Chapter 1: What is Affiliate Marketing
Affiliate marketing is the arrangement whereby an affiliate earns a
commission for completing an agreed-upon marketing objective. Commonly,
the affiliate markets products and services belonging to a third party, and they
earn a commission for each customer they bring on board. This economic
arrangement has existed for as long as businesses have been around, but it
became much more pronounced in the age of the internet. There are many
affiliate marketers who earn six and seven figures. The beauty of affiliate
marketing is that there are almost no barriers, and all you need is an internet
connection, and you are good to go.
Most people who are stuck in a boring corporate job and would like to escape
the rat race would do really well by crossing over to the world of affiliate
marketing. As an affiliate marketer, you could even choose to work from the
comfort of your home, and your earning potential will be governed by your
depth of hunger for success. The hungrier you are, the more work you put in,
and thus the more money that flows to your side, but if you are lazy, then
expect to make little money and in some cases, no money at all. Just because
affiliate marketing offers freedom doesn’t mean that money will
automatically flow into your bank account.
There’s considerable work to be done, especially in the early stages, and then
you can put up systems that will make your work all the easier. Also, the
world of affiliate marketing is ever-changing, and an affiliate marketer must
keep reinventing themselves so that they don’t lose to their competition.
Advertising is a common theme in the world of affiliate marketing. Besides
picking a profitable product, your advertising methods will play a critical role
in determining your overall success. Some of the popular advertising methods
include display advertisement, social media advertisement, email marketing,
video advertisement, and blogging.
Most businesses have embraced affiliate marketers, as that’s one of the best
ways to increase business revenue and brand visibility.
As an affiliate marketer, there are key things you must pay attention to, or
else you are at risk of sabotaging your efforts. The two main things you must
