate marketing is a brand of marketing where we are NOT required to store, handle, sell or deal with payment process in order to make money. However, be caution that this is not a get-rich-quick type of business.
So to understand why many people get involved in affiliate marketing, we have to look at its advantages.
- As an affiliate, you build a website and generate an advertising space (either paid or free) to promote the merchant’s product. Any visitor who clicks on the product link, will be directed to merchant’s website. You will be paid if he buys something. You are not around physically to make the sales, thus creating a PASSIVE INCOME.
- An affiliate promotes the merchant’s product globally, this give wider exposal to the product potential.
- As affiliate, you don’t have to be involved in storing, handling, shipping and payment processing.
- Start-up cost for this brand of business is low. You need to spend for cost for registered domain name, advertising and promotions.
- Freedom to work anywhere in the world, as long as you have a computer and an internet.
Is Affiliate Marketing For You
You need to remember that this is not a get-rich-quick business. You are expected to put in some effort, especially to build your website. Your website is your store front. To be successful, you need to have a decent looking website with some relevant contents. Why? Because you need to draw visitors to your website, who will then clicks on your link to the merchant website.
There are some affiliate marketers who just set up a few websites and then do nothing, waiting for money to come. No, this business is not like this. Apart from having nice website with good content, you have to work to draw visitors to your website.
Should you decide to try out this, make sure to join the right affiliate program. Be wary that, for the first few months, you have to put in some effort. In the early stages, you will not earn very much. You will start to wonder if all the hard work was worth it. But if you manage to get some sales and stay committed with your hard work, your commissions should start growing.
You must also be aware that even you managed to draw a lot of traffic(visitors) to your website, You might not be able to convert them into buyers. That’s why it is important that you choose the right niche to promote and join as an affiliate to the right merchant. Further If you join the right affiliate marketing network, you will be guided to pick an appropriate niche. Yes, there will be some learning curve, learning to do things that you have not done before. Learn how to build website. Learn how to choose the niche to promote. Learn the right keywords to use in your website content.
By focusing on affiliate marketing, you will eventually learn the trade over the years. You can’t expect to be the best when you first start, it’ll take a lot of hard work and dedication. By putting the time and effort into your programs, i am sure you’ll be well on your way to making it in the very profitable and exciting world of affiliate marketing.
In a way, this knowledge will be useful for you even if you were to migrate to other online business, besides affiliate marketing.
The Road To Success
You will be wondering, after reading all about the good thing and earning a lot of money overnight after putting up your website. You have now come to reality that it is not as simple as what those marvelous advertisement has gained into you.
However, with e-commerce booming, and internet dominating the business world, becoming an affiliate marketer is a very wise choice. But to be successful, you need to put in a lot of hard works, at least in the initial stage. So you need to be aware of the sacrifices you need to make to accomplish your goals, to be one of the top affiliate marketer.
Your success also come from being a member of a reputable affiliate marketing program network. So before joining any affiliate marketing program, you will need to do some research on that company. You would want to join the company that had run affiliate marketing program for a certain number of years.
Believe me, not only joining the right company, you also want to know their support to newbies like you. Whether the community within the program are supportive and able to hold your hand to move forward in your endeavor. The support from the program owner is one of the key to you becoming a successful affiliate marketer.
Many individuals think that they can earn a lot of money with affiliate marketing without investing any money. Yes, some programs are free to join, however, you will need to spend some money some point in time in your affiliate marketing career. Most of this money will be used to spend on advertising and promotion of your website. However, the amount of money spent will be earned back in a very short time. Affiliate marketing may be overwhelming to you at first, but you have an online support to help you through any challenges. Lots of individual who join affiliate marketing program are new to the business. So round the clock support by the program owner and its community to give you advice and support is vital to your success.
To succeed or not in the affiliate marketing, depends very much on you. How much effort can you put in and do you have the stamina to stay put when things did not turn out the way you expected.
Joining the right affiliate marketing program will certainly make your goals achievable.
Lastly if you are very interested to be an affiliate marketer, join the company that I join by clicking the link below:
Do You Want To Be An Affiliate Marketer!
If you have any comments or questions on affiliate marketing, please pen it in the comment section and I will get back to you as soon as it is possible.