Affiliate marketing is a business model where merchants pay people for bringing in customers or visitors through their online efforts. Individuals sign up to handle promotion. Often, the merchant provides materials to be used by the affiliate. The affiliate then promotes the product/service. When customers make a purchase, the responsible affiliate is credited for the sale. The marketer is paid at a time designated by the merchant.
Signing Up to Promote Products/Services
Affiliates can choose to signup to promote a single product (i.e. Lifelock) or they can choose to signup with an affiliate program (i.e. Linkshare) where they can pick and choose from a multitude of items. Legitimate programs are free to join – there is no charge to signup. Eligibility requirements differ from program to program. Some have no requirements, others have many. Typical requirements include having a blog or website and/or having an established blog or website that receives a certain amount of traffic each month.
Promoting Items as an Affiliate
Once you’ve joined a program, you are given an affiliate link. This link has a code embedded so that when people click on your link to go to the item, you will receive the commission if they purchase. Promotion methods include email, blogging, website, social media (Facebook, etc.), video (YouTube, etc.) giveaways and more. Some programs provide you with banners, emails, articles and other promotional materials.
Typical payment options include direct deposit, payment by check and payment via PayPal. Sometimes you must earn a specific dollar amount before getting paid. It is important to provide correct information so that you receive the money you earn. Note – As an affiliate marketer, you will be responsible for your own taxes.
Affiliate marketing is the process of promoting products and/or services for commission. Marketers signup and receive encoded links. When customers purchase via the coded links, the affiliate receives credit for the sale and earns a commission. Commission payment is then sent to the marketer.