The Basics of Affiliate Marketing

What is Affiliate Marketing?

Affiliate marketing is defined as the process of earning a
commission by promoting the product or service of a company and earn a piece of
the profit for each sale that you make. This is a popular tactic to drive sales
and generate significant online revenue that both benefit the brands and
affiliate marketers.

Simply put, affiliate marketing involves referring a product
or service by sharing it on social media platforms, websites, or blogs of the
affiliates to increase sales by targeting the same audience. The commission
rates for these programs vary greatly, depending on the company and the offer.

Average-paying affiliate programs offer somewhere between 5%
to 30% commission rate per sale. However, with some negotiation, you can
discuss with your affiliate manager and increase your payouts so you can boost
your bottom line.

How to Get Started?

The most straightforward way to get started is to find
companies that offer affiliate programs by joining affiliate networks and
choosing among the available affiliate programs through basic keyword searches
and categories. Another option is to explore communities of people on social
media who frequently discuss affiliate programs and affiliate marketing places
that you can join.

However, with so many affiliate programs out there, it can be a challenge to find the best affiliate programs that offer high payout rates. Luckily, we’ve done the tedious, boring part for you and compiled all the best affiliate programs for beginners, which includes Amazon Associates, CJ Affiliate, Shareasale, Skillshare, Udemy, Clickbank, eBay Partner Network, Agoda, Tripadvisor, and more. After you find and negotiate the payout rate for the affiliate program that best fits you and your audience, you will get a special link that allows the affiliate manager to track the people who clicked your link. Once those people buy the product, you will get a commission. The key here is to play the game to your advantage and look for the best affiliate programs that convert well.