Affiliate marketing is a way of promoting products or services that someone else advises customers to buy from the business they are promoting. Affiliate marketing average income depends on the agreed percentage of income that the direct seller receives from each sale, as well as on the activity of the affiliate seller.
Affiliate Marketing Features
One of the partners has a certain product or service and is interested in offering it to as many customers as possible. The second one has no product, but has an online audience that is ready to listen to their influencer. In this case, someone who has a specific audience can advertise the product using an affiliate link.
Thus, one of the partners is directly involved in the product, its implementation, delivery and other issues, and the second one is responsible for advertising, and receives a percentage of sales.
Good earnings come from those marketers who already have a loyal online audience that is trusted and ready to shop. In this case, by placing an affiliate link on his blog or website, the marketer shares his audience with the seller, and part of his income even becomes passive.
Both small sellers and fairly large online markets, such as Ali Express or Amazon, work successfully under the affiliate marketing scheme. They are ready to encourage those who are willing to honestly share their impressions of the product with an attached link to it.
How Does Affiliate Marketing Work?
Many partners find each other directly, and agree on cooperation without intermediaries. In this format, there is a certain risk for both parties, but the marketer’s revenue in this case may be higher.
The second option is to work through an affiliate network, which acts as an intermediary between the seller and the marketer and provides guarantees of payments. Payments in the affiliate network are lower, but the marketer can cooperate with several suppliers of products at the same time, and earn more precisely due to this.
How does it work?
- Each marketer is provided with a personal code that is included in the URL when a product link is provided.
- When a customer makes a purchase using this personalized link, the system automatically reads this code and understands where the customer came from.
- Part of the cost of the product is automatically sent to the marketer’s account. And this happens every time you make the recommended purchase.
At the end of a certain period or upon reaching a certain amount, the marketer has the right to cash out his income and continue to do his business.
Who Has a Good Chance of Becoming a Sales Partner?
It is easier for an affiliate marketer if he has access to a large online audience:
- Bloggers and influencers.
- Microsite owners who are well versed in SEO and understand how to make a product known and capitalize on it.
- Email marketers who have a huge database of addresses and a certain amount of trust from the target audience.
The optimal solution is to promote those products that are thematically related to the main direction of the project. For example, it would be advisable for a blogger who writes or tells everything about hairstyles to sell any hair care products or tools.
How Much Do Affiliate Marketers Earn?
Your earnings depend on the number of audiences you interact with. Stories like those of Tom Dupuis, for example, are inspiring. Tom raised revenues to $ 150,000 in a few years. But will everyone have it?
Average income is about $ 20,000. However, in most cases, conversions are up to 5%, and here the marketer’s income depends more on the price of the product he is advertising. To achieve high results, you need to work hard, invest your knowledge, time and even money on additional advertising.
Most importantly, do not be afraid to try new things, to conquer new heights, and your efforts will pay off.