Prior to the pandemic, many were already looking for methods to increase their income. You can do this by starting a side business, and some side businesses, like affiliate marketing, can even provide passive income. Nothing compares to Amazon Associates in affiliate marketing.
The “Amazon Associates” program, which is also known as the Amazon Affiliate program, can be a simple way to monetize your blog or website. Simply register, get accepted right away, and add Amazon affiliate links to your website. It’s as simple as that: whenever someone uses one of your links to make an Amazon purchase, you get paid.
What is Amazon Affiliate Program
With over 12 million products and an average hourly sales volume of $17 million, Amazon is the largest online retailer and will generate net sales of $386.06 billion in 2020.
But the firm isn’t the only one becoming rich. The market share of affiliate marketers on the website is about 45%. It is also one of the biggest affiliate networks in the world with over 900,000 members.
By promoting Amazon products, content producers, bloggers, and marketers can monetize the traffic to their websites through Amazon Associates, Amazon’s affiliate marketing program.
It costs nothing to join the program. If a potential customer clicks on the Amazon link on your website and buys the product, you will be paid a commission. The commission varies by product category and is between 1% and 20%.
The Amazon affiliate program is perfect for established bloggers, influencers, and content producers, but it’s also a great place for novice affiliate marketers to start. There are numerous possibilities available due to the site’s extensive product selection.
How Does Amazon Affiliate Work?
Using a special product link, you can advertise select Amazon products to your chosen audience through the Amazon affiliate program. Customers who click the link will be taken to that product on Amazon.com. You will be paid a commission if they make a purchase within 24 hours. This charge varies depending on the type of goods and is based on a percentage of the purchase price.
You won’t receive commission on subsequent purchases if a customer closes their tab without making a purchase. A new 24-hour opportunity for you to earn money will open if they visit the site again later using one of your affiliate links. It’s crucial to remember that the window closes whenever a customer places an item or returns to the website via the link of another affiliate.
When a customer clicks on your link to go to Amazon, they occasionally add an item to their shopping cart before checking out but never really making a purchase. You will still be compensated for the recommendation even if the customer abandons their cart before the order expires (often after 90 days). Only once the buyer purchases the item, accepts delivery, and fully reimburses Amazon will the reward appear on your account.
Can One Earn Good Money From Amazon Affiliate?
Your income will be impacted by the size and level of interaction of your audience, your content, and your online marketing initiatives. $55,434 is the typical annual salary for an Amazon affiliate marketer. Despite the fact that recent statistics suggest affiliate marketers can make less than $20,000 year, there are associate marketers that earn millions of dollars in a single year.
Naturally, when you first start, your payout won’t be as high, but since the typical pay range for Amazon Associates is so wide, you’ll still have plenty of opportunity to increase your earnings over time.
In order to determine how much money you may generate from your marketing efforts, find out more about the commission rates for each category of products. Your earnings as an Amazon affiliate will be impacted by your commission rate, but it’s also critical to consider your conversion rate. This demonstrates the number of customers who click the link and purchase the item.
How to Join
If you want to become an Amazon affiliate marketer, you need an Associates account. Here’s a step-by-step tutorial to help you get started.
- Go to Amazon Associates.
Click “Sign Up.” You may log in with your existing account if you already have one.
- Fill out your account details.
This includes basic information like your name, address, and contact information.
- Enter the URL(s) of your website(s), social media channels, and apps.
Include all of your website’s URLs. Amazon allows up to 50 websites or mobile applications, which is beneficial to promote products in various regions.
- Choose a store ID.
This is similar to the name of your primary website.
- Describe how you get people to visit your site.
List down how you generate traffic to your blog. Explain how you make money from your marketing efforts, and explain your link-building process.
- Decide on a payment.
Enter your payment and tax ID details. You have the option to add more payment information at a later date. Return to your dashboard and enter your 4-digit PIN provided by Amazon.