Affiliate marketing means the marketing of products and services that are produced by other brands and companies and you being the mediator of those brands, review those products and services to increase their sales, thereby receiving some percentage of affiliate commission from those producers and service providers.
Wikipedia defines affiliate marketing as, “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.”
Series of actions:
It includes the following series of actions:
- Start a blog or website.
- Find affiliate products and services.
- Use and review those products and services on your blog.
- Add affiliate links on your review article or sales page.
- Users purchase through your affiliate link.
- You earn affiliate commission as earnings.
In order to be an affiliate manager, you need to be in a specific blog niche. It is not profitable to write blogs regarding everything and be an affiliate manager.
FInd a niche that has a variety of affiliate products. Niches like technology, travel, fashion, food, etc are profitable niches for affiliate marketing. However, there are affiliate products for every niche and if you have heavy traffic to your blog, you can make a decent income every month with your blog of any niche.
Moreover, your email list helps you to earn more from affiliate marketing. You can send emails about the products to your subscribers (customers) and if they like it, they might purchase.
Usually, micro-niche blogs are winners in the case of affiliate earnings even with less traffic.
This particular blog (blogmeaning.net) can generate affiliate leads for domains, hosting, gadgets, online courses, e-books, and other digital products. There are various other ways that you can use to make income from bogging. But the majority of bloggers’ earnings come from affiliate marketing (around 60 to 70 percent of every bloggers’income).
Here is a list of some profitable niches along with some of the popular bloggers’ income. You can go through their income report page and see how their affiliate income performs.
In this article, I am going to show you how you can choose your blog niche, how you can start a blog, and how you can start affiliate marketing right from today. And if everything goes right, I might get a chance to post a roundup article about your first-month income through affiliate marketing.
Before you get into the stepwise tutorial regarding affiliate marketing, please make yourself sure that you can have patience because it all begins with starting a blog. And, blogging success is not an easy task to accomplish.
I am also into teaching and I find teaching easier than blogging. Many bloggers talk about making passive income through blogging. In reality, you can never earn passive income and blogging is a never-ending process. When you start a job, then every month you are sure that you will receive a fixed salary but in the case of blogging, you need to exercise several months to procure.
Once you start getting traffic, then you are near to making revenue. The money will motivate you later and then you will find blogging more interesting. But in the first five to six months, you must go through trial and error unless you spend huge bucks for paid traffic.
How does affiliate marketing work?
I have already stated that affiliate marketing is a process in which you promote products and services of other brands or companies for a commission. There are five parties involved in affiliate marketing and each of these parties have their own roles:
1. The Merchant:
The merchant is also referred to vendor, producer or creator. That means the one who/ which produces or creates products and services is the merchant. While as a financial term, merchant means a trader.
Merchants can either be a brand like Samsung company that manufactures Android smartphones or individuals like Drake Elvgren who sells e-books related to lifestyle.
If you and I can create products, then we too are the merchants. Want to know how to be a merchant? Then read till the end of this post as I am also covering the topic ‘being a merchant’ in this particular article. You can also earn as a merchant and it can be more profitable than being an affiliate.
2. The Affiliate:
The affiliate is the mediator or manager of affiliate products who review products and help the merchants to get their products sold. An affiliate can review one or more products and services that actually create value for the customers. Then, the affiliates are rewarded with their commission for each of the products sold through their reference.
The commission ranges from a dollar to millions according to sales volume. Affiliates are the ones who actually make business happen. They use strong reviews and maintain clever relationships with their audiences that convert them into customers and convinces them to buy any product.
So, many of the big brands have an affiliate system on their business and these brands rely deeply on their affiliate managers.
3. The platform:
It is the arena through which affiliate products and services are sold out. Platforms can be Facebook fan pages and groups, Twitter profiles, mass media, a blog or a website, etc.
Without having a network of people on your platform, affiliate marketing is almost impossible. Promoting products on platforms other than blogs or websites may not be appealing because convincing people to buy the products need demonstrations, images, reviews, pros and cons about the products and an action button.
That is why blogs perform far better than other platforms to promote affiliate products.
4. The network:
Networks are the bridge between merchants and affiliates. Some bloggers do not consider going through networks but in my opinion, networks are useful to find related affiliate products and manage affiliate payments.
In many cases, affiliates directly pick out products from the manufacturers to promote and in the long run, when they have multiple products to promote from various brands, it is difficult to manage their affiliate statistics and revenue.
Therefore, it is better if affiliates consider using networks.
Some of the popular affiliate marketing networks are;
5. The customer:
The most important part of the system of affiliate marketing business. Customers are the king of the market. They are the ones who purchase the products through your referral links and make you earn actual money.
Customers are everywhere. They are in the comment section, in your email list, in your user list, reading your articles and everywhere. You need to have microscopic eyes to see them (technically).
This is the reason why every blogger reply to their comment queries, responds to users’ emails and craft a good relationship with them.
For every affiliate earners, the concept of ‘The money is in the list‘ applies. If they don’t buy the products, then they are the products. Every single visitor of your blog is adding value to your blog.
If they aren’t purchasing anything, then at least they are increasing the number of your page views.
This is the whole system of affiliate marketing and all five parties must maintain the business ecosystem to benefit each other.
I have created this article piece by piece. Thanks for reading through this long. It would be very kind of you if you can share this on your favorite social media platform. It helps a tiny blogger like me to grow and inspires me to create further helpful articles.
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