Affiliate marketing is the product sales process for other companies or peoples. Whenever you sell the product of companies or peoples you will get a commission based on the company norms and you can earn some money. It is also recognized as performance based marketing.
Affiliate marketing network comprises of following core entities
1) The merchant or Network I.e : Amazon.com
2) The publisher (the affiliate) I.e : mysmartprice.com
3) The customer I.e : Its may be you
How this entities of Affiliate network works ?
In affiliate marketing, there’s a merchant or an affiliate network, who provides affiliate program and offers, they also keep track on affiliate sales and its commission.
Then comes the affiliate who will promote the products of the merchant through a special affiliate link provided from affiliate network. So when some Customer purchases a product through your affiliate link, affiliates get a commission, that’s how the affiliates make money.
Check some facts of the Affiliate Marketing which will increase your curiosity in affiliate marketing
a) The affiliate marketing industry is presently valued at $12 billion i.e Clickbank.
b) Revenue generated by affiliate marketing in any brand for at least 15 percent.
c) In Canada and the United States, Affiliate marketing is a big online income generator, accounting for more than 16 percent of all eCommerce purchases.
d) The sector keeps growing by at least 10 percent every year since 2015.More than 81 percent of the world’s most popular brands, including publishers, depend on affiliate marketing for more sales.
e) Billions of clicks take place specifically through affiliate links. In 2017, for example, a study recorded more than 5 billion clicks.
f) There were over 170 million affiliate transactions in 2017.
g) It is one of the best backbone for SEO or referral traffic.
Affiliate Marketing Network
Affiliate marketing networks are platforms that help merchants find the right affiliate marketers and vice versa. Affiliate networks allow publisher to:Display their productsManage affiliate relationshipsTrack affiliate trafficDisburse payments
Every affiliate network brings something different to the table. While some list out a wide range of products, others are more niche, catering to technology, fashion, sports, health or pet care.
The more knowledgeable you are about products, the easier it is promoting brands and persuading buyers to place orders. Your language must also be persuasive enough that a buyer visiting your site would click through to the site having the real products.
Affiliate Marketing Networks Examples
If you are new to Affiliate Marketing then following networks will help you to ignite your passion and earn bucks online.
There is nothing that Amazon doesn’t sell. If you’re unsure about which products or companies you want to affiliate with, signing up with Amazon Associates might be the right thing to do simply because of the sheer variety of products you could choose from. It is easy and free to join, requiring only one approval and no third-party approval, so you can start as soon as you’re onboard. It also provides several easy-to-use linking and tracking tools so you can maximize your earnings and measure the success of your campaigns.
eBay has almost 1.1 billion listings. Here, you’ll never run out of physical products to promote to your audience. From global brands to local, eBay connects millions of buyers and sellers around the globe, allowing people to make the most of their affiliate program.You can make money for the traffic you drive to a specific item, and also any traffic that results in a sale. Sending users to some of their high-converting landing pages can really move the needle.
If you are a blogger with niche interests, whether they’re in fashion and travel or politics and sports, ClickBank can help you find the right product match from its wide-ranging repository of digital assets. Here you can find products that will help you improve your skills, which you can then vouch for and market easily to your audience. ClickBank claims to offer some of the highest commission rates in the business, as much as 75%, timely payments, and advanced analytical tools.
On the bottom of all this Affiliate marketing is a great way to earn passive income online. It only costs a few bucks to get started, especially if you are looking to own a website. You do not need customer support to handle incoming queries because, with product reviews, everything is on autopilot. Something even more noteworthy is that with affiliate marketing, you do not need an office. All you need is access to the internet using either a smartphone or computer from the comfort of your home.