Who is not interested in earning a promising income without having to work hard to do various things that take time and energy? If asked whether there is work that can be done effortlessly but still produces results, thanks to advances in digital technology, the answer is of course there is.
Since the advent of internet technology, now everyone has the opportunity to earn money in a much easier and more practical way. One example is through affiliate programs which are now widely available and used by the public.
Through this program, you can earn passive income, without having to spend large capital and hard work. Even so, before jumping into the world of the affiliate business, you must first understand how it works and the benefits that may be obtained. So, instead of being curious, take a look at the explanation of what an affiliate is, how it works, and also the following series of advantages.
What is Affiliate?
In short, affiliate is a program that can be done to earn income in the form of commissions every time you successfully sell products to other people.
According to the KBBI, the definition of affiliation is a relationship or relationship between members or branches. For example, a form of cooperation between an Indonesian company and a foreign company, this can be referred to as an affiliation.
In addition, affiliation is also a form of cooperation between a company and individuals who have the aim of getting greater profits via marketing strategies with promotional activities or adding links on social media or blogs.
Simply put, what is meant by an affiliate business is a way of earning additional income through the sale of goods, products, or services from another company. The term people who offer products from other companies are affiliate marketers, and a commission will be given every time a product or service is sold.
The amount of commission that can be obtained in this program can be said to vary, depending on the policy or agreement of the company and mutually agreed upon. For example, some companies that offer such programs will provide a commission of 10 percent of the profit or the selling price of the product.
Whereas in other companies, the commission given can reach 50 percent, or even above. With the potential for such promising commissions, of course this program can be a means of obtaining additional income that is worth trying.
Meanwhile, in the world of capital markets, there is also the term affiliation which means the relationship between the company and the main shareholder. In this context, affiliation can also be defined as the relationship of all parties that regulate business activities directly or indirectly with the company.
How Affiliates Work
In general, how affiliates work is not much different from brokers. In practice, you don’t have to have products, goods, or services in advance to be able to sell them to potential buyers, moreover prepare stock and risk losing when the goods are not sold out.
To be clear, here’s how affiliates work.
The first thing to consider when you want to get into this business is to register first. You can search for companies that offer these business programs on the internet through the official website. Then, after registering and getting approval, you will be given a referral code that is unique and not the same between affiliate marketers.
Through this code, the company can find out whether there are products sold via the affiliate program or not. In other words, this referral code is useful as a marker if the consumer has purchased a product through marketing or promotional activities carried out by the affiliate concerned.
- Promoting Affiliate Products
Of course, in order to sell many affiliate products and earn commissions, affiliates need to aggressively promote products and referral codes to potential buyers. Because, the more people who know your referral code, the higher the potential for products to be sold through that code.
There are many promotional activities that can be done to market this affiliate product. Some of them are sharing your affiliate product information and referral code through social media, conducting product reviews, or distributing it to online forums and blogs on the internet.
- Purchase occurred via Referral Code
The purpose of joining an affiliate program is basically to market the products belonging to the affiliate company to potential buyers by entering a referral code. In order to attract buying interest from potential consumers, it is not uncommon for purchases made with a referral code to be given discounts or additional benefits. That way, as an affiliate, you don’t have to worry that buyers will buy products that are marketed without entering the code because they will miss the potential profit.
- Earn Commission on Every Sale
Finally, for every purchase made using a referral code, you can get a commission according to the agreed amount. However, it should be understood that in a number of affiliated companies, a new commission will be given after the affiliate has filled out the form, is able to increase site traffic, download an application, or subscribe to the company’s newsletter service.
A series of advantages when pursuing an affiliate program
Here are a series of advantages if you start to do business as an affiliate
No need big capital
One of the advantages of pursuing an affiliate program is that it requires very minimal capital, it can even be done without any capital. The reason is because you don’t need to buy the product in advance and prepare stock so you can offer and sell it to potential customers. Your job as an affiliate is only to do promotions so that potential buyers are interested and eventually make a purchase using a referral code.
Can Be Passive Income
Another advantage of this business program is that you can use it as a means to earn passive income. Without having to work actively and spend a lot of time and effort, this program can provide affiliates with income. The main thing is to do promotions in the right places with the target market of affiliate products so that the potential for getting buyers and commissions is bigger.
Unrestricted Working Hours
For those of you who don’t want to be tied to working hours and want to work more flexibly, this affiliate program can certainly be the right choice. You can set yourself when to do promotions, without feeling the pressure of having to pursue targets like most other marketing or marketing professions.
Income Depends on the Effort
The income from this affiliate activity depends purely on how much effort and hard work you put in. The more intensive the promotion, the higher the potential to get potential customers. That way, the purchase of affiliate products through the referral code will increase, and increase the commission that can be earned.
Can Register Various Affiliate Programs at Once
This one advantage can certainly make income from this activity abundant and promising, not even inferior to the main job. If you join only one affiliate program, the income that can be obtained may not look big.
However, it is different if you follow various affiliate programs at once so that the source of income also becomes more. Depending on your abilities and available time, you can register for 3 or 4 affiliate programs at a time as long as it doesn’t conflict with any terms or conditions. Therefore, be sure to read the terms and conditions for joining this program in advance so you don’t experience any adverse consequences in the future.
Can Be Done Anywhere and Anytime
The last advantage in pursuing an affiliate program is that you can do it flexibly, anytime and anywhere. Especially in times of pandemic like today, affiliate programs can be a perfect means of earning income as long as they are taken seriously and diligently from home. Because it does not take time, this affiliation can also be carried out while working in the office via a computer, laptop, or smartphone.