Posted by : Amanda Stein Friday, April 19, 2013






Introduction

Are you one of the many internet users looking for means to supplement your income? Do you want to know if online affiliate marketing is right for you?

If you want to learn more about online affiliate marketing, then you’ll want to read this article. Specifically we’ll discuss; what affiliate marketing is, how to do affiliate marketing, and how to make money with affiliate marketing. After reading this article you should better be able to understand if being an online affiliate is for you.


What is affiliate marketing?

Affiliate marketing is when someone promotes a company’s product on their website with some form of commission. For example:

 - Joe follows a vegetarian diet.

 - Joe blogs about his diet and has quite a few readers who follow his blog.

 - Joe finds that product X has been a life saver in helping him stick with his diet.

 - Joe approaches the company about promoting their product on his website.

 - The company agrees that this is a good idea and gives Joe a unique link whereby they can track how many sells have come through Joe’s efforts.

 - The company compensates Joe for every sell of product X that comes through his unique code.

One of the ingredients that will make Joe a successful affiliate marketer is that he is selling a product that he knows and trusts. He can personally recommend product X because of his positive experiences with it. The other ingredient that will make Joe successful is that he is already a trusted friend and advisor to his blog readers. He has become an authority on this topic to his reader.


Great so how do I get started?

This is the burning question that you are asking yourself right now. If you want to get started with affiliate marketing then you should follow these three steps:


 1. Be ready to learn. In order to be a successful affiliate marketer you have to learn how to play the game of affiliate marketing. This is a very competitive market, but there is also a lot of money to be made. It is important to keep up to date on the latest marketing tips as online marketing is constantly in flux as to what works and what doesn’t work. There are numerous online forums and other resources that you can go to learn, this article is just the beginning point.


 2. Motivation. Next you have to put what you have learned into action. My general rule of thumb is that for every hour spend learning you must spend at least 1 hour doing. Real education comes through action. Through dedication and hard work you will learn the skills and begin to develop trust with the affiliate marketing community.


 3. Niche Selection. There is a popular saying that goes “there are riches in the niches.” You either have to market to a niche that you are already in (like Joe in the vegetarian niche), or you have to learn how to find niches that are hungry to buy the products you are promoting.


How to earn money

So you have decided that affiliate marketing might be something you’re interested in, but you want to know how exactly you would be getting paid.

The first thing to do is to join an affiliate network. Here are some of the bigger affiliate networks; eBay, Amazon, clickbank, and commission junction. Or, if you can’t find the product that you specifically want to promote then you can approach the maker of the product to see if they have an affiliate program that you could participate in, like Best Buy for example.

The first method that companies will use to pay you is based on how many times potential consumers click on your affiliate link. These types of commission usually pay the least but are the easiest to make.

The second method is called cost per action (CPA). In this instance the company will pay you for a specific action like getting a potential consumer to opt in to their newsletter. This method pays less than method three. However,a lot of affiliates prefer this method since they get paid even if there is no actual product sold.

The third method is called cost per sale (CPS). Every time a potential consumer buys the product through your affiliate link, the company will pay you a certain amount of commission. This usually has the highest level of commission.

In conclusion

Now you should have a general idea of how affiliate marketing works. Specifically you have just learned what affiliate marketing is, you have learned a general overview of how to do it, and you have learned the common ways affiliate make money. With this information you should now be able to know if affiliate marketing is right for you.


This affiliate marketing post is brought to you by becomeselfemployed.co.uk a personal yet professional UK work from home site.



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