If you are asking yourself the question, what is affiliate marketing, you will need to first understand how it works so that you can put the concept into practice. It is simply to promote and sell someones products or services in return for commission. Here is more information on different types of affiliate marketing.
Affiliate marketing is a promotional strategy that is entirely internet based. E-commerce affiliates are paid for introducing customers to a website or company. Even bloggers and online forum members can become eCommerce affiliates and earn commission for referrals.
So the practice of sending business referrals from online sales people to online businesses is referred to as affiliate marketing. The number of sales and website hits generated with the help of these affiliates will determine the percentage of profits shared between the site owner and the marketer. Some of the most popular ways of earning money through this type of advertising are pay per click promotions, pay per sales, pay per lead, comparison shopping, weblogs and email lists as well as business promotions through websites.
Pay per click refers to an online advertising technique where a promoter pays the referrer if a visitor clicks on an advert. In this method of advertising, the content relevant to the web page is displayed on the site. Web users are more likely to click on these adverts while they are browsing online, thus the advertiser gets charged by the website owner.
There are many comparison shopping websites displaying lists of products or services that are on offer. Many portals support these comparison services, whereby users can compare the prices of these products or services through competitive websites before buying them. This is when affiliates will be able to make money by referring these sites to the users.
Pay per lead is another type of promotion strategy that works every time a customer registers at a sellers website after seeing the advertisement on the affiliates site. The referrer will then receive a set amount of money. Pay per lead is an effective way of earning a steady income once you dedicate some time and effort into it.
Pay per sale works in a similar way as pay per lead. For every sale resulting from adverts that are shown on the referrers website, some commission is given as a share of profits. Product promotion through websites is another great way of making money as there are a lot of sites that offer commission to referrers. Customers can get discounts and rewards by purchasing a product online. This includes free delivery service. So the client is encouraged to buy from the seller.
Finally, emails, forums and blogs can be used as great marketing techniques for developing customer relationships. Blogs and emails are popular ways of sending out promotional messages. Businesses have the opportunity to interact with their potential clients and talk about their products and services through forums and blogs. You may try any of the above strategies for attracting customers to the sellers website. The best thing about affiliate marketing is that the risks are low, and most marketers do not need any money to start promoting businesses. So the question, what is affiliate marketing can be defined as an advertising technique that is based on the internet.
"Enjoy Your Coffee"
Michael Stanley, 55