What is affiliate marketing and how does it work?
Affiliate marketing is one of the simplest and easiest jobs we have ever experienced but what is affiliate marketing and how does it work? , How much we can earn from affiliate marketing? . We shall seek answers to such questions in this entire post.
What is actually affiliate marketing?
In simple affiliate marketing is nothing but promoting other people's products everywhere you can. You may require a blog or a website sometimes. Affiliate marketing helps you generate passive income which means you can generate revenue while sleeping too.
How can we make money from affiliate marketing?
A quick answer to this question is- By promoting other people's products. You can earn and generate income by just promoting products and you will get some commission on each sale and hence it will result in profit.
How does affiliate marketing work?
Affiliate marketing can be considered a system. In this system, 3 parts are most important. The 3 are- Merchant, Affiliate, and the customer. Let's discuss in detail each of them-
Merchant - He/she is the creator of the product who also sells and is often called a vendor. This is the main party in this whole system as it gives birth to the objects or it may be a big company such as - Samsung, Apple, etc. They don't have to directly involve in this whole process but they must have a product to sell. Rest they can leave on an affiliate and he will manage the whole thing.
Affiliate - This is the party which is also called the publisher. They can be an individual or a whole company. They effectively promote other people's products so that the customer ends up buying those products and generating a good commission. They may create a website/blog for selling those products and reviewing them hence influencing customers.
The customers/ consumers - This is the party on which affiliates are completely dependent because if there would be no sales the affiliates couldn't generate any commission and hence they even can't share their revenue. Whether a consumer knows or not he is a part of affiliate programs. It's completely dependent on the affiliate whether he wants his customers to know that this is an affiliate program or not. Some of them may become transparent and inform their audience about their affiliate program themselves.
How can we effectively do affiliate marketing?
The answer to this question is- By building a huge network.
Most people don't consider a network as an important part of the above system, but the network is another key factor in an affiliate's life. The reason why a network is important is that it helps the affiliates and merchants to meet up hence acting as an intermediary between them. There are various networks such as Clickbank, teachable ( which we shall discuss later in this post ) which provide products easily to promote and handles our revenue.
Which are the affiliate programs that pay you good commissions?
After reading this article till now a question might be stuck in your mind that which are the greatest affiliate programs that pay you a high-recurring revenue and a good commission per sale. So here is the list of Top-5 affiliate programs that pay you an awesome commission -
Shopify affiliate program
If you own a business that mostly runs online you must have heard about Shopify. Shopify is a great platform for making e-commerce or business websites. It also pays you a crazy commission which is great for affiliates. Firstly Shopify pays 100% commission to its affiliates for 1 and 2 sales. There are various plans from basic to advanced and you will receive more commission for the much higher plans that Shopify offers.
SEMRush affiliate program
SEMRush is an all-in-one platform that is trusted by millions of people. It offers various services such as SEO toolkit, Paid traffic, etc. It's a great platform for businesses and individuals as they can do even keyword research here. Talking about its commission system, it offers a good commission rate. It gives us a 40% recurring commission each month. If we sell a basic plan of SEMRush which is pro we get $39 each month the user stays active. If we sell another plan which is guru and business then we may get up to $159 per month.
Click funnels
Click funnel is a platform that generates sales funnels and people can earn from it by optimizing their sales funnel. It also gives us a 30% recurring revenue per sale. There are 3 plans offered by click funnels. they are basic, intermediate, and advanced. As usual, you will get much commission on an advanced sale as you will get less commission on a basic sale as compared to advanced.
Siteground
As the name suggests, Siteground is a web hosting platform that is user-friendly and provides a nice user experience. Let's talk about its affiliate program. Siteground follows a different way to provide a commission to its affiliates. In Siteground you will get an increased revenue which means that you will generate more revenue if you refer more people. If you get succeeded in selling 20+ hosting offers then you will get a customized revenue that will be higher than $100.Overall Siteground is a great platform for all the affiliates.
Teachable
Teachable is a platform where people create and sell their courses about many skills. Teachable also offers a good commission plan. They give us a 30% commission per sale which is a bit good. Teachable is similar to udemy in providing courses and quality. You can get a commission from a range of $8-$75 which is good revenue.
Overview
Affiliate marketing is a nice job and doesn't require much hard work and qualifications. It is an ideal option for those who want to generate a passive income. You can also opt for it if you are an active social media user. We hope you found this article helpful.
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