Affiliate marketing is simply getting paid to sell another person or company’s product or service. One person placing an affiliate link on their site accomplishes this and when a person clicks the link and buys the product linked, the person who provided the link gets a percentage of the sale.
A business owner who wants to ease the strain on their own marketing budget can also participate in affiliate marketing on their own site to make residual income. Residual income is getting paid multiple times for basically doing just one thing, like placing an affiliate link.
Now this just doesn’t just happen overnight, you need to put some work into the whole affiliate marketing strategy. You need to recruit people who are willing to place links for your site.
This takes some research as to what sites would be the best to represent your site and give you maximum residual income in return. If you want to sell other people’s products, you need to find products appropriate to your site and are good sellers.
There are different kinds of affiliate marketing programs but the easiest to join are the two-tier affiliate programs where you either join under someone or they join under you. Once you have become more versed in the whole system you can then recruit more affiliates and they can recruit and so on, building your down line and your income.
After a short while you could have multiple tiers of affiliates working for you. This doesn’t take much effort to manage once it gets going. You do however have to train your recruits so they know exactly what you expect from them.
All of this does take some time to master. You won’t have successful affiliates right off the bat, but with some time and nurturing of the ones you do have, you can build a successful team that will help keep the residual profits rolling in.