Affiliate marketing, as you might probably know already, is a multi-billion dollar industry and its by far the best way to monetize your website or blog unless you have your own products and services to sell.
If you have a content rich website then there are hundreds of thousands of affiliate programs and affiliate networks available on the web that can make you a fortune. In fact, the secret to six-figure blogging is
affiliate marketing.
The reason is pretty simple if you are monetizing your website with the right affiliate program then it can make a lot of money with little effort (of course︀ you need a content rich website with a handsome amount of targeted traffic).
Its just︁ that it takes some time to figure out whats converting and whats not.
So first︂ things first.
Affiliate Programs & Affiliate Networks: Whats What, And Whats Not?
Affiliate programs are︃ also called associate programs and its a deal between an advertiser and a publisher. For︄ instance, if Ive a created a software and is promoting and selling it via my︅ blog then I can also generate additional income by inviting my blog readers to promote︆ it in exchange for a commission.
So lets say, if you referred a buyer for︇ my newly created software product then I offer you a 50% commission (or 50% of︈ the additional income that I have generated because of you). So if you refer more︉ people to me then you make more income.
Thats why affiliate marketing is also known︊ as performance marketing.
And its a win-win, right?
Now if I have the resources then︋ I can run an affiliate program by myself within my own blog or website and︌ then it called an
in-house affiliate program. But if I dont have the resources︍ or dont want to manage it myself then I can sign up as an advertiser︎ on an
affiliate network.
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