Imagine the situation: you devote a couple of hours a day to your work from home, and your monthly income is in the thousands of dollars. Lately, there are more and more people on the Internet bragging about earning from affiliate marketing. Having time for yourself and your hobbies, working from home, and earning passive income is a dream for many people. But is everything so rosy in the world of affiliate programs? Today we will talk about what are affiliate programs and how to earn on them? Also, bring up the topic of average affiliate marketing income. Read the article to the end, it will be interesting!
What is an affiliate program/marketing?
An affiliate or referral program is a contract between a seller and his marketing partner. The latter is responsible for distributing advertisements for the service the seller owns, or for popularizing his products. For each successful transaction from his partner, the seller pays a percentage or a fixed amount.
What is the benefit of such a partnership? For the affiliate, this partnership is beneficial in that without his product or service, he gets a benefit for each transaction. The seller, in turn, saves on full-scale, expensive advertising campaigns by entrusting the attraction of new clients to his partners.
The mechanism of affiliate programs is quite simple. The affiliate marketing works according to a certain scheme:
- Partners use online advertising to attract potential customers to the advertiser’s site.
- Each partner receives a set of advertising tools or just a referral link. He places them on the resources, which he chooses himself.
- If the attracted users buy goods, order services, fill out an online form, or perform other actions required by the advertiser, the seller will pay the remuneration to the partner.
Everyone wins, everyone is happy. There are affiliate programs on almost every marketplace.
What exactly are the fees for the services of a partner?
In general, there are several payment models:
- Revenue Share (or RevShare for short) – a share of the profits earned from a referred client. This model is less frequently used because it represents long-term work and constant payments to partners. It is a more favorable payment model for the partner when the client is expected to bring the advertiser money repeatedly. RevShare is used in affiliate links of online casinos, FOREX platforms, sports betting, CFD contracts, etc.
- CPA – cost per action. This payment model means that the payment is received only if the customer performs the action required by the advertiser. Here already not enough simply to bring the potential client to the advertiser’s site. What actions can be required by the client? For example, the client must subscribe to the content or register on the site, pay for a product or service, fill out an online form, install a mobile app. Under CPA, remuneration is paid only once per client.
Features of affiliate programs
The affiliate or referral program is a way of making money that is notable for its versatility. Affiliates can be both owners of their resources with millions of readers and ordinary Internet users who are just learning the marketing business and starting from scratch. The former and the latter are about to advertise the seller’s service through social networks, e-mail or forums, that is, any means by which it is possible to reach a large target audience. For the partner, the main goal is to entice the customer. Some sellers prefer to use their advertising, they provide their partners with ready-made banners, videos, and promotional content. But usually, the partners themselves create a bright appealing advertisement, write articles and shoot videos about why the client should choose this particular product or service. The promotional material is necessarily accompanied by a referral link so that the seller knows where the customer is coming from.
How to start earning from affiliate programs?
You do not need to be a genius to make money from affiliate programs, all you need is to stick to the following main points:
- Find a seller and register in an affiliate program.
- Pick up an offer (an advertiser’s proposal. It describes the product, the information about it, the required action, the target audience, the allowed types of advertising, the amount of remuneration, and other details).
- Determine its target audience and think if your followers fit it.
- Select a source of traffic, and launch an advertising campaign.
- Connect the traffic to the referral link.
- Do some statistics, try to adjust advertising, so you know that people buy and affiliate pays you a commission.
- Never stop on small winnings, your work should be paid off.
- It is important to decrease the cost of traffic and increase its quality to make a profit. The quality traffic is people, who will be interested in the advertiser’s product or service. Then a part of these users will become customers, and you will be rewarded for it.
Become rich: how much can you earn from affiliate marketing?
Affiliate income is closely related to the seller’s income because it is the percentage from the latter that the affiliate receives money. The main factors which influence affiliate earnings:
- the chosen niche;
- the volume of traffic and its cost;
- quality of clients;
- model of payment and conditions of the contract.
Undoubtedly, experience and finances for the affiliate business play a big role, but the first profit can be received with any amount of initial capital, even at the beginning. Beginning affiliates can earn from $10 to $15 a day, but it also happens that they sit for months without profit and suffer only losses. Experienced affiliates have a stable average income of $5000-$10000.
Patience is the key to success in affiliate marketing
Remember, this is not an easy path. There will be times when doubts will begin to creep in, because you do so much, but you get so little. And then the main thing is not to give up and continue to work every day. The result can exceed your expectations! So, choose the right strategy and have patience. We wish you great earnings on affiliate programs!
