Wednesday 16 November 2016

What Is Affiliate Marketing And How Does It Work?

This post is all about what is an affiliate marketing and how really does it works. Affiliate Marketing is a web-based system. We use affiliate to get paid for sales to customers and there are many different ways you can earn money from being an affiliate marketer including commission based affiliate programs and Adsense based programs.



Commission Based Programs: 

Refer customers to related products through your website or email newsletter.
Get great commission.
Let’s understand this with the help of examples, let say, one has a website related to dogs training and he has placed an ad for dog’s training e-book. If any visitor clicks on his ad and buys the e-book from merchant’s website then he will save the commission of that book by sending web visitor to the merchant.

Let’s take another example, let say one person runs a very popular newsletter for people who want to learn yoga. He regularly sends tips to his list members and occasionally promotes products that offer affiliate commissions. When somebody from his newsletter list clicks on a link in one the emails and buys one of the various products, he simply earns the percentage of the product price.

Adsense Based Programs:

Easily display related ads on your website.
Each click makes you money.
Affiliate Marketing can be very lucrative business  and there are a huge number of affiliates, earning a full-time income from affiliate marketing and a lot of affiliates doing considerably more than that.

Affiliate Marketing is pay-for-performance. you only earn money as an affiliate if you are producing results for the merchant of the product in all networks such as Google.

Affiliate Marketing is a big business. Affiliates worldwide collectively earn in billions of dollars each year. One report estimated that affiliates in the UK  alone earned over 2 billion dollars.

Affiliate Marketing is a long-established business model. Affiliate marketing has been around since people realize the internet could be used for commerce. One of the earliest big affiliate programs was started by Amazon.com in 1996.

Affiliate marketing is, well obviously internet-based. You can promote yourself or your website using offline methods but when it comes to earning commissions, all the tracking and processing is done through the internet. There is no door to door selling.

Affiliate marketing is open to anyone. You don’t need any special green shoes to be an affiliate. Since affiliate marketing is pay-for-performance, most affiliate programs are open to anyone with you, experienced or a complete novice. You don’t need to be a computer genius to be successful affiliate everyone go through the same learning process, it just comes down to whether you can fight your way through to the other side.

Now that we’ve seen what affiliate marketing is, let’s have a look at what is not:

Affiliate marketing is not creating and selling your own product.

Affiliate marketing is not earning dollars overnight. There are NO secret formulas. It does require hard work. The reality of affiliate marketing is that  you need to spend time learning the ropes and then you need to spin the time implementing what you’ve learned. You need to make a lot of mistakes. It’s been a lot of time anguishing over why you are making sales. There are people and websites that can give you help along the way like me, but no one has the  much definitive solution.

So What have you learned about affiliate Marketing:

It is a web-based system were you paid for referrals.
There are many ways of making money.
It is well established, low risk and low cost start up business model.
Huge opportunities and lots of money to be made.
 It does take time and effort, but the rewards are worth it.

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