What is Affiliate Marketing?Its Types, Benefits, Working,Tips and Tricks
What is Affiliate Marketing?
Affiliate marketing is a performance based advertising model where a business compensates a third party affiliate (likewise; a blogger or an influencer) for generating sales or leads to their products and services. Affiliates promote the merchants offerings and earn a commission for each successful referral.
Types of Affiliate Marketing:
There major types of affiliate marketing are given below:
Key Benefits of Affiliate Marketing:
1. Low Startup Costs:
No need to promote a product promote the existing ones
No inventory or shipping hassles
2.Passive Income Potential:
Earn 24/7 commissions while you sleep (if you set up a ever green content)
3. Work from Anywhere:
You can work from anywhere also from home
The thing you need is a laptop + internet connection
4. No Customer Support Stress:
The merchant handles complains,refunds and logistics
5. High Profit Margins:
Some brands offer 10-50% commission
Beginners can start promoting products on free platforms(Instagram, you-tube,tiktok)
Working Time Limit:
An affiliate marketer daily working limit depends upon his experience, niche and income goals.
Here is a realistic background:
The daily working limit of a beginner affiliate lies from 4-8 hours
The daily working of an experience affiliate lies from 2-5 hours
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