What Is Affiliate Marketing?

Affiliate Marketing IS!

In case you’re wondering what affiliate marketing is, it’s actually a lot like being a commission-based salesperson for a company, only that you’re basically on your own. But really, it’s not as bad as it sounds. In fact, affiliate marketing can be one of the most profitable things you can do if you do it right, and thousands of people right now are relying on affiliate marketing as their main source of income.

So, what is affiliate marketing?

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What is Affiliate Marketing

The Internet is a powerful tool for making money. It has grown in popularity over years, and it grows exponentially every single day. Due to its popularity, it has created opportunities for thousands of people to realize their dreams of starting businesses in their homes. Many home Internet businesses are easy to start and take very little capital investment. These can include blogging, selling things on online auctions or other possibilities. However, one of the more popular ways to make money online is through affiliate marketing.

The way affiliate marketing works is pretty basic. You have a supplier and an affiliate. The affiliate is the advertiser; the one with the website traffic or email list. The supplier is the one that has the product they need to move. The supplier will offer a percentage of sales derived from the affiliate’s web traffic. This percentage can vary a great deal. Higher priced items may offer lower percentages, but the earning potential per item can be pretty high. On the other hand, informational products or lower priced items may offer higher percentages. But, the revenue per item may be lower on these types of sales.

Amazon is known as the pioneer of affiliate marketing. They started offering it very early in their creation. And, they still offer it today. They have thousands of affiliates making thousands of dollars every month off of the products on their website. Amazon only pays affiliates on items that are purchased from visitors to their sites from affiliate sites for 24 hours after their arrival. So, if you send someone to Amazon’s site today because they read about a review of binoculars on your site and they do not buy it until 3 days from now, then you do not get a commission.

Before signing up for an affiliate program, it is a good idea to show the supplier that you have some kind of web traffic already. Many affiliate programs want to see existing traffic, or past examples of sales in affiliate marketing before allowing you to join their program. They want to make sure that affiliates understand how this business works and will only be sending them legitimate traffic. Many have tough standards and high expectations, and they want to make sure they are getting affiliates that best represent their brand, and will not do things that will hurt them on the Internet. There are several nefarious things that can be done in affiliate marketing so they want to make sure they are getting affiliates who know how to run a clean campaign.

Affiliate marketing has grown for years now ever since the likes of Amazon started their program years ago. It is a win-win situation for the affiliate and for the supplier. The supplier does not have to hire hundreds of sales people and pay them salaries. And, the affiliate does not have to store thousands of dollars of inventory and risk it will never sale. Instead, each party can focus on their strengths in the equation.

What Exactly is Affiliate Marketing?

If you’ve heard the term affiliate marketing but are confused about exactly what it means, take a moment to read this page, it was designed specifically to increase your awareness and knowledge of affiliate marketing.

Stated basically, affiliate marketing allows the affiliate to receive a percentage of the profits, whenever a visitor to your website or link, in turn buys the end product or service from the vendor. In other words they are paying you a percentage, for sending them a sale. The percentage varies from product to product but generally ranges from 25 to 70%. Your actual compensation may be based on the clicks, referrals or signups, but is most normally based on actual sales made of the end product.

A significant amount of money can be made via affiliate marketing, so take your time and search for products paying the best commission, but also products of very high quality. It will do you no good to send a qualified prospect to a bad product, which may result in no sale, or eventually a refund, both a waste of your time and energy and possibly money.

That is not said to frighten you, since a great deal of money can and has been made based solely on affiliate marketing. Here are a few benefits surrounding it.

BENEFITS OF AFFILIATE MARKETING

No product to create, or inventory to purchase. The merchant or website owner will take care of development and delivery.

No shipping costs, at least not on the affiliates end. If shipping is required, the merchant or website owner will handle any charges, and or fulfillment requirements.

You’ll never need to deal with dissatisfied customers or refunds. While any reputable merchant should strive for superior customer service, it will never be the responsibility of the affiliate, rather the product owner or Fulfillment Company.

It isn’t necessary to promote one single product; instead promote as many as you can comfortably create content for. The only caution is as follows, don’t take on more than you can comfortably handle.

The affiliate marketer can be up and running quickly with the product creator, or website owner, having furnished multiple methods of advertising.

While it is advisable to have a website, it’s not mandatory and the use of free websites, while not ideal, is certainly possible.

NOTE: some limitations may apply and the aspiring affiliate marketer should strive to have control over their website content.

Geographic limitations do not come into play. As long as you have an Internet connection you can operate your affiliate marketing business from anywhere in the world, either full or part time.

High profit potential… Depending on the product or merchant, some affiliates receive commissions as high as 70% or more, giving the potential for significant gains.

Autopilot profits… While it may take time to properly set-up a marketing funnel, once established it’s possible to make money 24/7/365.

Becoming an affiliate marketer has the potential of high profit and low risk. Anyone seeking to make money on the Internet is well advised to learn as much as possible about becoming an affiliate marketer, then take action with this information.

Warning! Affiliate Marketers Do Not Fall into this Costly Trap

There’s no denying that affiliate marketing can be a very profitable source of income and you can totally change and improve your lifestyle by mastering the art of marketing properly. However, for every successful marketer you will find 10 more unsuccessful ones, and if those 10 had just taken a bit of time to learn the ropes properly they could have saved themselves a lot of money and heartache.

Many people are attracted to affiliate marketing after reading the hype and promises about making easy money with just a few mouse clicks or by following this or that system, or buying the latest program touted as the solution to instant riches. The reality is that if it sounds too good to be true it usually is.

Yes, you can make a lot of money in affiliate marketing, but it is like every other business it requires some commitment to effort and hard work, particularly in the early days whilst you are establishing yourself. Once you get a regular income rolling in you can outsource a lot of the routine stuff but in those early days you need to be prepared to roll up your sleeves and get stuck in yourself.

Even though you may have money to invest from the beginning, it’s still a good idea to do the early work yourself, otherwise how are you going to know what works and what doesn’t? Unfortunately once you set yourself up as an affiliate marketer and sign up to a few forums and newsletter subscriptions you will find your email box starts to get bombarded on a daily basis with all the latest offers and promises.

They will promise you the world and quite often they are extremely compelling, leading you to believe your problems will be over when you buy what is offered, but trying to purchase every “shiny toy” that comes your way is just asking for trouble and certainly not healthy for your wallet. Do not fall into this trap.

Before jumping into anything it’s a good idea to learn as much as you can first. There are lots of good forums like the Warriors marketing forum where you can get advice and help for free. You will also find a number of blogs with guidelines and help to get started. Because whilst there are a lot of rogues out there after your money there are also a number of genuine marketers that are willing to pass on the benefit of their experience and provide some guidelines for you to follow.

If you take the time to learn about affiliate marketing, how it works and how to make it work for you, you will end up reaping the benefits, maybe not as fast as you originally had expected but it won’t have cost you a fortune and got you into debt to get yourself on the right path.

On a final note you need to be persistent, sometimes it takes a while to start seeing any profits, but if you stick with it and learn from your mistakes as you go along, you will reap the benefits.

Valuable Affiliate Marketing Techniques Exposed

Starting a business in order to generate additional income for you and your family is something that might not be very easy to do. Many people have dreams of creating their own business, and this is usually focused upon a brick and mortar store perhaps down the street or at the local shopping mall. The difficulty with running and maintaining these types of businesses is the overhead that is involved. You will have to pay rent on the building or office that you are renting. You will have to pay employees depending upon the size of the business that you want to operate. The utility bills, insurance, and all of the other costs involved could add up to thousands of dollars, even before you make a single sale with your business. That is why affiliate marketing has become so popular. It is easy to set up, and if you know what you are doing, you can begin to make a profit very quickly, without all of the overhead of a traditional business. Here are a few tips you can use if you want to try affiliate marketing as a way to increase the income that you earn each and every month.

Most people understand that affiliate marketing has to do with selling other people’s products and services. One of the main reasons that it is popular is because it usually involves providing a link that people click through to get to the main product. Once the person has been sold on the sales page, they make the purchase, and you make a commission. This sounds very easy, but there are some strategies that you need to consider before you actually begin. The first thing you need to realize is that not all affiliate marketing programs are created equal. Some of them do not cater to a large enough audience to make it worth your time and money to try to earn a living by selling their product or service. You also need to consider how much advertising material that they provide you with in order to start making sales. The larger the company, the more information they will typically provide, and the more support you will get when trying to make sales for their company.

Once you have chosen an established affiliate marketing company to work with, that has a wide variety of products, you need to consider all of your marketing options. If you are working full-time, your time is limited. Therefore, you might want to consider marketing their products through outsourcing. When you do outsourcing, whether you are paying someone to write and submit articles with your affiliate links in them, or you are paying someone from the Philippines or India to do this work for you, you need to consider which products will sell the best, and which offer high enough commissions to compensate you for the outsourcing that you will do. Once you have something that is working, you can repeat the process, and ramp up your monthly sales because you will know what works. But in the beginning, make sure that you keep your outsourcing to a minimum until you know what works and what is making you the most cash each and every month. By using these tips on affiliate marketing, you should be able to get started and start making money very quickly in this very profitable industry.