In the broad sense of the term it’s earning commission for recommending a product or service. Now this can be for anything imaginable these days and when I say that I’m no exaggerating!
Almost every product or service online has an affiliate program attached to it. From holiday companies, to baby clothes to small business internet marketing products selling software.
Yes, affiliate marketing is a huge huge business and fortunately for you, one of the easiest to get into.
The idea behind affiliate marketing is that you promote products, through an affiliate network, earning a commission if your audience buys thanks to your marketing efforts via your affiliate link.
The end result is you earn a commission based on a percentage set by the vendor. This percentage solely depends on the amount set by the vendor and can range from 1% to 100%
The ultimate goal is to make money while you sleep and buy time. A phrase once coined by Pat Flynn of Smart Passive Income, is the ‘Work hard now and reap the rewards for years to come’.
What does this mean?
Most marketers either started or have a fork of their business in affiliate marketing. It’s simple to setup and can earn a great income.
So, when you hear ‘work hard now’ this simply means build your affiliate income stream now and the benefits will reward you for years to come as long as you drive traffic or ad revenue (which we will get to).
So what is an affiliate?
An affiliate is sometimes also known as the publisher. Affiliates can range from single individuals (more focus on this in this book) to entire companies.
Some of these companies you may have heard of such as Go Compare, Compare The Market, Biz
Rate etc. These are all comparison sites which turn over millions in revenue per month/year for advertising services created by other companies.
These monster size businesses use one location to promote what is essentially a service provided by another business for a commission. E.g. Let’s say you want insurance and search for a comparison site to get a great deal on your next insurance.
When you find the deal you like you are then passed to the insurance company who gave you the best deal.
The recommendation is now complete. You receive the best deal, the insurance company receives your money, the comparison site receives a commission for bringing you the buyer into the insurance company. Simple...
As an individual or small business, the focus on affiliate marketing is practically the same, simply on a smaller scale with more niche focus surrounding your own business or if you are just starting out, your choice of niche to build focus around.
The process of earning an affiliate income is the same. You promote a service or product for a set commission.
The product vendor deals with the customer and you earn an income as a commission.
Right now, you may be thinking, this is cool, so how do I get started?
There are multiple ways to get started and in the coming chapters we will look at all the elements surrounding affiliate marketing and how you build your affiliate marketing business.
Yes, affiliate marketing is a huge huge business and fortunately for you, one of the easiest to get into.
The idea behind affiliate marketing is that you promote products, through an affiliate network, earning a commission if your audience buys thanks to your marketing efforts via your affiliate link.
The end result is you earn a commission based on a percentage set by the vendor. This percentage solely depends on the amount set by the vendor and can range from 1% to 100%
The ultimate goal is to make money while you sleep and buy time. A phrase once coined by Pat Flynn of Smart Passive Income, is the ‘Work hard now and reap the rewards for years to come’.
What does this mean?
Most marketers either started or have a fork of their business in affiliate marketing. It’s simple to setup and can earn a great income.
So, when you hear ‘work hard now’ this simply means build your affiliate income stream now and the benefits will reward you for years to come as long as you drive traffic or ad revenue (which we will get to).
So what is an affiliate?
An affiliate is sometimes also known as the publisher. Affiliates can range from single individuals (more focus on this in this book) to entire companies.
Some of these companies you may have heard of such as Go Compare, Compare The Market, Biz Rate etc.
These are all comparison sites which turn over millions in revenue per month/year for advertising services created by other companies.
These monster size businesses use one location to promote what is essentially a service provided by another business for a commission. E.g.
Let’s say you want insurance and search for a comparison site to get a great deal on your next insurance.
When you find the deal you like you are then passed to the insurance company who gave you the best deal.
The recommendation is now complete. You receive the best deal, the insurance company receives your money, the comparison site receives a commission for bringing you the buyer into the insurance company. Simple...
As an individual or small business, the focus on affiliate marketing is practically the same, simply on a smaller scale with more niche focus surrounding your own business or if you are just starting out, your choice of niche to build focus around.
The process of earning an affiliate income is the same. You promote a service or product for a set commission he product vendor deals with the customer and you earn an income as a commission.
Right now, you may be thinking, this is cool, so how do I get started?
There are multiple ways to get started and in the coming chapters we will look at all the elements surrounding affiliate marketing and how you build your affiliate marketing business.
