Introduction
If you are considering a passive income stream, one great way to do this goal
is through Affiliate Marketing. The mentality behind affiliate marketing is
that you promote someone else’s products or services using an affiliate
network. In turn if any products are purchased based on your marketing.
The mechanism behind affiliate marketing is revenue sharing. For example, if
you have a product or service that you want to sell more and target to a
bigger audience, you can offer financial incentives to promoters using an
affiliate program. If you have no product and just want to make money, then
you can be the promoter of the product that you feel has substantial value and
can earn income as an affiliate marketer.
We will endeavor to uncover the basic secrets of affiliate marketing, the
simple strategies, and how you can get started on it. But first, let’s look at the
definition of affiliate marketing. To put it plainly, affiliate marketing is cycle
of getting commissions or a cut for promoting a product or service that is not
owned or produced by you. This person can be a company, organization, or a
sole entrepreneur. You find a product that you know and like, promote it to
your channels and audience, and accrue profit for every sale made.
What components are involved in affiliate marketing?
Essentially, there are 3 components to affiliate marketing. They include:
1- The Affiliate
2- The advertiser
3- The Affiliate network
Who is the Affiliate?
The affiliate is the individual who does the promoting or the website’s owner.
Anyone can build a website nowadays is suitable for the business; however,
when building a website for marketing purposes, consideration should also go
into marketing the specific website. In this website, you will find details or
reviews about a product or service that is sold on the advertiser's website. The
affiliate’s website cross-links to the product page of the advertiser using a
link known as affiliate link. This special link specifically indicates the link’s
