>>> What Exactly Does Affiliate Marketing Mean?
As part of the Digital Entrepreneurship blog posts series, I would be talking about AFFILIATE MARKETING: its meaning, benefits, modus operandi, models, and lots more all through this month. Thus, I urge you to keep in touch with alanaija.com daily as I would be bringing to your knowledge some good affiliate program opportunities you can practice and make money too.
Remember, I do not do Ponzi schemes and I do not guarantee any nor promise that you would make a certain amount. It all depends on your activities, a dint of luck, and your expectations. (Read my disclaimer page also)
As an introduction, let me ask you these questions:
Question 1: How would you like to start your own proven online marketing business without having to waste money building a website? (I am talking about a business you can do with or without a website. You can even use your smartphone and an access to the internet as major tools).
Question 2: How would you like a business where you do not have to stock products, handle money, ship products, or deal with customer service issues, but you still make money with that product line?
Ohhh, you’re wondering, “Can that really happen? Can this situation be true? Absolutely, by using the power of the internet’s best-kept secret, Affiliate Marketing!
What Then Is Affiliate marketing?
Affiliate marketing is the fastest, easiest, and most profitable way to make money on the internet.
Affiliate marketing is majorly a joint venture activity with every stakeholder highly rewarded.
In Affiliate marketing, you’re rewarded for promoting a product, which could be a tangible or intangible product.
Affiliate marketing is the practice of promoting the products or services of another person or company in exchange for a commission on the resulting sale. Affiliate marketers join affiliate programs, find reputable affiliate products to promote, and then share those products with their audiences.
Affiliate marketing is really just a quick way to offer products and services without having to create your own products and services.
Affiliate marketing means paying the owner of a website to direct traffic to another website for a fee or a percentage of the sale that is made. Thus, Affiliate marketing is a win/win/win business model for everyone involved.
Affiliate marketing is also a digital marketing practice where an “affiliate”, normally the owner of a website – “the advertiser” – and does so for a reward.
When Is the Reward of an Affiliate marketing Program Paid?
The reward of an Affiliate marketing program is normally paid as a success fee when the traffic sent by the affiliate completes a purchase or fills in an enquiry form from the advertiser.
How Affiliate Marketing program Works (In a Nutshell)
When you join a merchant’s affiliate program, you’re given a unique ID and a specific URL to use and promote the company’s product.
Publicize this link in your blog posts and/or via your email marketing endeavours.
Invites readers to click on it and find out more.
When a potential buyer clicks on the link to visit the affiliate partner’s site, a cookie identifying the affiliate is placed on the website visitor’s computer. The cookie ensures that the publisher is credited with the referral sale even if it occurs days or even weeks later.
Whenever a buyer completes the sale process, the merchant checks the sales record for a cookie identifying the source of the referral.
If the merchant finds a cookie with an affiliate ID, the affiliate is credited with the sale.
The merchant makes reports available so that the affiliate (You) can see the referrals (clicks) and sales.
The merchant pays the affiliate (You) the commission at the end of each payment period. Therefore, you partake of the revenue sharing.
What Are The Benefits Of Using Affiliate marketing Programs To Make Money On The Internet?
According to Bob Gatchel, owner of Internet Cheapskate, and author of The Cheapskate’s Guide to Internet Marketing, as documented by Allen 2001:172-173), in his book, “Multiple Streams Of Internet Income”
The benefits of using affiliate programs to make money on the internet are quite obvious:
- It is easy! You don’t need to create a product or service. You never need to worry about spending the time and money to build and maintain a website. You never need to worry about customer service, shipping, or even getting a merchant account to accept credit cards. The company handles every one of those details.
- You can make money fast. Since you need not be concerned with all of the technical details of a website and need not build your own company to handle order issues, you can start by simply concentrating on advertising your special link to these sites. You can literally begin making money almost immediately. In some cases, people have been getting their first order within days…hours…or even minutes!
- You can be sure that the products you are offering will sell! Suppose you take the time to build your own product, company, and website, and your product doesn’t go over well. Then you are kind of stuck, since you spent so much time and effort to make a go of it. Being a pioneer and starting a new business can be tough. You end up with a lot of arrows in your back. In an affiliate program, you don’t need to reinvent the wheel- the hard work has been done. The market research, product development, and online sales materials have been professionally created. You literally have hundreds of thousands of dollars of marketing and market research done for you. And it costs you nothing to use it!
- You can run more than one program and create multiple streams of affiliate income. You are never locked into one product. You have as many or as few affiliate programs at your disposal as you wish. …If you find that there is a new market to capture and money to be made with a new product, then just sign up for the program and start promoting! Affiliate programs allow you to be an online business change agent.
- Free marketing training and tools are provided by the company. When you sign up for an affiliate program (which is normally free), you get not only the ability to represent that company’s product line with no hassle to you, but many companies provide you, the marketer, with tons of great marketing training material. You often get sample advertising copy, sample banners to use on websites, and sample sales letters. Again, you are getting some of the best marketing tools and training available to help make YOU and the COMPANY successful – for FREE!
What Are The BEST Affiliate Marketing Programs To Join?
There are a lot of Affiliate Marketing programs all over the internet. If you visit almost any online e-commerce website or any site that sells products,you will often see as a link to “Join The Affiliate Program” or “Affiliates” or “Earn Cash” or “Make Money” button.
Make sure you join the best and high-paying affiliate marketing programs.
But, how do you know the best and the high-paying ones? (Though, I will still write on it, today I would like to quickly reveal some of the ones I joined that are making money for me that if you join them now, they can make money for you too!
Now, let’s go…
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