What Is Affiliate Marketing and How to Get Started Making Money
What is affiliate marketing?
Affiliate marketing involves earning a commission by promoting a product or service made by a retailer or advertiser. It is a monetization model where an affiliate partner, which is you, is rewarded a payout for providing a specific result to the retailer or advertiser.
Our affiliate program is free to join, so you don’t have to worry about high startup costs.
How affiliate marketing works
Affiliate marketing involves referring a product or service by sharing it on a blog, social media platform, podcast, or website. The affiliate earns a commission each time someone makes a purchase through the unique link associated with their recommendation.
To review:
- You show your link for Kira the Cat on your Instagram, Facebook, Website or Blog.
- A customer clicks your unique link.
- The customer makes a purchase in Kira the Cat store.
- Our affiliate network app records the transaction.
- The purchase is confirmed by Kira the Cat store.
- You get paid a commission.
Commission rates vary depending on the company and the offer. On the low end, you’ll earn about 5% of the sale but, with some arrangements, you can earn as much as 50%, usually when promoting a class or event.
Pros and cons of affiliate marketing
Pros
Easy to execute
Your side of the equation simply involves handling the digital marketing side of building and selling a product. You don’t have to worry about the harder tasks, like developing, supporting, or fulfilling the offer.
Low risk
Since there’s no cost to join affiliate programs, you can start making money with an established affiliate product or service without any upfront investment.
Easy to scale
Successful affiliate marketing offers the potential to significantly scale your earnings without hiring extra help. You can introduce new products to your current audience and build campaigns for additional products while your existing work continues to generate revenue in the background.
Cons
Affiliate marketing also has a few disadvantages compared to other platforms. Before jumping in, let’s look at a few challenges you’ll face on your journey to success.
Requires patience
Affiliate marketing is not a get-rich-quick scheme. It requires time and patience to grow an audience and gain influence.
Commission-based
There’s no boss handing you a weekly paycheck as an affiliate marketer. Affiliate programs work on a commission basis, whether you’re paid by lead, click, or sale.
No control over program
Affiliates must obey the rules set by a company for their program. You need to follow their guidelines for what you say and how you present their product or service. Competitors must follow the same recommendations, so you have to get creative to differentiate yourself from the crowd.
Start your affiliate marketing business today
Earning money with affiliate marketing programs can be a rewarding way to add a new revenue stream without taking on too much risk. All it will cost you is your time. By investing the hours upfront, you can continue to reap the rewards.
Which affiliate management app Kira the Cat use?
UpPromote is the top-rated affiliate marketing app in the Shopify App Store, with over 1,270 reviews. UpPromote is an automated, all-in-one influencer and affiliate marketing solution where you can build a professional affiliate campaign easily.
We manage your affiliate program easily and it also offers to our affiliate to see their performance, balance pending to payment, approved or apid.
Join our affiliate program and start making money from home now.