A Beginners Guide:
Wikipedia defines affiliate marketing as “a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts”.
In simple terms, this means that an affiliate is paid every time he generates business for the company whose products he is marketing.
But you are not just someone who promotes a companies product.
You are the bridge of experience that customers need in order to decide to buy from the company.
That is how important you are.
People take the advice of a friend. Your job is to become a friend and a trusted advisor.
Affiliate marketing also known as promoting is an easy way to make quick money.
Though you may consider it a bit of a risk, there are literally hundreds of people who make thousands of dollars by working from home, and deciding to take the plunge into affiliate marketing.
It begins with choosing a program to promote.
Carefully consider the industry, demand for the product, and the terms of service before selecting a product to market.
Once you have chosen the program, the company will present you with a unique affiliate code, which you can use to promote their product on your website.
This can be done by way of web banners, pop ups, and other creative elements to help gain maximum visibility.
When promoting, the one keyword to watch out for is conversion.
Unless your promotions are leading customers to actually opt in for the product, it will not be profitable for you.
There are ways to ensure that your campaign stands out. Nothing will help you understand online promoting more than real experiences from real people.
Once your campaigns are put into action, the company tracks the results through the unique code provided to you.
Depending on your agreement with the company, you can make money every time someone clicks on a banner, fills in a lead form, or actually buys the product.
It sounds incredible, but it really is this simple. Sales conversions are the key to any company’s success, and promoting is the best way to convert customers.
Promoting is more valuable to a company than pure referrals, because the former tends to guarantee the company a higher rate of returns.
This works out well for the promoter because not only do you get to reap the benefits of the high commissions this will earn for you, but you can also understand how customers’ minds work.
Unfortunately however some companies don’t pay high commissions.
They only pay 10 to 30 percent commissions and no recurring income.
My advice is to stay away from such companies.
I’ve been in the industry a while now and I’m just starting to realize my importance.
Each of us is a gift.
So what is affiliate marketing, it’s you, the gift to companies and customers.