Affiliate Marketing Explained - Beginner's Guide with Resources and Tools

Are you looking for a way to make money online without the hassle of creating your own products or services?

If you have a smartphone, an internet connection, and a strong desire to change your life.

You can succeed as an affiliate marketer.

If so, affiliate marketing may be the answer you've been looking for.

In this beginner's guide, I'll explain what affiliate marketing is, how it works, and provide you with resources and tools to help you get started.

Most affiliate marketing are usually free to start with, so you don't need money to get started.

Applying a right strategy, you can move your affiliate business from side hustle to a full time online business that earns you 5 or 7 figures income monthly.

                  Top 5 Affiliate Marketing Statistics 2023

What is Affiliate Marketing?

Affiliate marketing is a performance-based marketing strategy in which an advertiser (also known as a merchant or vendor) pays a commission to an affiliate (also known as a publisher or promoter) for each sale or conversion generated through the affiliate's marketing efforts.

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In other words, an affiliate promotes a product or service to their audience and earns a commission for each sale or conversion that they generate.

The advertiser benefits by getting more exposure for their product or service, and the affiliate benefits by earning a commission without having to create their own product or service.

For example if you join Expertnaire and was able to sell one of their high selling course(72Ig Income generator BluePrint), you will get N32,500 per sale.

How Does Affiliate Marketing Work?

Here's a simplified overview of how affiliate marketing works:

1. The advertiser creates an affiliate program and provides promotional materials such as banners, links, and product information to the affiliate.

2. The affiliate promotes the advertiser's products or services to their audience through various channels such as social media, email, blog posts, or paid advertising.

3. The affiliate earns a commission for each sale or conversion generated through their promotional efforts.

4. The advertiser tracks and manages the affiliate's performance and pays out commissions on a regular basic

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              Ways Affiliate Marketers Get Paid

Pay Per Click:  This is a affilaite system where you get paid a certain commision for every click on your affiliate link. This is not a common affiliate type.

Pay Per Lead: You get paid every time some one signs up for something through your link. It can be through e-mail, sweepstake e.t.c

Pay Per Install: You get paid foreveryone that installed an app or software through your link.

Pay Per action: You get paid for people carrying out a particular action. e.g signup, form submission, newsletter signup, a click and so on.

Resources and Tools for Affiliate Marketing

Now that you have a basic understanding of what affiliate marketing is and how it works, let's explore some resources and tools that can help you get started:

1. Affiliate Networks - An affiliate network is a platform that connects advertisers with affiliates. Some popular affiliate networks include ShareASale, Commission Junction, and ClickBank.

2. Affiliate Programs - Many companies have their own affiliate programs that you can join directly. Some examples include Amazon Associates,interserver web hosting affiliate program, eBay Partner Network, and Shopify Affiliate Program.

3. Affiliate Marketing Courses - If you're looking to learn more about affiliate marketing, there are plenty of courses available online. Some popular options include Affiliate Marketing Mastery by Toyin Omotoso, Authority Hacker Pro, and Jonathan Montoya Affiliate program.

4. Affiliate Marketing Tools - There are several tools that can help you with various aspects of affiliate marketing such as keyword research, link tracking, and content creation. Some examples include Ahrefs, SEMrush, and Canva.

 Are People Making Money From Affiliate Marketing?

Conclusion

Affiliate marketing can be a great way to make money online, especially if you're just getting started and don't have your own products or services to sell.

By promoting other people's products or services, you can earn a commission and build a passive income stream.

With the resources and tools available, it's never been easier to get started with affiliate marketing.