You may have often wondered how people earn using passive methods, ie, by referring people to buy products via various online platforms. This way of earning by gathering people to buy products manufactured or sold by a second person is termed as Affiliate Marketing. It is all about making money from referring people for a particular product, thereby increasing its sales and earning your commission. Are you a person interested in Affiliate Marketing? Are you good in advertising techniques? Can you convince people to buy a specific product? Then Affiliate Marketing is an answer you’ve been seeking for all this time!
Here in India too, you can shine as a good Affiliate Marketer. To be precise, geographical data has nothing to do with Affiliate Marketing if you know what, where, how and to whom to sell products. Let’s now see the basic concepts one must know before stepping into this beneficial world of Affiliate Marketing.
7 things you should learn about Affiliate Marketing
- Affiliate Marketing Merchant and Affiliate Marketer
- The very first terms you should familiarise with are these two- Affiliate Marketing Merchant and Affiliate Marketer. An Affiliate Marketing Merchant is a person who could be simply termed as a Seller who wants to sell his product with the help of a promoter/advertiser by providing an incentive using an Affiliative Program. An Affiliate Marketing Merchant is the one who pays an Affiliate Marketer.
- An Affiliate Marketer is a person who earns passive income/commission provided by an Affiliate Marketing Merchant for promoting/advertising his/her products via an affiliate program.
- The basic terms related to Affiliate Marketing
People who publish a product or advertised it using an affiliate program is termed as the Affiliates.
- Affiliate Market Place
An Affiliate Marketplace is any platform where Affiliate Marketing is done via Affiliating programs.
- Affiliation software
Software that facilitates Affiliate Marketing like iDev affiliate is called Affiliation Softwares.
- Affiliation Links
You’ll be provided a link by the Affiliation Program you’re associated with to track your progress. Such a link is called an Affiliation Link.
- Affiliate ID
Affiliate ID is a unique ID number provided to you via an Affiliation Program, which you can use anywhere in a product site for promotion purposes.
- Payment Mode
Payments are made in an Affiliation Program via various forms such as PayPal, Cash, Cheque, DD, Online Banking etc.
- Commission Percentage
A commission Percentage is an amount of earning you’ll receive from an Affiliate Marketing Merchant from an Affiliate program.
- 2 tired Affiliate Marketing
You can do 2 tired Affiliate Marketing by adding Sub Affiliates under yourself. ie, Adding more people to work for you and advertise your product. The commission you’ll earn in such a means is called Sub Affiliate Commission.
- Link Locker
A link Locker helps you to parse confusing URLs.
- Selecting a Niche for Promotion
Selecting a Niche is nothing but selecting a product you want to promote. For this, you can either login to Amazon or Flipkart and study the product categories there. You can analyze different products and choose the one you can or is interested to promote. You can also learn about the commission Percentage of a product via such platforms before selecting your niche.
- Sign up for an Affiliate Program
You should sign up for an Affiliate Program before marketing products. For this, the very first step is to Create Your Own Website for Affiliate Marketing. This will help you to attract more people in an easier way. Now you should sign up for an affiliate program. Make sure you choose a program that pays you the highest commission for a specific product.
- Adding Affiliate Links to your Website
After creating a website, go to Amazon/Flipkart to select your product. Selecting a merchant who provides you the highest commission and chooses it. Click the get link button to copy your product link and paste it in the HTML editor of your website.
- Product Advertising
The next big step is advertising your product. For this, you’ll have to choose a strategically planned format. You can advertise via various steps such as Making more audience come to your website, attract sub-affiliates, share the product details via various online platforms etc.
- Building a healthy relationship with people to acquire the target
Being an Affiliate Marketer, you should be active and start working. Only then you can gain more and more audience for your need. Try adapting steps like free/paid advertising, e-mail marketing, article marketing etc.
So this is all about Affiliate Marketing and a bit of interest mixed up with some action will make you a benefit reaping Affiliate Marketer. If you’re interested, what’re you waiting for? Go and Grab some Affiliate Marketing Programs to earn all by yourself using this day by day enhancing passive incoming strategy.