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Affiliate Marketing: Quick Guide For New Affiliate Partners



You may have heard about Affiliate Marketing but you don’t totally understand what it is and how you can earn from it.


You’re probably told you can apply as affiliate partners with Amazon, Clickbank, and Lazada but did not really understand how it works and how you get paid.


So today, we will give you a quick overview of what Affiliate Marketing really is and its advantages compared to other online business models.


Let’s quickly dive in.


Affiliate Marketing Definition


So, what’s affiliate marketing?


Affiliate Marketing is a method of making money online by promoting a product or a service for a business.


It is actually a simple concept in which you get paid on a commission basis for every sale they get through your promotion on your own website, YouTube channel, and social media page.


What usually happens is you sign up for an affiliate program with a company, then, they give you a personalized link that’s only for you which you will then insert on your blogs or articles. Once someone has clicked on the link and successfully made a purchase, you will then receive a commission.


The commission amount can either be a fixed amount or a percentage of the successful sale.


For instance, I have a digital marketing course that you promote on your blog or on your social media pages. Then, someone follows through with your link and makes a payment for the course. You will instantly receive a commission for that as a publisher.


Advantages of Affiliate Marketing Compared To Other Online Business Models


There are various benefits you get to enjoy when you become an affiliate partner to a certain brand or company.



1. No production cost


Don’t want a tiring production process in a business? Affiliate Marketing is your thing. You can work on it part-time or full-time. The choice is yours.



2. Low setup cost


You can basically start with Affiliate Marketing any time, as long as you have already applied for a partnership with your preferred brand or company.


You only need your computer and your internet connection. You can work on it anywhere.


Here’s a step-by-step guide on how to create a budget-friendly blog website for your affiliate marketing business.



3. No fees or licenses to pay


While some affiliate companies like Lazada and Clickbank require you to provide a bank certificate and a copy of your Income-Tax Return, you don’t necessarily have to register your affiliate marketing business locally and pay for yearly fees, whatsoever.


Some affiliate marketing companies also allow you to instantly withdraw your money through your preferred payment channel.



4. Can sell anything


With a lot of affiliate programs available nowadays, you can definitely sell almost anything you like.


If your blog covers a lifestyle niche, then, you can definitely promote any product related to lifestyle and there are a lot of affiliate companies you can partner with for this.



5. No sales process


Since you are only promoting a certain product or service, you don’t deal with the inventory, order processing, and shipping. You just put the image or link of the product out there and when someone buys through your link, you earn a commission.


You don't have to take care of the actual sales process. You just sit back, relax and enjoy while waiting for your earnings to grow.



6. Can work anywhere


Whether at home, at a resort, or at a family reunion, you can definitely take your work anywhere.


No boss, no schedule to follow. You just work at your own pace.



7. Unlimited income


If done right, affiliate marketing allows you to earn unlimited income. Your earnings are only limited by the amount of work you dedicate to your business.




How To Start With Your Affiliate Marketing Business


If you think that Affiliate Marketing is the right business model for you, there are 3 things you need to greatly consider before you embark on this journey.



1. Select the right niche


A business not only thrives because of the strategy the owner employs, but also of the product or service itself.


Is the product marketable? Will it solve a problem? Will it help a lot of people?


When choosing a product to promote or service to promote, you should first clearly define your line of business. What will be your niche?


You have to first identify this one before you jumpstart your affiliate marketing career, else, you’ll sign up with various affiliate marketing companies only to end up not promoting at all.


You will get overwhelmed on which to promote. You will randomly promote products and links without clear goals.


Therefore, clearly define your preferred niche.



2. Partner with the right affiliate programs


As mentioned earlier, there are a lot of affiliate programs available on the web but you have to choose the ones that are relevant to your niche and that you can easily promote.


You have to ensure that the brand, product, or service you will promote under that affiliate program is really profitable.



3. Set a strategy


You don’t necessarily have to implement all the business or marketing strategies you know, you just select a strategy that you think will work best for your affiliate marketing business.


That is why it is important to think of the best approach first. How are you going to promote the brand? Will you go for organic marketing or paid advertising?


Conclusion


Affiliate Marketing does not have to be complicated. You just have to partner with the right affiliate company and get the right tools.



What do you think about Affiliate Marketing? Tell us your thoughts below.



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2 Comments

  1. Very good post about making money in affiliate marketing. Highly informative for beginners and nicely written. Keep up the good work.

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    1. Thank you! We will do our best to provide the most helpful information.

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