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Now is the era of online. A few years ago we might have thought that I would have a showroom or a boutique house and sell from there. But now the thinking has changed. Everything is becoming known through online. So now not just in one area, marketing of our products is all over the world.
When we promote a company's product on our blog, YouTube or website and someone buys that product by visiting my website link, I will get some commission as a result of the sale of that product and this is called affiliate marketing.
For example someone likes a Jamdani saree of mine and he bought it and after buying this saree he thought that I will write a nice content about it on my website. Some other people liked this jamdani on that person's website and 1/2 people also bought the saree from the link shared on that website. As a result the website person got some commission from my company. Because he is an affiliate and he did marketing of my product. There is also a sale from there.
In affiliate marketing, affiliates get some commission by promoting other company's products to others on their blog, website and YouTube or various social media. Different commissions can be earned for each product.
What is affiliate marketing?
The first thing is, Affiliate marketing is a very popular and modern and well-known profitable way to earn huge amount of money online. Most affiliate marketers bloggers and YouTubers use this method to promote products of different companies on their own platforms and they make a good amount of money. And then if a buyer buys products or services through his affiliate link, in return he will get a commission from the company, making income through this commission is affiliate income or affiliation.
Similarly, when a company starts an affiliate program to increase sales in their business and uses various bloggers and YouTubers for marketing or promotion and pays them a commission in return, it is called affiliate marketing.
Simply put, the commission earned by promoting a company's products through its own website is called affiliate marketing.
Advantages of Affiliate Marketing:
- 1. Affiliate marketing does not require any investment.
- 2. No need to have your own product.
- 3. Products can be promoted as desired.
- 4. You can work online from home.
- 5. There is no need to worry about the service after the sale of the product.
- 6. Full time career can be made.
- 7. You can act as your own boss.
- 8. There is freedom of time.
- 9. So you can travel anytime.
- 10. Considerable respect is available to various companies.
- 11. Affiliate marketing does not require any bids.
- 12. Affiliate marketing has the opportunity to work independently.
- 13. How many websites can generate passive income?
- 14. An affiliate site can generate income in multiple ways.
- 15. Unlimited income is possible.
- 16. It is possible to earn while sleeping.
Disadvantages of affiliate marketing:
- Not everyone is willing to invest in freelancing early on.
- Many people do not want to take the risk of this industry even if they take a lot of risk for a girlfriend or boyfriend in life.
- Waiting till a certain time for income seems boring.
- You have to be patient for several days. To get income.
Current Status of Affiliate Marketing 2023
Do you know the current global industry of affiliate marketing?
Globally affiliate marketing industry is 12 billion US dollars!
In 2020, the affiliate marketing market in America alone is estimated to exceed 6.8 billion USD and by 2022, it is expected to exceed 8.2 billion USD.
81% of America's advertisers and 84% of publishers have already grown their businesses through affiliate marketing, resulting in an annual revenue increase of over 20%.
According to Google Trends, search interest has increased by 200% from 2015 to 2020 with Affiliate Marketing.
The whole world has now started adopting this formula of marketing. Affiliate Marketing's formula is such that whatever product or service you promote, it will feel like your own.
The most interesting and interesting thing about this formula is “As much you effort, As more you earn”.
The more you eat, the more money you earn, just like your own business. That is, no matter how good you are at the job, you will get a fixed salary at the end of the month. Again, in the context of a country like ours, it is also very uncertain that it will be everyone's hope.
But there is a ray of hope, people are getting familiar with the term Affiliate Marketing day by day in our country, especially among marketing and digital marketing conscious people, the interest in it is increasing comparatively. Understanding the needs and requirements of affiliate marketing, many domestic companies are now modifying their business models to make them affiliate marketing friendly.
If your plan is to establish yourself as a successful affiliate marketer then you can start affiliate business in your own language.
