What is Affiliate Marketing?
Having
its inception in the middle of the 1990’s Affiliate Marketing is a means of
promotion of business over the internet and increase sales by asking other
website owners to promote their products and or services on their own websites
in return of the sales generated from the leads provided by them. The
website owners thus promoting products on their sites are known as affiliates
and such marketing is termed affiliate
marketing. This is a very important part of Digital Marketing Course.
Paydotcom, Clickbank and Shareasale and other such companies have set
percentage rates regarding affiliates which may go up to as high as 75% for some
products. Affiliate Marketing is based on the revenue sharing model while some
state it to be commission-based advertising.
The Advantages
of Affiliate Marketing
Though
the revenue sharing model is nothing new and has been flourishing for a longer
time than the internet itself but the advent of affiliate marketing has enabled
it to scale new heights and achieve the coveted position of being one of the
most prevalent and important form of advertising in e-commerce. Affiliate
Marketing’s greatest advantage is the low or no risk for the affiliate and
merchant alike which accounts for its widespread popularity.
How It Works
The
process goes this way, the affiliate sends to the merchant or the company whose
products or services are being promoted potential clients or customers through
links on their website or through email, RSS feeds, blogs and other kinds of
online communication. When the purchase materializes the affiliate earns
a stipulated commission from the affiliate network or vendor.
Cost Per Click
You will also find a minority of affiliate marketers avail a cost per click system of remuneration which is now starting to take off as a feasible form of generation of money from mainstream affiliates. To put it in simple terms the affiliate earns an amount every time an ad is clicked.
The Different Ways of Affiliate
Marketing
The
affiliate can earn a commission in a number of ways. One needs to determine
which of these would be most appropriate for his purposes and would suit him
best and join an appropriate network. Four of the primary methods are
inscribed in the lines below. However remember to go through the terms and
conditions of the affiliate program you are thinking of joining.
• Pay Per Click In the Pay Per Click scheme of things the
publisher or affiliate earns a pre-decided amount when a visitor to the
publisher’s site clicks an ad.
• Email Sending legitimate emails to your
subscribers is another way you can make money using affiliate links as options
that are embedded.
• CPA
Affiliate Marketing Here you receive money when your visitor
registers for a site, more often than not for a marketing or promotional
purpose.
• Affiliate Marketing Networks Shareasale, Clickbank etc are examples of affiliate marketing networks where you are spoilt for choice from several thousands of services and products and are free to join.
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