Making money online can actually be done in many ways. It can be done by selling through the marketplace, becoming an advertising platform publisher, selling online through its own website, becoming a freelancer, or running an affiliate or affiliate marketing business. There are no right methods and no wrong ways. This is not about right and wrong but about consistency.
If you want to get money from the internet by selling through the marketplace, go ahead, but be consistent until you really make money from it. Do not let it produce anything but have been dying to change other methods because they are tempted by the results obtained by other people in different ways. If it has been proven to produce the way you do, then you can move to another way to make more money.
In the following, we want to convey one way to make money from the internet, namely with affiliate marketing.
What is affiliate marketing?
We start by understanding what affiliate marketing is. I’ll show you 3 different sites that explain what it is. The goal is to remain objective in defining the meaning of affiliate marketing so that it can be accepted by all parties.
According to Wikipedia affiliate marketing is a type of performance-based marketing in which a business/company rewards one or more people for each buyer brought by that person.
Shopify states that affiliate marketing is an online sales strategy that allows a product or service owner to boost their sales by letting others target the same audience – “affiliates” – to get a commission by recommending the product or service to others. At the same time, this possibility enables affiliates to earn money on product or service sales without creating products or services of their own.
According to an article written on Forbes, when you sell products for any company and you earn a commission for each sale, it means that you’re marketing the products as an affiliate. You are on your own, an independent business person and are not a salesperson for that company. The good thing is, you don’t need to reach a certain amount of sales or simply put, there are no thresholds that need to be met. However, the more you sell, the more commission you earn.
Why affiliate marketing?
Being an affiliate by running affiliate marketing through sharing it on a blog, social media platforms, or website is the best way to start an online business.
The reason why you need affiliate marketing to get money from the internet is at least 3 reasons, including:
⦁ No hassle
In making money online, the main reason why you have to do it with affiliate marketing is there’s no hassle on your end. By becoming an affiliate you do not need to worry about anything from producing the products, taking care of product stocks, packing and delivering, managing complaints to providing after-sales service. Very convenient, right?
⦁ Just focus on finding a buyer
The next reason in making money online by means of affiliate marketing is that you only focus on finding as many buyers as possible through your blog or website. So here your job is simply marketing the product from the company to the target market you choose.
⦁ With the right products and companies, you can earn a big commission
In affiliate marketing, commission rates offered vary dramatically. It depends on the company and its products. You’ll earn as low as 5% of the sale but, with some arrangements, you can earn as much as 50%, usually when promoting a special class or an event. There are also affiliate marketing programs that provide a flat rate per sale instead of a percentage. We just have to be smart in choosing the right company and products that we can promote on our blog or website.
How does it work?
To run affiliate marketing is actually very EASY. You only need to look for companies you want to work with, then you’ll only focus on finding buyers, attracting them to visit your site, and marketing products from these companies on your site. Or it could be the other way around, you look for the target market first and then find a company that fits your target market.
From the picture above it can be seen that the position of the affiliate marketer (affiliate partner) is in the middle between producers/sellers (retailers) with buyers (consumers).
After you register as an affiliate then the next you will get a link. Now, once you have an affiliate link is, then you promote your chosen products (it depends on your niche and target market) through your website in your product reviews or recommendations. If someone clicks and buys the product/service that you are promoting then you will get a percentage of commission from the sale.
Furthermore, for the processing of products or services, serving customers after the purchase, it’s all the vendor’s responsibility. Including the transactions that occur directly between the buyer and the vendor. At this point your job as an affiliate is complete.
SIMPLE and EASY, right, how to make money online from affiliate marketing?
The difference between resellers and affiliate marketing
When viewed from the business model between resellers and affiliate marketing is similar. Being an intermediary between buyer and seller. But if we look more closely there is a fundamental difference between resellers and affiliate marketing. These differences include:
⦁ In terms of determining commissions and selling prices.
In affiliate marketing commission and the selling price are determined by the company or product owner. As for resellers, you can determine for yourself how much profit you want to make and you may also determine whatever the selling price is.
⦁ In terms of product ownership
For affiliate marketing, you cannot claim the product that you market as yours. But for resellers, you can claim that the product is yours because it could be that you have already bought in large quantities from the manufacturer and pay the bill in full.
How to start affiliate marketing?
To start earning money from the internet with the first affiliate, the first step is to join a vendor that has an affiliate program or join an Affiliate Network such as Commission Junction, Affiliate Window, Clickbank, ShareASale, Rakuten Affiliate Network (formerly known as Linkshare).
Those affiliate programs have a huge number of merchants within their catalog. It may seem very overwhelming right now but don’t worry. I am a member of the best affiliate marketing training community called Wealthy Affiliate. They offer free training until you have your website up and running. Their training course is thorough, EASY to follow and they walk you through the whole process step-by-step. Inspired? Join now for FREE with ZERO risks and find out how Wealthy Affiliate can change your life. If you’d like to know more about Wealthy Affiliate, check out my review about this affiliate training community.
Having a better understanding and knowing how to master the science behind making money online through affiliate marketing will be very lucrative to you with the right training. Build your website well, join affiliate programs, and you can earn big commissions relatively fast.
Stay safe, happy and healthy!
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