Business Ideas- What is Affiliate Marketing?
July 16, 2011 by Casey James
Filed under Affiliate Marketing
Affiliate marketing happens to be a way of promotion that you use the internet in order to advertise other businesses and products, as well as, your own
business and products.you’ll get commission for a base amount for each time that you successfully advertise to anotherpossible
customer.
You will find that this is a method of revenue much like commission.As an affiliate You will be able to get a small profit for every
time you get a clientinterested in the products and then make a sale for the goods. You’ll find that this is one of the most cost-effective ways to
advertise. Fundamentally, you will pay practically nothing for simple advertising and promotion.You will find that the trend
to use this type of marketing has become more popular since the late 1990′s. You will want to keep in mind that there are
many major companies and corporations that use affiliate marketing.
There are three ways that you’ll be able to be compensated. First, you’ll find that there is CPC or cost per click. This
is where you will pay someone for every time a potential patron clicks on the product. You will find that this
is one of the most fraudulent versions. You will also find that CPC is really no longer used. You’ll also find that CPA or cost per action is one of the better ways to use affiliated marketing. This is where you pay someone for something.
maybe you want to get more members. Every time that some one registers at the site you will have to pay for it. Then there is
cost per sale, which is the most common and profitable.You’ll find that there has to be a sale in order for the payment to be
collected.
Imagine that you could make commissions on a popular brand-name product just by placing a link on your website or in your email. That, my friends, is “Affiliate Marketing”!
OK… So it is not quite that simple, but it dose not have to be much more complicated either.
Let’s start with
a few definitions. An advertiser, or merchant, is the company who is selling a product. An affiliate, sometimes referred to as a publisher or partner, is
another person or company who aids in the promotion of the product and earns a commission for doing so. (That could be you!) In between is
the account management service that partners the advertisers with the affiliates and keeps track of the sales and commissions.
If you want to become an
affiliate, you first need to choose either a product you want to sell, or an account management service. You will end up with both, but the choice
of one will determine the choice for the other.
If you choose the product first, the advertiser will point you to the account management service that they already work with. If you choose the
account management service first, they’ll provide you with a list of merchants that they do business with.
To see if your favorite product or
company offers an affiliate program, go to their website and check the menu bar or the bottom of the screen. Look around for the word “affiliate”. Click on
that link, read about their program and requirements, and fill out their application. Some companies require specific types of websites to place their links
on. They will email you all you need to know to get started.
If you don’t know what specific product you would like to promote, or if you want to
promote several, I recommend browsing the participating merchants on the account management service’s website.
Try to stick to products or ideas that you are
familiar with and passionate about. It will be much easier to market to your visitors if you can add value to the link you want them to click
on. Personal recommendations or reviews will get way better results than just a banner or solo text link. Give them a reason to “click here”.
Welcome to the world of Affiliate Marketing! Good luck with your new venture!
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