KNOW THIS and BANK: Affiliate Marketing

No one knows for sure how many affiliate marketers there are in the world today. But if there’s one thing we know, the number is growing by the minute.

This isn’t a surprise, since affiliate marketing is truly one of the quickest and easiest ways to make money online. And that’s what people are usually after—convenience. They won’t stick with methods that would take so much of their time and effort, but would only give minimal rewards in the end.

If you’re thinking about going into this industry, there are certain things that you should know. These include the following:

  • What affiliate marketing is
  • What are its pros and cons

By knowing these pieces of basic information, you can make an informed decision of whether this is something for you or not.

So what is affiliate marketing?

Affiliate marketing refers to a type of marketing process that involves selling another person’s or company’s products. For each sale that you’re able to make, you get to earn a certain amount of money, which is your commission.

To get started, you need to look for high quality products to endorse (promoting poor quality products is a recipe for disaster), create an affiliate marketing website, and recruit affiliate marketers to sell these products you are promoting.

What are its pros and cons?

Of course, the best thing about this is that you don’t have to create your own products. As many experts agree, it’s so much easier to sell a product than to create one. With affiliate marketing, you don’t have to exert too much time and effort, or invest a big amount of money on production. You simply find a product that you deem worthy, and promote it to other people.

It’s also highly profitable. You’ll get quite a big percentage of the total sales that you make. And the more items you sell, the bigger money you earn.

It’s also good to know that there are many platforms and plugins online that you can easily use for this purpose.

If you’re using WordPress, your plugin options include:

  • AffiliateWP
  • WordPress Affiliate Manager

For other platforms, top choices include:

  • ShareASale
  • Impact Radius

Probably the only downside to this is that affiliate marketing doesn’t work for everyone. If you don’t have any talent in marketing, this may not be suitable for you. Also, it’s important to note that this takes a lot of patience and time, especially in the initial stages.

Now, if you do think you have what it takes to become a successful affiliate marketer, then by all means, go ahead and get started.