What is Affiliate Marketing?
Affiliate marketing is the act of referring online shoppers to various products and gaining a percentage of the sale in return. As an affiliate marketer, you are given your own links (known as referral link) to a product so the seller knows when a customer you referred buys their product.
What are the benefits of affiliate marketing?
There are quite a number of benefits associate with affiliate marketing. Many sellers offer great incentives to affiliate marketers, with some offering as much as 50% commissions on products you refer customers to. This means you can make money on the side (or even replace your entire income if you are very good and become successful at it). This is one of the legitimate ways to bring in a passive income, as people from all around the world are buying products online at every minute of the day. You don’t have to develop any products yourself, either.
As an affiliate to a particular company, you can also enjoy discounted rate for product you buy for yourself through your own affiliate link, which you can use or even sell to others for profit. It’s very easy to find outlets in which to plug in your links (oftentimes for free!). And make great money.
Getting Started
A good place to start your affiliate marketing is by reviewing some of the available companies offering Affiliate Marketing opportunity to interested marketers. Ensure to do a little personal research on the products and the commission they are willing to pay including their terms and conditions. Once you are satisfied with their products and terms, you can then signup for as an affiliate to start promoting their products. While some companies only give you the customized link which is tied to your ID for tracking your sales, some may provide more than just affiliate link. They can even give you some tools and materials to help you build your affiliate business.
Promoting/Marketing the Product
Now that you have successfully registered and gotten your special referral link from your choice of company, next is to start marketing or promoting the products either offline or online through various media available. The most viable way of promoting affiliate program is over the Internet. This can be achieved in different way as well, either by using paid services e.g. Google Adwords, Yahoo Advertising Solution etc. or by creating your person website and directing quality traffic to it daily for people to see what you are promoting. This could be very tasking but over time it has proven to be one of the best ways of promoting affiliate marketing programs.
Writing articles related to the products you’re trying to market can be very beneficial in many ways. One, this builds your online presence, and thus, your credibility. Writing articles on one subject but with many angles will help you understand exactly what the product you’re affiliate marketing is all about, and help you to identify your target audience. Also the more articles you write, the more people will know about you, which will be great later down the road when you’re ready for your own website.
Writing blog articles for free in exchange for being allowed to include links to your products can be helpful in that you will have full access to each blogger’s followers. This way, you won’t have to go out and find your own customers, you just market to people who are already interested in the subject and are web-savvy (a must for anyone who would consider buying products online).
There are also article sites that will allow you to include links to your products at the bottom of the article, and better still: some sites might even pay you small fees for your articles. The key to attracting as many customers as possible is writing a fantastic article that isn’t too sales-pitchy and showing them how their lives can be even more enriched if they check out the products you have listed.
One day, you’re ultimately going to want to take the leap and get your own website. It doesn’t have to be anything fancy, just something simple enough for customers to navigate easily. Here, you can have your own store with links to the various products you’re marketing, as well as build a customer base through blogging. This opens multiple channels of communication with millions of potential consumers. Combined with social media marketing in order to get even more people connected, you can eventually have great success with affiliate marketing, as long as you choose quality products to market and sell them effectively.
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