Being a student means that you are still financially dependent on your parents. But what if we tell you that there is a way in which you can make some extra money? This opportunity to create a passive source of income for yourself is called Affiliate Marketing.
Affiliate Marketing is a marketing technique where an affiliate promotes a product or service of a business and gets compensated for each sale they bring in through their unique affiliate link. The commission can vary from brand to brand and from product to product.
Why Affiliate Marketing is Best for Students?
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Affiliate marketing can be a great opportunity for students to earn added income while they are studying. Here are benefits of affiliate marketing for students:
1. Flexibility
Affiliate Marketing offers flexibility, which means it can be done from anywhere and at any time, making it an ideal choice for students with busy schedules.
2. Low start-up costs
You can start affiliate marketing with little to no investment. To get started all you need is a blog, website or social media account where you can put up your content.
3. Passive Income
Affiliate Marketing is a great source of passive income. As all your links are published online, your audience can make a purchase at any time of the day which means that even if you are not working actively, you will still be earning money.
4. Skill Development
With affiliate marketing, students can develop many skills like marketing, communication, time management, etc., which can help them in a corporate environment in the future.
5. Networking Opportunities
Affiliate marketing also offers an opportunity for students to connect with professionals in their industry, building valuable relationships and expanding their network.
Overall, affiliate marketing can provide a flexible and low-risk way for students to earn extra income and develop skills that can benefit them in the future.
How Does Affiliate Marketing for Students Work?
By becoming an affiliate marketer as a student, you would be promoting a product or service by creating content on your blogs or social media channels which will include your affiliate links. Whenever a purchase is made through your unique affiliate link, you will earn a commission.
Here are the basic steps on how to start affiliate marketing for students:
1. Choose a Niche
The first and most important step for affiliate marketing is to choose a niche. A niche is nothing but your area of focus. What are the products or services you want to promote? This could be anything from health and wellness to fashion, beauty, or technology.
2. Join an Affiliate Program
Now that you have decided on a niche the next step is to join an affiliate marketing platform. Look for platforms that offer the products or services you want to promote. One such platform is EarnKaro. EarnKaro has a portfolio of more than 150 retailers with good payouts. And as if that was not enough, you can sign up on EarnKaro absolutely free and start your affiliate journey right away.
3. Promote the Products
Once you have joined an affiliate program, now it’s time to start promoting products. As a student, you can promote products through your online channels like blog posts, social media, or adding affiliate links in emails.
4. Earn Commission
Now that you have posted your affiliate links, sit back and relax! Every time someone purchases through your affiliate link, you will earn a commission. The commission may vary depending on the products or services you are promoting. However, it ranges from 5% – 20% of the sale price.
5. Track and Optimize Results
Keep track of which links are working best for you and optimize your affiliate marketing strategies accordingly. You can experiment with different types of content or platforms, testing different products or promotions and monitoring your conversion rates and earnings.
Top Affiliate Platforms for Students
1. EarnKaro
EarnKaro is one of the leading affiliate marketing websites for students in India. With EarnKaro, you can become an affiliate marketer for more than 150 brands like Flipkart, Myntra, Nykaa, Mamaearth, WOW, mCaffeine, etc. The platform allows affiliates to create unique affiliate links and manage everything from tracking to payments. The minimum withdrawal limit on EarnKaro is ₹10.
2. Amazon Associates
Amazon, the e-commerce giant offers an affiliate program that you can register on using your already-existing Amazon account. Once you are signed up for the program, you can effortlessly add links to your website using Sitestripe.
You can also create customized links on Amazon. Any product of your choice can be linked to using text links, text and image links, or image-only links. Depending on the product category, the commission offered ranges from 0.2% to 10%.
3. Flipkart
Flipkart is the biggest e-commerce brand in India. With the Flipkart affiliate program, you can earn commissions anywhere between 0.9% to 20% depending upon the product category. Moreover, Flipkart offers a selection of affiliate tools, including banners, widgets, and APIs. You may keep track of the impact of referral links and conversions with the help of real-time reports offered by Flipkart.
4. Reseller Club
Recognized as one of the biggest reseller companies in India, Reseller Club offers a high-ticket affiliate program. As a Reseller Club affiliate, you can earn money by promoting the affiliate program and all hosting products. You can earn up to ₹8000 per referral. With an individual affiliate ID, you may manage your account and monitor your performance after signing up as an affiliate.
The tracking cookie rewards users based on their most recent click and is only active for 60 days. Moreover, Reseller Club provides a number of PayPal and bank transfer payout methods. The minimum payout is ₹50.
5. vCommission
vCommission is a popular affiliate marketing platform that was founded in 2008. They have a network of more than 18,000 affiliates and are still growing.
vCommission provides a user-friendly platform that allows advertisers to set up affiliate programs and track their performance in real time. Publishers can join vCommission and access a variety of offers to promote on their websites or social media channels. They can earn commissions by driving traffic and sales to the advertisers’ websites.
The minimum withdrawable amount is ₹5000, and the publishers are paid on a 30-day cycle.
6. BigRock Affiliate
BigRock is a well-known domain name registration and web hosting company in India. The cookie duration of BigRock is 60 days. Additionally, BigRock also offers email hosting, website builders, and digital certificates among other services. You can earn up to ₹10,000 commission on each sale.
Conclusion
Affiliate Marketing is one of the best low-risk ways of making some additional money for students. It offers flexibility and doesn’t require any special skills or training, making it perfect for students. However, it is crucial to remember that it may take some time for you to set up your affiliate network and that you won’t be to start earning money overnight. Being consistent and putting in all your hard work is the key.
FAQs
How can a student start affiliate marketing?
To get started with affiliate marketing follow the steps below: 1. Choose a niche 2. Join an affiliate marketing platform 3. Start promoting products and earn a commission 4. Track and optimize your campaigns
Can those under 18 do affiliate marketing?
There is no age limit when it comes to affiliate marketing. Anyone can start affiliate marketing whether they are 15 or 50.
Who is eligible for affiliate marketing?
There are no eligibility criteria to begin affiliate marketing. All you need is a working laptop and a stable internet connection.
Can a student be an affiliate?
Yes. Students can become affiliates by joining an affiliate marketing platform and promoting products and services within their network.
Is affiliate marketing safe for students?
Yes, affiliate marketing is safe for students as it requires no investment and can be done flexibly alongside studies.
