Welcome to the exciting world of affiliate marketing!
Affiliate marketing is the practice of promoting a company’s products to earn a commission either on the act of someone clicking on your link and/or of making a purchase. The beauty of affiliate marketing is that no inventory is required, no product development is necessary and you can get started very quickly with very little investment.
For example, you might have a link on your website to a book that is for sale on Amazon.com. Using Amazon Associates, if someone clicks on your link and purchases that book, you earn a commission based on a percentage of the sale price. This ranges from 4% – 6% and beyond depending on many factors.
Moreover, if that person buys anything else on Amazon over the course of the next 90 days, you may potentially earn a commission on those sales as well. In some cases, such as with Amazon, the more sales you produce in a given month through your affiliate links, the higher your commission rates.
Affiliate marketing is great for people that do not have a product of their own but still want to make money online. Furthermore, it’s a great way for you to learn more about the market potential within a given market niche to determine if it may be worth your time to eventually create your own product to sell online.
Affiliate marketing is not terribly difficult if you invest the necessary time and effort required to research your market, find good affiliate products, setup a website to promote products. Most affiliate programs are free to join and relatively intuitive to use with a bit of guidance.