Affiliate marketing is probably one of best business models in the early stage of internet marketing era. It allows you to earn some cash without the need of producing your own products.
How does it work? It can be summarized in three steps below:
- Build your own website
- Drive the traffic to the affiliates’ website by providing a link to their website
- Get the compensations based on the agreement with your affiliates
In the early days, the compensation was mostly based on number of click to your affiliates’ website, i.e. cost per click (CPC) or cost per impression (CPM). Nowadays, eighty percent of affiliate programs use revenue sharing or cost per sale (CPS).
How to become an affiliate marketer?
Make a free website and get an affiliate program that you want to promote on your website. For example, you can join amazon.com’s associate program and promote their product that are related to your website online. If the visitors of your website click on the link and make any purchase from it, you will earn a commission from amazon.com.
One of the benefits of becoming an affiliate is the fact that you can make money even when you sleep at night!
