What is affiliate marketing?
Affiliate
marketing is the process of earning a commission by promoting other people’s
products. You find a product you like, promote it to others, and earn a piece
of the profit for each sale that you make.
Beginners Guide:
Affiliate
Marketing is an internet marketing channel in which advertisers (or companies
who offer a product or service) pay publishers on a pay-for-performance basis.
So unlike Google AdSense you don’t earn anything for clicks. You’re only paid
for results which could be a sale or a lead (user fill a form and complete
registration). In Affiliate Marketing as advertisers pays only for results it’s
a win-win situation as they don’t have to shell out large amount of money in
Banner Advertising or Pay-Per-Click Networks like Google AdWords, Search
Marketing where the results are not guaranteed.
How can work
·
Pay
Per Click – In Pay Per Click programs you get paid for all valid clicks
that you generate regardless of leads/sales.
·
Pay
Per Lead – In Pay Per Lead programs the advertiser pays you a commission
(a fixed amount) for a qualified action which can be a short survey, free
trial, install, sign up, online form submission etc. A perfect example of Pay
Per Lead programs would be dating websites which usually pays for a free trial.
·
Pay
Per Sale – In Pay Per Sale programs the advertiser pays you a percentage
of all qualified sales. The most popular Pay Per Sale affiliate program is
Amazon Associates where you can earn up to 15% depending upon the category of
products.
