Ever since the 4-Hour Workweek was released, everyone seems to have the same goal. The idea behind it is that you promote other people’s products, often through an affiliate marketing step by step network, earning a commission if people actually end up buying thanks to your marketing. If you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program.
If you have no product and want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate marketer. I want to dive deeper into what affiliate marketing actually is, what sides there are to it, and how to get started. So, let’s dive into my affiliate marketing guide. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make. 4 different parties that are involved: the merchant, the network, the publisher, and the customer.
Other definitions talk about 3 parties instead of 4. I will explain all 4 parties in a second. It’s not just the promotion or just the product creation that defines who you are as an affiliate marketer. You can be both the creator and the marketer and still profit from the underlying idea of sharing revenue.
Now let’s look at all of the parts of a successful affiliate marketing system. The Merchant: Sometimes also known as the creator, the seller, the brand, the retailer, or the vendor. This is the party that creates the product. It can be a big company, like Dyson, who produces vacuum cleaners. From solo entrepreneurs to startups to massive Fortune 500 companies, anyone could be the merchant behind an affiliate marketing program.