Affiliate Money?? How to make money by affiliate programs ( Referral Programs )
Affiliate marketing is the process of referring to any company's products or services form your site or email list or social media profile and earn a commission for referring.
For Example, if a person A has a website with beauty as the primary concept then when you refer and product of a company with your referral link then somebody buys that product then that person A will earn commision from the purchase made through his referral link.
Usually, the commissions could be in rupees or % depending upon the referral program. So, how does the company know that sales come from your site? Well in each affiliate link you will have a unique id which belongs to you and only you, which is also known as tracking id for referrals. Referral link looks similar "https://www.mywebsite.com/ref?=ho4388" where ho4388 is your unique affiliate tracking id. Whenever any sale comes to the company then by this unique id company will come to know that sale is from you and then the commission will be paid to you. The process is all automatic if it is not then it is a big problem and nowadays every affiliate program is automated.
The company will pay you either monthly or weekly by wire transfer or by cheque. All the commissions you own each company will have a different set of rules to payout like minimum payout of 100$ or every payout request.
Lots of people want to know is do I need a business name to become an affiliate marker. The quick answer is no you can operate on your name, and you get paid on your name. Downside o this is some high paying programs ask to provide a KYC.
How to find the affiliate program of any website or e-commerce?
Now let's talk about finding the affiliate program that you can join. What I generally recommend is that start with google with type in the topic you choose and the word affiliate program. Like this "Shoes + Affiliate program" in the search and press enter, that would instantly bring the affiliate programs that you can join. Click on the link of a brand which is already well known in the market. Usually, you will see the details about the program, how to join, how much you will earn all that information.
Finding the affiliate program in any website
Some programs require a website already, but some programs don't I would generally recommend that you already have your site created and ready. Why because a lot of times companies want to see your site whether it is spammy, informational enough, whether the information is correct or misleading. So, once you read through the terms, then try to fill the details and sign up for the affiliate program. Most of the affiliate programs will take time to check everything manually and approve you so usually this will take a lot of time so never be surprised for the time to get approved. Particular programs will accept right away and start earning the commission right away.
Most of the affiliate programs will provide you with the banners for ads, links, codes and APIs. By using banners, you can post the ads on your website, or you can send it to your email listing, Share it to your social media posts and share directly with friends. Whenever someone bought anything by using your referral link then will get a commision out of it. Most of the times you will receive a mail once a sale is made using your link.
Above are the process and working model of affiliate or referral programs.