Last Updated on September 23, 2021
If you are looking at making money on the web, you have probably come across the term ‘Affiliate Marketing’, and unless you have done a lot of research on it, you are probably wondering ‘how does doing affiliate marketing work and can I make money from it?’ There are millions of dollars spent on online purchases every single day. With affiliate marketing, you can earn a small percentage of commission on some of those sales, simply by referring and recommending products.
With time, that small percentage can add up to big money. Many people have made fortunes from doing affiliate marketing. Others have made a decent living. And still others haven’t made anything at all – usually because they went headlong into doing affiliate marketing dreaming of quick and easy money, and didn’t do the necessary research or put in the time and effort you need to succeed.
So how does doing affiliate marketing work and can you make money from it? Well, it’s really quite simple in theory. Amazon is has one of the biggest online affiliate programs, and is a well-known company with a good reputation, so let’s use them as an example. Perhaps you enjoy cooking, and would like to use your passion for food to make money online. You can set up a website, or for no cost at all, a blog.
One of the ways you can monetize your site or blog is by doing marketing. You enter into an agreement with Amazon (which is really easy to do – you go to their site, and you will find all the directions you need). You now have a link to Amazon on your site. You could review recipe books – many visitors to your site will read the review, and a few of them will consider buying the cookbook you reviewed.
What could be easier for them than clicking on the Amazon link, which will take them straight to a place where they can purchase it? Amazon has made a sale because you pointed a potential customer in their direction, and for that they give you a percentage of that sale. You make money without actually having to produce or stock any books, or worry about shipping and so on. This is how marketing works.
There are many Affiliate marketing models and to answer the question how does doing affiliate marketing work and can I make money from it, you need to familiarize yourself with all of them so you can decide which one is right for you. The Pay-per-sale example provided above is one. Another type of Affiliate Marketing is known as ‘Pay-per-Click’ – here the merchant site (the one which actually sells the product) pays the affiliate site (your site which makes the referral) based on the number of visitors which click on the link to get to the merchant site, regardless of whether they actually buy anything.
Other affiliate programs pay on the basis of how many visitors, who click onto their site from yours, actually sign up as leads, by providing some requested information. There are many ways of doing affiliate marketing, and making money from it.
The answer to question how does doing affiliate marketing work and can I make money from it, is actually pretty straightforward and simple – it is not a complicated business model. The real challenge lies in the execution. If you are going to be doing affiliate marketing, know your target audience, your product and make sure that you offer visitors an incentive to visit your site. Be prepared to put in some hard work – if you get it right, you will reap the rewards.