So you must have heard of affiliate marketing and people can make money being an affiliate. But what is it exactly and how it works? In this article I am going to share what affiliate marketing is and how it really works.
To make it really simple, I am going to share a real life example. I have launched BlogKori Academy which is an online coaching platform. My readers can join this course and learn from me through videos. My course is priced at $49-$99.
Now the thing is, in order to have more sales, I need to attract more students. My resources and reach is limited. So what I did was to offer an affiliate program. In this program someone can join as an affiliate (for free) and promote my course. When they make a sale, I will pay a percentage of the profit to that affiliate. This is called an affiliate commission.
I am using software so the sales tracking and commissions are managed automatically. So you see that this way I can reach more people and sell more. On the other hand my affiliate is making money by promoting my stuff.
It’s a win win situation for both of us. So this is how exactly affiliate marketing works. [Continue reading…]