What is affiliate Marketing?

What is affiliate Marketing?




Affiliate marketing is one of the simplest, easy to implement, and best ways to make money online. users out there earn a good amount of money with it. do you also want to earn money from Affiliate marketing? in this article, we'll discuss what is Affiliate Marketing, how much you can earn, its benefits, and more. so let's get started 


what is affiliate marketing? 

In affiliate marketing, three parties are involved. There’s a merchant or an affiliate network, let’s consider it to be Amazon. Then Third there will be you, as an affiliate partner. Where you will be promoting the products of the merchant party through a special affiliate link which they provide. So when someone purchases a product through your shared affiliate link, you get some commission, that is, you make money. 

 Almost all popular companies use affiliate marketing to drive customers. Be it Amazon, Flipkart, Ola, Uber, Swiggy, Food Panda, Zomato almost all popular companies are doing it. But the important question is, how affiliate marketing will help you.

 How to learn affiliate marketing?

You don’t need any special qualifications, you don’t need any technical background. All you need is one laptop, or a computer, and an internet connection. This is all you need. The best part about affiliate marketing is that you are making money from the comfort of your home. There is no age limit, no massive course fee, only your willingness to learn, and your willingness to earn money online. I’m friends with people who are making $100,000 per month to $300,000 per month from affiliate marketing. 

What is the best way to learn affiliate marketing?

You learn when you fail right? so never hesitate to try something new. you can start doing affiliate marketing on your own and it works. if it fails you learn something. data suggest that 95% of users who start affiliate marketing get success. most of the popular ones in the affiliate market industry learned from on their own.

Which Affiliate Network to choose?

There are thousands of affiliate networks in the market. I myself use 50+ affiliate networks to make money for my affiliate websites. So which one should you choose? While there are more complicated ones like Clickbank and Commission Junction, where you need the knowledge of advanced digital marketing in order to make money. This is because the competition is just way to high. 

For beginners, who are just starting out, the one I recommend is Amazon Associate. It’s easy to run and promote and now I’ll be showing you why you should be focusing only on Amazon.in. 

Benefits of Affiliate marketing

Amazon.com is driving more than 2.5 Billion visitors per month. Amazon India or Amazon.in is driving more than 360 million people per month. The best part is that every experienced affiliate marketer is only targeting Amazon.com in the US market. But there’s usually zero competition in Amazon India. So making money from an Indian Amazon associate account is a hundred times easier than promoting in Amazon.com on the US market. 

Apart from this, there is many other reasons why you should join the Amazon affiliate network. Once you promote your Amazon affiliate link the cookie period is for 24 hours. So whatever the customer ends up purchasing in the next 24 hours, you will be getting the commission for that. The second good point is that you will be getting paid the affiliate commission for the entire cart. So let’s say you refer someone to buy a t-shirt. But the person ends up buying a pair of jeans, a cap, and a t-shirt as well. You will be getting the affiliate commission for the entire cart value and not just the product that you recommend. This is the best part of the Amazon affiliate link. And since Amazon has so much data and optimization, the majority of the people end up buying so many other products and not just the product you recommend. 

Other Benefits of Affiliate marketing

The third benefit is the Amazon brand. Amazon is now one of the biggest e-commerce websites in India. They spend millions in advertising and now everyone knows about Amazon. So there’s a trust from the consumers from Amazon, so the conversion rate of people buying from Amazon is very high. This also helps in getting more sales and hence, making more affiliate commissions. 

There are many benefits of starting and scaling affiliate websites. Just as I mentioned, the competition in India is very low. So if you watched our lessons and follow them to the heart, then I can guarantee that within few months, you will be making money. You don’t even have to work on your website when your article ranks on Google search results. It’s free traffic, month on month. Unlike other platforms that come and go, Google is not going anywhere. So you don’t have to worry that Google will go out of fashion in a few months. People will keep on searching on Google. 

Make money from your affiliate website

There are many other ways apart from affiliate links that you can make money from your affiliate website. You get sponsorship opportunities, branches will start emailing you… you’ll also be making money from sponsored links, sponsored reviews. Like I am charging Rupees, Rs 10,000 – Rs 20,000 for one sponsored review. And also, in the end, let’s say you decide you don’t like the Amazon affiliate website, and you want to sell it.  Then the website sells for 30x its monthly revenue. So let’s say you’re making Rs 10,000 from your website on a monthly basis you can sell it for Rs300,000. 

Let’s take each option one-by-one and share its pros and cons. consider starting a YouTube channel. hmm, you can open a YouTube channel in any niche. Like many other YouTuber's are doing out there, and they are also making good affiliate revenue from it. You can create a fashion-related channel and promote fashion-related products. 

You can also create a technology-based YouTube channel and promote just like MARQUES BROWNLEE AKA MKBHD is doing, but the main point to stress is that YouTube is getting competitive day by day. Already for all the popular categories, be it fashion, be it gardening, be it technology, already YouTuber's are dominating that particular niche. 

It was easier a couple of years back when the competition was low, and also because of the Reliance Jio wave. Now already the majority of the profitable niche has a channel dominating. Now, I’m not saying that you won’t be able to do it. Yes, you can open a YouTube channel and you will be able to scale it slowly. But Yes, it is extremely difficult. 

Another thing is that you’ll have to be patient. You also have to show your face and you’ll also have to invest in expensive equipment. But then again YouTube is more competitive compared to the Amazon alternative that I’m telling you. 

Promoting affiliate links through Instagram. 

One thing that I should mention is that every social media platform comes and goes. So Instagram might not be able to survive in a couple of years. Also getting followers in 2020 is extremely difficult compared to a couple of years back. Every social media platform is going with the pay-to-play model. Like the case of Facebook, earlier the organic reach was very high. So let’s say you have 10,000-page likes, if you post a new post, you’ll be able to reach that 10,000 people. But now Facebook wants you to pay money in order to reach the people who even like your page. Now the competition on Instagram is also growing because the people know that there’s money to be made. And also Instagram wants you to pay money to get those followers. So the organic growth is down. And the worst part about Instagram is that here is only one place where you can add the affiliate link that is the bio. you can't share links in stories. So the number of links of the affiliate links will be far less and hence the oral commission that you make in a month will be much lower. And this is why I don’t recommend Instagram as the only source of promoting your affiliate links. 

Promoting affiliate links through Facebook page 

The same goes for a Facebook page or a group. The organic reach is dead, so you won’t be able to promote your affiliate links in a profitable manner. So I don’t recommend either going into Instagram, YouTube or a Facebook page or a group… rather the smart strategy is to go into allow competition area and dominate it before it gets too competitive. Also, once your affiliate sites start getting traffic, you can move to these verticals either YouTube channel or Instagram account. The best strategy is to first start a website, scale it, and then move to the various verticals of YouTube and Instagram. 

How much many can you make through affiliate marketing?

Now, this depends entirely on you. How much time you are willing to invest on your website. The more time you invest, the more money you will be making.  it might look a bit complicated because you are new at this. But given a few days of implementing, you will become a pro. Once you scale the website, then you already know all the secrets. Then you can create many more websites, build a team, and scale even further. Once it’s grown up, all you have to do is spend a few hours on your website and it will keep giving you fruits for many years to come. 


Common affiliate marketing mistakes

New affiliate marketers tend to make these following  mistakes  
  • The first mistake is not showing patience. You won’t start making money on day one. Rather, slowly and steadily you will be scaling. 
  • The second mistake that new affiliate marketers tend to make is not implementing. The majority of you will just be Just reading this, but very few of you will be actually implementing it. But the people who implement will be getting the best results. So make sure you Implement and give it a go!
  • The third mistake is getting greedy. I would recommend you to open only one single website and try to focus entirely on that. Your goal should be first to create a single website and scale it. Learn all the advanced strategies, then you can build a team, and then subsequently open multiple such websites. You don’t have to work hard, you have to work smart 

Conclusion

In the end, I would like to say that, nobody is a Great Affiliate marketer by birth. everyone started from zero. they started, made mistakes and they learned from it. that's how you grow. So make sure you start affiliate marketing today. don't worry about the results. whatever you work for with patience and dedication will always give you good results 

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