Affiliate marketing has become a bit of a buzz word lately, but like any buzz word, a beginner is often left asking “What is Affiliate Marketing?” Let’s see if I can shed a little light on this hot opportunity!
What is Affiliate Marketing?
Affiliate marketing is the business of signing up to promote other people’s products or services, for a share of the sale in the form of commissions. This makes you an affiliate of or for a specific product/service. The great thing about affiliate marketing, is that you generally don’t need any special training or huge start up funds!
Your job as an affiliate marketer is to generate traffic to the product owner’s pitch page, allowing them to convert the prospective buyer you send, into an actual buyer. The more targeted and specific you are with your traffic promotions, the higher chance that those prospects, will become buyers.
You can promote a great many things as an affiliate. On Amazon, for instance, you can promote anything physical (and a few digital downloads also). If you want to be in the software niche, you can include links using your Amazon associate (affiliate) ID to sell specific types of software, spyware protection, antivirus software, and the like.
You can go to sites like ClickBank, PayDotCom or Nanacast and get a unique affiliate ID to promote a seemingly endless supply of information products. They have countless products and self help solutions from weight loss to PCs to business.
In addition, you can even become an affiliate promoting actions. There are many internet marketers who focus their business on getting a steady stream of traffic to take an action, such as filling out online surveys, for example. In these cases, an affiliate commission is received based on the completion of the desired action. (This is often termed CPA “cost per action”.)
Affiliate Marketing can exist in any industry. Today, many banks have an affiliate program that rewards members for referring others! (Although they rarely call it by the same name.) Mostly though, after signing up with various affiliate sites like those above, you will simply be given a URL link code that includes your referral ID and enables the product company to track which sales to give you credit for!
Affiliate Marketing – Success Made Easy
In the business of affiliate marketing, you don’t have to worry about developing ideas, creating products, or shipping and moving products. You don’t have to deal with customer service follow-ups or continually process more products for the marketplace.
Your job is quite often made easier by product owners desire so much to be successful, that they provide you with information and toolboxes to help you with yours! The toolbox usually includes web reviews, ready-made emails, and banner ads you can use with your own link embedded in them for instant plug-n-play success.
Affiliate promotion is one part of a good Internet Marketing campaign. Many Internet marketers will eventually become indistinguishable between product owner and affiliate. Product owners continue to use their list of buyers to promote affiliate items, and the affiliates often build such a good reputation in a niche, or category of focused sales, that they are urged to come out with a product of their own. (Product ownership is the “holy grail” of internet marketing so to speak and should be paid attention to as well.)
How much can an affiliate marketer be expected to earn? There are truly no limits. You can market in multiple niches if you desire, and work as much or as little as you want to generate targeted traffic through your links. Super affiliates often earn six figures or more, but even a new affiliate can earn enough to pay the bills each month – with some cash to spare!