How to make money with affiliate marketing. Part I.
Affiliated marketing is one of the most profitable ways to generate passive income today.
Thanks to the marketplaces and online stores, promoting the products or services of a third is perhaps the best online business that you can dedicate to.
In this post we will look at advantages and disadvantages of affiliation marketing because the profits will not arrive in the blink of an eye unless you consider a coherent and solid strategy.
To help you master affiliation marketing, we have prepared this guide that summarizes every aspect, definition and practice of this business.
What's affiliates marketing?
Affiliation marketing is a business strategy that seeks to generate income through the recommendation. What is more recent is its application in the digital ecosystem, together with the practices and tools used for monetization.
That is, this is a profitable online business idea that works through a collaboration relationship between brands that seek promotion services and channels.
It is very attractive to the company, because it will only pay when one of its products is really sold, and for the affiliate because it can build a whole autopilot business that allows you to earn money online.
How affiliation marketing works
Since you are evaluating how to generate online passive income with affiliate marketing, there are 3 fundamental concepts that you must dominate. These are the basis on which this type of marketing strategy works.
Advertiser
It is the company or person requesting the promotion of your products either through an ad or a link on the platform of an affiliate.
But when using a link or hanging an ad, the advertiser does not pay for visibility, but pays for each time a user converts through the action that was agreed with the affiliate.
The most usual platform is a blog or website, but social networks have also become a profit channel to make profitable in this way.
Affiliate
It is a partner or collaborator. If you want to be affiliated, you would be the person who owns the promotion channel, who agrees to recommend the company’s product and receive a commission every time you get a person to buy that product.
Of course, the logic dictates that only promotions those products that have to do with your interests or knowledge and, at the same time, things that are useful or desire of those who visit your blog or follow you. (In our case it would be about digital nomads and how to earn money).
Affiliate link
It is the medium that will lead to the website or product file (in the case of marketplaces) of the company where the user can specify their purchase. The links have a unique code that serves to identify the affiliate and assign the profits. You can control the code to verify the profitability achieved and the commissions to be collected.
To start you must join profitable affiliate programs or contact companies directly to offer you as a partner. The programs usually have the commission to be paid predefined:
Conversion: Commission for Sale of client referred.
Click: Commission by number of visitors achieved.
Form: When a user referred to you fills a form.
