Affiliate Marketing In A Nutshell

Affiliate Marketing is simply a business model by which you can earn commissions (a portion of the money generated from the sale) from promoting other people's products or services.

As a simple example, let’s say you’re an affiliate promoting a product that costs $100 and the owner of the product agrees to pay you 40% commission.

This means that for each sale you generate through your promotions, you will received $40 (40% of $100).

Here's a quick overview of how it works...

And, being an affiliate marketer has several advantages, including:

  • It's very newbie-friendly - it's easy to learn and doesn't cost much to get started
  • You don't have to create a product
  • You don't have to worry about customer support
  • It's a business you can easily run by yourself, and earn a full-time income
  • Your business runs 24/7

Affiliate marketing has been around for a loooong time, and it doesn't look like it's going away anytime soon.

The affiliate marketing industry is worth well over US$12 billion globally and the revenue from affiliate marketing continues to grow by more than 10% annually.

Interestingly too, more than 80% of brands rely on affiliate marketing.

In the next lesson, you'll learn some common reasons why people fail at affiliate marketing, and how you can avoid them.

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