You may be wondering whether people make money from their websites through other means apart from Google Adsense. Well, there are many ways to make money through your online platform and one of them is affiliate marketing. So if you’re a blogger or you own a website and you’re not able to get Google Adsense, you can actually make a lot of money through affiliate marketing. If you don’ have a website you can quickly create one and make money from it through affiliate marketing.You can also make money by promoting your affiliate link on your social media platforms.
The mass media in Nigeria make money through affiliate links and this is a huge income generating source for them. So how can you also make money from affiliate marketing just like the mass media in Nigeria? First, you have to understand how the process of affiliate marketing works.
What is Affiliate Marketing?
Affiliate marketing which is the practice of promoting the products or services of another person or company in exchange for a commission based on people you brought through your own link. Online publications make money by creating the platform for the customers to come in contact with products they want to buy through affiliate marketing. It is a practice that is based on the concept of revenue sharing and publishers of online newspapers and other news websites get a cut. You link people to products of diverse companies and when transactions take place on the platform the publishers get a cut.
Affiliate marketing is also described as referral marketing. In affiliate marketing an online retailer pays you a commission for traffic or sales generated from your referrals. This is practically conventional advertising done in a less intrusive way. Instead of promoting a product on your website with visual advertisements you just use links which people can click on and go straight to where they can purchase the products. The difference between this and advertising is that whereas in advertising the advertiser pays you for placing the product on your website, in affiliate marketing you get paid when people purchase a product through your affiliate or referral link.
How Does Affiliate Marketing Work?
How does affiliate link work? First, you create a website, blog, email list or you can do this through other social media platforms. Then go to the advertiser’s website (where the product you want to promote is located) and generate an affiliate link from there. You then copy and paste the link on your own website or social media platforms and make effort to promote the link so people can know about the product you want them to buy. Through this way you recommend the product or service to your followers. When your followers purchase the product or service using your affiliate link you get paid a commission for the sales made using your affiliate link. This is how online news platforms make a lot of money.
It is good to first make out time and conduct thorough research to understand your market in order to identify the best affiliate programmes before you start using affiliate links. After this research you then set up your affiliate blog (that is if you don’t already have a website for this) and start creating content. You then publish exciting content on your site and submit it to third-party platforms. If you prefer running affiliate marketing activities without a website, you can start by submitting your content to third-party platforms only and still be successful. You can make money from affiliate marketing especially if you keep on promoting your link through interesting write-ups that can persuade people to click on the link and buy the product you’re promoting. To make money from affiliate marketing you really have to work hard to drive traffic to your platform where the link is being promoted. You may have heard people say that in affiliate marketing you make money while you sleep. Well, it doesn’t entirely work that way. Huge traffic is essential for big money pay outs in affiliate marketing. You have to bear this in mind.