What is affiliate marketing? You must have heard the term on social media or your friends talking about it. Most people don’t know how it works, they just know that affiliate marketing offers great money-making opportunities. In basic words, affiliate marketing is a type of advertisement model where a company pays commission to third-party advertisers who bring in traffic and leads for the company.
Basically, advertisers pick a product or service from a brand and they get a commission every time they sell the product or bring in leads for the brand. More and more people today are using the internet and brands can generate more sales and affiliate marketers can make money. Bloggers and website owners can start promoting products and services on their websites and open the doors to unlimited income potential.
Types of Affiliate Marketing
There are mainly three types of affiliate marketing, and all of them are good for different people. Here’s a breakdown of types of affiliate marketing:
1 . Unattached Affiliate Marketing
Unattached affiliate marketing is an advertisement type where the affiliate marketer has no direct connection with the product or service they’re selling. These types of marketers have no related skill or expertise nor do they make claims about the use of the product. Because affiliate marketers have no connection with the product, they don’t have to take any responsibility for the product and services.
2. Related Affiliate Marketing
Related affiliate marketing is completely the opposite of unattached affiliate marketing. Affiliate marketers who promote products and services are directly related to them. Usually, the connection is between an affiliate’s niche and the product or service. These types of affiliates have enough influence and expertise to generate traffic. Plus as they are a trusted source, people prefer to buy products that they promote.
3. Involved Affiliate Marketing
Involved affiliate marketers have a much deeper connection with whatever they promote. They either have used the product themselves or they share real experiences of people who have used the product or service. Though this type of affiliate marketing comes with risks. If a product or service doesn’t hold up to expectation, it hurt the reputation of the marketer.
Most Common Affiliate Marketing Programs
Some of the most common and most profitable affiliate marketing campaigns are:
- Amazon affiliate marketing program
- Etsy affiliate marketing program
- eBay affiliate marketing program
- ClickBank affiliate marketing program