Diversify with Affiliate Marketing

Diversify with Affiliate Marketing

Have you heard of the saying, "Don't put all your eggs in one basket?". In earning money, it means that you should not just rely on one income source. The keyword here is diversify.

One of the ways you can diversify is through Affiliate Marketing.

What is Affiliate Marketing?

Affiliate marketing is a synonym for reselling. Basically, we have three persons, (1)merchant, (2)affiliate, and (3)customer. All three must be present so that affiliate marketing will work.

The merchant is the one who has products he wants to sell to the public. The customer is the one who wants to buy a product. The affiliate is the one who becomes the bridge between the merchant and the customer. To be able to earn from affiliate marketing, you would occupy the role of an affiliate.

What does an affiliate do?

All an affiliate, that's you, needs to do is to inform the customer of the product and lead/refer him to the merchant's place to buy the product. Other people call it "presell". You are the one who is going to do the advertising for the product and act as the salesman.

How can I earn money in affiliate marketing?

Every time a customer you referred buys a product from the merchant, you earn commission. Different merchants offer different commissions. It could be a percentage of the sales price or a fixed price for every referral.

Referrals? Is this like a pyramid scam?

No. Affiliate marketing is not like a pyramid scam. Pyramid scams rely on new member's money in order to pay the one who referred the new members. Those who are at the bottom of the pyramid are the ones who will lose and you are required to pay a membership fee in order to join.

Affiliate marketing does not work that way. You don't have to invest anything except your time in promoting the product. As you can see, you are promoting real products to the customer. What the customer will be buying is the product and not a membership fee. There are no losers in affiliate marketing. The merchant gets a sale, the affiliate gets commission, and the customer gets the product he wants.

Affiliate marketing is just one of the ways in order for you to earn money online. There are still other ways to earn money online. Always remember not to "put all you eggs in one basket".