Affiliate Marketing – Basics, Advantages and Disadvantages



Affiliate-marketing-advantages-disadvantages-basicsImagine if you could earn money just by promoting other people’s or company’s products. You don’t need to create your own products, rather just promote other people’s product in order to earn commissions for each sale that you make.

Affiliate marketing is highly profitable business which can help you earn a piece of the profit by promoting the products of others. You don’t have to invest your valuable time in creating products. All you need to have is a platform where you can promote and sell the products. Isn’t that cool?

Watch the video embedded below to learn the basics of Affiliate marketing.

http://https://www.youtube.com/watch?v=U5VWzOgC3sg

How to get started with Affiliate Marketing?

When you sign up for a affiliate program, you will get a unique link which you need to use to market the products. When a buyer purchases a product or service using your affiliate link you will earn certain commission. Affiliate marketing is a simple business process involving three major steps. (See Image Below)

Affiliate-Marketing-Process

Affiliate Marketing Process

Your next question would be from where to find and sign up for affiliate programs? Below are the top four networks to get amazing affiliate opportunities –

1. LinkShare

2. Amazon Associates

3. Commission Junction

4. ShareASale

Advantages of Affiliate Marketing

Following are some of the benefits of being an affiliate.

  1. Affiliate marketing is done online and you can work from home. You can earn benefits from it by operating your site from any part of the world.
  2. You’re not responsible for the products you sell. You are just being the middle person and after the sale if customers have any complaints they will contact the merchant not you!
  3. You are controlling yourself and your business. No one is ruling or guiding you. You’re being your own boss.
  4. No technical expertise required other than the basic HTMl skills. If you are outsourcing the website development you don’t even need to care about technical aspects of the website.
  5. Some affiliate programs don’t even require a website. Products can be promoted using social media.
  6. You can earn passive income online by being an affiliate marketer.

Disadvantages of Affiliate Marketing

Although affiliate marketing can be a very profitable business but it has dark sides too.

  1. Some merchants may cheat the affiliates by giving them low or no commissions. Be very picky when signing up for marketing a product.
  2. Affiliates may cheat the customers by false and misleading advertising to gain high commissions.
  3. Affiliate links can be hijacked by someone to rob their commissions in the entire process.

Over to you! 

Are you an affiliate marketer? If yes, share your experiences with us in the comments section below. If you haven’t tried affiliate marketing yet, would you give it a try? I will be glad to hear from you.

If you feel any of your friends, family members or colleagues can benefit from this post, please share this post with them.

 

About Rohan Chaubey

Rohan Chaubey is a young blogger and an optimist who loves writing and blogging. Besides being an enthusiast blogger, he is a presentation designer too. He considers it his mission to spread the light of knowledge and optimism.