In this lesson you are going to learn how affiliate marketing works. You’ll also discover why it’s GREAT to be an affiliate, how much money you can make and how you can get started.. http://YourSuccessLife.com/AffiliateMarketing
Let’s start with a basic definition of affiliate marketing, it is:
“An Internet-based system where you (as an affiliate) get paid for referring sales or customers to another business.”
It’s a bit like how a real estate agent doesn’t own the houses they sell; instead they promote houses on behalf of their clients, and earn a cut of the sale price of any properties sold.
The image below shows a really basic affiliate website, with a banner that promotes the SaleHoo Wholesale Supplier Directory.
When someone, who’s keen to make money on eBay, clicks that banner, they are taken to the merchant’s website below.
The merchant is the person or company that creates and owns the product. Now it’s up to the merchant to work their magic and get that person to buy. If the person does decide to purchase, then the affiliate that sent them to the site earns a commission, which is a percentage of the product’s sale price. Easy, right?
There are a lot of ways to place these commission-earning links on your website, so you don’t even have to know how to make banners. One of the most popular ways to add links is to simply include them in your content. Here’s an example of a product suggestion within an article, with a link to the relevant product where it’s most useful in the content:
In a similar way, you can write (or have someone else write) content on a topic, and then link to a product that might be useful for the reader. So long as the link you use is an affiliate link, you’ll be lined up to earn a commission, and you can learn more about that in the Affilorama lessons.
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