Monetizing Your Instagram, Youtube or Blog Through Affiliate Marketing
Passive income. Thats the dream for many people, right? Make money while you sleep. Your blog or social media channel is perfect for it!
For 99% of Bloggers and Influencers, affiliate marketing is how they get started. Read about bloggers who became millionaires and how they did it.
The idea behind it is that you promote other brand products, often through an affiliate network, earning a commission if people actually end up buying thanks to your recommendation.
Its based on revenue sharing. If you a brand and have a product and want to sell, you can offer promoters (usually bloggers and influencers) some revenue for promoting and selling your product. If you are a blogger and usually do not have a product to sell but want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate to a brand.
It is usually called affiliate network, a place where brands and bloggers/influencers (What is the difference between a Blogger and an Influencer?) connect with each other.
Here is a list of some of the largest networks:
You will find there over 6,000 brands (they are usually called advertisers) such as Etsy, Booking.com, HP, Reebok, SiXT, Microsoft, Philips and so on. And over 100,000 bloggers and influencers (they are usually called publishers).
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How does affiliate marketing work?
Basically, as a publisher, you promote brands, products or services that are relevant to your audience. You can be a Fashion blogger and promote cloth, travel blogger and promote hotels, sport influencer and promote sport products and so on. There is ALWAYS a place for any kind of blogger or influencer! And you dont need thousand of followers to start… It is ok with only few hundred followers on social channel or a simple blog with 2-3 posts (if you are a blogger).
You can promote in a number of ways:
- Product reviews or blog posts
- On social media
- In an email newsletter
- By using a banner on your website
- and so on… anything that will allow you to link to a merchants site.
If a visitor of your blog or social channel (you can put links in your bio on Instagram) clicks on a link or banner that leads to the brand/store and generates a transaction there (such as purchasing a pair of hiking boots or booking a trip for example), you are rewarded with a commission by the advertiser, which is typically a percentage of the customers total purchase price.
The link or banner that you post includes a small piece of code that allows affiliate network system to track and pay out accordingly. Every publisher gets access to an easy-to-use interface where they can find links and banners to post in their blogs and social channels.
How hard is it to get started?
Its pretty easy. Affiliate marketing just means getting a link from the affiliate network system that it includes the tracking information needed to credit the sale. You can easily access all these links and banners as soon as you are connected to some brand.
So go ahead and join these networks right now:
How much money can someone make using affiliate marketing?
You can earn indefinitely with just a single link which is why affiliate marketing can be a great way to generate passive income quite easily. Affiliate links generally dont expire as long as you are still active in that Advertisers program. So, if a customer finds your blog post from a trip you took two years ago, and it inspires them to click through and make a purchase or book a trip, you will still earn a commission.
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