Affiliate marketing is promoting a product or service provided by a third party and receiving a commission when the person buys it. The commission rates vary from company to company, product to product. When the items are digital, such as eBooks from Clickbank, the commission rates can be as high as 25-75 percent. When dealing with physical products, commission rates of 4-8% is far more common.
Product reviews on a website is a popular way to connect customers to products, review it, and then link to the product on a site like Amazon or Walmart. Affiliate marketing is one of the easiest things to get started with online.
Affiliate marketing does not require that you have money to buy stock and keep it in a warehouse. Whether you’re selling digital eBooks or physical products, you don’t need to keep any stock. You are able to promote as many products as you can write about (or be written for you). The more you write and promote your reviews, the more money you’re likely to make with affiliate marketing is done right.
There are many affiliate programs and affiliate networks. Each has their own pros and cons. Amazon has their Amazon Associates program. Clickbank have their own affiliate program which offers some of the highest commissions. Offervault is a network that promotes mainly internet marketing products where the commissions are substantial, and the product prices are considerable. Some companies run their own affiliate program, and others join an established affiliate network to streamline customer and commission payment management.