What is affiliate marketing
Affiliate marketing , also called partner shopify management marketing or commission system, allows you to earn money by selling products of another company . It works on the basis of linking the websites of a specific brand (company) with pages that recommend the given service or product. The brand thus gets another promotional channel (intermediary’s website) and the intermediary gets a share of the sales.
What affiliate marketing is not
A lot of beginners believe that affiliate marketing will bring them effortless income while they are enjoying themselves on the beach somewhere. Bridge error. It is true that affiliate marketing will start to bring you passive income over time, but it will take time and energy to fine tune the whole system before you get there. Even then, affiliate marketing will require ongoing adjustments and improvements.
ATTENTION: You cannot take affiliate marketing as your only or main source of income. Unless you have a site with a global reach and millions of visitors, don’t expect your affiliate to make huge money.
How affiliate marketing works
Affiliate marketing stands on four pillars:
- Company (advertiser)
- Intermediaries (affiliate partners)
- Affiliate system
- Customers.
Several factors affect the how can i use live events to grow my email … effectiveness of the entire system: the quality of the product or service as such, targeting the right customers, communication between the company and the affiliate partner, knowledge of the market and customer needs.
GOOD TO KNOW: In order to earn commissions, the company you want to partner with must have an affiliate program.
Pillars of affiliate marketing in detail
1. Companies (advertisers)
Companies or individuals who offer their products or services on the Internet.
2. Intermediaries (affiliate partners)
Companies or individuals (for example, influencers) who ea leads can reach the target group of advertisers. Through their marketing channels (websites, social networks, e-mailing…) they reach out to potential customers. They then receive a commission from sales to these customers.
3. Affiliate network (affiliate system)
Every brokered sale must be recorded in some way. In other words, you need to have a system that correctly identifies and matches a visit to a website with a specific purchase (via an intermediary link).
Records can be solved in two ways:
- the company will create its own affiliate system
- the company joins an existing affiliate network that has its own sales matching system