Are you looking for a way to make money online? If so, you may have heard of affiliate marketing. Affiliate marketing is a great way to earn a passive income online. And, it’s also a great way to get started with making money online.
However, there are a few things you need to know about affiliate marketing before you get started. In this article, we’re going to take a look at what affiliate marketing is, how it works, and how you can get started with it in 2020.
What Is Affiliate Marketing?
Affiliate marketing is a performance-based marketing model in which businesses pay affiliates for each visitor or customer they bring to their website or business.
Essentially, affiliate marketing is a way for businesses to outsource their marketing efforts to people who are willing to promote their products or services. And, in exchange for promoting the business, the affiliate gets a commission on any sales they generate.
How Does Affiliate Marketing Work?
Now that we know what affiliate marketing is, let’s take a look at how it works.
There are four main parties involved in affiliate marketing: the merchant (also known as the advertiser), the network, the publisher (also known as the affiliate), and the customer. Let’s take a look at each one individually:
The Merchant: The merchant is the business that wants to promote its products or services through an affiliate program. In order to start an affiliate program, merchants must first sign up with an affiliate network (more on that later). Once they’ve done that, they can then start recruiting affiliates to promote their products or services. Merchants usually offer affiliates a commission on any sales they generate – this is how affiliates make money with affiliate marketing. It’s important to note that merchants don’t pay affiliates upfront; they only pay them after the sale has been made. Some common examples of merchants include Amazon, Walmart, eBay, and Clickbank
