Lets face it, no one wants to get up early in the morning, Drive through an hour of ungodly traffic, Work tirelessly from 9’o clock to 5’o clockjust to make both ends meet!! What if there was a better way? What if you can earn hundreds of Dollars at any time, at anyplace Sounds good Right? Affiliate marketing is the way to earn easy money by harnessing the power of internet. So , let’s see what Affiliate Marketing is and how it works.
Affiliate Marketing is the type of Digital Marketing so lets first learn about Digital Marketing.
With ever increasing number of people going online. Internet has become as big a market as any other people are running full time businesses, doing jobs all through the internet. Digital Marketing refers to meeting people at the right time via internet.
Digital Marketing includes all marketing efforts done by marketer using electronic devices and internet. Companies run expensive and extensive digital marketing campaigns to target specific audience. For example, an online cloth wear website will target audience between 17-25 using Instagram to show them specific content which they might be interested in buying.
Digital Marketing includes
- Content Marketing
- Social Media Marketing
- Email Marketing
- Search Engine Optimization
- Affiliate Marketing
Now let’s dive in and explore more about best affiliate programs for beginners!
What is Affiliate Marketing
Smart business owners know that there is always a way to grow their income by targeting a larger domain of people. That does not specifically mean to start another business it is almost always easier and practical to grow your existing business.
Affiliate Marketing is an online sales mechanism that allows others to target the same audience and sell your product. This results in significant online sales revenue for your company and your “Affiliates”. Affiliates earn a commission on each sale that is made using their platform such as their blog, social media platforms, emails without even creating their own products. If its done well, this opportunity can become an important part
of every growing business and can generate hefty income for both parties. Now let’s move on to the more important question that is how Affiliate Marketing is actually done.
How does Affiliate Marketing Work?
Affiliate marketing is done by distributing the responsibilities of product marketing among different parties, it manages to create a more practical and more effective strategy while providing all the parties involved with a share of profit. To make this strategy work usually 3 parties are involved
- Product Creator
- Affiliate (advertiser)
The Seller also known as the brand is the vendor that is the owner and creator of the product that is to be marketed. This party does not need to be directly involved in the marketing of the product. The Affiliate or the advertiser is an individual or a company that markets the brand’s product in a more engaging way to consumer to convince them to buy the marketed product that will help them get their share of the profit. Consumer is the center of attention in the Affiliate marketing technique or in any marketing technique for that matter. Their interests drive this whole campaign that are developed using blogs and websites by the affiliates. The Advertiser can choose his level of discretion of whether he wants to tell the consumer that he is taking profits on the sale or not. Either way whenever the consumer buys a product the profits are divided between Seller and Affiliates without notifying the consumer how the shares are divided among concerned parties.
How Affiliate Marketers get paid
For those looking to increase their income online affiliate marketing is an undeniable draw. It is a quick and inexpensive way of earning money without having to do actual work of selling the product. But the question here is that how an affiliate earn money by connecting consumer to the seller brand. The answer is somewhat complex. The consumer doesn’t even have to buy the marketed product, sometimes the job is done, and the affiliate receives some share of money just when he has directed the user to the seller’s page. However, there are 3 methods to get paid.
1. Pay at every Sale
This is the main structure of affiliate marketing. This is the most commonly understood and used behavior. Here the advertiser gets paid when the consumer follows the link he provided and goes on to actually buying the product of the merchant site. In simplifications the consumer here must actually buy the marketed product for affiliate to get paid in this form of payment.
2. Pay at every Link
This program is a little complex. Here the main goal is that the consumer should follow the path to the merchant’s website and perform a task like filling a form or signing up etc. The consumer doesn’t have to buy the marketed product here for the affiliate to get the share of the money.
3. Pay at every Click
This programs perfectly depicts how easy it is to earn through affiliate marketing. In this scenario all the affiliate has to do to get his incentive is to make his blog interesting enough so that the consumer just clicks on the links and land on the merchant’s website. This also helps in increasing the web traffic for the merchant’s page.
List of Best Affiliate Programs for Beginners
As a newbie in the affiliate marketing world, choosing the best affiliate program in 2019 is not an easy task. That’s why we’ve put together top 4 list of the best affiliate programs for beginners in 2019:
MaxBounty is one of the only few companies that work specifically in the field of affiliate marketing. MaxBounty directly works in the field of Niche and claims to have 1000+ campaigns. They also work in field of digital marketing. The average payoff depends of the kind of campaign you are working on, but their website claims it to be in between $2.50 to $85.
MaxBounty is also involves in number of other markets involving real estate, social games, finance, Dating and Diet but its primary designs for affiliate to earn from new leads.Max Bounty are perhaps the best mid-level to top level dedicated internet marketers who are expert in managing and sending traffic.
- They even have a $1000 bonus for marketers that make up to $1000 in their first 3 months
- They have a highly responsive system and have worked with some high-profile brands
- They have very strict anti-spam rule that increases their credibility
- For a new affiliate marketer this is probably not the best platform to start earnings from
- It can also take a long time to approve the affiliate application and
- The process may also include a voice call.
Shopify is one of the post popular website building platform, especially for building Ecommerce sites. It has shown a significant growth over the period of time where its been around. Their affiliate program has one of the best commission rates.
They have different account types for user as well as third party themes, applications and plugins. Commissions are paid whenever a user buys a product for even sign up to a free trial on the website. Their average commission rate is $58 as per their website but according to the plan selected by the paying customer it ranges between $2000 to $58.
- They give a chance to earn a staggering 200% per sale
- They have a very dedicated customer care service and live chat to help the customers
- They have a very good brand recognition and they pay their affiliates a handsome amount to bonuses
- They link you with a very dedicated affiliate manager
- The drawback is that only people interested in Shopify are customers that have physical or digital products to sell to their customers
- This however reduces the chances for affiliates to work with them
- you have to wait at least a period to 2 months for your affiliate programs to make you some money
Amazon’s affiliate Marketing program is probably the best affiliate programs for beginners. Anyone who is familiar with what Affiliate Marketing is, knows all about Amazon’s program. The reason for that is Amazon eradicates one of the biggest problems a new Affiliate Marketer faces that is not being approved because of low website traffic. At Amazon you can get selected even without a very large number of audiences.
The commission rate varies from categories to categories for example, you can earn around 2% in the video games category however the on the flip side up to 10% commission is available on some items like Amazon coins, fashion. It is very difficult to find a platform that provides commission on as wide range of products as Amazon do. However, some complain that their commission rates are less than others, but the truth is that everyone wants Amazon’s product on their website if they want to make quick bucks.
- They have one of the most flexible Sign up criteria
- Amazon is one of the biggest brands in the world, so they are very trustworthy and supportive
- They work in almost every Niche available
- They have low Commission structure and pay less than 5% on most of the products
- They have a 24-hour cookie system. You don’t get commission after that even that purchase was made from your link
If you are a seller you can set up your product and then market it through Click Bank. Their Affiliate program isn’t as well-known as Amazon, but it also provides great opportunity to recommend products to users. All you have to go as an Affiliate is to sign up and get started with their program. Click bank will provide you with your unique Affiliate key that will point to the merchant’s site.
Here are some pros and cons of click bank affiliate program.
- They have a very high commission rate. They can pay you as much as 70% commission. Yes, you read that right.
- They pay you fast
- They are friendly to new affiliates
- They have a big variety of products so there is a lot to work with for an affiliate
- There are many valueless products on Click bank which look scam
- Many independent reviews which are given by public and affiliates are negative
- They have an outdated website and user interface can be greatly improved.