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What is Affiliate Marketing?

Affiliate marketing is the process in which an affiliate attains a commission for marketing
another company’s products or services. The affiliate simply promotes a product on their
platform and subsequently earns a piece of the profit from each sale they make.

How does Affiliate Marketing work?

When a business enlists the help of an affiliate, they typically send them a sample of the product
or service that they’re selling. The affiliate then produces content or another piece of
promotional material that draws interest from their large network of followers and visitors - thus
positioning said item under the noses of those who matter.
Why is Affiliate Marketing important?

Affiliate marketing is a key strategy for every business industry to prosper. Other people might
question its value, but a great number of e-commerce stores can attest to its efficiency.

The business world is huge and complex. Anyone can join and open any business and compete
with other traders. Thus, there’s a need for an ‘Affiliate Marketing’, to have an edge among all
those dealers. Here are some ways that affiliate marketing is crucial to your business.

A Great Way to Earn Cash from Promoting Already Popular Products

Popular products are already widely-known and do not require too much persuasive skill to
attract buyers. Too much effort on advertising isn’t needed because online buyers will definitely
search for it.

Popular products are well-liked products by consumers. It might be because the quality and its
uses fit the need of the shoppers. As a result, one can make use of its popularity to gain more
online consumers and advance them to the main website. Then, get a whole heap of commission
in less effort.
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Unpopular products need to start at the basic advertising and promotion method, which is why
catching customers for this might be too gradual.

Easier Than Building Your Own Company 

Affiliate marketing is important because it is much easier than building your own company and
creating your own products.

First, creating your own products requires a long period of time. It needs to undergo planning,
drafting, experimenting, and more processes. Your products must be proven and tested to ensure
quality and draw interest from buyers. It also demands more responsibilities than what you will
need from affiliate marketing. Aside from that, you must produce something that has unique
features.

Building a company demands too much of what ‘affiliates’ usually do. And, to make everything
work, you need to start from scratch.

Secondly, there are more efforts involve in opening a business than just plainly advertising and
promoting other people or company’s products. Thinking about how to start, what to do, things
to comply and all those requirements are very time-consuming.

Opening a new company or making your own product involves more risks. You need to invest
money for the entire business operation. Unlike in affiliate marketing, you only make use of
other popular products and practice your advertising strategies, and that’s it. You don’t risk your
own reputation, your money, and any efforts that are required in opening a new business.

The Process is Easier than Any Other Job

Affiliate marketing has four basic processes. Processes that are not really as complicated as how
it seems.
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First, you start by signing up on any brand or company’s affiliate program. You can even join
multiple affiliate programs of well-known products at once. Secondly, build your own affiliate
site and use the tracking link given to you, then connect your site to the main company’s web
page. If visitors successfully become online consumers, rewards will be given to you in a form of
commission. Lastly, do the same process on your other affiliate programs.

It is Important Because It Turns a Profit Relatively Faster

Unlike in selling your own products, affiliate marketing lets profit come in faster. It is because
you need to regain what have already invested, before declaring the remaining amount a profit in
having your own company. But, in affiliate marketing, all you have to invest is a little of your
time, effort and knowledge in marketing. You don’t even need to spend a penny in signing up for
any program.

The profits gained in any Affiliate Marketing business are from the wealth of those bigger and
more established companies. You will be entitled to receive a portion of their income from every
product sold or any service rendered. Hence, it gives you the feeling of being part of a larger
business community. Successful purchases done by a consumer through your affiliate link is
already an accomplishment. Furthermore, these established companies provide stable and high
commission.

What I Have Chosen

For my affiliate marketing, I have chosen BDShop.com. They provide really good benefits to the
affiliate marketers. These benefits are:

1. High Commission Rate- 3% to 7% in Five different Affiliate Group (Starter, Silver,
Gold, Diamond & Platinum).
2. You can choose any product to do marketing from their entire Catalog.
3. Cookie life time 30 Days- which makes significant benefit to the marketers.
4. 100% genuine products with an average 2100 Taka cart value.
5. We maintain stock and delivery by our self. So there is very less order cancellation rate.
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6. They maintain fast delivery and good after-sales support which will keep your reputation
high as referer.
7. Weekly payments by bKash/ Rocket/ Bank Transfer/ Cash (upon payout request).
8. Get direct access to customized support and marketing ideas.

Steps of Affiliate Marketing

The steps for the affiliate marketing in BDShop.com have been showed below:

Step 1

I created a new customer account by logging in with my Google account.

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Step 2

Then it took me to my account page from where I selected affiliate marketing from the left tab
and filled out the required fields of information. After that my account was created but still
pending for review and approval.

Step 3

This took me to an application form where I had to provide general information and saved that
information.