How Affiliate Marketing Works – 5 Minute Training
Today I’ll share with you the basic information about how affiliate marketing works, in a 5-minute fast read.
You will learn what is affiliate marketing and how it works, also how you can become an affiliate marketer, what are affiliate programs and affiliate networks, and of course the most exciting part, how you will get PAID.
Without further ado, please enjoy your fast read!
How Affiliate Marketing Works
First I will start by telling you what it is…
Affiliate Marketing is a way for a company to sell its products by signing up individuals or companies (“affiliates”) who market the company’s products for a commission.
Now that you have a general idea I will break it down for you…
Affiliate marketing has three entities:
- an affiliate (you)
- an affiliate program (the company/product owner)
- a customer (the buyer)
The idea is very SIMPLE…
You (the affiliate) you can join an affiliate program and this will give you the ability to promote any product/service within that program. After you join the affiliate program you will receive an affiliate link (a specific URL that contains the affiliate’s ID or username).
As an affiliate when you send someone from your website through the affiliate link to the product or service, you will earn a percentage commission or a flat rate sale. This can be any ware between 1% – 75%, depending of course on the company or service that you promote.
I will give you only two examples, from many others on the market:
- I personally promote the Wealthy Affiliate platform, and I get $8 for the first month $19 special offer, then $23.50 thereafter.
- Amazon Associates is the largest affiliate program, where you can choose literally anything from their website to promote, and you will get any ware from 1$ – 10$
Who Can Become An Affiliate, Is It Free
Literally, anybody can become an affiliate, as long as you have a laptop/desktop and internet connection. So, to become financially independent and to have your online business, you need the same two ”ingredients” that you are using on a daily basis, and…
Just search around the web, and you will find at least 100 potential products that you can promote and after to earn your commission. All you need to do is to sign up as an affiliate and give VALUABLE information about what you choose to promote.
Remember, to be successful you need to be in the business of HELPING people!
Affiliate Programs, How They Work
An Affiliate Program is, in essence, a piece of tracking software that allows affiliates (you) to promote merchants (the company) and earn a commission.
Affiliate Programs Benefits:
- will track all clicks, all sales transactions, and calculate all commissions
- will allow you to manage your payments
- you get promotional materials such as banners and widgets
As you can see the system is very well designed and is getting more and more advanced.
Now let’s move forward to affiliate networks…
Affiliate Networks, How They Work
An Affiliate Network is a grouping of affiliate programs under one company.
For you to understand what I’m saying, imagine an affiliate network like an umbrella, and under this umbrella, you can promote 1000 different companies and their products. Basically is a more organized and efficient work environment.
This are some of the most popular Affiliate Networks:
- Amazon Associates
- Ebay Partners
Once you get to understand the affiliate marketing world, I recommend to sing up for an affiliate network, because you will find much easier to promote products and services under one umbrella.
Now let’s continue with the most exciting part…
Have Fun And Get Paid
I will start by telling you to have FUN first, and NOT overthink the process. Just be your self and try to help as many people as possible by giving the right information. Is as simple as that.
About the financial aspect is even easier because once you get to understand the process, you will see that you will work once and after that, your work will create a passive INCOME for you.
Bear in mind that an affiliate program or an affiliate network have different ways to PAY you:
- Bank Wire
- Cheque Payment
The US dollar is the most common currency that will be paid with but of course not the only one.
Now You Know
My friend, this was the 5-minute training in the affiliate marketing world. I truly hope now you have a better understanding of how the whole process WORKS.
Considering that this article was designed to be read in 5 minutes I won’t keep you longer, but please have an open mind about the Affiliate Marketing world because CAN and WILL change your life in so amazing ways !!!
I encourage you to leave below, your opinion or ANY questions you have, about Affiliate Marketing, and I promise to get back to you as fast as possible. I truly believe that if we combine our knowledge, we can be a lot more SUCCESSFUL
Note: If I convinced you to give it a GO, please check my article about the =>>Wealthy Affiliate Platform, where I am proud to be a Premium Member.