What is the affiliate marketing and why these days it is so easy to find this term? You may wonder what that affiliate marketing is, and after some searches, voila! You are here with that in mind. To be briefly explained, it is a kind of marketing that employs a person or more (further called as affiliates) to promote a certain product or services. Of course, these affiliates will get rewards for their performance in marketing because why bother promoting a certain product if there is no rewarding profit, right?
Understanding what is the Affiliate Marketing in Easy Way
No one will be blamed for their effort to collect money. It is for their living, after all. However, when people say affiliate marketing can be your next well for bucks, you can start to ponder how to start if you don’t even know what is the affiliate marketing.
An example of affiliate marketing
Well, it is rather useless to explain it with an example since you probably have known it well. But better read it twice, and take it as a kind of reinforcement. Let’s say, your friend is making shoes and selling them for a living. But his channel of marketing is too few – hence you are helping him to promote it for, well, a buck or two per successful purchase. That’s a simple explanation of affiliate marketing.
How does affiliate marketing work?
To put it short, if you are applying to become an affiliate marketer for a certain product, you will need to promote that product by making contents that, in the end, will link the viewers/readers on the product you are promoting. To make your content stand out is your main job. It is because of your content stands out and gets into the heartbeat of your content spectators, chances are your content will win the commission as the consumers find the product/service’s consumers through your content.
How do they count the commission?
There are two ways of making commission out of affiliate marketing. They are Cost Per Acquisition (CPA) and revenue sharing.
• Cost per Acquisition
If the affiliate programs offered you this, it means there is a certain percentage of money will be handed into your account for making deals happen. Let’s say, if you are helping them to make $200 and the cost is defined as 10%, you will be making $20 out of it.
• Revenue sharing
Revenue sharing is the same with cost per sale. You don’t have to make a certain amount of money beforehand as in CPA system, as here you will be paid after every purchase is done with you as their affiliate. This system is widely used as it is easier.
Mega online retailers like eBay and Amazon use this system for its affiliate marketers as well. As an example, let’s say a customer buys a product after reading your content. No matter the price is, you will get this predefined commission for escorting the customers to purchase the product/service offered.
Becoming an affiliate marketer
You might be interested in being a marketer after knowing what is the affiliate marketing. There are many websites offering chances to become their affiliate marketer. Some people make it as their side hustle only, but some may make it as their main source of living.
Well, try to find a product that is preferred by many people and with that comes a considerable share for you. Then, you can start reviewing the product on your blog. Of course, you will need to attach the link to connect your reader to the site that sells the product.
If you are dreaming on getting more bucks, knowing what is the affiliate marketing and applying it may help you to get that. Also, try to read examples of blogs, videos, or any contents which includes promotion inside. That way, you can grasp an idea on how and what content you should make.