There are many ways of making money online.
And perhaps you have heard of some…online surveys, digital marketing, e-commerce and many more….
And probably you’ve tried to dig deeper trying to make money online.
Unfortunately, it’s like a wild goose chase. None of the website really shows you how to make the first cent.
And the way you are eager for the cents; and the comfort of working from home.
Now, don’t panic.
I am here to show you one of the easiest ways of making real money online-Affiliate Marketing!
Let’s start with the basics:
What is Affiliate Marketing?
“Affiliate marketing is a way in which a person influences a consumer to buy a company’s product and in return gets a commission as part of the profit.” Says Pat Flynn – one of the foremost internet entrepreneurs.
Others will define affiliate marketing simply as referral marketing accruing a commission.
Well, whichever way you look at it, Affiliate marketing is actually a business model.
And this is how it works:
The first party- knows as the merchant creates abrand or provides and sells a product (or products).
A merchant can be solely an individual or a massive company running an affiliate program.
The other party- calledthe affiliate (or publisher) then comes in, through the affiliate program, to promote the company’s product and convincing potential customers to buy.
A publisher will use his or her own ways to optimize the marketing process and pull online traffic.
Let’s move on.
Why go for Affiliate Marketing?
Affiliate marketing rewards interested parties with commissions only when sales are transacted, leads confirmed, or a stated business activity takes place.
The model is totally angled on revenue sharing.
The good thing is that, done well, Affiliate marketing business can give hundreds of dollars as commissions monthly or millions of dollars yearly.
Here is why you should consider working as an affiliate marketer:
- Start-up costs are minimal: The Company takes care of the affiliate program, customer service, and everything else.
- It is easy and quick to enter: You are required to sign up for free and begin posting links and adverts.
- Unlike most businesses, money can flow into your account at any time of the day whether sleeping or taking a stroll in the park.
- No Training or special skills are required. However, having proper marketing knowledge is important.
- It is one of the most convenient and apparent easiest way to earn passive income online.
- Acts as a secondary source of income with the added bonusof working from home or even as a part-time job.
- You have the freedom to set up your preferred working environment.
How Do Affiliate Marketers Earn?
Affiliate marketing pays through commissions. But there are other payment systems.
There are those who pay a flat rate while others pay-per-sale.
A merchant can also reward you per action or lead. For instance, someone gets paid for referring another to sign-up for a business trail.
We also have affiliate programs that pays in what is referred to as two-tier program; that is others publish your link and you getting paid from this.
- An affiliate marketer works on a marketing niche or creates his or her own website. Remember asan independent marketer, you are free to choose the platform to work on.
- Mode of payment varies. Some programs require the marketer reach a projected threshold which can be $30 or $100. Others just pay in a month’s time. The money is wired to your PayPal account or direct deposit into your bank account.
That’s about it..now you have the knowledge to start off in affiliate marketing.. it is time you get online and involve yourself as an affiliate marketer.
Here are some other resources on how to make money online
- How to identify your online niche
- Initial steps to succeeding online