What is Affiliate Marketing ? : A Step-by-Step Guide

                                       

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Passive income.

Yes that's for you are searching for it, right?

Means to make some money while you work on your hobbies or fun

For almost 90-95% of people, affiliate marketing is how they started searching for it.

The idea of affiliate marketing is very simple revenue sharing it means if you want to make money

and you don't have any product to sell then you can assist the person who got the product

to sell it and get the commission on it. It is as simple as this. 

Let's have an example you have a book and you want to sell it but you don't have a buyer, and I am 

a person who doesn't have any product but I can assist you to get buyer so if a buyer buy that book on

my recommendation you will share some percentage as commission this is nothing but simply called "AFFILIATE MARKETING"

Here is some Pictorial about affiliate marketing:

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Definitions

The best definition of what affiliate marketing is can be found on Pat Flynn’s Smart Passive Income:

Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.

But the point here is how much convenient it is Can we earn?

The answer is - yes

                                              [Image source -Google image]

Pros of Affiliate Marketing

There are many faces of affiliate marketing that makes it a good option for home business  including:

• - Almost no cost or very little cost to get started. Approx all affiliate programs are free to join, so what referral/marketing methods you use will decide your related costs.
• - No need to create a product or service.
• - No need to stock or ship products.
• - A benefit of Working anytime and from anywhere as long as you are connected with the internet
• - A huge Passive income potential, depending on how you market your affiliates programs.
• -Yes, it Can be added on to the current home business or job to create an additional income. It's ideal for bloggers, coaches, information entrepreneurs, job guys, or anyone who has a website. 

Cons of Affiliate Marketing

• There are challenges to making money from affiliate marketing, such as:
• 
  
• - you need some calm and patience  as It can take time to generate the amount of traffic needed to result in income

• - Affiliate hijacking may occur in which you're not given credit for your referral. Use URL masking can help.
• - A bad affiliate referral can ruin your credibility. It's important that you choose quality businesses to work with to avoid this.
• - No control over the businesses' product, service, or how it does business.
• - Some companies have been known not to pay, although there are ways to screen and choose quality affiliate programs.
• - High competition. When you find a great program, you can bet that many others are promoting it as well.

• - The customer belongs to the merchant. You will only know the stats which will let you know how many sales were made of what product, but in most cases, you'll have no information about the person who made the purchase, which makes it difficult to market for re-sales.

• How to Become a Successful Affiliate Marketer

  Affiliate marketing is an ideal home business because it doesn't require much money to get started, and you don't have produce, stock or ship product inventory, or deliver a service. You're essentially paid for referring new clients and customers to other businesses.
  Affiliate marketing isn't hard, but like any business venture, it requires knowledge, planning, and consistent effort to make any significant income. Here are some things you can do to ensure your venture into affiliate marketing is successful.
• BLOG  You can start your own blog and post review about the products with your affiliate link below it.
• YOUTUBE- You can promote sales and products on your youtube channel by reviewing them and posting affiliate links in the description.
• Choose only quality affiliate products and services. In fact, consider buying them yourself so you can attest to their quality. You'll be judged by the product/services you promote, so don't just focus on the income, but also on the quality.
• -Always disclose your affiliate relationship. Most visitors will probably understand that graphic ads will lead to your getting paid, but if you write a review or use an in-text link as a recommendation, you want your readers to know that may lead to compensation as well. This ensures you retain transparency and trust with your readers, but also, it's required by the FTC's endorsement rules.
•  CAUTION- If you decide to pursue an affiliate marketing business, or want to add affiliate marketing to an existing business, understand that it's not fast, automatic, nor without effort.
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