Affiliate Marketing: Nowadays e-commerce companies are relying more on Affiliate Marketing instead of Advertising. The reason for this is that it costs less and the profit is more. This gives people like you and me a chance to earn money sitting at home. So let’s know what is Affiliate Marketing, how does it work and how can money be earned from it? And what things do we need for this.
When a company brings a product to the market for the first time, people do not know about it. Therefore, it has to be advertised so that people buy it. But it costs a lot of money, which is later recovered from the customer because the cost of the ad is added to the price of the product. This makes the product expensive and the customer has to pay more money. So what is its solution? Its solution is Affiliate Marketing. How? Let’s understand with an example.
Suppose you launched a product and you went to Facebook to get it advertised. Now Facebook will ask you where you want to show the ad (in which state or country) and who is your target audience? If you say I want to do worldwide advertisement and want to target 2 billion users, then Facebook will ask you for the money of 2 billion users.
But if you want to advertise in India and want to target only 1 million users, then you will have to pay for 1 million users. But the question is, how many people out of these 1 million users will buy your product? There is no surety about this. Maybe 15,000 people buy it, or even 15 may not buy it. But everyone will spend money, whether they buy the product or not.
In such a situation, the people who clicked on the advertisement but did not buy the product, their money is wasted in a way. This is the reason why most companies nowadays are relying more on Affiliate Marketing. Now the question is, what is this Affiliate Marketing? And how can one earn money online from it? Let’s understand it in a little more simple language.
Affiliate Marketing is actually made up of two words – Affiliate and Marketing. Here Affiliate means to join or partner and Marketing means to sell business or goods. So, the direct meaning of affiliate marketing is to sell goods together or run a shop together. This is a method of marketing in which people like you and I join hands with an e-commerce company and sell their products and earn commission in return.
The biggest advantage of affiliate marketing is that there is no unnecessary expenditure of the company in it. Neither do they have to spend money on TV, newspaper or online ad network, nor do they have to pay any money for watching or clicking on the advertisement. They have to pay commission only when someone actually buys the goods. This is the reason why it is very beneficial for companies. And not only for companies, it is also very good for people like you and me (Affiliates) because good money can be earned from home.
Now the question is what are the things required for affiliate marketing? Well, you don’t need much pomp for this. You should have only these three things:
1. Smartphone/PC with internet
To earn money from affiliate marketing, you must have a smartphone or PC with internet. Because this whole business is online, and nothing can happen without internet. So first of all, arrange for a good smartphone or PC and a good internet connection.
2. Audience
The second most important thing is the audience. That is, those people who will buy your goods. For this, you should have a blog, website, mobile app, YouTube channel, or Facebook page. Without an audience, you cannot earn money from affiliate marketing. When there is no one to buy the goods, then who will you sell it to? And when the goods will not sell, then where will you get commission? Right? So it is very important to create an audience.
3. Bank Account
The money you earn from affiliate marketing will come in your bank account only. So having a bank account is very important. If you do not have your own bank account, then it is okay. You can also give someone else’s account number, just keep in mind that in the payee name, write the name of the same person whose account number is given.
So if you have these three things, then you can earn money from affiliate marketing. Now the question is where to get the audience from? So for this you can use your blog, website, mobile app, or YouTube channel. If all this is not there, then Facebook page can also work. You just need to have an audience, then you can earn a lot of money.
Now let’s talk about earning money from Affiliate Marketing. For this, first of all you have to select the companies that provide the right products according to your audience. For example, if you have a YouTube channel where you give information about cameras, then you should choose camera manufacturing companies and e-commerce websites.
Now if you want to get maximum commission on the purchase of every product, then you should choose products whose commission rate is high. That is, from the list of camera companies and e-commerce websites you have made, choose those companies and websites that give the highest commission. Initially, some companies give commission ranging from 100% to 200%, so this can be a great opportunity for you.
After choosing the company, you have to join their Affiliate Program. That is, you have to go to the website of the camera companies and e-commerce websites you have chosen and create your Affiliate Account. Then you have to share your favorite products.
Now the question is how to create an Affiliate Account? For this, a simple form has to be filled. In this form, information related to your audience, traffic and monetization has to be given. Also, bank account details have to be filled for payment, so that whatever income is there, it comes directly to your bank account.
Although, the Affiliate Form of every company is slightly different, but some things remain the same. Like your name-address, audience, traffic sources, monetization, bank details and tax information. Therefore, you have to fill this information in every affiliate form.
Amazon Associates is a great Affiliate Marketing Program, which is present in every country. It is important to choose the right option according to your audience and country so that you get more benefit. If you are a Hindi blogger and most of your audience is from India, then select Indian Amazon. But if your audience is from many countries, then the global version (Amazon OneLink) will be better. Now the question comes, why only Amazon? So there are many reasons behind this:
Now you will ask how to join Amazon Affiliate Program? Or how to create Amazon Affiliate Account?
So for this you can watch this video. In this, you have been given step-by-step information about how to create Amazon Affiliate Account.To earn from Affiliate Marketing, first of all you have to join an affiliate program. After that the real work starts – earning! For this, you have to share the links of the products you want to sell on your blog, mobile app, YouTube channel, or Facebook page. Suppose, if you have a blog and you write a post about VPN, then in that post you can share the affiliate link of VPN. Similarly, if you have a YouTube channel and you review a product, then you can give its affiliate link in the description of the video. You can tell your audience that if they want to buy that product, they can buy it from the link given in the description.
When someone buys the product by clicking on your link, you will get its commission. For example, if the price of a product is Rs 1000 and your commission is 4%, then you will get Rs 40 on every purchase. If 50 people buy that product from your link, then you will get a commission of 40×50 = Rs 2000. In this way you can earn a good amount from affiliate marketing.
Now the question arises, how much can be earned in Affiliate Marketing? There is no definite answer to this because the commission on each product is different. The commission rate is fixed in two ways – either a fixed percentage of the price, or a fixed price.
In most cases, a percentage of the product price is given as commission. But in some cases a fixed amount is also available. For example, if the price of a laptop is Rs 40,000 and you get a commission of Rs 300 on it, then this is a fixed amount, which has no direct relation with the price of the product. At the same time, if you get 2% commission on the same laptop, then it will be according to the price, i.e. 2% of 40,000 = Rs 800.
Now the question is how to earn more from Affiliate Marketing? For this, you have to focus on two things: your audience and commission rate. Let’s understand this with an example. Suppose you have a Youtube channel where you review smartphones and you have 4 lakh subscribers on your channel, who trust you a lot. These people do not buy a smartphone without watching your videos. In such a situation, you should recommend only good smartphones to your subscribers.
If you start recommending clothes or cosmetics instead of smartphones, then it may not be that beneficial. Because your audience is connected to smartphones and for this they trust you. So understand your audience and share products according to them. Secondly, pay attention to the commission rate. That is, promote the products which have a good commission rate more. But this does not mean that in the pursuit of more commission, you start recommending poor quality products. By doing this, forget about the benefit, you may suffer loss and your audience will lose trust in you. So always be honest to your audience.
In this way, through Affiliate Marketing, you can earn money by partnering with any company. There is no limit to earning in this. If you want to sell 200 or 2000 products a day, then there is no restriction. The more products you sell, the more commission you will get. So, there is no limit to earning. If you want, you can earn unlimited money from Affiliate Marketing.
We hope that from this article you have understood what is Affiliate Marketing and how to earn money from it. If you liked this article, then definitely like and share it. And for more such interesting and informative articles, like and comment on our post. So that whenever we publish a new article, you get information about it quickly.
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