WHAT IS AFFILIATE MARKET


WHAT IS AFFILIATE MARKET


Hey everyone this is Nitin from DailyTalks and in this article i'm going to explain to you what affiliate marketing is? and break it down into plain easy-to-understand English for dummies 

Now affiliate marketing is the process of earning a commission by promoting someone else's product or service. Okay so by you promoting someone else's product or service by using what is called an affiliate link okay which is a link that you can get from a company a product the service someone clicks on that link and then go ahead and buy you can earn a commission from that. 

The way that it works is? :

Now the way that it works is? there are many different affiliate programs out there most companies, most products, most services they have what is called an affiliate program and the affiliate program is basically a program they have that give other people the ability to join for free and promote their product and earn a commission. 

Okay so when you join an affiliate program you'll get what is called an affiliate link okay which is a special link that will allow you know the company to track to see which sales were produced by you, who clicked on your link and went ahead and purchased so that they can track that and make sure that you get paid for promoting the product. 

Okay so with technology, with the affiliate links it's pretty accurate it's about like 99% accurate of course there are some circumstances where things might not be tracked perfectly but for the most part you get it you get a commission for promoting that product. 

WHAT IS AFFILIATE MARKET

Now affiliate marketing is a great thing and the reason why it's so valuable to get started with online is because you don't have to create a product, you don't have to create a service, you don't have to be the expert, you don't even have to really sell the product because basically what you're doing is you're sharing a product or service with people that you might know family members, friends, your lists or subscribers or followers whatever might be you're sharing a product or service with them or you're endorsing something and when they click the link they're going to go to the other person's website for the product or the service and that's going to then sell them on the product or service. 

You know they've already done all the marketing for it, they have the customer support, they have the delivery of the product and so for you basically just get paid by sending traffic someone else's way by sending people, your visitors, your subscribers, your whatever it is just by sharing and then you make money in exchange for that and affiliate marketing is always a win-win for everybody involved. 

It's a win for the company because the company has now acquired a customer or a sale that they previously would have never gotten if it wasn't for you it's a win for you because you've got to earn money and a commission with doing very little effort because you didn't have to come up with the idea, you didn't have to take the risk, you didn't have to invent something, you didn't have to be the expert, you didn't have to spend all the time the money to create all the marketing the website all that sort of stuff and you get you know you easily get paid just by leveraging you know your subscribers or followers or list or traffic in some way and it's a win for the customer because the customer now gets to benefit from the product or service they get a benefit and hopefully the product you know solves a problem meets their need helps them out in some way. 

Okay so you know affiliate marketing is a great thing every successful business owner that I know of they leverage affiliate marketing because it just makes sense if you've got a business selling supplements let's say you know master expertise then it makes sense to maybe find information products or digital products that can complement that you can also promote and earn money from or maybe you know if you have an audience of people that are in the health and fitness you know maybe you're not going to invent a blender like the Vitamix and you can just enjoy their affiliate program and promote their blender instead you know maybe there's fitness equipment you know that you don't want to invent and create like p90x or insanity or Beachbody and now you can just join the affiliate program and earn a commission from that or maybe there's something complimentary that you can promote earn a commission from that. 

WHAT IS AFFILIATE MARKET

So basically what it is is you're partnering your joint venturing with other businesses and companies and it's incredible thing and your whole job is an affiliate your whole focus is just getting traffic, getting visitors, getting subscribers right and you know is it you only have to focus on that to start with and you know eventually if you choose you can create your own products if you want your own services but I feel like marketing is just a great way to get started because you don't have to take any of the risk right you know creating a business and creating a product or an idea can be very risky you might fail, it might not work out, it might you know cost you a lot of money, a lot of time you got to have customer support there's a lot of overhead and expenses that are involved with that whereas if instead you just build and focusing a blow-up focus on building a blog or a YouTube channel or a Facebook page or Instagram or snapchat or you focus on one you know are a few streams of marketing to attract people to you. You can then easily funnel people into other people's products and earn a lot of money by doing that. 

Okay examples of affiliate programs are like Amazon. Amazon is the number one online retailer and Amazon has an affiliate program called Amazon Associates and anybody can join it it's free you basically you go to amazon.com slash associates and you could do a Google search word as well but you sign up you join and then you basically now can promote any product on Amazon we're never product you decide to promote they'll give you a unique affiliate link which is a special link just for you that you're going to use to put it on your blog then put it on your Facebook you can put it any email you can put it on Twitter, you can put it on YouTube you use that link let's say you know for a TV or something like that and when someone clicks that link and they go and buy you earn a commission from that. 

Okay and every affiliate program is different you know it with Amazon for example because it's physical products they'll give you five to ten percent commission it starts off you know and then it slowly goes up as more products that you sell amazon's affiliate program though it should pay you for every product that someone buys within 24 hours after clicking your affiliate link so for example if someone buys a TV right they buy a couple thousand dollar TV you're going to earn a five to ten percent commission on that but also people they don't just buy one thing they're going to maybe buy a wall-mount, they might buy you know an apple, they might buy PlayStation 4, they might buy you know DVD player, and stuff and so you'll earn Commission for all those additional products that they buy within 24 hours which is pretty cool. 

WHAT IS AFFILIATE MARKET

eBay has an affiliate program there's affiliate networks where you can actually look at a whole marketplace of products that you want to you know promote and earn a commission from you know so most most products there's affiliate programs for I haven't come across too many where there's not um which is just really cool because you know you can share things that might you might have benefited from or help you or can help other people and you can easily earn money and a commission from that and again without having to take all the risk and without having to try to sell someone. 

You know a lot of people don't like to sell in fact you know I've been able to build a very successful online business and affiliate marketing is one of the top streams of income that I have in my business and I've been able to earn millions of dollars just by promoting other people's products and it's always a win-win because I create and sell my own products but it's a lot of time you know takes me months and a lot of money and time and energy to create my own product right so it's not you can only do so much of that whereas affiliate marketing means that I have people that follow me online, I've got subscribers, I got traffic, I got visitors and there's things that benefit me why not share that with other people, why not share a product or service that's helped me in my life and earn a commission and doing so and so again it's a win-win for everybody involved you know and other people get to support you in that process too which is really cool. 

so lets take an example you know I've got a Vitamix blender which is a $500 blender I love it, I use it every day make my smoothies they have an affiliate program they'll pay I think 15% Commission which is I think you get paid like 70 bucks and I can create a video, I can create content, I can share people and if they click the link and they decide to purchase I get commissioned for that which is really cool you know or maybe the personal equipment people always ask hey what equipment do you use well there is the one that I use and here's a link and you go click the link and you buy I can earn a little commission from that so it's a really cool process because I didn't have to invent the equipment, I didn't have to invent the Vitamix, I don't have to ship it, deliver it, do all the stuff involved with it again it's working smarter and it's leveraging. 

Now there's a few things to be aware of when it comes to affiliate marketing i.e. everything is usually tracked through an affiliate link in some cases it could be maybe a coupon code or something like that to help track because you know if you send someone to someone else's website and they purchase there's got to be a way to track that it's going to be a way to verify that that person purchased because of you so that you can get compensated for that and so what is often used is an affiliate link which is again a link that's unique to you that you can use in your marketing that people click through and they go ahead and purchase. 

The affiliate link has a few flaws to it and it's very minor but it's important to be aware of so for example let's say that I have an affiliate link and you click on my affiliate link and let's say that you decide to know you go to the website you decide not to purchase just yet and you decide you're using Google Chrome browser let's say and then you just decide to use a different browser you know you decide to use Firefox well if you buy from a different browser and it's not tracked to my affiliate link then I'm not going to get a commission for that. 

Okay so that's something that can occur or something because what happens is something clicks the affiliate link there's what is called a cookie that's placed on their computer on their browser and it's going to track based on that so someone clears their cookies or trash in their browser then you know the tracking will disappear or someone uses a different browser let's say someone goes to the website and they want to think about it and then instead they use their iPhone or their iPad or whatever they buy that way then again it's a different device so it's not tracked perfectly there so you can miss out on a few sales and commissions. 

If that happens that's a potential downside is really minor though it's not a big deal but it can't happen and the other thing to be aware of which is actually a really great thing is that like I said when someone clicks on an affiliate link a cookie is placed on their browser and that will track usually for up to 30 days some might be 60 days or longer and others like Amazon they track within 24 hours so what that means is that if you click on my affiliate link and you go to the product and you decide that you don't want to purchase it just yet you want to think about it you want to do some more research and then you decide ok you know and you want to buy it you go back two weeks later three weeks later you decide to purchase well as long as that cookie is still on your browser I'm going to get credit for that sale even though you purchased third you know 30 days after clicking my affiliate link so that's a really cool thing because you know some people might not buy right away and you can still earn a commission from that. 

WHAT IS AFFILIATE MARKET

Now there's another little bit of a flaw when it comes to affiliate links is that let's say that somebody clicks your affiliate link and then they decide to do research and then find someone else has a video or a blog post and they have an affiliate link and they click on their link after clicking on yours well then they're going to get the commission for that because it's based on the last click right the last. The last affiliate link that that person clicked so that's a little bit of a flaw as well it's hard to prevent that things like that can occur and there's actually a some more advanced strategies of what you can do to get around that you know I you know other things that I teach and stuff but that's basically how affiliate marketing works and I love it you know it's a great way to make money uh you know I've done very well as an affiliate because in some cases I'm not the expert in certain things or I don't have you know I don't have all the answers and so I can refer and share to other people that do and I just you know certain products that I buy and invest in and they have affiliate programs and I can share that people and earn a little commission from that too as well. 

And I think one of the best benefits of affiliate marketing by the way one of my favorites is that you can use a lot of the things that you're purchasing as a business expense and so you can write it off and you can pay less money in taxes at the end of the year because any cost that's incurred for business to make more money is an expense for that business so for example you know buying a Vitamix blender you know that's a 500 or blender I can have my business pay for that I can we use that as a business expense because I'm an affiliate and I promoted the blender and I've earned money in doing so. 

So you know it gives you the ability to write off a lot of things so you might have and that's one of the amazing benefits of doing affiliate marketing and having an online business so hopefully this has been helpful for you. Thank you so much for reading this article make sure to subscribe my blog.
 

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