How To Start Affiliate Marketing In The Right Way step by step In 2020

Everyone becomes happy when they see money is credited to their bank account. A working person gets happy when his/her salary is credited to his/her bank account.

Affiliate Marketing! 

I think you must have heard this term at some point in time if you frequently research on earning money online, starting an online business, etc. But have you ever wondered what exactly is Affiliate Marketing?

But everyone wants a passive income. Basically, passive income means where you build an income source where you don’t work but still you generate revenue every month. Whether you are on a vacation or just relaxing on your couch, your passive income model is generating revenue for you.

In fact, out of 100 people, 75 people choose Affiliate Marketing as their first online business as it doesn’t require any investment and you can just start it right now. So let’s dive deep into the topic and understand what it actually means.

Definition:

Affiliate Marketing is basically a process in which you market someone else’s product and in return, you earn a commission from the product owner. Sound’s simple right!

There are a lot of businesses that sell products whether it is physical or digital products. Earlier the business owners used to hire marketers who would go to people and tell them about their products and sell them.

But the downside in this process was that:

  • It was expensive
  • The reach is not enough as expected.

So the companies made a new system where they asked people to become their affiliates free of cost, where people would promote their products, and in return, they would get a commission.

In Digital Marketing, Affiliate Marketing is by far the easiest and the best way to earn money. You just have to give a link of a product to the people who are interested in buying the product. Then, when people buy the product through your link you get a commission from the actual price. In Digital Marketing there are a number of ways where you could pitch the products to the customers and you can earn through that.

Some of them are:

  1. Make a Blog on a particular niche and sell products on the blog related to your niche.
  2. You can do SMM ( Social Media Marketing ) where you could pitch the products to your followers across different social media platforms.
  3. You could create an Affiliate Marketing Funnel, where you could sell your affiliated products.
  4. You can do Email Marketing, where you could send your email subscribers affiliated product links and convince them to buy the products.
  5. You can also start a YouTube Channel where you could review a product and give the affiliate link in the description so people could buy the product easily.

Types of Affiliate Marketing:

 

 

1. Pay Per Sale:

This is the standard way of how Affiliate Marketing works. In this, you promote someones else product and when a customer buys that product then the product owner gives you a commission from the actual product price. This how normally most of the affiliates work.

2. Pay Per Click:

This is another way of Affiliate Marketing where the affiliate marketer is paid when someone clicks on his affiliated link whereas in standard affiliate marketing, whenever someone buys the affiliated product through the link then the affiliate marketer is paid. This Pay Per Click affiliate marketing is basically done to redirect the user to the merchant’s website in order to increase its traffic.

3. Pay Per Lead:

This is another way of Affiliate Marketing. This concept is a little complex and hard to understand, but let me make you clear in this. Basically, a Lead in Digital Marketing means when you redirect a customer to another website and get a task completed, then a Lead is generated. Similarly in this Affiliate Marketing system when you send the customer to the merchant website and when they finish a call-of-action like filling a form, subscribing to their email list, etc.

How does Affiliate Marketing work?

 

Affiliate Marketing works on the basis of tracking id. Whenever you generate an affiliate link from a particular website. The link you get has your unique affiliate tracking id. SEE, the affiliate websites get a lot of sales on a daily basis. So it becomes hard for them to know who made the sale and whom to give the commission. To tackle down these problems, every affiliate link has your own unique tracking id which the company provides you. So whenever you make a sale they would know and give you the commission. It’s simple!

Top 5 Best Affiliate Networks You Can Join Right Now:

 

NOTE:

There are a lot of companies that offer affiliate programs. You can even go to a very micro niche in affiliate marketing. You can even find some companies that give affiliate links on a single product. In today’s time, you could literary find affiliate for any product you can think of. Just fo to Google and type the product you want affiliate for along with affiliate word. DID NOT GET IT!

Let me give you an example. Let’s say I want affiliate for bitcoins. So I go to Google and search for ” Bitcoins Affiliates “

 

As you can see in the above image, when I type ” bitcoin affiliates “, a lot of websites showed up who are offering affiliate programs for bitcoins. You could go to their website and sign up for them. In the same way, you could find affiliate programs for any product you want to promote.

So the top 5 Affiliate Networks are:

 

1. Amazon Affiliate Program:

This is by far the most popular affiliate program. Since Amazon is a great place to find all the products, they offer an affiliate program where you could promote any product of amazon and if someone buys that product through your affiliate link, then you get a commission. There are a ton of products on Amazon that you can promote. There are different commissions on different products. You can click here and check out their affiliate program.

The only downside I find here is that the commissions here are very low as compared to other affiliate programs and also the rules are a bit strict. So if you break any of their guidelines then you account might get banned.

But nevertheless, this is a great affiliate program to get started in affiliate marketing, and the chances of buying the product increase as Amazon is trusted by many people around the world.

2. Clickbank:

This is another very popular affiliate network. It is highly recommended by most bloggers. It offers a ton of products that you could promote and earn money through it.

I really like this affiliate network as they approve of you really easily. You don’t need to have a website/blog to apply for this affiliate. You could do that right now. Also, the commission they give is really high and you can earn a lot of revenue by promoting their products.

3. Commission Junction ( CJ ):

This is also a really nice affiliate network to get started in affiliate marketing. They offer a wide range of products that you can promote and earn money.

Approval is also really easy here and the commissions you get are also really good.

4. JV ZOO:

This is also a really nice affiliate network to get started in affiliate marketing. They offer a wide range of products that you can promote and earn money.

Approval is a bit difficult here. You need to have a website/blog with decent traffic. The commissions you get are also really good.

5. Shareasale:

This one is the same as the above ones.

This is also a really nice affiliate network to get started in affiliate marketing. They offer a wide range of products that you can promote and earn money.

Approval is also really easy here and the commissions you get are also really good.

Conclusion:

In the end, I just want to say that in today’s time there is a huge opportunity in affiliate marketing and it all depends upon how much practice you do and how much time you devote to it. There are affiliate marketers who earn more than $10,000 every month just from affiliate marketing. Try out the websites I talked about in this article and make your first income.

Just get started.

Good Luck

“The secret of getting ahead is getting started.”

– Mark Twain

Hello everyone, myself Aniket. I am a Blogger and a YouTuber
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