What Is Affiliate Marketing
First of all, what is affiliate marketing? In short, it is a vary inexpensive way for companies to market the items or services they sell by offering commissions on sales to those that create the sales. How does one create a sale? The easiest way is by reviewing the item or service through blogging, presenting the potential customer with a link to the product, and if a purchase is made a commission is earned.
The only time a company spends money on advertising is when a sale is made. The affiliate marketer has spent the time and effort reviewing the product on his or her website but, can possibly earn a residual or passive income from that review. It becomes a win win scenario. How many people research their potential purchases by checking out others’ reviews on the product? I know I do.
Who Can Become An Affiliate Marketer
Are there any special requirements to become an affiliate marketer? Can anyone become one? Anyone can become an affiliate marketer and yes, there are a few requirements. As with anything worthwhile, to become successful, you have to put forth the time and effort. You may have to learn a few new skill sets.
It is definitely not a get-rich-quick scheme but, in time, the rewards reaped can seem endless. One story that had caught my eye was of a child that gave reviews on toys through a YouTube channel. Read about him here. This, of course, is a special case but, gives you an idea of what can be accomplished with a little determination and effort.
Who Needs Affiliate Marketers
Just about every company that sells goods or services on the internet has an affiliate marketing program. Just put any company name with affiliate program into a search engine and you’ll find their affiliate site. Here are just a few companies below.
Don’t get the impression that there are too many affiliate marketers out there. There are literally millions of products on these sites that can be reviewed. A friend once told me that everything had already been written about at least once but, it was my take or opinion on something that made it anew or more convincing to some. Your review or opinion on a product could be the motivating factor to inspire someone to purchase that product.
How Much Can You Earn Through Affiliate Marketing
The percentages per sale vary from company to company and product category to category. Commissions can range from 1% to 10% per sale but, it is the big picture you need to look at. The internet is a 24 hours a day, 7 days a week, 365 days a year, passive income generator. A review you posted could be driving sale after sale, month after month, creating a residual income stream. Now, imagine 100’s of reviews doing that same thing.
There are other ways of monetizing that same website. Google AdSense is one way in particular. You get paid when people click through the ads placed on your site.
The more traffic that can be driven to your site means the chance of more sales and more revenue through ads.
Where Can You Get Training
All this seems relatively easy, and in reality it is but, it can get overwhelming when trying to find a place to start. Just doing a google search will net you all kinds of training platforms. Everyone seems to have a training course for making money online. As with anything, there are good, not so good, and down right terrible training courses. Most that I have seen are too costly for what they offer. Not only are you paying for the training but, there are other cost factors you have to consider.
When becoming an affiliate marketer or blogger of any sort, you need to have your own domain name or brand. The free websites limit you too much and if you plan on succeeding your own domain is a must. There are several domain name registrars online and prices vary. You may get an introductory price at first but, when you go to renew in a year, you may be surprised. Here are some domain name registrars.
Finding a hosting site can become a confusing and expensive task. Yes, you can do a search for site hosting and find a lot of $4 to $10 a month sites but, you get what you pay for. High quality high volume WordPress hosting starts to get expensive. If you are serious about affiliate marketing you need high quality high volume hosting. See true quality web hosting comparisons here.
Is This All Leading Somewhere
Yes, this is leading somewhere. If you want to learn how to make money from affiliate marketing, there are hundreds of different routes you can take.
- Purchase a domain name from this company
- Buy site hosting from that company
- Purchase a course on how to build a website
- Buy a course on affiliate marketing
etc, etc, etc
Or, do all the preceding in one place for less than the cost of a cup of coffee per day. If you are serious about affiliate marketing or want to kick the tires a little more, then continue reading below.
Thank you for reading! If you have any questions or comments please leave them below.