For instance, for me to try and advertise for dumbbells on Location Rebel probably isn’t the smartest thing, because 99% of my audience could care less about them.
Affiliate marketing is a way to make money online by promoting other people’s or company’s products and services and earning a commission from every sale you help make (to be fair though, there are different types of affiliate programs with different ways of paying marketers, as you’ll see in a minute).
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The Merchant: Sometimes also known as the creator, the seller, the brand, the retailer, or the vendor. This is the party that creates the product or service. It can be a big company, like Amazon or a training institute like our Digital Marketing Skill Institute Affiliate Programme.
Have you ever wondered how few affiliate marketers make thousands of dollars every month, and you struggle to make even one sale?
Everyone who is doing affiliate marketing without a website turns to an external resource, i.e. websites owned by others, that already exist, and you can just sign up and start using it as a platform. A forum seems to be the perfect place.
Brands, companies, and vendors will have to restructure their commission structure and be smarter with the framework.
For a free account, you can talk to them for a limited time to help you learn more about the program from them. You can read these success stories and get inspired to start your own affiliate marketing journey.
MoneySavingExpert, another hugely popular personal finance site, earns well over $1 million per month mostly from affiliate marketing.
Don’t join an affiliate program just for the sake of big money. No one would buy from you.
Increase the traffic to your websiteMaximize the activity on social media platformsGet more subscribers and build an emailing listMake YouTube review videos of the products
Affiliate marketing is an arrangement between two parties – the affiliate and the online retailer, whose products are promoted by the affiliate. The retailer pays a commission for traffic, or more commonly, for leads or sales generated by each referral from the affiliate.
Commissions differ from program to program. Many range from 5% to 8% of the sale but it just depends on the price range of the product. For example, Bluehost (a website hosting platform) pays $65-75 per sale. I’ve had 3 people purchase hosting through my Bluehost link this month so far. While $225 may not seem like a lot, that’s $225 I didn’t have before and I call that a win. So just think, what if I had a 100 people purchase hosting through my link in a month… So here’s what most people won’t warn you about. It’s not that big of a deal but I want to be as transparent as possible. You may not be accepted into every affiliate program you apply for, especially when you’re first getting started. Some are easier to get into than others.
The Affiliate: This party is sometimes also known as the publisher. Affiliates can also range from single individuals to entire companies.
The Erin Condren affiliate marketing program gives you 10% of each sale you refer to them which is often quite high since their average sale is $73.71 and your viewers are likely to be planning to buy there anyway because planner YouTubers are promoting products from a planner company.
You can also find niche blogs in your target market and directly offer them your affiliate program. For instance, if you are selling “pet toys” then a simple search of “dog care guide blog” in Google will bring you lots of results.
To start off with, I want you to know that I’m just a regular person like you. I’m not some reality TV star who had a huge audience to tap into, and I didn’t have rich parents or a rich husband to bank roll my online business.
Affiliate marketing can get pretty technical, even for those well-versed in digital marketing. Fortunately, you don’t need to know all the details to get started.