What is Affiliate Marketing and How Can it Make You Money?
It seems that everyone is looking for another source of income. Why not right? If you can make passive income on the side of your primary income source, why wouldn't you?
One way that you can make income on the side is through affiliate marketing.
What is Affiliate Marketing?
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.
Affiliate marketing can be seen as the process of spreading product creation and product marketing across different parties, where each party receives a share of the revenue according to their contribution.
There are three main contributors to affiliate marketing:
The Advertiser, The Publisher, and The Consumer.
The Advertiser is the party that allows the product or service to be advertised. For example, Amazon has an affiliate marketing program. Amazon allows site owners to place Amazon product advertisements on their site from which the site owner can earn a commission should a purchase be made directly from the sale.
The Publisher is the owner of the website in the example above. They publish the ad on their website and hope to make a sale from the ad. The best way to get people to click and buy is by creating captivating content that drives people to the website. If they find the website because they are in need of what is being sold, they will be more likely to make a purchase as a result of the ad.
The Consumer in this example is obviously the person making the purchase from the website. If they search for "wrenches" and a post about the best wrenches comes up with affiliate links, the consumer can make a purchase based on the information they received from the website and even from the affiliate link.
A real life example of an affiliate marketing site can be seen at www.BuildingSupplyAffiliates.com:
A site like this uses SEO to drive people to products that they may be searching for in hopes that they will use the links to make a purchase.
When someone does make a purchase, the site owner makes a commission without having to do anything to fulfill the order.
Pretty sweet, huh?
If you are interested in a site like this, contact us. We would love to help show you how to build a site like this.
It takes a lot of work up front, but can be a nice scalable, passive income stream if you do it correctly.