Affiliate marketing has become a good opportunity for many entrepreneurs, bloggers and content creators. The idea may seem like an attractive way to make money online. However, you should not start without putting a plan in place first. In this article, we'll give you a crash course on the basics of affiliate marketing and a quick guide on how to get started.
So, what is affiliate marketing?
Simply put, affiliate marketing is a method that allows you to make money online by promoting products, services, websites or businesses and earn commissions for each successful sale. One of the most common examples of affiliate marketing is the referral link whereby you, as the publisher, place a link on your blog/site, which then directs the user to another website. If he buys something, you will receive a commission for this purchase. You can find even more details here.
Know the affiliate terms and conditions
If you are considering affiliate marketing, knowing the key terms will help avoid confusion. Some of the most essential terms are:
- Affiliate: An affiliate comes in all shapes or sizes, but they are usually bloggers, content sites, or creators related to the commerce industry.
- Payments: Compared to other channels, affiliate marketing offers merchants a higher return on investment because it is performance-based. That is, they only pay for real customers instead of just visits.
- Networking: Most affiliate programs are managed and organized through an affiliate network. They are very useful because they provide a central database with available merchants, which allows an affiliate to easily find opportunities.