If you’re thinking about an easy way to generate income online quickly, legitimately and with very little cash outlay affiliate marketing is your best bet. Affiliates are making lots of money these days because affiliate programs are a win-win for the merchant and affiliate. What is it you need know before you start on this journey in to affiliate marketing what possibly could go wrong?
What is affiliate marketing?
Affiliate marketing is a revenue sharing between a merchant and an affiliate who gets paid for referring or promoting the merchants products and services. It is one of the burgeoning industries nowadays because it is proven to be cost-efficient and quantifiable means of attaining great profit both for the merchant and the affiliate and other players in the affiliate program, such as the affiliate network or affiliate solution provider.
Very simply, affiliate marketing is based on the sharing of revenues between the website owner and an online merchant who actually produces and sells a tangible product.
Merchants Love Affiliates
This is accomplished when you, the affiliate (who markets and advertises the merchant products or services) refer visitors to the merchant website who then ends up making a purchase. Merchants love affiliates because they provide free advertising and marketing.
Affiliates love merchants who offer these plans because it allows them all the benefits of earning great income with none of the headaches of owning a typical business.
Affiliate marketing works effectively for the merchant and the affiliate. The more affiliate websites or hard-working affiliates he gets, the more sales he can expect. By getting affiliates to market his products and services, he is saving himself time, effort and money in looking for possible markets and customers.
When a client clicks on the link in the affiliate website, purchases the product, recommends it to others who look for the same item or buys it again, the merchant multiplies his chances of earning.
On the other hand, the affiliate marketer benefits from each customer who clicks on the link in his website and who actually purchases the product or avails of the service provided by the merchant.In most cases, the affiliate gets commission per sale, which can be fixed percentage or fixed amount.
Here is an example:
The majority of affiliate websites are information based not hard sell product advertisements. Say you have a website all about guitars. People will search for all kinds of guitar related stuff, “guitars”, ” guitar accessories”, ” guitar repair” , “guitar strings” etc.. You get the picture.
People visit your site filled with great information people trust you are giving them what they want and you’re recommending guitar products you feel highly about.
You may have an affiliate link that leads to guitarstuff.com ( merchant site ) where your visitor ends up buying a box of strings. You just made the commission. It’s awesome..
So what are the main advantages of affiliate Marketing?
1. You don’t need your own products to sell
2. You don’t have to process any payment
3. You don’t have to handle or ship the products
4. You don’t have to handle any complaints
5. You don’t have to pay anything to join
6. You can get started immediately, part-time and if you want, gradually go full time.
Get To Know The Basics
So now that you understand the basics lets get this understood. It takes knowledge, study and patience. Anyone that tells you any different is dead wrong. Fortunately, if you do study and persist you will make great money. It does work.
The nature of affiliate sales marketing is based on doing all the heavy work upfront, which basically requires learning some basic marketing techniques and how to promote and pre-sell products. Once that is done much of the business virtually runs itself.
With the help of the Internet, you can almost have everything right at your fingertips. With just a few clicks you get access to thousands and even millions of pieces of information and data on virtually any field of interest. As years pass by, the Internet continuously effects changes in many parts of human endeavors, including commerce.
What The Experts Say
Experts say that the information space, commonly known as the world wide web, grows by over a million pages every day as more and more people utilize the Internet for information, education, entertainment, business and other personal reasons.
It doesn’t take a business-oriented individual to realize that this phenomenon can bring about sky-high financial gains. The Internets fast-growing popularity in the recent years is surely an opportunity for business that any entrepreneur would not want to miss.
You Too Can Earn Money
You might be thinking only business minded people can make money out of the Internet, dont you? Think again. You too can earn money through the Internet even if you dont have products to sell and high-profile and established company. How? That is through affiliate marketing. You might have come across these words over the net while surfing.
If you want to be an affiliate marketer and make fortunes out of the Internet, you may follow the following three most basic and easiest ways to start an effective affiliate marketing program. First is to identify a particular thing you are interested in or passionate about so you won’t be bored and forced to develop your affiliate website later on.
Focusing on a specific area you know very well will help you bring out your best without many risks and effort. You can add a personal touch to your site and give your visitors who are possible buyers an impression that you are an expert in your field.
In this way, you gain their trust and eventually encourage them to buy the products you endorse. Next is to look for good paying merchants and products or services related to your interest and create now a website. In choosing the products, you must also consider its conversion rate the number of visitors-turned-buyers.
Choose The Right One
There are various affiliate networks and affiliate solution providers that can give you info on the most profitable products and best paying merchants. The key here is, be wise enough to choose the right one.
Now that you have decided where to concentrate, have chosen the products to endorse and the merchant you are supporting and have created your own website with top-level domain name and reliable hosting, you are ready to promote. This is a crucial task, since it is through this that you would be able to increase traffic to the business website, sales and of course, profit.
High Ticketed Items
In affiliate marketing, it is possible to earn large sums of money in a short span of time especially when you’re endorsing high-priced items. Expensive products are hard to sell; however, with the right marketing strategies and sales techniques, you can draw visitors to the merchants site and make them buy the products.
How to promote the products, though, would need a separate discussion. Continue to educate yourself by reading books or other articles online about the best advertising techniques.
Keep in mind, there is no facile and quick path towards success. Affiliate marketing may seem very tempting due to numerous encouraging testimonies of merchants and affiliate marketers alike who have benefited from it, but it entails great deal of hard work and persistence.
Likewise, you need to be creative, flexible and willing to embrace new ideas to market your partners products until you find the perfect strategy that works for a specific market that you are targeting.
Neither signing up for an affiliate program nor copying ads and leading others towards the merchants site doesn’t guarantee success yet. Many affiliate marketers fail to understand this, so when they dont make sales, they quit, look for other programs and repeat the same mistake.
In the end, they conclude that affiliate marketing is just one of those scams in the Internet. Even as you sleep, you can work your way to great financial success if you employ the right strategies in affiliate marketing. Be creative, be smart and surely, you’ll achieve your goals.
If you hate working for someone else and want to gradually become independent, affiliate marketing is the best online business opportunity out there. Start learning as much as you can now! . And be willing to spend some time studying. I’m sure you’ll find it truly exiting when you log into your PayPal or click bank account and see commissions generated by people you’ve never seen, many while you were probably asleep!
Would love to hear your thoughts about this post or this site in general, and I will answer all the comments on my website personally so drop me a line below if you have any affiliate marketing questions or comments. I’m happy to help any way that I can.
Kind Regards Shane.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.