Affiliate Marketing is considered as one of the most ideal approaches to appreciate automated revenues. Affiliate marketing, the concept is pretty simple and easy to understand :
- Promote products/services on your blog.
- Add special links to those products/services in your content.
- When your traffic click those links , you get a percentage of the profits from the merchant.
In other words, affiliate marketing is a lot like commissioned sales. You don’t need any marketing experience to become an affiliate, though a knowledge of SEO.
Also Affiliate marketers need to be wary of scams and fraudulent affiliate programs.
It’s a three-way relationship between the product/service provider, the affiliate blogger, and the reader-turned-buyer.
There are a few different affiliate commission fee structures:
- Pay-Per-Click: You get paid a certain amount every time someone clicks on your link or code.
- Pay-Per-Conversion: You get paid a certain amount when a reader completes a certain task, usually purchasing a product or signing up for a service.
- Revenue Sharing: You get a percentage of each sale that comes through your affiliate link.
It’s a win-win strategy for publishers and advertisers.