Learn about affiliate marketing and how it can help you earn more
You’ve probably heard of affiliate marketing and how influencers, content producers, and other professionals with large audiences can use it to earn more money.
Affiliate marketing has been making a name as a win-win strategy for large e-commerces and other info product platforms, as it benefits both businesses and promoters.
Here’s an article with everything you need to know about affiliate marketing. By the time you’ve finished reading, you’ll be in the know about:
- What affiliate marketing is and how it works
- 7 advantages of affiliate marketing
- Types of affiliates
- How to make money with affiliate marketing
- Joining Reportei’s affiliate program!
What is affiliate marketing and how does it work?
Affiliate marketing originated from new business opportunities between producers of digital and tangible products or services and affiliates acting as a channel for sales.
Producers (or info producers) can be companies that own e-commerces, those that are part of a marketplace (like Amazon), or those using third-party platforms to promote the products of others (Hotmart, Eduzz, and Monetizze).
Then we have the affiliates. They connect with these websites and promote products in blogs, on social networks, and other channels, and in return, receive a commission for every sale.
In other words, it’s easy, and a great source of income for affiliates who are building (or already have) an audience that’s interested in certain products.
Affiliate programs determine how these partnerships work, establish commission prices, and create customized links that affiliates add to promotional content.
When a customer clicks on the link to make a purchase, programs will register the commission and pay the affiliate.
Look at affiliate marketing as a low-cost strategy that benefits everyone. Companies get to increase their reach and affiliates get extra income.
7 advantages of affiliate marketing
Affiliate marketing has several advantages for affiliates. Here are a few you should know about:
- You can monetize your blog, website, or other channels you use for content;
- You don’t need to come up with and pay for solutions;
- That means you don’t need to invest much money to get started;
- If you already have a substantial audience, it’s easy to promote products and services that might be of interest;
- There are no geographical barriers when it comes to affiliate marketing, which means more reach;
- You get to decide how and when to work, as the idea is creating content alongside promoting;
- It’s a much lower risk than other business models.
But keep in mind that an affiliate marketing strategy won’t always be an overnight success. It takes commitment to create content and build your audience.
Types of affiliates
There are two options for promoting products in affiliate marketing. You can choose whether to become an Authority Affiliate or a Scientist Affiliate, depending on which fits your lifestyle best.
Authority Affiliates focus on creating content for blogs or social media to educate their audiences and offer links and solutions that meet their needs.
The more knowledge you have on a given topic, the easier it is to attract the right people, and the more likely you are to make sales.
On the other hand, Scientist affiliates run ad campaigns on channels like Google or Facebook Ads to draw audiences who might be looking for those solutions. So understanding paid media is fundamental to a profitable business.
How can I make money as an affiliate marketer?
Now that you know about some affiliate marketing strategies, you might be asking: “how do the payment methods work?
Each affiliate program has its way of paying commissions, four of which are the most popular among platforms:
- Cost per Click (CPC): pays for clicks on ads on affiliates sites or blogs (clicks on banners, pop-ups, or links);
- Cost per Action (CPA): pays for user action on business landing pages (registering or requesting a budget, for example);
- Cost per Thousand Impressions (CPM): programs pay affiliates for every thousand impressions on ads running on their websites, which is a great opportunity for sites with a substantial number of hits;
- Cost per Sale (CPV): this is the model most businesses use, as they only pay for sales made through an affiliate’s exclusive link.
When deciding which affiliate program to join, check out what each can offer and whether the commission model complements your strategy.
We also recommend you sign up and share links on more than one platform, which increases your chances of making sales and earning more money.
After reading our tips for affiliate marketing, you may be wondering which platforms are the best to join. To keep that momentum going, check out our article about six excellent programs for affiliates and their advantages!
Join Reportei’s Affiliate Program!
Yes, Reportei does have an affiliate program! We reward platform referrals with a 10% commission per sale (according to the program you join). Awesome, right?
It’s your chance at the best of both worlds: get paid for recommending a tool you believe works.
To join the team, simply promote Reportei through your custom link in the affiliate system and use the panel to track your commissions at zero cost!
What are you waiting for? Sign up for an account right now and become an affiliate right now through the best reporting automation tool on the market!
