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Making money online through your website, social media, or blog can be done without having to create or sell any products of your own. Instead, you can use affiliate marketing. If you’ve heard of affiliate marketing but aren’t really sure what it is or how it works, this article is a great place to start.
If you’re already familiar with the concept, and want to know how to start using it to make money from your blog or website, keep reading for some actionable tips!
What is affiliate marketing?
Before we define it, let’s be clear about one thing. Affiliate marketing is not a way to ‘get rich quick.’ You’ll not become a millionaire after just a few months.
Affiliate marketing is a way to generate mostly passive income, and if you work at it consistently, it can grow into a great income stream and give you financial freedom and independence.
So what is affiliate marketing?
An affiliate marketer offers products from other companies to the marketer’s audience, and gets a commission for each sale or lead generated. In many ways, an affiliate marketer acts like a referral source, except that in most cases they don’t personally know the people they’re referring to specific products.
Most affiliate marketing happens online. The affiliate marketer promotes products from other companies on their blog and other online media channels, and it always includes an affiliate link. The link sends anyone who clicks on it away from the affiliate marketer’s media, and takes them to the product seller’s page. That link can be tracked so that any purchases generated from it get credited to the affiliate marketer.
Put simply, you include links to products in your blog and elsewhere, and any time someone clicks one of those links and buys it results in revenue for you, usually a percentage of the purchase price.
How are affiliate marketers paid?
Affiliates get paid based on their agreement with each company for whom…
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