Affiliate marketing at its core is revenue-sharing business model where you earn money by referring sales to a merchant or a service provider. That basically means you get your affiliate link, which is a special link that has its own tracking ID which is tied to you so the merchant knows where the sales come from in order to pay the affiliate. So when you drive traffic to that link and they decide to buy that product or service from that sales page you will end up earning a commission.
Affiliate marketing is a great strategy for people looking to make a passive income online because:
- No need to have or build your own product
- It’s a fast way to start earning commissions
- Low start-up costs
- No merchant processing to deal with
- No customer support needed
- You don’t have to build your own complicated funnels and websites
One piece of advice I’d give to myself if I was just starting out today would be to pick one traffic source and become a master at it rather than testing a bunch of traffic channels and getting no results, throwing in the towel and complaining to your friends that “this shit didn’t work!” (Believe me, I know, because I was that guy until I figured this out)
There are amazing products, services and education that would help people to reach their goals in whatever niche you choose to go into. In affiliate marketing you explain to a person why these products or services are so amazing, how they will help, how they helped you achieve one of your goals, and what a person’s life will be like if they implemented this product.
I could go on and on, and I hope this answers your question in some way! I wish you the best and all the success you deserve.