Are you tired of having to put in long hours at your full-time job? Looking to make some extra cash on the side but don’t want to trade in your precious time? If so, affiliate marketing may be the way to go. Affiliate marketing allows you to sell someone else’s product or service and earn a commission on every sale you generate. You can set up an affiliate marketing campaign in under an hour and work as little or as much as you want, with no limits on how much money you can make each month!
What is affiliate marketing?
If you’re not familiar with affiliate marketing, it’s simply a way to make money from home by promoting other people’s products. Companies pay affiliates to sell their goods or services and then offer an optional commission to those who referred customers. For example, if you promote Apple’s iPhone through your website or social media platform, when someone clicks on your link and purchases an iPhone, Apple would offer you a small commission for selling that phone.
Why affiliate marketing?
Everyone makes money by selling their products to people who are willing to pay for them. But why stop there? Let’s sell someone else’s products while they do all of that work. That way we can make even more money! With affiliate marketing, you don’t need any products or services; you just market other people’s stuff and get a commission when they make a sale!
How does it work?
First, you create a website and then drive traffic to it. When visitors make purchases on your site, Amazon pays you a commission on each one. With affiliate marketing, you’re not actually selling products directly to customers; instead, you’re earning money by driving sales for an outside company. If successful enough with your efforts, in time that company will pay you a commission—but until then, their profits are all yours!
Do I need to be an expert in something?
No, you don’t need to be an expert in order to make money online with affiliate marketing. Do I need a website or my own domain name?: Again, no. Affiliates (those who sign up to sell someone else’s product) can be found on any number of websites and social media platforms. Can I use email marketing to grow my list?: Yes! Email is still one of the most effective ways to convert leads into customers.
Setting up your account
Setting up an affiliate marketing account is easy—assuming you already have a web domain, hosting and content management system in place. Check out affiliate networks like CJ Affiliate by Conversant or ShareASale for information on creating your own account. For example, if you sign up with ShareASale, you’ll receive everything you need to get started.
Types of commission structures
There are three types of commission structures to choose from when it comes to affiliate marketing: CPA, CPL and CPS. Choosing which one is right for you is a matter of preference, but if you have an established brand and high traffic volume, you might want to go with a flat-rate or a performance-based model. Read more about each commission structure below. If you’re just starting out, however, we recommend using a cost-per-action (CPA) or cost-per-sale (CPS) model. It’s easier to make money with these models because they pay affiliates on actual sales. This means that affiliates don’t need to worry about whether their visitors convert into customers—they just need to drive sales through their links. The downside of these models is that they tend to be less lucrative than CPL or CPA programs since commissions are lower per sale.