What Is Affiliate Marketing & How Much Can You Earn?
Before we start with what affiliate marketing is, I would like to say: Commit yourself to making money online and you will do it. Do not be in so much haste. Relax and learn. Which ever method you chose to start with, believe in it and learn all you can about how it works and most importantly, take action and you will make a living with it. Do not see it as work, instead see it as something important to do.
What Is Affiliate Marketing?
You may have heard about it before as one of the ways to make money online. Yes it is, and it is actually one of the most popular ways to earn money online.
Affiliate marketing simply means helping other businesses get customers so you can get paid a commission for your help. Nothing more, nothing less.
The sweetest thing about it is that some of these companies do not even require the customer to spend a dime before you get paid. They can pay you just when the customer signs up on their website for FREE. Isn’t that very cool? This leads me to you about the two major types of affiliate marketing.
Two Major Types Of Affiliate Marketing
You really don’t have to bring a customer to buy something from a business before you get paid and make money with affiliate marketing. You can get paid just for bringing someone to sign up on a website lol :-). I know I have said it before, but it’s very exciting to know about that, and I don’t mind saying it a thousand times again. Don’t worry I wouldn’t 🙂
Cost Per Sale (CPS)
Some refer to this as Pay Per Sale (PPS in this case). However, this is the type of affiliate marketing where you have to refer someone and they have to buy something from the company before you get paid a commission.
Cost Per Lead (CPL)
Some refer to this as Pay Per Lead (PPL) but this is the type of affiliate marketing where you just get paid when someone signs up on a website. It could be a free trial, which may or may not require entering a credit card details. You simply get paid after the sign up is complete. I know a website that will pay you $100 just for this, and I am going to talk about it in this post “How To Earn Up To $100 A Day With Affiliate Marketing (soon)”
There are also some other types of affiliate marketing like Cost Per Mile (CPM), Cost Per Click (You know the abbreviation here 🙂 ) . Well these ones don’t interest me that much because umm… you can’t make enough money here unless you have great traffic.
Cost Per Mile (CPM)
pays you per thousand impressions you get on an advert. They pay you just for people to see their advert on your website, but you most of them just pay you about $2 per thousand views you get on their adverts. You can put these adverts as banners on your website.
Cost Per Click (CPC)
pays you when someone clicks on the advert. So this time, you don’t just get paid for the views, you get paid also for clicks. This type pays more and pays per single click, but most times you get about $0.2 per click. It could be less than that, and it could be a bit more than that.
You have the free choice to experiment on, and apply all these types of affiliate marketing to see how much you can earn, but I’d rather focus more on the first two major types above. The CPS and the CPL because you get more bucks for the bang, and this leads me to talk about “How Much Can You Earn With Affiliate Marketing”?
How Much Can I Earn With Affiliate Marketing?
Observe that I already said above, that I know a website that will pay you $100 to get someone to sign up on their website for free. That should give you a taste of how much you can earn with affiliate marketing. But the truth is, There is no limit to how much you can earn with affiliate marketing. It ranges from $0 to infinity!
It all depends on what you chose to do and how you work on it. You can work hard and earn a little. If you work smart, you earn more. You can work hard and smart and earn big.
Check this out.
You see that red circled earnings, that is how much Pat Flynn of SmartPassiveIncome made in one month from his blog in just ONE MONTH. That is a whopping $321, 642 . The best thing about that income is that it was passive. He didn’t have to work actively for it. He earned it from his previous work.
Passive income is simply money you earn while you are sleeping, on vacation or somewhere else. You are not working for it, you earn from your previous work which could be work you did in past few years. Read How To Earn Passive Income With Affiliate Marketing
Now, he is not the only one that is making that kind of money from his blog with affiliate marketing, he is just one of the people that chose to go public with it. There are many others.
Now that you have seen how much you can earn with affiliate marketing, you may be wanting to get started with it as soon as you can.
Can I Start Affiliate Marketing Today?
Yes you can. Once you have made the decision on using the method to earn money online, you can start as immediately as you want.