As we all know, money can be earned from online using various methods including affiliate marketing. However, many people want to earn money from online but can’t. Because of this, many people ask, is there any easy way to earn money from online? Or how to make money using simple methods? There are thousands of such questions for those who want to earn money from online.
Earn money by making you website for free
So friends, almost all of us know that money can be earned online in various ways. But there are many of us who do not know exactly which method to use. In today’s article we will discuss a method by which you can easily earn money from online. So let’s start talking about the main topic of the article without further ado.
How to make money by affiliate marketing?
The easiest way to make money online is through affiliate marketing. Although there are many ways to make money online, the easiest way is through affiliate marketing. Anyone can easily earn a lot of money using this method. This method does not require any qualifications, skills or age to earn money. Anyone can earn money by doing affiliate marketing. In today’s article we will know how to make income through affiliate marketing and how to withdraw that money.
what is affiliate marketing?
Affiliate marketing is a commission based marketing module. I hope you will understand a little detail.
Each company hires sales executives to sell the products or services they own, who are given some sales targets each month and are hired by the company on a monthly basis. Some companies offer affiliate options to sell their products or services, where anyone can join and they can contract with the company for commission based.
Suppose you joined a company’s affiliate program, if you can sell a product of that company, the company will pay you a certain commission for each copy sold. This marketing module is called affiliate marketing. Here the company will not pay you any monthly salary. You will get commission only if you can sell. Here comes the question, how will the company understand that you sold the product?
Yes, when you join a company as an affiliate marketer they will create a link for you. You need to bring the customer to that link and if someone buys the product from that link then the company will easily understand that it has been sold through you and you will get your commission.
How does affiliate marketing work?
In affiliate marketing, unique links are created for all marketers and through those links, the company can track sales and pay commissions to affiliate marketers. There are two ways to do this.
- Affiliate Marketplace
- Individual Company Affiliate Program
Affiliate marketing modules are a very profitable marketing method. That is why many marketplaces have been created in the world, which list offers from different companies (vendors) in their marketplaces. And they have made those marketplaces open to affiliate marketers. So that affiliate marketers can generate sales by marketing those companies or products. Popular marketplaces in the world are,
- Impact Radius
There are many more big marketplaces like this, where you can join and earn money by affiliate marketing with world famous products or company services.
Individual Company Affiliate Program:
There are also many affiliate offers available outside the marketplace. Basically there are many companies who are giving the opportunity to affiliate their products through their own tracking system. Such companies create their own tracking platform and allow affiliate marketers to work with them. Like,
- Amazon Associates
- Thrive Themes
These companies are giving affiliate marketers the opportunity to work through their own tracking system. There are many more companies like this and you can join and work as an affiliate marketer in those companies if you want.
Income through affiliate marketing
Many of us have this question in mind, is it possible to make passive income through affiliate marketing? Yes, possible. However, many of us do not know what kind of income is actually has! Let’s we know this thing before we go to work. There are basically two types of income.
- Active income
- Passive income
Active income means setting a specific time and price for work. Such may be your job. The office pays you a fixed salary if you work full months. But if you don’t work, you won’t get paid. This is what we basically call active income. If I give another example, for example, there are day laborers who will be paid only if they work. If he doesn’t work then he will not get any remuneration. Most of our income is basically active income.
Passive income is a type of income where you don’t need to work in all time to earn money. You can easily understand by giving an example. Suppose, you built a house and if you rent that house, then you can earn money every month. You have created your asset at a cost of 1 time. But you are earning more and more from there without any extra work.
To me, the pension system of government service is also seems to be a passive income. For example, you are working for a certain period of time but at the end of the job you are getting a monthly pension without any work. (Many may have arguments). I have given examples just to make you understand.
What you need to know to do affiliate marketing?
Many people think that I have to spend a lot of time to do affiliate marketing or I need to know a lot, is that really so? Let me try to explain the matter to you and discuss in detail what you need to know.
You don’t need to know much to do affiliate marketing. But yes, it is a skill and you must have some qualifications here. Since you have to sell products you must have a good idea about marketing. Below are some of the things that will help you if you to do affiliate marketing.
- Basic SEO
- Basic WordPress
- English (Basic Knowledge)
- Email marketing
- The habit of writing
Not all of the things I said above are something you need to know. If you know these things, you can easily move ahead of others even if it is a little bit
what I need to do affiliate marketing?
Want to start affiliate marketing, but don’t understand what it takes? I’m telling you what you need and how much money you need to get started. Many people think that affiliate marketing requires a lot of money. Because you have heard in many places that paid campaigns have to be done. In fact, you can start for free if you want. But I certainly don’t recommend it.
One thing you need to understand is, affiliate marketing is an independent profession and your own business. Since it is a business and involves money and income, I recommend you working with a minimum budget. If you want, you can go to work with a budget of only 50-100 dollars. Below is a list of what it will cost and where it will cost,
- 1 website (Rs. 2500-3000 per year)
- Website design (free, if you have an idea about WordPress)
- Article (Free, if you know basic English and have a habit of writing)
- Traffic (Free from SEO and Social Media)
- Email Marketing (Free & Paid)
This means that you can start affiliate marketing only if you have only 3000-5000 rupees per year.
How to start affiliate marketing?
Many people think that it is very difficult to start affiliate marketing, but many people don’t understand where to start. If you want to start affiliate marketing, you can follow only 3 steps.
Here are 3 easy steps to start affiliate marketing:
- Select product
- Sales funnel
- made Traffic Generation
To start affiliate marketing, you first need to select a good product. But before that you have to do something called niche selection. Niche means what kind of product you want to work with. Suppose you work with a weight loss product. So this is basically a product of Health Nish. Work on what you understand best.
Assuming you like football very much, then you can work with sports niche. This will help you better understand your audience and explain the offer very easily. But not all the time that your choice will be good.
These three niches are the most popular niches in the world.
After selecting Nish, you need to take a good product from any marketplace and create an affiliate link. You can also join the affiliate program of any individual company if you want.
Making Sales funnel
After getting the affiliate link, many of us think that if we send visitors to that link, we will get the sell. This is where 80% of marketers make mistakes and after getting the affiliate link they start sharing it in different ways. As a result, no sell is generated and many times the affiliate account is suspended. You need to understand that the audience will never buy the product for the first time. Think for yourself. You saw a post on Facebook and you liked that product. Will you buy the product immediately? Of course not.
You will research on that product, ask 2-1 people, then maybe you will buy the product. In the same way, your audience will not buy the product just by looking at your link. That’s why you need to create sales funnels.
Traffic generation is one of the most important aspects of online business.There is no benefit in spending thousands of rupees to create a website or sales funnel, unless you can bring traffic to the site. Now the question is how can I generate traffic in my sales funnel? There are two ways to generate traffic. They are,
- Free method
- Paid method
What is free method?
Traffic that does not cost money to send is called free traffic. You can send free traffic in many ways. The most popular medium is SEO or organic search traffic. You can send traffic by SEO of your sales funnel or website. You can also generate traffic from social media, such as facebook, twitter, instagram, etc.
Another simple and popular medium is video marketing. You can create a channel on YouTube and publish the video there and give your funnel link in the description of that video. This will give you a lot of free traffic from there. You can generate traffic from the site by answering various questions if you want.
What is paid method?
When you spend money to generate traffic, it is called paid traffic. You can generate paid traffic from different sources. Such as Google Ads, Facebook Ads, YouTube Video Ads etc. One thing to keep in mind is that a paid campaign does not mean income. You must understand your targeting well when you do paid campaigns. If you start a paid campaign without knowing it, you are more likely to lose.
If you want to generate paid traffic, never campaign in multiple places at once. Start with one traffic source and try another source after learning it very well.
How much money can be earned by affiliate marketing?
According to 2020 estimates, affiliate commissions in the USA alone generate $6.7 billion annually. There are many marketers who are earning 50 thousand to 1 lakh dollars per month only through affiliate marketing. But their words are a little different. If I take the average, then it is possible to earn $5,000 to $10,000 per month. If you want to earn this kind of income then you must work at that level.
How much time do you have to spend on affiliate marketing?
If you depend on free traffic, in my opinion, 3/4 hours a day is enough for you. And if you work with a paid traffic source, you have to spend 1 hour every day. Hopefully with this, you can start your affiliate marketing business.
What is a cookies policy?
The most interesting thing in affiliate marketing is the cookies policy. When you send a visitor to your affiliate link, some code is stored in that visitor’s web browser (your affiliate link). If the visitor does not buy the product at that time but buys the product from that website at any other time, then that sale will be calculated through your affiliate link. (But only if the cookie file is stored in his browser)
As I have seen, most affiliate programs have cookies active for 30 days to 1 year. However, if the visitor removes his browser’s history files and cookies files, you will not receive a commission.
Last word about this article
Thanks for reading the full article. Hope you understand how affiliate marketing work and how to earn a passive income though affiliate marketing.