Affiliate marketing is a valid way to make money online, it can be your actual source of passive income.
Getting started can seem difficult, but once you get things right, it can be a great way of building your wealth.
Affiliate marketing has become very attractive to many people, and more and more people are making it their full time job due to the great earning potential.
So many people are asking for affiliate marketing for beginners.
So many beginners want to learn about this valid method of earning an income.
Why are you looking for affiliate marketing for beginners? You want to learn how to go about it so that you can create a good path for your success.
Plenty of information about affiliate marketing for beginners online can be confusing.
As a beginner, you don’t want to be in confusion when you’re just getting started with affiliate marketing.
You need simplified information that will set things clear to you and help you get started on the right foot.
In this article, we will break down the basics of affiliate marketing for beginners to give you a solid foundation with which to grow.
So keep reading to discover more about affiliate marketing for beginners.
What is affiliate marketing?
Affiliate marketing is performance-based marketing where people promote other people’s products or services and earn a commission for each successful sale.
Affiliates or affiliate marketers are rewarded for bringing business either through a purchase or view or clicks by the efforts made by them.
The responsibility of the affiliate is to promote or simply showcase the products of a business with an affiliate program that they have signed up for.
Affiliates then earn a commission based on the agreement with the business.
Affiliates have to do a lot of work in order to convince the target audience to take the action that they want them to.
This can be through marketing on various channels such as social media, email and providing great content on their websites.
Why brands like affiliate marketers?
Brands like affiliate marketers for many reasons.
First, since affiliate marketing is based on performance, if there are no sales, the affiliate marketer does not earn any commission.
Therefore, the cost of sales on the brand is greatly reduced.
And remember, businesses are looking for ways to lower their costs, and if affiliate marketing can help them lower the cost of sales, then they gladly take it.
Affiliate marketing on the side of the brands that own the product has a much better ROI than Cost Per Click (CPC) or Cost Per Impression.
Affiliate marketing gives brands much more exposure or coverage due to the marketing efforts placed by affiliate marketers in promoting their products.
Additionally, it helps create more brand awareness of the products through the effort of the marketers.
How does affiliate marketing make you money?
In affiliate marketing for beginners, you want to learn how you can make money with affiliate marketing.
The truth of the matter is that when you’re just starting you need to put in a lot of effort and have patience.
Affiliate marketing is not a get rich quick scheme.
A lot of hard work from your side is needed.
When you’re just starting, you will make a few dollars per month until you learn the tricks or the ropes of affiliate marketing.
As you stay in the game, you will learn what products or services your audience is most interested in, and then you can tweak your marketing strategies to earn more income.
You make money with affiliate marketing when you place an affiliate link on your website and someone clicks and then completes a required action, usually a purchase.
Once the required action is complete, you will earn a commission based on your agreement with your brand.
The earnings could be in the form of a percentage of the sale, a bonus for a subscription sign-up or a flat fee for generating a lead.
Affiliate marketing beginners always ask how much money one can make with affiliate marketing.
The truth is your efforts and the choice of your niche affects how much you can. Everyone earns differently.
For instance, you will find people earning thousands of dollars every other month, and you might others struggling to make $1 per day.
In affiliate marketing, you need a good strategy that will help drive great results.
You need to keep learning and updated on the latest trends to stay on top of the game and become an established affiliate marketer.
As a beginner, you shouldn’t expect to earn a full time income.
What are the main types of affiliate marketing?
By now you know the concept of affiliate marketing. In simple terms, you get paid for promoting someone else’s products or services.
But how many types of affiliate marketing do you know? And which one is best for you? Here are the main types of affiliate marketing.
1. Pay Per Sale
This is the most common type of affiliate marketing in which affiliates earn when people click on their affiliate links and make a purchase.
In this model, the main responsibility of the affiliate is to drive sales from the traffic you generate.
If you make sales, then you will get paid. But if there is no sale, you don’t get paid.
The Pay Per Sale model has two categories – a one-time commission and recurring commission.
The one-time commission is common among physical products like those on Amazon.
The recurring commission, on the other hand, is common in SaaS products and online services.
In this model, affiliates keep earning a fixed commission every month as long as their referrals keep using the product or service.
2. Pay Per Lead
Pay Per Lead affiliate marketing is also known as Cost Per Action (CPA).
In this model, the affiliate refers visitors to the seller’s site who are required to perform a specific action that is already defined by the seller.
You will find common actions such as signing up to the seller’s email list, downloading an eBook, filling a form, filling a survey, installing a mobile app and so much more.
Once your referral completes the required action, you get a commission.
3. Pay Per Click
Pay Per Click is another affiliate marketing model, in which the affiliate refers traffic to the seller’s website.
Whether the referral bounces back or doesn’t purchase the seller’s product doesn’t matter in this model.
What type of affiliate products should you promote?
When talking about affiliate marketing for beginners, we must look at the type of affiliate products to promote.
There are four different main types of affiliate products to promote.
Each product has its advantages and disadvantages, but this depends on your target audience.
4. SaaS products and online services
Online services and products based on Software as a service (SaaS) offers a great market for affiliates.
These include various tools for email marketing, graphic design, SEO, invoicing and web hosting companies.
When people sign up for these services, they pay a monthly or annual subscription fee to continue using the products.
Many of these products offer recurring commission, thus they can be very lucrative for affiliate marketers.
5. Downloadable digital products
There are so many downloadable digital products that consumers can pay for and instantly access online.
For example, things like eBooks, tools or software, mobile apps, audio/video content.
6. Physical products
Physical products are the most popular product type among affiliate marketers.
Amazon is known for offering affiliate marketing opportunities for physical products.
There is a global shift to eCommerce, and the high prices of physical products make this product type ideal for affiliate marketers who want to earn a full time income from their websites.
7. Online courses
Online courses have become very popular now and affiliate marketers are making a kill out of it.
There’s typically an online course for each niche.
There are online videos too.
Many creators of online courses have affiliate programs where affiliates can sign up to promote the courses and get paid for bringing in students.
As an affiliate marketer, you need to understand that finding the right products to promote is crucial for your business because it will have an impact on both your earnings and brand image.
You have to avoid low-quality products.
That way your target audience will trust you which is good for your business.
You might want to promote the products that you’ve personally used because you know their quality and how they have helped you.
Hopefully, this guide about affiliate marketing for beginners has helped you learn about affiliate marketing and how you can make money with it.
You know why brands like affiliate marketers and the type of products that you can promote as an affiliate marketer.
Please feel free to post a comment below.