subject: What Is Affiliate Marketing? [print this page] Affiliate marketing is marketing online, to your group of prospects and customers. Affiliate is a great way to earn more money. As a marketer, you will promote someone elses product and in return they pay you commission as a percentage of the cost of the product. Take note that in this article I will be making an assumption that you have your group of subscribers and customers. To know how to achieve this, read my articles regarding traffic.
A business or product owner will start an affiliate program to get people to help sell their products. Each affiliate marketer that signs up for the program receives a unique ID which they use in their links. When their customers click on this link and buy a product, the sale is recorded under the marketers name and thus he/she earns the commission.
Commissions come in 2 main forms: one time commission or a recurring commission. A onetime commission refers to the commission received only once after you made a sale; while a recurring commission refers to sales made monthly, for example, membership sites. Another aspect of the commission is how much percentage does the business or product owner pays you. A typical percentage for digital product would be 50-70%, while selling physical products would pay much lesser.
When you choose your affiliate program, be very thorough to avoid a scam. I shall not go in depth, so if you like to find out more you can read articles I wrote on affiliate program scams. Remember to read all the rules of the program you have chosen. They may have specific requirements, for example, owners may not want their name used in your website; or they do not want you to over claim on the benefits of their products.
When choosing your affiliate program, choose one that you are interested in and have knowledge about. The more passionate you are in this program, the more likely you will do well!
Promoting other peoples services or products can be done in many ways. The two main methods are paid methods, which includes advertisements and free methods, which include writing articles, promoting on blogs, email marketing and newsletter marketing.
Education is essential to excel at affiliate marketing. You can learn more by reading a good EBook by an affiliate marketer expert, or speak to someone who has thrived in this industry. To find out how I started my affiliate marketing empire, read on.
Now that youve received tips on how to boost your internet marketing business, Ive an interesting story to share.
A miser sold all that he had and bought a lump of gold, which he buried in a hole in the ground by the side of an old wall and went to look at daily.
One of his workmen observed his frequent visits to the spot and decided to watch his movements. He soon discovered the secret of the hidden treasure, and digging down, came to the lump of gold, and stole it.
The Miser, on his next visit, found the hole empty and began to tear his hair and to make loud lamentations.
A neighbor, seeing him overcome with grief and learning the cause, said, "Pray do not grieve so; but go and take a stone, and place it in the hole, and fancy that the gold is still lying there. It will do you quite the same service; for when the gold was there, you had it not, as you did not make the slightest use of it."
