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| What is Affiliate Marketing? |
Affiliate marketing is where an affiliate promotes another person's product or company through their own marketing channels.
Affiliate marketing involves referring a product or service by sharing it on a blog, social media platform, podcast, or website. The affiliate earns a commission each time someone purchases through the unique affiliate link associated with their recommendation.
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| The diagram on how affiliate marketing works Affiliates always carry a bit of mystery-you never know if the person has ever really used the product or if they are just promoting it for the money. Both cases still exist today. It wasn't until 2009 when renowned affiliate marketer Pat Flynn broke down the different types of affiliate marketers into three groups. Understanding these affiliate marketing types can show you how people make money online in this space, regarding your moral compass. Affiliate marketing income spans a large spectrum. Some affiliate marketers will make a few hundred bucks per month and others will make six figures a year. The larger your following, the more you can make as an affiliate marketer. Compensation software company Payscale reports that the average annual salary of an affiliate marketer is over $53,000, based on over 7,000 salary profits, with many affiliate marketers earning significantly more. 1. Pick your platform 2. Decide your niche & audience 3. Find your product 4. Choose your first affiliate program.
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