Affiliate marketing is the easiest way to start earning income, you can even start without any investment, but there are some things you need to do in order to succeed in this industry.
What is affiliate marketing?
Affiliate marketing is a marketing arrangement by which an online retailer pays a commission to an external website for traffic or sales generated from its referrals.
Basically, you go to a merchant such as Clickbank, you select a product to promote, they give you a link and you start recommending that product to people and if someone buys the product using your link you get paid a percentage of that sale.
As an affiliate marketer, you are responsible for complying with laws regarding privacy and disclosure.
The most common way to display privacy policies is by including a link in the footer of a website, a blog, or a landing page.
It is required by law
You see, there are many laws that govern the collection of personal data from consumers that have been passed by countries around the world including Canada (PIPEDA), the European Union (GDPR), and the state of California (CalOPPA).
These laws affect affiliate marketers who collect personal data from their blog/website users.
Whether or not you live in these jurisdictions, you’re still required to comply with these laws if you collect personal data from citizens of the jurisdictions.
Departments like America’s Federal Trade Commission (FTC) exist to protect consumers, and so naturally they’ve drafted rules for affiliate marketers.
Failing to comply with any of these laws will put you in hot water, probably when you make nothing there is nothing to lose but failing to comply with this law might results in fines or time in jail, sometimes even both.
It increases trust
You will be seen as an authority
It must be easy to understand
It must inform people of their rights and explain how they can protect those rights
It should disclose whether or not you receive a commission for the products promoted on your website
If you create content or sell affiliate products and you make money for every action your prospects take, you should disclose that.
Most new affiliates think that if they say they make money from the visitor’s purchase people will not buy, this is not true, most people are smart enough to know that you will somehow benefit if they buy through your recommended link.
It must contain a clause disclosing if cookies are being used
A link to it must be prominently posted, usually in your website footer