What is Affiliate Marketing?
Affiliate marketing is a form of internet marketing in which advertisers reward their partners (in this case you as a blogger) for the sales generated from the link you place. How does this work in practice? You write about product X and link to the website of producer Y. You do not do this with an ordinary link, but with a specially generated measurement link. The moment a visitor clicks on this measurement link and goes to the advertiser, a cookie is placed and producer Y can be precise about whether purchases result from your referral. If this is the case, you will receive a certain percentage of the purchase price. Making money with affiliate marketing is that easy.
How much do you earn per purchase?
The average commission is 5 to 100% of the purchase price. In some branches this is lower (travel, for example) or you get a fixed compensation per purchase. The great thing about this is that although you only promote product X, your visitor is also allowed to buy product Z. As long as it is with producer Y, you will receive pocket money on all purchased goods.
How much you earn is the sum of the concluded commission and the purchase amount of your visitor. If your visitor orders for $100 worth of power bank at Jiji, you will receive $50,- If the commission for that product is 50%.
There are various affiliate networks which hundreds of advertisers are affiliated. All you need to do is sign up with these networks, get approved, and then check out their list of advertisers you work with.
If you want to promote name cheap domain as am affiliate all you need to do is to sign up as affiliate on cj network and apply to join them. If your blog suits them, they will immediately approve you.
Affiliate networks to join.
I have been so much engage as an affiliate marketer here in Nigeria, I have a lot of experience with affiliate campaigns and also my preference for the various affiliate networks. I will list the most important networks for making money with affiliate marketing in my opinion:
- My Favorite: Commission Junction With more than hundreds of affiliated advertisers, you can always go here regardless of your type of blog. They Have plenty of affiliate products to promote up to 3000 affiliate program here from surveys, dating, finance, insurance etc.
- Shareasell is almost as big and wide as commission junction Travel bloggers are also at the right place here, you will also find more than enough housing websites.
- For me, Clickbank is the network for Make money online bloggers. Here you will find lots of digital products such as eBook, course etc via clickbank.
Others include shop sites like konga, Julia which have an in house affiliate program you can sign up to.