Affiliate marketing is simply the process of earning commissions by
promoting other people's products.
You do not have to create your own product, with all the effort and expense
that entails, instead you just promote products that other people have
already created.
They then pay you commission on any sales referred by you.
Nearly every major company in the world has an affiliate program - from
banks, to supermarkets, dating sites, travel companies, hot tubs
manufacturers ... anything you can think of.
But some of the highest-paying affiliate programs are for digital products.
These are products that are sold, or downloaded electronically (eg.
software, ebooks, training courses etc.), so unlike physical products there
are no manufacturing or delivery costs.
This means they are 100% profit for the seller (although they have
obviously invested time and money creating them in the first place), and
for that reason they can pay very high affiliate commissions.
Digital products are extremely lucrative for you to promote as an affiliate
because you get to keep a higher percentage of the sale price.
Often affiliates will earn 50% -75% of the sale price, and sometimes it's
even 100% or more!
You do not have the expense or hassle of creating your own product (or have
to come up with the idea in the first place), but you get most of the money!
Actually, you do not even have to sell the product yourself - you simply
introduce (refer) the customer to the seller, and their sales process will
take over from there.
When they make the sale, you get the commission. All you have to do is to
send the customer their way in the first place, they take care of the rest.
So if you want to run your own business, affiliate marketing is a very
attractive option, especially as you can do it from anywhere.
A lot of the processes can be automated, so you do not have to maintain a
regular 9-5 presence like you do in a regular job. And there is no limit to the number of products you can promote, as you're not having to produce them yourself.
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