What is Affiliate Marketing & How to Start?

Brief overview about Affiliate Marketing and Learn simple steps to start it:
Affiliate marketing involves earning a commission by promoting a product or service made by another retailer or advertiser. It is a monetization model where an affiliate partner, which is you, is rewarded a payout for providing a specific result to the retailer or advertiser. Typically, the result is a sale.

An affiliate is quite similar to an online sales agent. The duty of an affiliate is to
promote and sell products from vendors. Affiliates get paid in commissions from
each of the sale made. It’s a low-cost business that could bring big profit when
done the right way.
One of the many wonders of the Internet business is that it allows everyone to
have the same opportunity to succeed. Affiliate marketing is one of those
businesses. What sets a successful online entrepreneur apart from the rest is
creativity and skills.
This book will teach you how to achieve success. It will explore
comprehensively on techniques that you can add to your marketing arsenal. You
will be exposed to new perspectives of this business and you will learn what
others had taken years and bad experiences have learned.
Anyone can be an affiliate. All you need is just a computer with a decent Internet
connection, a little bit of knowledge on IT, and you’re good to go. But, of
course, you’d want to take this to the next level with this course.

There are pros and cons in everything. And there will be dishonest people who
take advantages of a lucrative and significant business such as the affiliate
business.
These are the challenges that we must face (or avoid, in the case of swindlers) to
achieve success. Even though it’s a great way to gain extra income, it still is
hazardous. But for the potential of this particular business, all the efforts are
going to be worth it.

As an affiliate, there are two ways of working:
1) You can take everything you can get your hands on and work really hard, or
2) You can choose the best products that bring in the big profits.
Of course it’s always great to be a prolific affiliate with achievements and work
rate that trumps others. But, do all products really worth your time and effort?
A novice affiliate would always participate in every affiliate program they can.
This is because a novice is always hungry. However, how long can you work
that way? One day, you’ll be exhausted and your subscribers, too, will be
exhausted.
So, the best way to overcome this exhaustion while still earning high
commissions is by choosing the best products. In this context, the best products
are the ones that can ensure you, as an affiliate, high earnings.
There are a few aspects to look at before deciding on a product to promote. A
product has to fulfill some criteria for it to be considered a good product for you.
It’s not going to be difficult, though, to determine how good the product is.
Now, you might think that by doing this, you’ll be limiting your choices
therefore limiting your earnings as an affiliate because of cherry picking. In
actuality, you don’t really lose much but have a lot more to gain.
This is because every day, there is a new product being launched. You will never
run out of products to promote so you don’t have to worry about losing anything
if you cherry-pick. If an opportunity (i.e. bestselling product) is missed, you can
always move on and find the next one.
However, commissions and earnings shouldn’t be taken lightly. You have to
make sure that you get the best product for you to promote. So, what are the
criteria for a good product to promote?
Criteria To Choose A Product
Commission Must Be High
When choosing a product, make sure that the commission rate provided is not
lower than 50% if it were not a high-ticket sale.
The usual commission rate for a low-ticket product is 50% or above. It can even
go up to 100%. Yes, the affiliate can keep all of the money made from the sale
of the product.
However, when it comes to high-ticket products, the commission can be less
than 50%. For example, the commission for a $997 product would give $197
commission. But since it is high-priced, despite having a lower percentage for
commission, it is still high in value.
Selling high-ticket products is a bit more challenging than low-ticket. The
conversion rate is much lower. To take on the high-ticket challenges, you must
first build your list and credentials.
Here’s a comparison of selling high ticket and low ticket product:
Low ticket product – your sales can easily go up to 500 or more with $37
product, you’ve made $18,500 or more with this.
High ticket product – it is harder to sell high priced product, if you can
only make 10 copies of sales, you earn only $9,970.
This is the difference between choosing a low tick or high ticket product.
Digital Products
There are many affiliate programs you can choose to do. You can sell and
promote appliances, books, clothes, and many other things online. However, the
best products, the ones that sell really well, are digital products.
Physical products not only don’t sell as well as digital products, but they also
provide low commission rates. To generate enough money from selling physical
products commissions would require massive conversion rates.
Digital products include:
Software
E-Books
Webinars
Video Tutorials
New digital products are launched every day so and their sales could go up to
thousands after launched. There’s no need to worry about running out of
products to promote.
Physical products also would make delivery more difficult. If you were an
affiliate who connected a buyer to a vendor and they’re both from different
countries, they might encounter problems with the shipment. And if the
customer requests for a refund, there goes your commission.
Selling digital products will have instances where the customer requests for a
refund, too, but it’s a very rare occurrence.
In addition, digital products require only few simple steps to download the file in
PDF file, almost in no time you can start enjoying the product; in contrast, a
physical book requires shipment that could take up to months.
Also, with digital products, you will not encounter problems with shipment. One
less thing to worry about!
Quality Of The Product
First of all, you would need to know about the quality of the product. You have
to make sure that it is a product, to you, worth buying, and then will you be able
to know that is a product worth selling.
You do not want to sell shoddy products as it will not only flop, but also affect
your credibility as an affiliate. You might lose the confidence of your
subscribers. That is not something desirable as your email list and subscribers
are a vital part of your business.
Avoid upsetting them at all costs as they can unsubscribe you easier than
subscribing you.
Tip: If you are not so keen on buying the product, you need to do some research
on the reviews articles from other users on the product you’ve chosen.