What is Affiliate Marketing?
This is Wikipedia’s definition of “Affiliate Marketing”:
Affiliate Marketing is an Internet-based marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts
Basically, I advertise a few landlord related products on my website like Landlord Insurance on behalf of other companies. Every time I generate them a lead or direct sale, I make a small commission. That’s essentially what affiliate marketing is.
I know a lot of successful, and even not-so successful, affiliate marketers make thousands and thousands of pounds each month. It’s a great area of business to enter if you have the skills and time. Unfortunately, I have neither.
I don’t do much affiliate marketing these days (not that I did much before, but I do even less now), and the little I do, I make extremely little from.
Last month I made £106.42. from affiliate marketing. Like I said, it’s not much, but hey, it’s better than a kick in the face. Plus, I never actually did anything too taxing to earn the money, I just put up a few banners here and there.
£106.42 isn’t a life changing amount; it’s a drop in the ocean of the £15k I’m trying to raise for my Reduce My Mortgage By £15k project. However, I will happily put it towards my 15k property project.