What is Affiliate Marketing? How to start Affliate Marketing in 2022? How to make money from Affiliate Marketing?
We are living in an age of internet. People are making use of internet and various social media platforms like youtube, facebook, instagram etc to earn lakhs of rupees every month. There are many ways through which people earn money from internet and Affliate Marketing is one of them.
If you want to know about Affliate Marketing, how it works, what are the various requirements for it, and how to use it, then you are at the right place. Today, in this article, we will inform you about all aspects of Affliate Marketing, and guide you regarding how you can start it in 2022 and earn huge revenue from it.
What Is Affliate Marketing
Affliate Marketing is a business in which you get commission for every sale that a company makes through you. If you promote any product of any company, and people buy that product through a “purchasing link/Affliate link” provided by you, then the company provides you a commission for every sale that occurs through that purchasing/affliate link.
Such an opportunity provided by a company, because of which you can promote their products on commission basis is called Affliate Programme.
Example: Suppose you join an Affliate Programme of Company A and you want to promote their Product Y or Service Z with your audience. You will be called as an Affliate of Company A, and you will get a unique link, for that product or service called as an “Affliate Link“. You ask your audience to buy that product/service through your Affliate link. Whenever any individual makes buys that Product/service through your Affliate Link, you get a percentage of the total cost, and this is your affliate income.
This is a very cheaper and risk free way of earning huge amounts of money. It is a win win solution for both companies as well as affliates. People are earning lakhs from it, and you can do it too.
How To Start Affliate Marketing In 2022
In order to start Affliate Marketing in 2022, you need to follow the steps listed below:
- Build your Audience/Community.
This is the first step towards Affliate Marketing. Building community is necessary because it is the only way through which you can influence people to use your affliate link.
More the number of people that you can share your link with, more will be the number of sales and more will be your affliate income.
You can make your youtube channel, a blog, an instgram account, a facebook page and share your affliate links there with your visitors and followers.
- Search and join such companies that offer Affliate Programmes.
When you have made your community, next step is to search companies that offer affliate programmes with good commission.
Prepare a list of such companies that suit you and join their affliate programmes. These companies are usually retail or e-commerce sites. Examples are Amazon, Amway, Hostinger etc.
- Select a list of products/services that you want to promote.
The owner of such products/service will provide you an affiliate code that you can use to send your visitors to the main site, where they are sold.
Make sure that you promote only such products/services that you yourself use, or would have no problem in using. Never ever promote any such products that are illegal, harmful or of low quality.
Affliate Marketing is based upon trust, and if you shatter the trust of your audience, you won’t be able to grow in this business.
How Affliate Marketing Works
Affliate Marketing works on the basis of commission on sales made through you. When you join the affliate program of any company, you are assigned an Affliate Code that is unique for each user.
This code differentiates one affliate from another, and helps keep track of user-wise sales and commissions earned.
When you promote any product, you receive a unique code-specific URL/Link. This link is shared with the audience through youtube, facebook, blog, instagram etc.
Once any user clicks on the link, he gets directed to the main website selling that product/service. If he purchases that product/service, you get a percentage of that cost as a commission. This commission gets deposited into your Affliate Account.
You can track the balance in your Affliate account any time and once it reaches a threshold limit, you can transfer it to your bank account.
Best Affliate Marketing Programmes In The World
The best Affliate Marketing Programmes in the world are listed below:
1. Amazon Affliate Program:
This is the largest affliate network of the world. It allows you to promote consumer products like tools, gadgets, toys, books, household items and all other items available on it.
You can easily sign up for Amazon affliate program, generate custom links to products and get revenue from sales.
2. Fiver Affliate Program:
Fiver is the largest hub of digital services. It offers all kinds of digital services from logo designing to content writing to programming, among 250 other digital services.
If your audience is about digital services, you can join Fiver affliate program. It gives affliates an oppurtunity to promote individual gigs and their services, and offers them a very good commission as much as 15%.
3. Hostinger Affliate Program
Hostinger is a very popular web hosting platform, which offers their affliates a good commission on every sale.
An extra advantage of joining Hostinger Affliate program is that its services are affordable and customer friendly, so the chances of conversion increase a lot. This inturn generates good income for you.
4. VPN Affliate Program
VPN means a Virtual Private Network and their use has increased in last few years, as people want to enjoy a secure connection over internet.
You can join any VPN affliate program and generate custom links. Every time a user buys a VPN service through your link, you get a commission. In fact, some VPN affliate programs offer you commission, every time a user pays fee towards the VPN service provider.
What Is An Affliate Merchant?
Affliate Merchant is a person/company that produces an item or sells a service. It is an affliate merchant, who offers an affliate program, and allows affliates to sell the products and earn a commission.
If you want to be an affliate merchant, then you will have to produce an item or a service, and list them for sale. Here, you must take care that you should offer only such products and services which are in good demand and profitable. Always look through the angle of a consumer. After all, he is a boss.
After production, keep a margin for affliates. Find them, and they will sell your products and services. This is where, Affliate Networks will help you.
What Is An Affliate Network?
Affliate Network is a group of individuals/companies that exist between an Affliate and an Affliate Merchant and provides an interface betwen them.
It is a place, where the Affliates find all the Affliate-Program offering brands under one roof, and join them. And, on the other hand, it allows the Affliate Merchants to reach a larger audience of Network Marketers.
Pros of Affliate Marketing
Affliate marketing has the following advantages;
1. Low Cost Business Idea
Affliate marketing is the cheapest and risk free model of earning money. You need not to pay any fee to join the affliate program of any company, and there are no other barriers to entry. All the risk involved in it is borne by the merchant and you dont need to worry about whether the market goes up or down.
2. Big Business
Affliate Marketing is a billion dollar business world wide, and you can earn huge profits from it. The added advantage is that you can sell products from international companies and your customers can be from any part of the world.
3. No Manufacturing Needed
This is perhaps the biggest advantage of affliate marketing. You don’t need to manufacture a product to earn revenue from it.
4. No Experience Needed
This business can be started even with zero expertise in the field. All other businesses require some existing skills and experience, but this can be started without any experience and experience and learning will happen along the way.
5. Convenience and Flexibility
This business is convenient and flexible. You are not under any kind of pressure from your boss, and you can use it according to your comfort.
6. No Headaches
Since you just promote the product, its delivery and other customer service related aspects are not your responsibility. They are to be looked into by the merchant.
Cons Of Affliate Marketing
The cons of affliate marketing are;
1. Audience Building
This is perhaps the biggest con of Affliate Marketing. You can;t jump into Affliate marketing unless you have a good audience. The problem is that getting audience is a difficult and time consuming process.
2. No Control
Being an affliate, you can dictate terms and conditions to the merchants. Rather, you have to abide by the conditions and rules of the merchant.
3. Highly Competitive
Affliate marketing is very profitable and it has made it very competitive in nature. You might not be able to make significant sales for a good amount of time. However, with good skills and dedication, you can overcome the competition.
4. Very Tricky
It might seem surprising, but a lot of your audience members might get irked as soon as you start promoting any of the products. Chances are they might leave you and never return.
Further, if a person buys through your affliate link, chances are high that next time he will directly buy from the merchant and not through your affliate link.
These were some pros and cons associated with affliate marketing. I hope that this article might have helped you in getting insights into various aspects of affliate marketing. It might have also enabled you to judge easily, whether it is your kind of business or not, and whether you should jump into it or not.
If you are still confused, we advise you to give it a try, as its advantages outweigh its disadvantages. Further doing so, will help you get a practical experience about affliate marketing and raise your interest in it.
We Wish You Best Of Luck In Your Affliate Marketing Journey.