What is Affiliate Marketing, how to do it and its advantages and disadvantages
Affiliate Marketing is the most powerful way to earn money online, through which you can easily earn lakhs of rupees a month. But to do affiliate marketing, it is also necessary to know how to do affiliate marketing in the right way.
If you want to know about affiliate marketing and want to learn it, then you have come to the right article. In this article, I have given you detailed information about Affiliate Marketing Kya Hai, How Affiliate Marketing Works, How to do Affiliate Marketing, and Advantages and Disadvantages of Affiliate Marketing. I am sure that after reading this article you will definitely learn Affiliate Marketing.
So let's start today's article and know what is affiliate marketing in detail.
What is Affiliate Marketing?
Affiliate marketing is such an online marketing in which an affiliate receives commission by selling the product of another company or person through his marketing strategy. This commission can be from 5% to 90% or more
Affiliate can simply join the affiliate program and find the product in which he is interested, and then take the affiliate link of the product and promote it through various mediums like blog, YouTube, social media etc.
When a user buys a product by clicking on his affiliate link, the affiliate gets some percentage of commission, which is the earning of an affiliate. This commission depends on the affiliate program, product category, product etc..
How does Affiliate Marketing work?
To understand the working of Affiliate Marketing, we can divide it into four parts –
product manufacturer
affiliate
affiliate program
Customer
First of all, the product manufacturer or company makes their product, they can market their product themselves if they want, but they are not so good in marketing and at the same time they look for the right people to promote their product, so they become affiliates. Let's find out.
To find affiliate, the company goes to Affiliate Platform and gets its product listed there, affiliates also live on these affiliate platforms. Affiliate platform connects the affiliate and the company.
Affiliate platforms tell the complete details of the product to the affiliate, such as which product is being sold on their platform, how many affiliates are promoting which product, etc.
Those who are affiliates receive the affiliate link of the product according to their interest and promote it through various mediums. When a user buys a product by clicking on the affiliate link, the affiliate gets a commission. And the customer to the company.
Affiliate platforms keep a percentage of each sale and give the rest to the affiliate. Affiliate can take payment through bank transfer, PayPal etc. methods. So this is how affiliate marketing works.
Important Terms related to Affiliate Marketing
When you do affiliate marketing, you will hear many types of words that you need to know about.
Affiliate
Affiliate is the person who joins the Affiliate Program and receives commission by promoting the products of various companies.
Vendor or Merchant
The person or company that manufactures the product is called Vendor or Merchant. Affiliates promote their products only.
Affiliate Platform
Websites where Affiliate and Vendor reside are called Affiliate Platform. Such a website is also called Affiliate Marketplace.
Affiliate Link
This is a unique link through which the affiliate promotes the product.
Affiliate ID
When the affiliate signs up in an Affiliate Platform, he is given a unique ID called Affiliate ID. In most platforms, Affiliate ID is used to generate affiliate links.
Commission
When the affiliate makes a successful sale, the amount given to him is called commission.
How to do Affiliate Marketing
After reading the article till here, you must have understood what is Affiliate Marketing. Now the most important part of this article of ours is about to begin, in this you have been told in a systematic manner about the entire step of starting Affiliate Marketing. You can start affiliate marketing by following these steps, and can earn lakhs of rupees per month.
Chapter – 1 Select Niche
Niche is the first step to start any business. Since Affiliate Marketing is also a business, therefore it is necessary for you to choose Niche in this also. Let's know about Niche.
Type of Niche
All Niche can be divided into 4 parts –
Health – Diet, bodybuilding, supplements, fitness, exercise, beauty etc.
Wealth (Property) – Earn money online, trading, cryptocurrency, business, online marketing etc.
Relationship – marriage – marriage, dating etc.
Spirituality – Astrology, Numerology, Meditation etc.
How to choose Niche
All the businesses are divided into these four categories. First of all, you have to select a Niche according to your interest out of these four, and then narrow down that Niche and decide the right Niche for yourself.
Like Health is your Niche, then you should work on the same micro niche in Diet, Bodybuilding, Nutrition, Fitness, Beauty etc. By selecting a niche, you will have an audience of the same niche and you will get good conversion.
Many people start working on different niches in the beginning, due to which they do not get good results, and they think that affiliate marketing does not work. But it is not at all like this if you will work on a micro niche then you will definitely earn well from Affiliate Marketing.
Let us understand through an example. Suppose there are two doctors, one of whom is only a dentist and the other is a doctor of everything. Now think for yourself, if there is a dental patient, to whom will he go, it is obvious that he will take advice from the dentist. Because he is an expert doctor.
Similarly, it happens in affiliate marketing too, if you select a micro niche then people will buy the product recommended by you and you will be able to earn good money. With this example, you must have understood the value of Niche in Affiliate Marketing. Before reading the second chapter, make a low decis
Chapter – 2 Join Affiliate Platform
When you have decided a Niche, then the next step comes to join the affiliate platform.
What is Affiliate Platform
Affiliate platforms are such websites in which both Vendor and Affiliate reside. Vendors get their products listed on these websites and Affiliate does marketing of those products and receives commission on sales.
Why the need for affiliate platform?
This question also comes in the mind of many people that why the affiliate platform was needed? Can Affiliate not do Affiliate Marketing by contacting the company directly? Let us also know the answer to this.
Earlier, when there were no affiliate platforms, many vendors used to do fraud with affiliates, that is, they used to sell affiliate products but vendors did not pay them.
Apart from this, there were many problems, such as the vendor not being able to reach the right affiliate, the vendor not showing the right data to the affiliate, etc. Affiliate platform was needed to deal with all these problems.
Advantages of Affiliate Platform
The advent of the affiliate platform brought the following benefits, its benefits should be given to the affiliate as well as the vendor.
Affiliate platform connects Vendor and Affiliate together.
Vendor gets Best Affiliate for his product.
Transparency is created between Vendor and Affiliate.
Affiliate earns money by selling the product fearlessly.
Affiliate can check the history of Vendor and its product in his dashboard. Means whether the product is being sold or not, how many people are promoting the product etc.
Affiliate has more products to choose from.
Some Popular Affiliate Programs
In today's time, there are many affiliate programs that you can join and promote their products. We have told you some Best Affiliate Program below.
Amazon Associate
clickbank
Warrior Plus
Digi Store 24
Share A Sale
JVZoo
Commission Junction
Impact Radius
clickfunnels
Groovefunnel etc.
Which Affiliate Program To Join?
The problem with most beginner affiliate marketers is that they do not understand which affiliate program to join. So the answer is that you can join two or three affiliate programs, and then check in them that in which affiliate program your Niche products are more, and where you are getting more commission.
By checking all these things, initially you promote the product of only one affiliate program. When you get some sales, you can promote the product by joining different programs.
Chapter – 3 Choose Your Product
In any Affiliate Platform, you will find many products related to your Niche, here you can get confused as to which product to promote and which not. We have told you about this in this chapter.
Types of Affiliate Products
Before selecting affiliate product, you should also know about the type of product. Affiliate products are mainly of two types.
1. Low Ticket Product
Affiliate products that have low commission are called Low Ticket Products. In these the commission ranges from 10$ to 50$.
2. High Ticket Product
Such affiliate products in which the commission is very high are called High Ticket Products. In these the commission ranges from 50$ to 500$ or more.
You will find both types of products in all affiliate programs.
How to choose affiliate product
A new Affiliate Marketer should initially promote Low Ticket product only, because you will not have to put much effort to bring Sale in it. But if you will promote High Ticket product in the beginning itself, then you need hard work with a good strategy to bring Sale.
Because there is not so much knowledge in the beginning, then it will be very difficult for you to bring Sale in High Ticket product. And there is a lot of competition in this too. That's why in the beginning promote the Low Ticket product only.
In selecting the product, you should also keep in mind that whether the product you are promoting is being sold in the market or not. To check this, you can check the Matrix of Affiliate Program.
Almost all affiliate programs have different Matrix by which they give correct information about the product to the affiliate. For example, talking about Clickbank, on the basis of Gravity, you can find out how much competition is there on the product, how many affiliates are promoting it, etc.
Chapter – 4 Setup Platform for Promotion
Now you have a product, you have to promote that product through Digital Asset. You select the Perfect Platform for your product from where you will bring traffic and can get commission by selling the product. Some popular platforms I have told you below through which you can easily promote affiliate products.
1 - Create a blog
You can promote affiliate product through blog. For this, you have to create a blog first and you can publish it by writing a review article of the product. And when traffic comes to your blog, you will continue to earn money from affiliate marketing throughout your life.
To create a blog, you need a domain name and hosting. You can buy hosting from Bluehost and setup your blog on WordPress.
In Bluehost, you get a free domain in all hosting plans, so that your domain money will also be saved. And the speed of this hosting is very good. You can see the offers in Bluehost by clicking on the button below.
Visit Bluehost
You can read this article to create a WordPress blog – How to create a WordPress blog.
2 - Create YouTube channel
YouTube channel is also a good way to do Affiliate Marketing. You can make a video about the product. Many Affiliate Marketer is earning well by promoting the product through YouTube channel.
3 – Create page on social media
You can also do Affiliate Marketing by creating a page on social media. Today almost all people are connected on some or the other social media platform, and spend most of their time on social media only. That's why affiliate marketer has a good chance to sell the product and get commission by creating a page on social media.
Following are some of the Best Social Media Platforms from where good conversion is available.
facebook
Instagram
pinterest
Twitter
Reddit
Linkedin etc.
4 – Create Landing Page or Funnel
You can also do Affiliate Marketing by creating a Landing Page or Funnel. There are many Advance software in the market through which it is very easy to make Landing Page or Funnel. You can promote Landing Page through social media, YouTube, other mediums. You should create such a landing page so that the user can convert.
Following are some software for creating landing page –
clickfunnels
Builderall
groove funnel
Wordpress
5 – Do Email Marketing
You can collect people's email in your blog or landing page, and you can also earn money by selling affiliate products through email marketing. If you have the email of people of a Niche, then you can market them any other product of Same Niche in future. Email marketing is very powerful.
Following are some software of email marketing –
mailchimp
Weber
GetResponse
HubSpot
You can start affiliate marketing through a blog or YouTube channel, and can setup some social media pages along with it.
Chapter – 5 Traffic
When you setup a platform to promote affiliate product, then the next step comes to bring traffic on it. In this chapter we will talk only about traffic.
how to drive traffic
You can bring traffic in two ways. Organic and Paid.
1. Organic Traffic –
Organic Traffic is such traffic that comes directly to your website through search engines. You do not have to pay any money for organic traffic. Similarly, the traffic that comes from the social media platform without money in the social media page is called organic traffic.
Organic traffic comes from SEO (Search Engine Optimization) or SMO (Social Media Optimization) efforts. Since Organic Traffic is absolutely free, it takes some time to get results. It may take 3 months to 1 year to bring you good traffic.
But its biggest advantage is that once your posts start ranking, you will always get free traffic, and the product will continue to be sold.
You can follow some of the following tips to bring organic traffic.
Do SEO of content.
Do keyword research and find Low Competition keywords and work on them.
Keep publishing content regularly.
Share the content.
If you are promoting a product by creating a blog, then create a backlink for that post.
2. Paid Traffic –
Paid Traffic is such traffic that you get through Paid campaign on search engine and social media. To bring Paid traffic, you have to advertise on search engine or social media.
Since in this you have to pay money to bring traffic, the results are also available immediately. But when you stop running Ad in Paid traffic, the product will not be sold.
You can run Paid Ad on Google, YouTube, Facebook, Instagram, Bing etc. to bring Paid Traffic. To run Paid Ad in search engine you will need a Landing Page and to run Paid Ad on social media you will need a social media page with Landing Page.
Without Landing Page you cannot do affiliate marketing with Paid Method. Because both search engines and social media do not allow Direct Link.
which traffic is right
If you are brand new to affiliate marketing then you should choose organic traffic. Because many times it happens in Paid Traffic that your money is also spent and not even a single sale comes. This will give you disappointment. That's why you start with Organic Traffic, and when you start getting results, you can also do Affiliate Marketing through Paid Method.
Chapter – 6 Earn Money From Affiliate Marketing
After reading till here, you must have understood how to earn money from affiliate marketing. If I tell you the complete Summery of earning money from Affiliate Marketing, then it is like this.
In Affiliate Marketing, you have to sell the products of other companies or individuals through a link through your Digital Asset and marketing strategy. When users click on your affiliate link and buy the product, then the company gives you a percentage of its commission, which earns you through affiliate marketing.
Useful Tips
I have given below some useful tips to get success in affiliate marketing.
Give some value to the audience
If you want to be successful in affiliate marketing business, then you have to give some value to people. Think for yourself why people will click on your link and buy the product. It is not that by clicking on your link, they will get a lot of discount.
When people are getting the same product at the same price on the official website, then they can directly buy the product by visiting the website. This is where the concept of Value comes in.
Let's understand with an example that you are doing Bluehost's affiliate through the blog. So you can write a review article of Bluehost on your blog, in which you can tell people how Bluehost can help them, what can be its benefits.
In this way you gave some value to people, told them about Bluehost, then there are more chances that they will click on your affiliate link and buy the product.
Many people also do Affiliate Marketing in such a way that they take the link of the product and start pasting it everywhere, such as YouTube comment, Facebook group, DM on Instagram, etc. In this way you cannot be successful in affiliate marketing. To get success in affiliate marketing business, you have to give some value to the people.
Give some bonus to the audience
If you give some bonus to people then it will be more likely that people will buy the product through your link.
For example, if you are affiliate of Bluehost, then you can give Blogging Ebook as a bonus, or you can give WordPress designing videos as a bonus. With this your sale will definitely increase.
If you are brand new then you can use PLR product for bonus. Privet Level Right (PLR) are such products in which you can take the rights of someone else's product and become the author of its content. There is no copyright issue in this.
You can download the PLR product for free from the PLR website. If you search PLR Product Website in Google, you will find many websites, from where you can download PLR product for free and give it as a bonus. So friends, in this way you can do Affiliate marketing and earn unlimited money.
Benefits of Affiliate Marketing
There are many benefits of doing affiliate marketing, some of which are as follows –
You can do affiliate marketing from home. All you need is a laptop and internet connection.
You can earn money sitting at home and leave your 9 to 5 job.
You do not need much investment to start affiliate marketing.
Affiliate marketing can earn unlimited money 24/7.
You can do online business even without your own product.
You do not need to support the product, the affiliate only has to sell the product and the rest is done by the vendor.
Starting affiliate marketing is not a difficult task.
Disadvantage of Affiliate Marketing
Along with the advantages of affiliate marketing, there are also some disadvantages such as –
If you do affiliate marketing with Paid Method, then there is also a possibility that you may not get a single sale and your money will go in vain.
You have to sell the product only by following the guidelines of the vendor, if you violate their rules then they can remove you from their program.
You cannot give any discount to the product from your side.
In the beginning you will have to work hard.
Well, it does not matter how many disadvantages are there of affiliate marketing, it is also one of the best ways to earn money online. You can start affiliate marketing from today itself.
FAQ: What is Affiliate Marketing?
Q – What is Affiliate Marketing?
Affiliate marketing is a program where any person becomes an affiliate and earns money by selling the product of another company through his marketing skills.
Q – How much money can be earned from Affiliate Marketing?
You can easily earn lakhs of rupees a month through Affiliate Marketing. Many bloggers, youtubers and affiliates are earning well from Affiliate Marketing. Earning money from affiliate marketing depends on your strategy and hard work.
Q – Does it cost money to do affiliate marketing?
You can also do Affiliate Marketing for free, but if you want to get good results in less time, then you can do Affiliate Marketing by creating a blog or landing page on WordPress. For this you will need to buy a hosting.
Q – Is there any fee for joining the affiliate program?
No, you can join the affiliate program for absolutely free. If an affiliate program takes money to join you, then you should avoid joining such a program, because there may be fraud with you.
Conclusion: Affiliate Marketing
In this article I told you What is Affiliate Marketing?
Complete information has been provided on how it works and how to do affiliate marketing. Along with this, you have also been told about the advantages and disadvantages of affiliate marketing.
I have tried my best to give you complete A to Z information about affiliate marketing in this article, but even then there is no information left or if you have any questions related to your article, then you can tell me in the comment box. I will try to answer your questions soon.
That's it in this article, hope you liked this article written by us, share this article with your friends on social media as well, and keep visiting our blog to read similar articles.
Thanks for reading the article till the end.