This is our new kind of posts, which we would like to call an “Academy”. In these, we’d like to give you useful information about Affiliate Marketing, so you could become rich without having to learn on your own mistakes.
And, without further ado, let the class begin! Today we cover the basics. What is Affiliate Marketing?
The definition given by Pat Flynn’s Smart Passive Income is “Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.”
So, to put it simply, Affiliate Marketing is about promoting products or services and earning commissions from the merchant.
There are 4 parties involved:
The Advertiser, who creates and sells the product/service
The CPA Network, which offers a catalog of different products to the Affiliate
The Affiliate, who monetizes his traffic on an offer
The Customer, who uses the product and gives money for this system to work
If you want to make some income, then you would probably want to be the Affiliate. What you want to do is get an offer from The Advertiser/The CPA Network and then set up a banner (or another type of AD) and a link on your resource. Of course, for everything to work, you’ll also have to have a steady stream of customers - the traffic.
Of course, traffic should fit your offer - for example, you probably shouldn’t try to sell women’s dresses in the USA if your traffic consists mostly of 45+ males from China. There are different kinds of offers, which work for different countries (GEOs) and audience. For example, Affmy focuses on a Dating vertical and we have offers worldwide.
Basically, that’s about it - to be a successful Affiliate, you should have a resource to promote other people’s offers on, then you have to carefully choose the offer to promote and then just start promoting and getting passive income. Of course, you can promote several products in different countries, all at once - and if you do everything correctly, you’ll get rich easily!
Good luck! We hope you enjoyed this article and already wait for the next one!