Affiliate marketing is one of the most popular ways to earn passive income online

Affiliate marketing is one of the most popular ways to earn passive income online

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Affiliate marketing is one of the most Digital Marketing Company in Bath popular ways to earn passive income online. If you’ve ever dreamed of making money while you sleep then affiliate marketing is one of the first strategies that you will want to see.

In the UK alone, affiliate marketing contributes 1% to the GDP of the country, according to research from IAB UK – more than the entire agricultural industry.

research shows the same affiliate marketer in the UK to get £ 15 for every £ 1 they spend and it is easy to see why so many people go into the game with this kind of potential ROI on the table.

Interest in affiliate marketing continues to increase, according to data from Google Trends

Make no mistake, I am not saying it is easy or affiliate marketing golden ticket to get rich quick. Like anything worth doing in this world, affiliate marketing is a tricky business but, with the right strategy in place, you can join the list of entrepreneurs who make a success of it.

In this guide, you will find everything you need to put the kind of strategy in motion. As long as you are prepared to put in some work and willing to follow all the steps in this article, you have every opportunity to make affiliate marketing success story of your own.

What is affiliate marketing?

Let’s start by explaining exactly what affiliate marketing and I’ll borrow the definition of highly credible marketing source to get us started – this time, from HubSpot:

Affiliate marketing is a performance-based marketing tactic where retailers, usually one online, rewards websites with a commission for every customer referred through website promotion. The website, often called affiliates, will only be paid when the results of their campaign in the transaction.

The Ultimate Guide to Affiliate Marketing, written for HubSpot by Justin Lee

Basically, affiliate marketing is where retailers pay a small commission for persons (affiliates) who recommend their products to others.

In most cases, this involves sending traffic to retailer website and receive a commission when a visitor buys a product / service that you recommend.

Usually there are four parties in this process:

trader: Companies that create / sell products or services.

affiliation: People promote products or services.

affiliate networks: an online network where merchants list their affiliate programs and affiliate go to find them (optional).

Consumer: Those affiliates recommend a product / service to and hopefully end up buying them from traders.

When I told the affiliate network is optional I mean affiliates do not need to use them to run a successful strategy and merchants do not need to use them to find affiliates – although they can be useful to both parties under certain circumstances.

Read Also:- What is Split Testing Feature for Facebook Ads?

I will explain this in more detail when we get back to the affiliate network later in this guide.

What the traders out of this?

Envato is one of many companies that use affiliate programs to increase sales

Traders that want to maximize the sales of products and / or services. With affiliate marketing, they could call others to do the promoting for them and they only need to pay a small fee when someone actually buying from them.

With a large enough network of affiliates promoting their products / services to them, merchants can add a valuable source of traffic and sales. It’s kind of a win-win strategy, as well as traders only pay when a sale.

Likewise, affiliate marketing costs Digital Marketing Agencies in Bath a fraction of what merchants pay per conversion through PPC and all the time-consuming aspects of content creation and search optimization forwarded to the affiliate.

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