What is Affiliate Marketing? Affiliate Marketing is not only lucrative but also a high-paying venture to break into. The best advantage with it is you can be your own boss, make your own hours, have your own business, yet have no inventory or major overhead costs to be concerned with.
It is extremely risky for the average person interested in becoming a business owner through creating, manufacturing, patenting and selling their own product. That’s where the concept of Affiliate Marketing comes in.
Few small-businesses push through and succeed past their first year. For the rest of us, let’s assume, you do not have your own product to sell but would like to enjoy the independence of making your own hours, working online as you please and have full financial stability.
Affiliate Marketing offers the benefits of having your own business and products without having to deal with the risks involved. Affiliate Marketing encompasses tactics used to gain exposure for a company or business online through allowing other webmasters or Internet Marketers to promote company products and earn commissions on sales.
Most businesses online have what is called an Affiliate Program. Affiliate programs are free to join and allow you the ability to promote that company’s product or service and earn an income through doing so. The person promoting the products is the affiliate and the company with the products is the merchant.
Once you sign up to join an Affiliate Program, you will be given a unique ID and a unique website address that you can use to drive traffic to that company’s website. You can promote that company through online forums, through e-mail or on a website.
Although most affiliate programs are free to join, some do require that you purchase the product before promoting it as an affiliate. It’s a logical requisite because you should know the product prior to advocating it to others! Otherwise, you may end up with a blank face about the product.
When interested readers click through your unique affiliate link and decide to make a purchase from the merchant, then you will be given a percentage of the profits or certain amount of money per sale or per-lead. Affiliate programs use advanced tracking techniques and cookies to ensure that the affiliate is paid for their efforts.