Hello friends, in this article, I am going to discuss Affiliate Marketing. Affiliate Marketing is the best online earning method. Experienced affiliate marketers earn thousands of dollars daily. Let us understand this concept in a simple way.
Affiliate Marketing Meaning
In Affiliate Marketing, we promote the product of a company through our blog/website and the company pays commission to us for this.
There are many companies that use affiliate marketing to sell their products or services. If you have a blog or website on which you have a good number of visitors, you can earn a good income by this. The companies provide you a link or banner for the products or services to promote. And you have to place that link or banner at the places on your blog where most of the visitors on your blog/website may see it and click on it. When someone clicks on that link or banner, he lands at the company’s website. If the visitor purchases any product or service from there, he receives a commission for that. The commission is a predetermined percentage of the sales value.
Common Terms Related to Affiliate Marketing
- Affiliate
Affiliates are the general people like you and me who earn money by promoting the products of affiliate marketing companies using affiliate programs.
- Affiliate Program
Many online companies like Amazon, Flipkart, Cj, Clickbank, etc. offer the best affiliate programs for the promotion of their products/services.
- Affiliate Link
An affiliate link is actually a tracking link provided to an Affiliate when he joins an affiliate program. By using this link, a company determines through whose link a particular unit of product/service has been sold so that the commission can be awarded to the deserved Affiliate.
- Affiliate ID
Some companies provide Affiliate ID in place of the Affiliate link. It is just like an Affiliate link which an affiliate use for the promotion of a product or service.
- Payment Mode
The method through which Affiliate companies pay commission to their Affiliates is called Payment Mode. Generally, companies pay through Cheque, wire transfer, Paypal, etc.
- Commission Percentage
The percentage of the sale value paid to an affiliate by a company on each sale made by him through his promotion is called Commission Percentage. Different companies pay different commission percentages on different products and services.
Some Recommended Affiliate Programmes
- Amazon
Amazon is an e-commerce site. You can use this site for shopping purposes. You can purchase all kinds of products from this site. Amazon also provides an affiliate program. One can earn up to 15% commission from affiliate products on this site
- Flipkart
Flipkart is also a shopping site just like Amazon where you can purchase all kinds of products. You can earn 5-15% of commission if you promote affiliate products of Flipkart.
- Clickbank and Commission Junction
Clickbank.com and Commission Junction(cj.com) are popular websites that provide affiliate programs for digital products.
I hope this simple article has made the basic idea clear about Affiliate Marketing. Further, you can also read our guide on How to Get Started With Affiliate Marketing if you have made up your mind to start this profitable business. In case, you have any doubts or questions, you can put that in the comment box.