Affiliate Marketing Explained
Simply put, Affiliate Marketing is the process of promoting another person’s product and earning a commission for it. Typically, an affiliate identifies a product or range of products that they have an interest in or passion for, and they establish a connection with the seller of that product who agrees to pay you a percentage of the profit from the sale as a reward for the affiliate’s efforts in promoting the product.
Affiliate marketing is one of the oldest and most effective means of generating passive income online. It is by no means easy, it does require time and hard work, but it has proved itself to be a highly rewarding and lucrative business model to those who adopt it successfully.
How Affiliate Marketing Works
In affiliate marketing, there are usually three parties involved: the seller or merchant, the affiliate and the customer. In some instances, there is also an affiliate network which brings merchants and affiliates together.
The model below highlights the process of how affiliate marketing works.
Every affiliate link is customised with a unique identifier for tracking purposes. This lets the merchant or affiliate network know each time a customer has clicked on an affiliate link from each affiliate’s website and credits them whenever there is a sale. The commission is reward for their efforts in promoting the product.
There is potential to generate a substantial income from affiliate marketing if you follow the right strategy. Again, this is something that takes time and commitment on your part, but putting the work in from the beginning could see you reap major rewards in the form of commissions over time.
Affiliate Marketing & SFM
Affiliate marketing is one of the main business models the SFM trains members in. If an affiliate marketing business is something you wish to pursue, the SFM’s Digital Business System provides you with the necessary training and access to a wide range of resources that you can use to build and launch an affiliate marketing business, promoting affiliate products in your chosen product niche or category. As a member of the community, you will also have the opportunity to become an affiliate for the SFM itself and earn high ticket commissions depending on the level at which decide you join.
Find out how you can start an affiliate marketing business that has the potential to earn you ongoing passive income on a monthly basis.