First of all understand What is Affiliate Marketing and How does it work?

 

What is Affiliate Marketing?

“Affiliate marketing is a method by which you promote other people’s (or company’s) products.and if someone buys a product from your affiliate link, the company pays you a commission for each product sale”

And the best thing for an affiliate marketer is that neither time is spent nor money to make the product. The company has affiliate programs for you, select the company’s product and promote it on your website, email, social media even podcasts, as soon as you can start making money.

All you have to do is bring more traffic to your website with quality content whether it is through

• Organic reach(Search engine optimization)

• Pay per click (adwords, Bing, yahoo)

• Social media(Facebook, Linkedin, Twitter, Instagram, Quora, pinterest, Redit)

• Email

• Podcasts

• You tube

Drive traffic through that product’s link for more conversions to get more commissions.

How Does Affiliate Marketing Works?

Affiliate marketing structure

Wikipedia talks about the 4 major key players in the industry

• Merchant:–Product owner or business that wants to sell a product or service over the internet.
• Network:- Program or network acting as the middleman between the merchant and the affiliate.
• Publisher:-Person or business that helps advertise and promote merchant’s products through a website a blog, email, Pay per clicks ads, social media or podcast.
• Customer:- Any customer who purchase any product through affiliate.

Affiliate marketing depends entirely on revenue sharing

If a company wants to increase sales of its product, it starts affiliate marketing programs and pays commission to affiliate marketers to promote or sell their products.

Traffic + Clicks + Conversion = Revenue

But instead of 4 others, 3 talk about the key players of the industry.

Here are three key players of Affiliate Marketing

• Advertiser

• Publisher

• Consumer