Everyday we hear stories about individuals who have made it big using online business models. Many are earning the majority of their income from affiliate marketing programs; but are they really worthwhile for the average internet user?
What Are Affiliate Networks?
Affiliate networks are third-party services that act as intermediaries between salespeople (internet marketers) and the companies who have products to sell. The merchants who are selling their products benefit from tracking services, payment systems, refund processing, and the management of affiliates. Affiliates benefit from having access to a database of products they can market within their chosen niches, earning a set commission. It’s generally a win-win situation for all parties.
Clickbank is one of the largest and most long-lived affiliate marketing programs out there. At any given time you can find up to 6 million products to buy or sell. Affiliates earn anywhere from 10% to 70% commission of the product price, depending on what the merchant is offering. The only major drawback is that with so many products to choose from, it is often difficult to tell which are high-quality – especially if they are brand new.
The Amazon Associates program gives you the ability to earn a commission from the sale of just about any product sold on Amazon. This means you can offer tangible product recommendations within your blogs or in the ads on your websites. The drawback here is that commissions vary and the Amazon programs are not available in all states. You’ll need to check the terms and conditions to determine if you are eligible to participate.
ShareASale is only a couple of years younger than Clickbank and the company has a reputation for being fair and honest. Most vendors offer anywhere from 8% to 40% in commissions. You’ll be surprised to find different digital products on ShareASale – bigger name products like Grammarly, WPEngine, and StudioPress products. The interface is easy to use and the affiliate approval process is easy to go through.
Are Affiliate Programs Worth It?
The answer is yes, but only if you know how to market the products you find within them. The most successful affiliate marketers focus on a solid niche, have a developed email list, and have strong skills when it comes to both organic and paid SEO techniques. If you’re willing to learn, you could grow your affiliate marketing business from a part-time to a full-time income in a reasonably short period of time.
~Here’s to Your Financial Health!