In the last issue we talked about a little bit about how affiliate marketing works. In this issue we are going to talk about the benefits of affiliate marketing and how you can use it to make a little extra income or even a full time living
As we know, affiliate marketing allows you to earn a commission by promoting the products and services of others. It is usually a very simple process that anyone can do once they understand the basics.
It works on a referral basis, where you (the affiliate) send consumers to the seller’s product pages through your own unique affiliate ID and link. If that consumer makes a purchase, you will get a percentage of the sale. Of course, there is a bit more to it than that going on behind the scenes like cookies and tracking, but for the most part that is how it works.
Tip: Most affiliate programs will provide you with tutorials on how to create and set up your affiliate links. This training should include how to place them on your website, blog or in an email. If you need more help with this, please feel free to contact me.
One of the biggest advantages of affiliate marketing is that you don’t have to put in the time and effort of creating a product to sell. You can start promoting as an affiliate as soon as you sign up and are approved by the seller. You will also need a plan for promotion, which we will be talking more about later in your lessons.
There are many ways and places to find products to promote and the commission you earn will be determined by the product seller, so it’s important that you understand their terms before you invest your time, effort and money marketing for them.
Many sellers offer their own affiliate programs directly from their websites while others work through big networks like:
You can also promote products from mega companies like Amazon:
These affiliate networks are very popular and offer many diverse products, which allows you to choose what type of products you want to focus on. They also offer a different payment structures so make sure fully understand how you will be paid.
For instance, on JVzoo you can earn anywhere from 10-100% of the sale. The average is 50% per sale. Sometimes the seller (vendor) will pay you instantly and other times you have to wait because they can set their own terms. Your payments are directly deposited into your PayPal account.
Side note: If you don’t have a PayPal account you should definitely get one because many affiliate programs have the option for pay out through them which will give you faster access to your profits. It’s free, easy and very handy.
Here is the info and sign up link:
On bigger networks like ClickBank and Amazon, you are paid according to their thresholds and schedules. This means that you have to make a certain amount before you get your check or deposit.
On big networks like Amazon, your commission is usually starts out much lower and increase with volume of sales, which means you have to sell a lot more before you start seeing big commission checks.
With individual websites the product owner determines the commission structure and payment schedule so again make sure you understand their terms, that they are reputable and don’t be afraid to ask them questions before you begin promoting for them.
Whether you choose to promote products from an affiliate network or an individual website is completely up to you. The networks do offer a certain amount of protection as far as payment is concerned. However, many privately owned websites offer generous benefits to affiliates.
I personally think a mix of different networks and websites is a good idea because it brings in different revenue streams for your business.
We have a lot to go over in the next few days if you want to learn how to get started in affiliate marketing, so make sure you look for your next lesson soon. In your next lesson, we will be going over a few simple tactics that you can use to become a successful affiliate marketer and start earning a nice income promoting other people’s products online.
Make sure you look for your next issue soon. We will be talking about some important criteria for choosing the best affiliate programs to join.