Whenever I publish my income report or share how I earn money with my blog, I often use the term “affiliate marketing”. Bloggers and internet marketers who have been into online marketing for years are familiar with affiliate marketing, and with the fact that it is the most lucrative way to earn money online.
In this article, I will share the basics of affiliate marketing and all the details you need to know in order to make money
Affiliate marketing is one of the oldest forms of marketing wherein you refer someone to any online product and when that person buys the product based on your recommendation, you receive a commission. This commission varies from $1 to $10000, depending on what product you are promoting.
This commission varies from $1 to $10000, depending on what product you are promoting.
The most common question I hear is related to how companies track the record of who is sending the traffic and making the sales. The simple answer involves a tracking URL, which is a unique link given to you by the affiliate company or product company.
This URL is used to keep track of all the traffic and sales you are making via your website or other promotional techniques. Many old-fashioned affiliate programs allow a buyer to add the email or referral details in an effort to account for affiliate sales, but this is certainly not the best way to track progress.
6 must-have features of any affiliate program:
So, in simple words:
Many online companies who sell products such as shoes, web-hosting space or any service, offer an affiliate program. You can simply sign up for the program and get your unique tracking link. Now, whenever you are writing about the product, you can simply use this special tracking affiliate link to recommend the company’s site, and if your readers buy anything, you will get a commission.
Every affiliate program has a set TOS. For example, many of them offer a 60-day cookie period, which means that if a visitor uses your special affiliate link to land on the sales page of the site and instead of buying today, he buys at some point within the next 60 days, you will be entitled to the sales commission.
Following are some of the common terms associated with affiliate marketing:
Affiliates: Publishers like you and me who are using affiliate program links to promote and make sales.
Affiliate marketplace: There are many marketplaces like Shareasale, CJ and Clickbank, which work as central databases for affiliate programs in different niches.
Affiliate software: Software used by companies to create an affiliate program for their product, for example: iDevaffiliate.
Affiliate link: Special tracking link offered by your affiliate program to track the progress of your affiliate promotion.
Affiliate ID: Similar to the affiliate link, but many affiliate programs offer a unique ID which you can add to any page of the product site.
Payment mode: Different affiliate programs offer different methods of payment. For example: check, wire transfer, Paypal and many more.
Affiliate Manager/OPM: Many companies have dedicated affiliate managers to help publishers to earn more by giving them optimization tips.
Commission percentage/amount: The amount or percentage you will be receiving in affiliate income from every sale.
2-tier affiliate marketing: This is a great way of making money from an affiliate program. With this method you recommend that others join affiliate programs, and you receive a commission when a sub-affiliate makes a sale, (similar to MLM or multi-level marketing.) This income is popularly known as sub-affiliate commission.
Landing pages: A unique product sales or demo page used for the purpose of increasing sales. Most of the programs that you will be promoting have many landing pages, and you can run A/B test
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