What is Affiliate Marketing?
Affiliate Marketing is promoting a product or service for a commission. It is really a form of Internet Marketing. When a person chooses to have the product or service promoted, a commission is paid to the promoter, the Affiliate Marketer.
What are the main types of Affiliate Marketing?
There is really three main types of Affiliate Marketing. Firstly there is what I will call normal Affiliate Marketing, where a digital product or service, usually of a particular niche is promoted for a commission.
The second main type is known as CPA Affiliate Marketing. This is similar to normal Affiliate Marketing in that it is usually digital products or services, but the difference with CPA Affiliate Marketing is that the product or service is usually free and therefore the commission is usually significantly less.
The third main type of Affiliate Marketing I will describe is the Amazon Associates program. Obviously this is promoting Amazon products, which could be digital or physical products from Amazon’s website. There are probably similar programs to the Amazon program from other large e-commerce sites (such as Shopify etc.), but Amazon is such a huge online retailer that I think it’s program deserves to be considered one of the main types of Affiliate Marketing.
Which type of Affiliate Marketing is best?
Like many things, everyone has their favorite. The main difference between normal Affiliate Marketing, CPA, and Amazon is the commission levels. Normal Affiliate Marketing can typically be a commission anywhere between 10% and 100%. Yes, some commissions are actually 100%!
Amazon Affiliate commission is only 4%, rising to 8%. This small commission probably puts some people off promoting Amazon products as not worthwhile, but it is more interesting than that. What appears to be fairly unique about the Amazon Associates program is that if an Affiliate promotes a product that a person buys, the affiliate ALSO gets commission for anything else that person buys on Amazon on that day! Obviously this could boost the Affiliate Marketer’s commission substantially!
CPA Affiliate Marketing is different again. As mentioned earlier, with CPA Affiliate Marketing the product or service is usually free, and with this type of Affiliate Marketing, the commission is typically a fixed amount rather than a percentage, e.g. $1.50 to $100. To make money online with CPA Affiliate Marketing you would obviously have to get a lot of people to take the free product or service that pays $1.50. Alternatively, you wouldn’t need many people to take the free product or service that pays $100! Typically these would be larger commitment items such as Loans and Mortgages.
I would say that it is obvious that Affiliate Marketing has huge money making potential and is worth learning. It is clear that you could make a lot of money online if you learn to do Affiliate Marketing well. In fact from my research I have learnt that many people are making SIX FIGURES or SEVEN FIGURES per year – that’s at least $100,000 or $1,000,000 per year! In fact I know of at least one person that has took Affiliate Marketing to the next level and has offices in three countries, employing over 100 people, with a turnover of over $100 Million.
Learn Affiliate Marketing
Most of the people earning high levels are doing what I call normal Affiliate Marketing and it is that type of Affiliate Marketing that I will concentrate on in the next posts. If you want to Learn Affiliate Marketing then check out my next post ‘How to get started in Affiliate Marketing. Your first steps.’ As it suggests, it is my first post on How to Learn Affiliate Marketing and I will be building on it so that this blog will become a step by step beginners course on Affiliate Marketing from the ground up, i.e. starting from scratch.
If you are considering a niche for Affiliate Marketing or any Online Business I recommend the book I read ‘Internet Business Insights’ which is full of lots of interesting ideas on how to make money online. The links are below:
Don’t forget to Get the Free Course: ‘How I Earn Money Online!’ It is by a top Internet Marketer and is normally $67. Get it Free while you can! There is also a menu at the top with recommended affiliate products and Free Plugins.