What is Affiliate Marketing?
I will start with the answer straight from Google, who better to trust?
Break it Down
Now to break it down for everyone.
Affiliate Marketing is a popular way to make money online by working from home. Affiliate Marketing can be a profitable business, but like everything you have to put in the work.
Affiliate Marketing is you as an individual partnering with a business. You sell the products of that business online through social media platforms, blogs, youtube or any other forms. Essentially you are referring clients to that business and in return the business pays you commission. There are many businesses out there looking to partner with Affiliate Marketers which means there are multiple sources of income available for you.
Who is involved?
The Merchant: The Merchant creates the product, they can also be viewed as the retailer, creator, brand. You will be promoting the merchants products.
Affiliate: The Affiliate promotes the merchants products. You can decide to promote a single product or multiple products through multiple merchants. The more you sell, the more you earn. Some Merchants offer a higher commission, some not as high, some merchants will even pay monthly and yearly commissions.
The Consumer: The consumer will buy from the Affiliate. It is the Affiliate’s choice to tell the consumer that they are a part of an Affiliate Marketing System or not.
The consumer will buy the product from the Affiliate and the Affiliate will earn a commission from the Merchant.
Can I be the Merchant?
Some of you may be thinking, “Can I become the Merchant and promote my own product?”. The answer is YES of course you can. However, the advantages of being an Affiliate is you do not hold any inventory, you do not have to worry about shipping products or the return policy. All you do as an Affiliate is promote products and earn a commission.
Stay Tuned for more learning📚😀📚
Where to get started?
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Tell me what you think, did I break it down in simple terms? Did this article help?
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