Affiliate Marketing Mastery: The Ultimate Guide to Getting Rich Online Without Trading Your Time for Money by Craig Price
Chapter 1: Understanding Affiliate Marketing
Affiliate marketing is a popular form of passive income that virtually
every successful online marketer is tapping into these days. This
passive income stream is extremely simple and provides a great way to
maximize the amount of money you make through your online
presence. Affiliate marketing can be used as an addition to your
existing online presence to maximize your income, or it can be used as a
primary source of online income. In this chapter, I am going to show
you the importance of affiliate marketing, how it works, and why you
need to be maximizing this income stream in the online space.
What is Affiliate Marketing, Exactly?
Affiliate marketing is a style of marketing wherein individuals with an
established online presence can share products or services on behalf of
other companies and be paid a commission for it. Typically, affiliate
marketing pays you based on the number of people who purchase using
either your custom link or discount code when paying for products or
services of the company that you are marketing for. The amount that
you are paid depends on the terms of your agreement with the program
or company.
There are two ways that affiliate marketing can support people in
making money online. The first way would be for someone who already
has an established presence, such as for blogging, to add an additional
income stream. This is a great way to maximize your earnings and make
a great income online. Another way that many people are creating
money through affiliate marketing is intentionally building a presence
with the desire to affiliate market. In this circumstance, affiliate
marketing is your primary income source in the online space.
Affiliate marketing is similar to direct sales or network marketing,
except that you are not bound to market for any single company.
Instead, you can market for many companies at once and share all of
your favorite products and services simultaneously. That is, as long as
none of the agreement fosters a “no competition” clause that prevents
you from marketing for something similar around the same time that
you are marketing for their company.
When you are building your affiliate marketing income stream, you are
essentially building an online presence of people who trust you and are
interested in what you have to say. You create an opportunity for you to
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