Affiliate Marketing is a well-known business all over the world but not every person knows how to earn money with it, and yes when people heard about the concept of how it’s work then every person think it’s very easy to do Affiliate business because you just need to sell someone else’s product and you will make money out it right, it’s simple, you no need to invest any kind of money and it’s fun thing to do. Now if you are one of those people who thinks like that then, first of all, you really need to learn how actually Affiliate Market business works. So here today I am going to tell you how you can earn money, how to make a brand out it and most important where to start, so let’s begin.
“Affiliate marketing has made businesses millions and ordinary people millionaires.” -Bo Bennet
What is Affiliate Marketing?
A simple question and here is a simple answer, it means you need to promote someone else’s product and when the user purchases something from your promoted links,- Now the big question is, where you will get a product link or how you will know company want to promote their product, so for that, you can sign up for affiliate program on Amazon, Flipkart, ClickBank, Banggood and if you want to promote Web Hosting then you can sign up for Big Rock, Hostgator, Bluehost, SiteGround, etc.
it’s a simple thing, you just need to promote someone else’s product and from there you will get some amount of commission and this is how you will make tons of money.
Affiliate Commission Rate
Keep in mind, the commission rate will be different on different platforms. For example, on electronics (Mobile phone, etc), you will get less commission but if you sell product related Health & Personal Care then you will get a much bigger commission. Now just forget about electronics & Personal Care, if you sale Web Hosting then you will get bubble earing then what you will get form clothing sale. So try everything and figure out what works best for you.
For example, here is the Amazon full commission graph data (all E-commerce website will have the same commission are apart of Web Hosting providers)
|Product Category||Commission Rate
|Kindle Devices & eBooks||10%
|Consumer Electronics & Accessories (excl. Data Storage Devices)||4%
|iPhone 7, 7 Plus, 8, 8 Plus||2.5%
|Apparel & Shoes||9%
|Health & Personal Care||8%|
|Music, Movies, Video games and Software||8%|
|Cars, Motorbikes and Industrial Products||9%|
|Toys and Baby Products||9%|
|Jewellery (excluding Gold and Silver coins)||0.2%|
|Home and Kitchen||9%|
|Personal Care Appliances||8%|
|Fire TV Stick & other Amazon devices||10%|
|Luggage and Bags||9%|
|Sports, Fitness and Outdoors||9%|
|Office and Stationery||8%|
|Grocery and Gourmet||8%|
|Data Storage Devices||2%|
|Tyres, Bicycles & Heavy Gym Equipment||2.5%|
How to Promote Affiliate Business
There are lots of ways that you can promote your Affiliate Marketing business all over the world. The one thing you can do is, create your own website but yes, to create a website you will need some money because you need to buy Domain name for your business, need to buy hosting for your domain and after that, you can promote a particular product on your website, if you don’t know how to create website then click right here…
Now if you don’t want to spend any kind of money then you can create a YouTube Channel and from there you can build your audience or start a Facebook ad campaign, you can also use Twitter, Instagram, Quora, and many other social media platform to promote a product. You can also use Google ads but keep in mind, it will be a little bit expensive than Facebook ads.
The only thing you need to remember is, you will not gonna make $1000 in one day or one week, it will take some time when starting a new thing but eventually you will make some money, so if you want to start an Affiliate business then don’t lose your patience and keep going.
Best Website for Affiliate Marketing in India
As I told you there are lots of websites you can use for Affiliate Marketing but matter fact is not most of the people know every single website and if people don’t know anything about the website you are promoting then they will not gonna buy anything from there. So here in India, you can use Amazon IN, Flipkart because people have trust in these websites.
Most of the people in India prefer that two E-commerce website and if know how to use those websites then you will make tons of money without investing. I will recommend you to use every single website that people knows, so you can learn more about Affiliate Marketing.
How to Choose Product?
Here is some point you need to know,
- The product must be popular
- The price must be affordable
- It must be available at local retailers
- Brand value
Whenever you select a product, it must be popular and if not then why people will buy that product right. So you need to select products that people can relate too and yes don’t ever chit with your audience because once they know you are promoting a bad product then they will not gonna come to your website again. Overall select a good product that people knows and also people can relate too.
Now the most important thing you need to remember when you choose a product, it must be a Price. Most of the people are looking for the best product at a budget price range, so if you want to earn money then choose a product as per people need and yes it must be available at some of the well-known E-commerce websites, so people can check out those products.
If you have a website and if you are not using an Email list then what are you doing, do it now. An e-mail list is the best way you can market your product because when you have the user E-mail address you can direct mail to that person and tell him about a product you are promoting, this way you will no need to run any kind of ads but yes you will need to build a strong audience.
Just imagine if you have 5,000 users E-mail address and if only 500 people buy a product from your Affiliate link then you can imagine how much money you will make. For example, 500 people purchased 500 hundred hard drive at Rs 6,000 ($86) and the Affiliate commission is 4% then you will make Rs 3,00,000 ($4326).
So overall it depends on you, how you market your product and which product you are promoting. A Good E-Mail list can be very useful for everything, so start now.
Before you start Affiliate Marketing, just learn how to choose a product, How Facebook ads work, how to promote a certain product on certain platforms. And when you start it, then please don’t stop it because if you stop doing it then nothing gonna happen, so give it a try and learn every day from your mistakes. Best of luck
Still, have a doubt about filiate Marketing then please don’t hesitate, just put your question in the comment section below.