Affiliate marketing works... when done well.
[This is a part of the Make Money Blogging Series.]
A large portion of many professional bloggers income is found in affiliate marketing and affiliate sales. Some full time bloggers have seen financial windfalls in the hundreds of thousands of dollars, if not millions, per year through this very basic system.
Essentially, affiliate marketing is where you, the blogger, markets products or services for companies in exchange for a commission. The commissions and compensation can range from a few pennies (literally) per sale to hundreds of dollars and can be based on a percentage of the sale or a fixed rate.
Other affiliate programs are based on some type of action that is achieved through the blogger’s marketing efforts, like signing up for a newsletter, or passing through a number of webpages to a particular destination.
These affiliate business or affiliate networks provide the blogger a specific URL or “affiliate link” that connects the buyer to the store; this link recognizes your important role and relationship in this buying process and rewards you upon a completed purchase.
Here’s a great visual of how this practically happens:
A visual of how this all works.
Of course, what sets apart those that have a full time living off of this type of financial model are the ones that spend just as much time building strategy around their efforts as they do executing on it.
You could honestly spend most of your day (and some do!) building your campaigns, tracking clicks, conversions, and returns, and more. It’s an exciting world with tons of potential, even for the newer blogger.
Interested? Here are some more things to consider and learn about: