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This essay sheds light on how to make money from affiliate marketing and elucidates how to build passive income streams from capitalizing on affiliate marketing opportunities.
Additionally, how to maximize earnings potential as an affiliate marketer is delineated in this essay.
The paradigm shift of the marketing landscape in the digital era has profoundly reshaped the digital marketing field and has allowed affiliate marketing to become a highly profitable passive income stream for entrepreneurs to avail themselves of reaping.
Affiliate marketing as a marketing practice typically simply involves generating commissions by referring prospective buyers to purchase products. The affiliate earns a commission each and every time and time the product sells through their affiliate links or affiliate advertisements.
With unprecedented global digital distribution capabilities of the internet combined with all the free social media platforms, it is no wonder why affiliate marketing opportunities can be so lucrative, especially for entrepreneurs that have already established sizeable brands.
There are myriad ways to earn money though capitalizing on affiliate marketing opportunities. Some affiliate programs pay per click (PPC) which means you can make money by redirecting your audience to the advertiser’s website.
On the other hand, other affiliate programs offer pay per lead (PPL), which entails earning money when your audience that has been redirected to the advertiser’s website submits their contact information onto the advertiser’s website.
The most common payment option for affiliates is pay per sale (PPS), which culminates in affiliates earning revenue from commissions each time the advertiser generates sales from the affiliate’s referrals.
To maximize earnings potential as an affiliate marketer, affiliates should capitalize on paid advertising, social media advertising, email marketing, article marketing (Kubra, n.d.), and influencer marketing.