Learn about Affiliate Marketing
Affiliate marketing is the process of earning income every time you promote someone else’s product or services. If you generate a sale for the company, you get paid. If you don’t generate sales, you do not get paid.
In simple words, it is an advertising model where a company pays commission to 3rd party publishers to generate leads to the company’s product.
You refer people to a company’s product through your personal link and you make a commission from people who complete the associated task.
Some of the best affiliate network programs are Amazom associates, Clickbank, CJ associates, Vcommission, Flipkart affiliate programs, admitad.com, grabon.com, impact radius.
How to make money out of this?
1. Start writing a blog
2. When people visit your blog, click the link and complete a particular action, you get commission.
3. Some networks pay $150/sale and some even $1
4. It’s all about finding opportunities and providing value through content.
I can explain you with some of the case studies so that you can understand very easily.
1. Popular Indian youtubers like Technical Guruji and Sharmaji Technical, all use Amazon Affiliate program called amazon associates to make money from the channel.
It is Amazon's affiliate program link where a person clicks the link, complete the purchase and Sharmaji earns commission for this. It is actually one of the best method of earning money and so Sharmaji has chosen this.
2. Will also give you an other example where coupon and cashback websites like grabon.in and cashkaro.com also uses affiliate marketing as their monetization startegy.
Top 4 Affiliate marketing tips:
- Focus 20% of your efforts on creating epic content and rest 80% in marketing.
- Its not a get quick rich scheme. You need to be patient but the returns are amazing.
- Build a niche based authority site and dominate google rankings. To do this you need to become the master of SEO, which i will publish in my future articles. So learn all the techniques to get your website in the top position for your target keywords.
- Don't try to be impatient and don't use any black hat techniques. Black hat techniques will help you for a short run but obviously will drag you down and won't be profitable in the long run.