You must have heard about Affiliate Marketing. But do you know What is affiliate marketing? And how does it works? And how to earn maximum money from affiliate marketing? If no, please read this article carefully. because in this article, you know everything about affiliate marketing. So, Let’s get started.
Affiliate Marketing
The idea behind affiliate marketing is that you promote other people’s products, through affiliate network. Means, you share product links on your blog, website, social media accounts etc. When someone buys the product through your link, you earn a fixed amount of commission.
It’s based on the revenue sharing model. It means? If you are a seller or company or you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program.
If you have no product and want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate marketer.
What is affiliate marketing?
What if, you could make money at any time, from anywhere, even while you sleep? Yes, it is absolutely right. You can make money while you sleep with the help of affiliate marketing.
Must Read: Internet Marketing : A regular income source for everyone
Actually affiliate marketing is a popular technique to drive sales and generate significant online revenue. It is extremely beneficial to both brands and affiliate marketers, the new push towards less traditional marketing tactics has paid off.
But the question is, what is the meaning of affiliate marketing? And what is the definition of affiliate marketing? Let us know about it.
Affiliate marketing is a tactic of earning a commission by promoting other company’s products. Means, If you promote a product to others, you earn a piece of the profit for each sale that you make. Actually it is a marketing strategy. It is an important part of digital marketing.
How does affiliate marketing work?
The working process of affiliate marketing is very simple. There are three pillars of affiliate marketing.
- Company (Manufacturer)
- Affiliate
- Consumer
The company provides products. For example, amazon, flipkart, ebay, myntra are the most popular e-commerce companies, that provides millions of products to promote.
Affiliates promote the products. For example, you, me and every person, who promote the products. An affiliate joins the affiliate program of a company and promotes their products. In other words, An affiliate shares links of products on his blog, website, youtube channel, mobile app, social media handles and other platforms.
Consumer buy the products. Consumer buy the products and generate money for all. Consumer play the most important role in affiliate marketing. Consumer buy the products and pay money to the company. And the company pay a little amount of profit to affiliates.
This is the simple cycle of affiliate marketing. I hope you understand it. Now, we talk about some top companies, that runs their affiliate programs.
Top affiliate marketing companies
Nowadays, most of companies running their affiliate programs. not only e-commerce companies but also other companies run their affiliate programs, So you can choose your favourite company according to your audience. Here is the List of top affiliate marketing companies, that gives maximum commission to their affiliates :-
1. Amazon
Amazon is world’s largest e-commerce website and there are millions of products on amazon. Many products are undiscovered. Yes, you don’t know how much products are on amazon. It is fully mysterious like amazon jungle. Means, you can find all types of products on amazon.
So, Join amazon’s affiliate program and start earning from home. Amazon is a fully reliable company. It provides millions of products and gives a decent commission on every product’s sale.
2. Flipkart
Flipkart is second most popular company for affiliate marketing. It also has a wide range of products in different categories, and the trust of users. It gives a decent amount of commission to its affiliates.
So you can join flipkart’s affiliate program and start earning from home. Just create an affiliate account on flipkart; complete your profile; search your favourite products; share them on your blog or website and get commission on every sale.
3. Rozarpay
Rozarpay is an online payment processing company, that is popular for its online payment service. According to wikipedia,
“Razorpay is the only converged payments solution company in India that allows your business to accept, process, and disburse payments via its product suite. With Razorpay, you have access to all payment modes, including credit and debit cards, UPI, and popular mobile wallets.”
From : Wikipedia
If you have a financial blog, website, app or channel, where you shares credit card, debit card, digital wallets and online payments related information, then you can join Rozarpay’s affiliate program and earn good commission.
4. Hostgator
If you are a blogger or website owner, you already know about hostgator. actually it is a hosting service provider company. And the most famous and reputed organization.
So if you run a blog or website and share web hosting and domain related information, you can join Hostgator’s affiliate program and make money through your blog or website.
5. Nord VPN
VPN industry is booming. people have become aware. They worried about their privacy. That is why people buying VPNs. And It is a great opportunity for you, if you have a VPN related blog or website.
You can join Nord VPN’s affiliate program and earn money by selling their VPN Plans to your audience. Other VPNs also run their affiliate programs, So you can join multiple companies and earn maximum commission.
How to join affiliate marketing program?
Now the question is How to join an affiliate marketing program? So let me tell you that there are hundreds of companies and every company provides a different form. So you need to understand the basic requirements of an affiliate form. Actually there are some common things in every affiliate for:-
Introduction
It is the most common section, where you need to provide your personal information, like your name, contact number, residential address etc.
Niche/Category
It is the most important section of an affiliate form. In this section you need to tell about your blog/website/app/channel’s niche or category, like financial, educational, e-commerce etc. etc.
Audience
In this section, you need to tell about your audience. Means, Who is your audience? And what they are like? In this section, you need to tell about your followers or subscribers or fans. Please tell everything about your audience.
Traffic Source
In this section, you need to tell about your traffic sources. Means, Where from you get the traffic on your blog or website? tell the source of the traffic, like search engines, social media, advertising etc.
Bank Details
This is the most important section of an affiliate form, because all the amount you earn from affiliate program, credited to your account. So fill every detail carefully. Fill your bank account details, where you want to receive payment.
Tax Information
This is also an important section, so please fill all the details carefully. In this section you have to fill tax related information, like your full business name (as printed on your PAN Card), Tax status and obviously your permanent account number (PAN).
Commission in affiliate marketing
Now the question is, how much commission will I receive from affiliate marketing? or what is the commission rate of most affiliate marketing programs?
So, there is no right answer for these questions. because there are different types of products and each product has a different commission rate. so there is no fix rate. but if you want to know the commission rate of all the products, you can check it on your affiliate company’s website.
Please keep in mind, the commission rate is not always the same. It constantly changing.
Remember, the commission rate is not always the same. It is constantly changing. For example, Last year, Amazon paid up to 9% commission on mobile phones, but according to the current commission rates it is nothing. So before sharing an affiliate link, you should check the current commission rates.
How to earn online money from affiliate marketing?
It is very easy to earn online money from affiliated marketing, but you need a platform, like blog, website, mobile app, youtube channel, social media page (e.g. facebook page, tumblr account) etc. If you want to earn online money from affiliated marketing, you must have these 3 things :-
- Smartphone/Desktop with internet connection
- Loyal Audience
- Bank Account
If you have all the necessary thing, you need to join an affiliate program. like amazon affiliate program. After joining affiliate program, you need to list some products in your affiliated account. like, mobiles, laptops, printers, clothes, fashion items etc.
After listing the products, go to your affiliated account profile and generate links of all products. You can generate, only text links, links with photos, banners and other types of links. After generating affiliated links, copy them and paste on your blog, website, mobile app, youtube video’s description and social media page. that’s all.
Now, if someone buys a product by clicking on your affiliated link, you will get commission.
For example, suppose you share a link to a printer that costs Rs.10,000/- and the commission rate is 5%. Now if someone buys this printer by clicking on your link, you will get 5% of 10,000 i.e. Rs.500/- commission.
How to earn maximum money from affiliate marketing?
If you want to earn more and more money from affiliate marketing, then always keep in mind the following things :-
- Always choose the right products for you audience.
- Share products that are useful to your audience.
- Always choose products that have high commission rate.
- Write relevant and quality content.
- Impress your audience.
- Win the trust of your audience.
- Give some solid reasons to your audience that why should they buy the product you have shared.
If you have done your job honestly, then leave the rest to your audience. Believe me, the audience trusts you and happily buys the products you have shared. So in this way, you can become a successful affiliate and earn more and more money from sitting at home, even while you are asleep.
I hope, you understand, that what is affiliate marketing? how does affiliate marketing work? how to earn more and more money from affiliate marketing? How to maximize affilate marketing earnings?
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