Updated: Oct 29, 2020
It is the era of working smart, not working hard. As tons of opportunities have sprung up to generate revenue and boost your sales online, Affiliate Marketing remains the smartest way to market your service or product.
Simply put, it is the process of earning a commission by promoting another company’s products or services. All you need to do is find a product that you like, promote it to other people and earn a chunk of the profit for each sale that you make on your own. This niche comes under the Marketing and Sales industry and you act as a salesperson for the company that lets you promote its products.
This isn’t even the best part. As an affiliate marketer, you are not restricted to a brand or company, which means that you can promote several products at the same time from different companies without limiting yourself.
To understand how it works, you need to have knowledge of the parties involved; product creator and affiliate marketer. The affiliate marketer chooses a product from the product creator and shares an ad or link on their website, blog or social network. The customer clicks the ad or the link which sends them to the product creator’s site. Once the customer makes a purchase the transaction is credited to you and you get paid your commission. It is either a pay per sale, a pay per click or a pay per lead.
If the above painless process doesn’t convince you then maybe an understanding of why this income is so popular might change your mind.
Unlike other jobs, affiliate marketing lets you generate passive income even while you sleep, literally. You work at your own pace, during your personally defined work hours and bring your own strategy and you keep earning money even after you’re done with your campaign.
You are not responsible for providing customer service to the products you are promoting. It is not your concern to worry about customer satisfaction as your job ends as soon as you start generating sales for the product creator. They have to deal with consumer complaints on their own.
Perhaps the biggest reason why you should consider this is because you can conveniently work from home. You can launch your own campaigns and receive revenue from the comfort of your bed.
It offers performance-based rewards and thus, the more effort you put into your campaigns and marketing techniques, the more revenue you generate. You’ll get from it exactly what you put in and it also lets you be creative with your ideas and strategies.
Influencers, Bloggers and paid microsites are all parties benefiting from affiliate marketing and are earning a revenue every time someone makes a purchase through their links. All YOU have to do is build an audience online by establishing yourself as an expert in a specialized area of purchase. You can either review products and stay current with trends and the money will start rolling.