In simple words, affiliate marketing means signing up with a product or service creator and promote their products and services and share the proceeds of the sales in the form of commission. No start up costs or special training is needed to take up affiliate marketing.
The main job of an affiliate marketer is to generate traffic to the pitch page of the product owner. Some of the traffic then converts to buyers. The key to a higher conversion rate is laser targeted traffic that you send to the pitch page.
What do Affiliates Promote
There are practically countless things that can be promoted by you as an affiliate. For example on Amazon, you can opt to promote both tangible and intangible products (digital downloads.) For example if paintball niche is of interest to you, you can get your Amazon Associate (Affiliate ID) and promote products related to paintballs, specific paintball guns and attire.
Another option is to visit sites like PayDotCom and Clickbank and register to get your unique affiliate ID which can be used for promotion of endless number of information products. Almost all topics on earth are covered by these from organic gardening to acne.
You can also give a thought to becoming an affiliate that promotes certain actions. There is a whole segment of internet marketers whose business model revolves around generating traffic that takes a particular action for example getting them to fill up a survey form.
Benefits of Affiliate Marketing
Creating products and developing ideas is not your headache when you are into affiliate marketing. Neither there is any requirement of having to deal with follow-ups of customer service or be continuously under pressure to create newer products for the marketplace.
The job of affiliate marketers if further made easier by product creators and owners who even give a toolbox which makes your job easier. Some of the material included in the toolbox is related to banner ads, ready-made emails, web reviews which are ready to be used by you by just inserting your own affiliate link and you are already on road to plug-and-play success road of internet marketing.
As business grows, the lines between affiliate marketers and product owners are gradually blurred. Product creators and owners create their own list of buyers over a period of time which they use for promotion of affiliate products and affiliates establish such good reputation in a niche over a period of time that they are tempted to launch their own product.
How Much Money an Affiliate Marketer Earns?
Practically there is no limit to this. You are free to market as many niches as you like and work as little or as much as your schedule allows. The money you will earn depends on the traffic you generate to the products you are promoting. Successful affiliates earn as high as six figures or even more but even a beginner affiliate is well placed to earn enough to support monthly bills and save a bit of the money as well.