Use your platform to be the ‘ambassador of brands’ and make money from the field of your interest
If you have been hearing all the wonderful things about affiliate marketing and how you can make money while you sleep, then this post can help you get started. Remember that those selling a product need brand awareness and marketing makes that possible. Just as Amazon founder Jeff Bezos says that “your brand is what other people say about you when you’re not in the room”, marketing is the only way to increase brand awareness, drive sales, generate leads, and so on.
Effective marketing always takes off with a well-planned strategy and Affiliate Marketing is one such blueprint. According to a survey conducted by Rakuten Advertising in 2016, more than 80 per cent of advertisers ran an affiliate program and over 10 per cent of their marketing budget was allocated to affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is one of the online marketing strategies or an advertising model that helps the merchant (offering the product) to increase sales or get leads through third-party publishers (affiliates). Just like a commission-only sales representative, affiliates earn a commission for promoting the product based on an incentive structure.
So, if you are the publisher – an affiliate partner – the merchant which wants to promote its products or services, compensates you for the sales they make, for example, Amazon, which is the first…