Affiliate marketing has become one of the most effective ways to advertise online, and is considered one of the easiest ways for any individual with a website to make money online. Affiliate Marketing is essentially an agreement between a product owner/service provider (merchant) and a website owner or publisher (affiliate), pursuant to which the website owner/affiliate allows the use of his/her site for the promotion of a merchant’s products/services (‘products’) via links that lead to the merchant’s website.
In exchange for such promotion and direct linking the merchant will make payment in the form of a commission to a particular affiliate for each purchase made to customers referred as a result of such promotion and direct linking. Every time someone clicks on a link on the affiliate website and proceeds to make a purchase, the affiliate gets paid a commission; but the merchant will pay an affiliate only when a customer clicks on the product link and makes a purchase.
Affiliate marketing programs are seen as win-win situations for both the merchant and affiliate marketer because of a pay-for-performance methodology that is understood, agreed to and utlilized by both parties who, as a result, enjoy immense benefits from this affiliate marketing structure. Affiliate marketing provides many benefits to the merchant’s side in the sense that it gives the merchant a wider market in which to advertise his/her product or service.
This marketing method provides a product or service the maximum exposure which it may not get with other traditional advertising techniques. The more affiliate sites a merchant can attract to promote his/her products, the more exposure of, and traffic to, product pages s/he can expect to achieve and convert to sales. Affiliate marketing is the equivalent of having an army of sales people who will advertise and promote products while only getting paid if the activity results in purchase(s).
Meanwhile, since a win-win situation is beneficial to both parties, the affiliate also enjoys many benefits. Foremost among such benefits is that affiliate marketing provides an easy way to earn money online via a method that is twofold. First and most important, an affiliate must have the ability to attract visitors to his/her website by providing interesting (if not compelling) and relevant content.
Second, that affiliate must be able to balance promotional links and banners in as proportionate a manner to the other site content as s/he can, in a manner that encourages those visitors to become readers who are interested in that affiliate’s viewpoints and, therefore in any products s/he may be recommending via those links and banners and lead directly to the merchant’s website. Once those readers have been converted to (prospective customers) through the affiliate’s efforts, they will hopefully click through and proceed to make a purchase.
As soon as the customer clicks on the ad on the affiliate’s site, is redirected to the merchant’s website and goes on to buy that particular product, the affiliate earns a commission. The more referrals there are the more profit for the affiliate. Affiliate marketing is an ideal way to earn money from home since there are virtually no production costs and the product is already developed and proven by the merchant; all you have to do as an affiliate marketer to find as many prospects as you can that will bring in the profit for both the merchant and you, the affiliate.
Affiliate programs are usually free to join so affiliates do not have to worry about start-up costs. And there are thousands of products and services you can choose from, because there are probably affiliate programs for every product under the sun. With this in mind website owners who are interested in earning money from their websites might be pleased to know that there is likely a product or service out there that is relevant to their website.
In addition, there is absolutely no sales experience necessary since most affiliate programs offer excellent support when it comes to providing marketing material; and the simplicity of affiliate marketing allows an individual to be an affiliate marketer at the least cost and the most comfort. So if affiliate marketing interests you, not only would it represent some extra money in your pockets, you may even be able to build a successful affiliate marketing business right in the convenience of your own home.
In affiliate marketing, the marketer’s responsibility is simply to find prospects for one or more merchants without having to worry about inventory, order processing, product shipping, or any other of those administration responsibilities that accompany product ownership. These, along with customer service support are the duties of the merchant.
Because of the global reach enjoyed by Internet participants, an affiliate marketer can easily find thousands of prospects and while intensify his/her advertising campaign by exploiting more aggressive and productive strategies such as viral marketing; and by attracting more prospects, the marketer can also maximize his/her potential to earn. Another benefit of an affiliate marketer is the minimal risk involved, in the sense that if the product s/he advertising is not making money, then s/he can dump it and choose another. There are no long-term binding contracts tying an affiliate marketer to products that are not making enough money.
All the same, putting yourself in the place of an affiliate marketer, benefits you will derive are the opportunity to increase your income and making a substantial profit, even if affiliate marketing is only a sideline business. With your own affiliate business you can easily earn extra income, although you do have to exert effort and use your imagination to maximize your earning potential. Indeed, affiliate marketing has been, and still is, one of the simplest and most effective business opportunities on the Web.