If you are also Blogger, YouTuber, Video Creator, Writer, Influencer or you are Active on any Social Media Platform, and want to earn some income from it. Then, I will recommend you to learn more about What is affiliate marketing.
So, you can make Money through Affiliate Marketing. Then, you will ask me, is that Possible to make money from the Internet through these Platforms. My Answer is yes, you can Earn Money from these Platforms through Affiliate Marketing. In this Article, I will guide you about, What is Affiliate Marketing.
When I had started a Blog, I was aware of Affiliate Marketing and eager to know more about the method of Affiliate Marketing and how does it work. After, Reading many Articles and watching many Video, I would able to implements to my blog site. Allow me to Share you about Affiliate Marketing.
Below is an example of Affiliate Marketing, where I am promoting the Hosting Products of Bluehost because I am using the Bluehost Hosting Services and find excellent services and product which help my blog to run very good traffic to the blog post, which led to earning money from it.
What is Affiliate Marketing?
Affiliate marketing is one of the oldest forms of digital marketing wherein you refer someone to any online product and when that person buys the product based on your recommendation, you receive a commission.
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. – According to Wikipedia
The commission of the refers varies from 1$ to 1000$, depending upon the product and services you may help them to sell out. The commission totally depends upon the affiliate has decided.
If I am not wrong, we do affiliate marketing on a daily basis in the form of providing a suggestion. For Example, you have gone to see the Movie, which you find very good. You suggest your friends and family see it. These are called Affiliate Marketing in Internet World.
How Does it Work in 2020?
Since Affiliate Marketing works by dispersing the responsibilities of product marketing and production throughout parties, it succeeds to leverage the skills of many different people for a more successful marketing strategy whilst providing subscribers with a share of their gain. To make this work, Three different parties are involved in it.
- Affiliate Website
- Affiliate Network
- The Buyer
Let me allow to elaborate the Terms and the Relationship between the Parties. That will be much easier to Understand about What is Affiliate Marketing.
Affiliate Website (Seller or Product Creator)
The Individual or Companies who want to Promote their Products and Services is called an Affiliate. The Website which offers the Service to Promoted is called Affiliate Website. The website should be own by themselves or the Third-Party website.
Example, The Individual or Company want to sell their Products in Online Market. They have their website on which they sell their products and having a feature for Refer and get Commission. Else, The Individual or Company places there product on other Marketplace and get sold. Best Marketplace in India is Amazon, Flipkart and much more.
Affiliate Network (Publisher)
The Publisher is those who Promote the Products on their Website, Youtube, Social Media Platforms and much more places to generate the Sell.
Basically, They Create Account of the Affiliate Website and get the Unique from them to Promote and Sell the Affiliate Product in their Subscriber or Visitors.
As above, I have placed Bluehost Affiliate Link to my Blogpost, then in this scenario, I am the Affiliate Network or Publisher.
The Buyer (Customer)
The Buyer who has got the Trust on the Product and Purchased it which is Promoted by the Seller or Publisher. The Buyer is the End-Customer who is going to get the Benefits of that Product.
The Commission (Passive Income)
The Commission is the Outcome of that sale which is Generate by the Publisher through which reference buyer has purchase the Seller Product. To gain the Commission, Every Affiliate Website has its Own Terms & Conditions, which is going to defer from each other. As I had mentioned, the Commission must be any Amount which is fixed by the Affiliate.
If you really want to Earn Passive Income from the Internet, Affiliate Marketing is the Best way to go into it. As the Scope of Digital Marketing is increasing the Scope of Earning Money from the Internet. I hope you all have Understood about What is Affiliate Marketing and Mechanism of Affiliate Marketing. We will share you more details about the Affiliate Marketing in future.
Meanwhile, you would like to Learn More About Digital Marketing.
I hope, we have made you understood to What is Affiliate Marketing. If you still need any help, ask us in the comments. I will glad that I can answer your Questions. Please Share this Article with your family and Friends, it will help them to earn money from online.