Affiliate marketing is one of the world's most popular methods of generating passive income online, and it continues to grow. In fact, affiliate marketing spending is reported to increase to $8.2 billion by 2022 - up from $5.4 billion in 2017.
If you're looking for a complete guide to affiliate marketing full guide, read more to find out how you can promote products as an affiliate to create an additional source of income.
What is affiliate marketing?
Affiliate marketing is a performance-based marketing tactic in which a retailer, typically an online one, rewards a website with a commission for each customer referred via the website's promotional activities.
There are typically four parties involved in affiliate marketing:
- Affiliates: The promoters of the product
- Product Creators: The creators of the product.
- Networks: The networks managing the affiliates.
- Consumers: The end-users of the product.
Who are the affiliates?
An affiliate, also known as a publisher, can be an individual r a company. Typically, these are other bloggers or content creators operating in the industry of the product they are creating.
Who are the merchants?
A merchant, also known as the product creator or advertiser, is typically the creator of the product or services. They offer revenue sharing and commissions to people or other affiliates, which have a significant following on their brand.
Sometimes the merchant does not even have to be the product creator, as in the case of the Amazone Associates Program.
How to Start Affiliate Marketing
- Choose a platform and niche
- Build an audience.
- Sign up for an affiliate program.
- Choose products to promote.
- Create remarkable content that promotes your affiliate products.
- Optimize and track.
- Get Paid.
Best affiliate programs for beginners
- CJ Affiliate Program
- Impact
- Shareasale
- Warrior plus
- Click bank
- Get Response
- Amazon
- Bluehost
- Godaddy and much more...
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