What is Affiliate Marketing and how does it work? Beginner’s guide
Wouldn’t it be great if you could make money while you sleep? But of course, it would! Affiliate marketing allows you to make money from home, but how easy is it and who are the affiliate marketers and affiliate merchants?
Although affiliate marketing is especially popular with bloggers, vloggers, and podcasters, anyone can do it, as long as they know exactly what it is and how it works. So in this article, I will try to explain to you as simply and understandably as possible what, affiliate marketing is, how it works, who the affiliate marketers and merchants are, what the best networks are and whether it is easy or difficult to make money. Doing this job.
What is affiliate marketing?
To put it simply, affiliate marketing is a practice where an affiliate is paid to promote and sell products and services from various businesses and stores. One of the advantages of affiliate marketing is that you can do it yourself, with a group of people, or as a business.
In general, for the affiliate marketing system to work, three aspects are involved:
The merchant: Also known as the seller or brand, the merchant is the one who gives the product to affiliates to promote it.
The affiliate: Also known as the publisher, the affiliate is the one who chooses what products he wants from each merchant and promotes them online to make money.
The customer: The name says it all. The customer is the one who buys the product promoted by the affiliate from the merchant.
If you are wondering where to find stores that provide affiliate systems, then you will be happy to know that there are millions of companies around the world that choose to promote their products through affiliate programs, while in Greece the number of companies that do this is growing. and more. To be precise, not only are there several Greek companies located in various affiliate networks, but there is even a trusted Greek affiliate network that you can use – but we will see this below.
How to make money from affiliate marketing??
As an affiliate, you make money with every product you sell online for a company. This product can be either natural or online. You can sell from laptops and gadgets to cosmetics or clothes, while there are also services that you can promote, such as programs, applications, systems, etc. In other words, there are hundreds of thousands of different types of products that you can promote and the choice is yours.
The most common way an affiliate works is by adding and promoting various banners or affiliate links through his website/blog. Of course, even if you do not have a website or blog, you can still start promoting the products of your choice in different ways. We will see all the ways below.
How to make money as an affiliate merchant?
Unlike affiliate marketers, merchants are the ones who sell the products. If you have a store, you can easily and quickly become an affiliate merchant, providing a percentage per sale to affiliates who will choose to promote your products. Therefore, you will need a small budget to get started.
As an affiliate merchant, you will never give more money than you get, as you only pay a marketer when a purchase is complete and you have received the money and sent the product to the customer. The higher the percentage you provide to affiliates for each purchase, the more people will be interested in promoting your products.
In addition to the special links that you will provide to affiliate marketers, you also have the ability as a company to provide unique offers to affiliates, such as promotional coupons, various bonuses, or even free products to review on their blogs.
What are affiliate networks and how do they work?
What makes affiliate marketing so easy is the fact that you can start doing it in the next few minutes. You do not need to run from store to store to close deals or ask if they provide an affiliate system as there are various affiliate networks that take this burden off of you and provide you with all the right tools to promote products and services from a huge range of companies.
The best affiliate networks to get you started
Below I have added the most well-known and trusted affiliate networks in which you can register for free and start immediately. Most of these networks provide you with a large list of companies that you can choose from to promote their products. Unfortunately, in order to promote a product from an online store, this store will first need to accept you as its affiliate, but very rarely they do not accept you. However, it is good to focus only on stores that have products that you can actually promote, either to friends and acquaintances or to strangers.
Share A Sale
Share a Sale is one of the largest, if not the largest, affiliate networks in the world. The network has been operating for over 19 years now and they have an excellent reputation for the functionality and options they provide.
You can use Share a Sale either as an affiliate marketer or as a merchant, and to every business will have to accept you as an affiliate in order to promote their products. You will also receive exclusive offers on selected products or stores, discount coupons, and much more.
Share a Sale also provides detailed statistics on the money you make, the clicks that are made, as well as daily and monthly reports. In general, Share a Sale provides very detailed statistics on the sales you make and where they came from, what percentage you received from each sale, from which product, and so on.
If you need more information about Share A Sale affiliate network you can sign up here for free – Click here
Read also –
Amazon is the e-commerce giant, as I refer to the largest online store in the world. Unfortunately, Amazon, it does not provide third-party stores, as you can only promote the products that are in its online store.
From every product you sell, you will receive up to 10% commission (which can be changed, so if it happens, forgive me, but I cannot update the article every time), while all the commissions can be seen in detail in this page. The network also provides you with detailed statistics to see the clicks that have been made, the commission you have received, and so on.
Gearbest has become very popular in recent years in EUROPE providing a huge range of different types of products, but which are Chinese – not that this is necessarily a bad thing. You can even promote smartphones, tablets, laptops, and other gadgets from well-known big companies (genuine) such as Samsung, Xiaomi, Huawei, and so on. All products are available at fairly low prices and if you know how to buy, you can also avoid customs clearance – and for this reason, this online store has become very popular.
Unfortunately the commission you receive from most products is very low, which means that if someone completes a purchase for example of 119.99 euros, you will get less than 8 euros. Of course, the products are so cheap, that even if the commission is small, if you make several sales, you will of course receive a large percentage. From there, you can also increase your commissions by bringing more affiliate marketers to the Gearbest network, and they will not lose money. In fact, they will receive the same money as you per sale, with the difference that you will receive a little more because you invited them.
If you do well with a product promotion or you are a vlogger or blogger who constantly reviews products, you can also get free products to rate, or at least they did to me and some others I know.
GA2 For gamers
G2A is not an affiliate network, but an online store that provides at incredibly low prices known and unknown names of computer games, PlayStation, Xbox, and so on. They also provide serial keys for various programs or operating systems, such as Windows 10, for which you can find keys that cost just $ 9-10. But what has G2A got to do with affiliate networks?
G2A provides its own affiliate system where you can sign up immediately and for free and start promoting games or program keys at very low prices, and receive a small commission for every sale. Through G2A there are several people who have made several thousand euros, but for now, let’s focus on the simple pocket money.
Strategies to make money as an affiliate marketer
There are several ways to make money as an affiliate, and the following are the most popular in recent years. You can choose either one way, or two, or all. How you promote each product is entirely up to you.
The good news is that you do not have to have a customer from the beginning, as you can start from scratch. After all, on the internet, all potential customers are, so you need to find the right products and the right people to buy them.
The best way to promote affiliate products and services is through content. This means that you will need to invest a lot of time writing great and quality articles, which will include affiliate links, so that when someone buys a product, you will receive the corresponding commission.
The reason that content is the strongest strategy here, if nothing else, is the fact that content is not just easily promoted on social networks, but if it is search engine optimized (more on that below), you will constantly receive visits to your articles.
On the other hand, when you write great articles and optimize them for search engines, you target even more big brands, which are always interested in article writers who know how to write a review for a product correctly.
SEO is the alpha and omega for the content you create. When you know which keywords to use and your articles are great and provide all the necessary information, then you also appear in high positions in the search results. The higher your articles rank, the more readers you will receive, thus increasing your potential customers.
Even if you are a vlogger or podcaster, you should still focus on SEO for your videos or podcasts. Optimized titles, descriptions, tags, and featured photos are all to pique the interest of the world. After all, if you do not know SEO, you will not have such a high chance of getting the most out of affiliate marketing.
Do not have a blog, vlog, or podcast channel and are not interested in opening? Absolutely no problem! You can promote affiliate products through your favorite social networks. If you upload interesting photos and write catchy titles and descriptions, anything is possible. After all, there are many who use affiliate marketing exclusively through social networks.
The first thing you need to do, of course, is to subscribe to as many social networks as possible – and to be precise, the most popular, which are the following:
The above list includes the most popular social networks at the moment, which have millions or billions of monthly active users. Of course, you do not need to register and use them all but choose at least the most popular and as many as possible.
Although this is a bit more forceful, if you think you have it with “blah-blah” then it will not be difficult for you to attract customers by contacting them from various social networks. Of course, you should be careful not to get annoyed or considered by many as a spammer, but as I said, if you have it, you have it!
If you can find a way to persuade someone to buy a product that will either help them in any way in their daily life, or solve a problem, or they need it but do not know it yet, then you are in a very good position. road. When someone buys a product, you can also ask for a testimonial, so that you can show it to potential customers and they can proceed to the market without fear.
Email marketing is not unjustly considered one of the strongest and best ways to promote products or content. The good news is that you will have no difficulty creating a catchy email template and you can get started right away and for free. The bad news, however, is that you can get enough subscribers to your newsletter.
You can start with email marketing by creating your first newsletter through MailChimp. I have even created a video in which I show step by step how you can create a free automated newsletter in MailChimp. Of course, for affiliate email marketing you will need to have a manual newsletter, but at least you will get a first idea of how such services work.
Is It Easy To Make Money From Your Home?
Yes and no. Unless you have a lot of people following you on social media or on your blog, finding people to buy the products you promote is definitely not easy and requires you to invest time in the promotion. On the other hand, affiliate marketing does not limit you anywhere, which means that there is no limit to the money you can make from it.
If you want to get a better idea of what it’s like to work from home and maintain yourself, take a look at my previous article entitled “Who Said Working From Home Is Easy?”
Whether you want to start a professional affiliate business or make an extra living from home, you can start immediately and for free. If you have a brand, then you can become an affiliate merchant to increase sales of your products, while providing a commission for every complete sale made through your website.
If you want to start as an affiliate marketer, then you will first need to find the right affiliate network that best suits your needs, and then registers through it in the stores it provides. Once you are accepted by the most important stores, you will have the opportunity to promote their products through your blog or through social networks. If you are a vlogger or podcaster, then with affiliate links you will also be able to increase your income by adding links to the descriptions of your video/podcast episodes.
Are you thinking of engaging in affiliate marketing? Did you deal with it in the past and come back again to give it another try? What do you think about promoting products with special links and what do you think is the best strategy to promote products? I will be glad to hear your views in the comments below!
Featured Image Credits: Merakist Unsplash