Types of affiliate marketing programs:
There are a few different types of affiliate programs that use different payment terms.
One tier: You get a commission when a sale is generated through your affiliate link.
Two-tier: You get a commission when you refer other affiliates and they start making sales.
Climbing tiers: You can increase your commissions as you make more sales.
Recurring commissions: You earn a commission for as long as people are signed up for that subscription service. For example, I use Convertkit for email marketing. If someone decides to sign up for Convertkit through my affiliate link, I will earn a small commission for each month they use Convertkit.
Pay Per Lead: You get a commission each time someone provides his/her contact information on the advertiser’s website.
Sitewide Commissions: You can get a commission no matter what someone buys on the advertiser’s website. Amazon’s affiliate program offers sitewide commission.
Is affiliate marketing worth it?
Making money with affiliate marketing can have a number of life-changing benefits. Many people are looking to become a stay-at-home mom or dad, but still want to find a way to make money for their family too. Learning about affiliates might be the perfect opportunity for you to work from home or make extra money on the side.
Low start-up cost. Most affiliate programs are free to join. You just need to pay for your blog or website so you can promote affiliate products. You can use my easy step-by-step guide here to start your blog in minutes.
No Product Creation Necessary. You don’t need to worry about making your own products. Simply promote products from brands / companies you already know and love.
Location Independent. Use your laptop to work from anywhere that has an internet connection.
Earn Passive Income. This has the potential for you to earn passive income. Work smarter, not harder.
How affiliate marketing Works?
Still not sure how affiliate marketing works? I know it can be a little tricky to understand. Here’s a simple way to break down step-by-step how you can make money from affiliate marketing.
You need to provide a You place an affiliate link on your website or social media post.
The visitor decides to buy something from the advertiser’s website.
A visitor clicks on your affiliate link and is taken to the advertiser’s website.
You can earn a commission. This is usually s percentage of the sale.