Affiliate Marketing: The Definitive Guide to Getting Started!

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Smart ecommerce entrepreneurs who run a successful business know that there is always more they can do to make that business grow. One way to take things to the next level is to find another stream of income.

Contents

What is Affiliate Marketing?

Types of affiliate marketing

How Much Can You Earn With Affiliate Marketing?

How to start affiliate marketing

  1. Find a blog niche
  2. Create a user-friendly website
  3. Write the first articles
  4. Build partnerships with affiliate programs
  5. Create more revenue driven content
  6. Monetize the site with advertising revenue
  7. Increase website conversions and affiliate profits.
  8. Or… Hire a content marketing team

Conclusion

Whether you are an entrepreneur, a budding blogger, or the CEO of a global business, content marketing is a great way to put your brand on the map in every corner of the internet.

The question is:

How will your business benefit from an affiliate income stream?

Well Yoomweb has put together a definitive guide to affiliate marketing for us, you can start from square one!

What is Affiliate Marketing?

Affiliate marketing is the best of passive income. This is a commission-based model where a website owner (called an “affiliate” or “publisher”) promotes another retailer’s products or services in exchange for a discount.

 

This is how it works:

 

A publisher promotes a product on his blog, Instagram, wherever his followers interact with him.

When a user clicks on the link, they save a tracking cookie on their device, which is configured to expire on a certain date (sometimes up to 1 year).

The affiliate program or network attributes all purchases related to this tracking cookie.

And, when they do …

 

all, without your savvy marketing efforts, this sale would not have happened!

Types of affiliate marketing

35% of affiliate marketers make over $ 20,000 per year.

 

(Hence the travel bloggers who brag about sipping mojitos on the beach in the Caribbean while the rest of us go after office jobs from 9 a.m. to 5 p.m.)

What no one is telling you is that affiliate commissions come in many shapes and sizes, each with their own benefits.

 

The three most common structures are:

 

Affiliate commission per sale

In the per-sale structure, you earn a percentage of the sale price for each sale generated by your affiliate links. It is the most popular type of affiliate marketing and offers the highest earning potential.

 

… As long as you are promoting big ticket items.

A 5% flat rate is a big deal if you are promoting products with $ 5 price tags. This will give you a single gum ball (yipee). But a 5% commission on a $ 2,000 flat screen TV bumps your income up to $ 100 much smoother.

 

Affiliate commission per click

The pay-per-click (PPC) method is equivalent to “renting” ad space on your website. When a visitor clicks on the ad and redirects to a retailer’s site, the network pays you for the traffic, often at a rate per 1,000 visitors.

 

PPC ads are a gold mine for websites attracting seven-figure monthly traffic. Even if you partner with a network that pays $ 15 per 1,000 clicks, a 10% conversion rate will earn $ 1,500 / month!

 

Affiliate commission per prospect

The per lead strategy is popular in the service industry, which means that the commission is not based on driving sales of a company’s products. A “lead” can be a user signing up for a free trial, scheduling a call, or creating an account.

 

Affiliate lead programs tend to be stingier with their pricing. But with a lower bar to cross and the word “FREE” attached to offers, visitors are more willing to bite.

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