Many ask me how to generate passive income online? How to make money online? What do I need to know to work online, how much money to invest, and so on?
If you want a complete idea about Cheapest Way to Start Affiliate Marketing then this article of mine will help you to understand the structure of affiliate marketing and you can start working if you want.
Each company hires sales executives to sell the products or services they own, who are given some sales targets each month and are hired by the company on a monthly basis.
Some companies offer affiliate options to sell their products or services, where anyone can join and their contract with the company is commission based.
Suppose you join a company’s affiliate program, if you can sell a product of that company, the company will pay you a certain commission for each copy sold. This marketing module is called affiliate marketing.
Here the company will not pay you any monthly salary, you will get commission only if you can sell. Here comes the question, how will the company understand that you sold the product?
Yes, when you join a company as an affiliate marketer, they will create a link for you. You need to bring the customer to that link and if someone buys the product from that link then the company will easily understand that it has been sold through you and you will get your commission.
How does affiliate marketing work?
In affiliate marketing, unique links are created for all marketers and through those links the company can track sales and pay commission to affiliate marketers. There are two ways to do this.
- Individual Company affiliate marketing programs
- Direct Affiliate Marketplace
Affiliate marketing modules are a very profitable marketing method. That is why many marketplaces have been created in the world, which list offers from different companies (vendors) in their marketplaces. And those marketplaces are open to affiliate marketers so that affiliate marketers can generate sales by marketing those companies or products.
Popular marketplaces in the world
- Clickbank affiliate
- Amazon Associates
- Share sales
- Impact Radius Etc.
There are many other great marketplaces like this, where you can join and earn money by affiliate marketing with world-famous products or company services.
Individual Company Affiliate Program
There are also many affiliates offers available outside the marketplace. Basically, there are many companies that are giving their products the opportunity to affiliate through their own tracking system. Such companies build their own tracking platform and allow affiliate marketers to work with them.
For example, some individual company affiliate marketing programs:
- Amazon Associates
- Thrive Themes
- Clickbank affiliate
- shopify affiliate
These companies are giving affiliate marketers the opportunity to work through their own tracking system. There are many more companies like this and you can join and work as an affiliate marketer in those companies if you want.
How do I get the money?
Many counties are the main problem in the payment gateway. You make money by working as an affiliate marketer, but if you can’t cash it, that’s a big deal. Most companies make payments through PayPal and banks.
Your best payment solution is Payoneer and PayPal.I recommended these option for the payment gateway.
When you set up a Payoneer account here, they will give you 1 USA bank account and we will be able to take payment through that bank account in the affiliate network.
Income from affiliate marketing programs
Many of us have this question in mind, is it possible to make passive income through affiliate marketing? Yes, possible. However, many of us do not know what kind of income is actually.
Let’s not know this thing before we go to work. There are basically two types of income.
Active income is a fixed time and pricing for work. Such may be your job. The office pays you a fixed salary if you work full months. If you do not work but do not get any salary.
This is what we basically call active income. If I give another example, for example, those who are day labourers will be paid if they work, if they do not work, they will not be paid at all. Most of our income is basically active income.
Passive income is a type of income system where you do not always have to work to earn income. You can easily understand by giving an example, for example, if you build a house and you rent that house, then you are earning income every month. You have created your asset at a cost of 1 time. But you are earning income from there without any extra work.
To me, the pension system of government service also seems to be a passive income. Like you are working for a certain period of time and after that, you are getting a monthly pension without any work. (Many may have arguments). I have given examples just to make you understand.
What you need to know to do affiliate marketing?
Many people think that I have to spend a lot of time doing affiliate marketing, again I need to know a lot, is it really so? Let me try to explain the matter to you and discuss in detail what you need to know.
You don’t need to know much to do affiliate marketing, but yes, it is a skill and you must have some qualifications here. Since you have to sell a product you must have a good idea about marketing.
Below are some of the things that will help you if you know how to do affiliate marketing:
3.English (Basic Knowledge)
5.The habit of writing a little
6.Minimum 1 hour per day
All of the things I said above are not something that you have to do knowingly. If you know these things, you will be able to move forward more easily than others.
What it takes to do affiliate marketing?
Want to start affiliate marketing but don’t understand what it takes? I’m telling you what you need and how much money you can get started.
Many people think that affiliate marketing requires a lot of money because you have heard in many places that you have to do paid campaigns. In fact, you can even start for free if you want. But I definitely don’t recommend it.
One thing you need to understand is that affiliate marketing is an independent profession and your own business. Since it is a business and here money and income are involved. That’s why I recommend working with a minimum budget.
If you want, you can go to work with a budget of only 50-100 dollars. Below is a list of what it will cost and where it will cost:
Own 1 website (2500-3000 rupees per year)
Site Design (Free, if you have a basic idea about WordPress)
Website article (free, if you know your basic English and have a writing habit)
Traffic Generation (from Free, SEO and Social Media)
Email marketing (there are two types of free and paid)
This means that you can start affiliate marketing only if you have only 200-300 dollar per year.
Affiliate Marketing Commission Structure
Many ask me where I pay the commission for affiliate marketing, and whether it is better to work with physical or digital products. Yes, affiliate marketing can be done with two types of products, and that is:
Physical products are those products that can be used physically in practice. For example, a television. If you are an affiliate of a television company then your buyer will physically use that product. And here the issue of physical product delivery is involved.
In the case of physical product affiliates, their commission structure is always a little lower. 5% – 20% depending on the company. This means that if you sell a product, you will get a commission of 5% to 20%.
I think you understand what a digital product is. You can use this type of product digitally. Such as any software, ebook, video course, any digital service etc.
The commission level of digital products is much better, such as 50% to 75%. Sometimes up to 100% commission is available. The main reason for this is that there is no problem with product delivery, delivery is done online. This means that if you can sell 1 product for 100, the income will be 50 with a 50% commission.
If you ask me what kind of product do you prefer?
I mainly work with digital products, because here I like the commission structure and this type of product.
How to start affiliate marketing?
Many people think that it is very difficult to start affiliate marketing, but many people do not understand where to start. If you want to start affiliate marketing, you can start by following only 3 steps.
Here are 3 easy steps to affiliate marketing:
2.Sales funnel made
If you want to start affiliate marketing, first you have to select a good product. But before that one job is niche selection. Yes, niche means product category. What kind of product do you want to work with?
For example, if you work with a weight loss product, then it is basically a product of Health Nish. Here are some quick tips in niche selection, you will work on the subject that you understand well. Assuming you like football very much, then you work with sports niche.
This will help you better understand your audience and explain the offer very easily. But all the time that the niche you choose will be good but no, so you have to see how the product of that niche is sold.
These 3 niches are more popular among the popular niches in the world
- Relationships (relationships, love, dating, marriage, etc.)
By selecting Nish, you will get a good product from any marketplace and create your affiliate links. You can also join the affiliate program of any individual company if you want.
Sales funnel made
After getting the affiliate link, many of us think that if we send visitors to that link, we will get the sale. This is where 80% of marketers make mistakes and after getting the affiliate link they start sharing it in different ways. As a result, no cell is generated and many times the affiliate account is suspended.
You have to understand that the audience never buys a product to show 1. Think for yourself, what product did you see on any post on Facebook. I assume you like it. Did you buy the product right away?
Of course not.
You do research on that product, ask 2-1 people, then you buy the product. Similarly, don’t buy the product to show 1 from your audience and your link. For this, you need to create a sales funnel.
Traffic generation is one of the most important aspects of online business. I always say that the goal is to create a website or sales funnel by spending money if you can not bring traffic to the site. Now the question is how can I generate traffic in my sales funnel?
There are two ways to generate traffic
What is free traffic?
The traffic that you do not have to spend money to send is basically called Free Traffic Generation Tips. You can send free traffic in many different ways, the most popular of which are SEO or organic search traffic.
You can drive more traffic by SEO of your sales funnel or website.
Another simple and popular medium is video marketing. You can create a channel on YouTube and publish a video there, giving your funnel link to the description of that video. And from here you can get a lot of free traffic.
Another simple and viral medium is video marketing. You can create a channel on YouTube and publish a video there, giving your funnel link to the description of that video. And from here you can get a lot of free traffic.
If you want you can generate traffic from question-answer sites. This topic has been discussed in detail in my affiliate marketing course on how you can generate free visitor from sites like Facebook, Instagram, YouTube, Quora etc.
What is paid traffic?
When you invest money to generate traffic, it is called paid traffic generation. You can generate paid visitors from various sources, such as Google Ads, Facebook Ads, YouTube Video Ads, etc.
One thing to keep in mind is that a paid campaign does not mean income. When you do run a paid campaign, you must understand your targeting well. If you start a paid campaign without knowing it, you will be more likely to lose.
Pro Tips: If you want to make paid traffic, never campaign in many places at once, such as Google, Facebook, Instagram. Start with one traffic source and learn it very well first then try another source.
Special Recommended Tools for Affiliate Marketing
Domain And Hosting: Bluehost
Marketplace: Jvzoo, Clickbank, Warriorplus
Sales Funnel Creator: Convertpro
Traffic Generation place: Facebook, Twitter, Google Ads
Link Tracking: Clickmagic
Email marketing: Moosend
Thanks for reading the full article, hope you understand how the affiliate marketing system works and how you can get started.
How Much Money Can Be Earned By Affiliate Marketing Programs?
According to 2020 estimates, affiliate commissions in the USA alone generate 7 6.7 billion annually. There are many marketers who are earning 50 thousand to 1 lakh dollars per month only through affiliate marketing.
But their words are a little different, if I take the average calculation, it is possible to make money 5,000 to 10,000 per month. If you want to make money for this kind of income then you must work at that level.
How much time do you have to spend on affiliate marketing?
If you depend on free visitor then I think 3/4 hours a day is enough for you. And if you work with paid traffic sources, you can start your affiliate marketing business by giving you 1 hour every day.
How much does it cost to invest?
I have said before that if you have a high budget then you can start your business with only 50 dollars. But if you ask me about the standard money, I would say that if you have a budget of 500, you can start a business with ease.
How many days after I can make an income?
Each person’s Idea is different, so it is very difficult to answer this question. But yes, from my experience I can say that if you give at least six months time then it is possible to do something good from here. But you have to control it and keep working, you can’t be disappointed.
What is a cookies policy?
The funniest thing about affiliate marketing is the cookies policy. When you drive a visitor to your affiliate link, some code is stored in that visitor’s web browser (which is your affiliate link).
If the traffic does not buy the product at that time and buys the product from that website at any other time, then that sale will be calculated through your affiliate link. (But only if the cookie file is stored in his browser file)
Most affiliate programs I’ve seen have cookies active for 30 days to 1 year. However, if the traffic removes his browser’s history files and cookies files, you will not receive a commission.
What is the benefit of the paid campaign?
Many people think that paid campaign means income. In fact, this is not the case and if you do not target the visitor accurately, you will be at a loss. One thing is for sure, affiliate marketing is not an investment program.
This means that if you invest here and the money doubles, that’s not the case.
Here you are advertising a product by paying campaign. If someone buys the product after seeing this advertisement, you will get the commission. You see a lot of ads yourself, do you buy all the products?
Therefore, if the targeting is correct, the chances of getting a cell will be much higher.
Thank you, if you like my article, please let me know in the comments below and if you have any questions, please write in the comments. I will definitely answer your question inshaAllah.