Depending on who you know or what you hear, you may or may not know what affiliate marketing is. Affiliate marketing, also known as a form of internet marketing or digital marketing, is its basic form, a method of using digital content to refer website visitors to other sites, products or services for a commission. In other words, it’s a form of sales. Sales of products that you never have to inventory to be exact! So when a customer visits your website, follows a link to another website, buys their product/service, you get paid! At least, that is it in a nutshell.
So here are a few things to know about affiliate marketing:
- relatively cheap or free to start.
- You never carry any inventory.
- Fairly easy to make money from.
- Can work from home or anywhere.
- If you can type in a blog you can affiliate market.
Affiliate Marketing Definition and Purpose
Easily put, it is using a businesses’ referral program to earn income and make money online. So what companies have an affiliate program? These days, every site from Amazon, to Ebay have affiliate programs. Even Petco and Hallmark have them. The more traffic and buyers, the more money you make. It is really that simple.
With all this being said, results vary greatly with experience. As an affiliate marketer, your income potential is near limitless. You can make $5 a month or $50,000+! It all comes down to traffic and conversion.
Is Affiliate Marketing Worth It?
The short and easy answer is yes! The potential is staggering. Many entrepreneurs, some with little to no web experience make hundreds of thousands monthly. There are good amount of Internet Millionaires that only focus on affiliate marketing.
Here is why:
- Huge potential for wealth
- High return on investment
- Can start with little to no overhead
- You never have to deal with product
- Traffic + Conversions = Sales
If you are interested in learning more about affiliate marketing. I highly recommend getting training on the various methods to do so. There is the right way and the wrong way. Both lead to making money, but the right way will make you a millionaire!