How do people get paid in affiliate marketing? This is the million-dollar question people usually ask – especially, those people that are new to affiliate marketing.
As a matter of fact, affiliate marketing is not a new marketing concept at all. It has been around for so many years and it has become one of the best ways for brands to boost their lead generation and sales.
However, you will have to familiarise yourself with how affiliate marketing works in order to be able to make money from it.
Nowadays, to say that affiliate marketing is still relevant and stylishly thriving is not an overstatement. In fact, it’s one of the best ways for bloggers to monetize their content and boost their blog revenues.
Making money with affiliate marketing
Affiliate marketing is a growing industry which means that there is opportunity for everyone to make money. Experts expect affiliates spending to reach $8.2 billion in 2022, up from the $5.4 billion spent in 2017.
Brands are ready to spend more money on marketing and affiliate marketing offers an avenue for brands to reach targeted audiences.
For bloggers and marketers, the market is big enough for everyone to make money. All you have to do is to find your niche and build your audience.
However, it’s impossible to tell how many marketers are out there. But the fact that there are more than 11,000 affiliate programs that you can consider promoting.
How to get paid in affiliate marketing
So, how do you get paid in affiliate marketing? How do bloggers make money with affiliate marketing? If you are new to blogging, you can easily start a profitable blogging business and make money online.
After launching your blog, then you can easily monetize your content with affiliate marketing. However, you should bear in mind that it’s not that easy to make money with affiliate marketing, especially if you are new to it.
The fact is that you will have to put in more effort in order to be a successful affiliate marketer nowadays. In short, a lot will depend on whether you do partner marketing as a full-time occupation or as a side gig.
Also, it will depend on how many affiliate programs you sign up for. You will also have to consider the reach you have and what area or niche market you focus on. Below are some of the ways to make money through affiliate marketing.
Pay-per-sale is the traditional affiliate marketing method where the affiliate earns a percentage of the product’s purchase price once the consumer bought the product.
The affiliate needs to focus their marketing strategy on achieving a customer sale to earn a commission. A good example of pay-per-sale programs is Amazon Associates.
The Amazon Associate program offers your the opportunity to link to any product on Amazon. Once someone buys the product through your link, you’ll earn a commission or reward.
Also known as PPC, a pay-per-click model is where the affiliate needs to convince the consumer to visit the seller’s website to generate revenue. In essence, it’s more about driving quality web traffic to the seller’s website.
The affiliate will receive payment accordingly if web traffic to the seller’s site from the affiliate’s platform increases. This means the more traffic you are able to drive, the better your chance to make money.
Popular brands like Leadfeeder uses a PPC model to help businesses generate more leads by seeing which companies visit their site. Also, you can sign up to Buzzsumo affiliate programmes, it offers a great commission for bloggers and affiliate marketers.
Sometimes PPL or Pay-per-lead can be a bit tricky for the affiliate marketer, though not impossible. This is because it requires that the traffic take action on the destination website.
In a pay-per-lead model, the affiliate marketer will have to convince the consumer to visit the seller’s site and complete an action on their site to help solidify their lead.
In most cases, the actions to be taken could be filling out a form. Also, it could be signing up for the seller’s newsletter or committing to a product demo.
Most of the new generation brands are using a mixture of PPL and other models to attract new customers. For instance brands like Gorgias has an affiliate program that uses the PPL model. It offers a commission when someone goes to their site from a link and signup.