If you’re scratching your head wondering what affiliate marketing is, no worries! I, too, had never heard of affiliate marketing until about 9 months ago. Now, it’s one of my main sources of income. In a nutshell, affiliate marketing is when you promote the products of other companies to earn a commission on sales. Let’s say you love MAC Cosmetics and run a makeup blog. You can sign up for MAC’s affiliate program and get a unique link you’ll use to promote your favorite foundations, brushes, lipsticks, and so on. If someone purchases some lipsticks through your link, you earn a percentage of the sale. Affiliate commissions typically range between 3%-40%.
Know your product. The best content you'll see on YouTube is from someone who knows what they're talking about. If you're new to using a product, make sure you let your users know otherwise it's going to look like you don't know what you're doing. Research reviews and other content so you can see what other problems/issues users have and see if you can address them in your video.
Social media has been around for a long time now - MySpace started getting traction in 2004, then Facebook, Twitter, Instagram, and the rest, followed. It's become accepted that social media isn't just for children, and isn't just a toy. Given that most people know this, how do you maximize the value of being on social channels? Let's look at how to make money on social media with affiliate marketing.