Affiliate marketing is an effective and easy way to earn passive income. All you need to have is just a website or a blog and you can in the business of affiliate marketing.
What is affiliate marketing? An affiliate marketing is a commercial arrangement between a trade merchant and a website owner.
The merchant pays a commission to the affiliate on all sales generated by the affiliate’s referral. Affiliate marketing program is a win situation for the merchant, the affiliate and the customers because all parties win.
Why do merchants want to have affiliates and pay off hefty commissions to you? Well, this is because there are tremendous benefits for the merchant, otherwise the merchant will have no incentive to do so?
Affiliate marketing program gives the merchant a wider market to advertise their products or services. The merchant can save money advertising because they are already doing so on affiliate’s websites.
The more affiliates a merchant has, the more people will see the merchant’s advertisements, which can then be converted to sales. Some people equate affiliate marketing as having an army of sales representatives who will do the advertising and will only get a commission if a customer purchases.
You, as an affiliate of the merchant also enjoy many benefits. The affiliate can earn money just by simply by having an ad or link to the merchant’s website, which prospective customers will hopefully click on it and make a purchase. As soon as the customer clicks on the ad or link on the affiliate’s site, he is immediately transported to the merchant’s website.
When more referrals make purchases, then you will make more commissions. If you have several websites, then you will have multiple streams of passive income.
Affiliate marketing is an excellent way to earn money from the comfort of your home. It is your personal home business and there are virtually no production cost and investment risks. The product is already developed and stocked by the merchant, so all you have to do is to just get as many visitors as possible to your website to click on the merchant’s ads and make purchases.
Best of all, most affiliate marketing programs are free to join, so affiliates do not need to have any start up investment costs. There are thousands of products and services which you can choose to market.
If you want to start your own business without any financial risks, if you want to earn money through multiple sources of passive income, try affiliate marketing.