Affiliate marketing is simply a unique form of performance-based Marketing where a company compensates one or more affiliates per visitor or customer brought about by the affiliate’s marketing efforts. For e-commerce websites, the affiliate marketing effort can be in the form of Pay Per Click (PPC) or Pay Per Sale (PS). Affiliates make money by earning a portion of every sale or click through generated by the visitor that comes in their way because they have chosen to let the company advertise on their website. They are paid a commission for every sale or click through, regardless of whether the visitor actually makes a purchase.
One other option when it comes to affiliate marketing is that of using a program like Google AdWords. The benefit of this program is that you don’t pay until your ads are clicked. So if you are into internet marketing and don’t like to put too much effort on promoting a product or service, then AdWords could be a good alternative. With this kind of program, you just have to choose the keyword or search term that is best suited for promoting your products. Then you put the target keyword or search term in quotes like this: “buy laptop online”, “buy digital cameras” etc. Once the ad runs, the system will randomly choose other matching keywords or search terms from the sponsored links and will show up as text ads on the right side of the results pages.
Another popular type of affiliate marketing involves social media. This includes an affiliate program that promotes the use of social media platforms like Facebook, Twitter, YouTube and LinkedIn. The affiliate gets rewarded for each lead that is generated within the platform through their promoted link. Another popular method when it comes to promoting social media is by blogging for another company, creating content that is linked to their website and submitting it to article directories.
If you think that affiliate marketing is only about commission, you are wrong. In fact, there are several other benefits that come with being an affiliate marketer. Apart from the financial rewards, you also get to support a worthy cause, improve your skills and knowledge about various topics, meet new people and widen your network. You can even earn residual income if you promote more products. The best part is, you get to do all these while working from home! It certainly sounds too good to be true!
The best way to promote affiliate marketing programs is to become a member of several online social networks like Twitter, Facebook, MySpace and LinkedIn. By becoming a member, you can follow others in your niche, become friends and exchange information on a number of topics. You can build your network and start gaining popularity within your chosen niche. This would then lead to lucrative revenue stream.
It’s important to note that there are different types of affiliate marketing compensation models available online. One of them is the Pay Per Click (PPC) model. There are many affiliate marketing, PPC networks such as Google AdWords, Bidvertiser and Yahoo Search Marketing. With the help of these platforms, you can start making money within a short period of time.
On the other hand, the other way of making money through affiliate marketing is through the sale and distribution of your own product or service. This can either be done through creating your own product or service or by joining and promoting other people’s products and services. The latter is considered better, since you actually have control over your income since it comes directly from your own efforts and business operations. But as mentioned earlier, it comes with a higher risk of loss and there are not many people who make a steady income through this method.
In the end, it all boils down to one thing: How much money you are willing to put in. If you are willing to spend a lot of money to purchase a professionally developed product, you can certainly expect a high revenue stream. On the other hand, if you are willing to join an affiliate marketing program, you can also build your own products and sell them to your followers. Both of these opportunities provide you with lucrative revenue streams, the only difference is the amount. The latter can give you instant cash without having to wait for weeks or months before you get paid.