Affiliate marketing is a modern interpretation of a very old idea — getting a commission on a sale. You introduce your readers to products or services from companies or individuals and get a commission from the sales.
There are many different types of affiliate programs, ranging from online courses to website builders to marketing and business affiliates.
Here, we're going to explore a couple of the affiliate programs with some great earning potential. Therefore, as a result, you should make money off the content you provide — so, what exactly is an affiliate program?
An affiliate program is an agreement in which a business pays another business or influencer (“the affiliate”) a commission. This is achieved by the affiliate sending traffic and/or sales their way.
This can be achieved through web content, social media, or product integration and can be very lucrative.
The affiliate gets a unique link (an “affiliate link”) from which clicks can be tracked — typically using cookies. You will often come across the terms “cookie length” or “cookie life”. This information simply defines how long the cookie will be tracking the user's online activity.
For example, if a cookie has a 30-day life, your referral needs to make a purchase within 30-days. If this happens, you will get paid — otherwise, the lead will no longer be trackable.
If you really want to be successful, you will need the appropriate tools to implement with your affiliate marketing business. It's very rare to find the necessary tools in one place because of the costs involved with each of them.
There are 5-Core tools that every business must have if they want to be successful. The tools consist of:
- Email Autoresponder
- Authority Website
- HD Video Sharing
- Live Conference Room
- Landing Page Builder
Usually, these tools would be purchased separately but fortunately, the tools are included in the all-in-one hybrid system listed below. Please sign up to get a free resource guide on this system!
Most importantly, the B2B audiences can be particularly valuable. Usually, they are willing to pay a lot for a product or service that will help them make money.
How could you not capitalize on that? Next, let's explore some great affiliate programs that pay the highest commissions!
Aweber is an email autoresponder; however, they have a great affiliate program as well because they want to make more sales too!
It's a great tool for newsletters and email drip campaigns. Affiliates of AWeber can earn a substantial income through two different channels: Their in-house program offers a lifetime 30% commission.
Plans typically range from around $20 to $150/month, so the payout can add up.
Amazon is one of the most popular online shopping platforms. If you're looking to buy something, chances are you'll find it on Amazon.
Amazon Associates pays commissions between 1% and 5%, depending on the category the product purchased falls under.
The most valuable items to promote are clothes and luxury beauty products. They both can earn you a 5% cut on the price.
The main advantage of affiliate marketing with Amazon is that people already know the company. Because of that, it's not a hard sell.
The company has very high conversion rates, especially around the holidays. And because the product selection is so vast, it fits most kinds of businesses.
If you write about animals, for instance, you can promote cat treats or dog toys. If your audience is interested in cars, you can recommend jumper cables — you get the idea.
Most importantly, if someone ends up on Amazon through your link and buys something other than what your content links to, you still get a commission on the user's entire cart.
In conclusion, the only downside is some categories have particularly low commissions, such as video games and electronics.