What is Affiliate Marketing ?
Affiliate Marketing Meaning :
Sales tactic where you can make good money by selling and promoting other’s product through recommendation of it to the same audience. This is called as an Affiliate Marketing.
Basically, it is an online sales strategy that allows the owner of the product to increase his sales by allowing others to target that same population of buyers or purchasers; affiliates here is to earn a commission by marketing that product to others.
At the very same instance, it becomes possible for affiliates to earn money on products and its sales without making the product their own.
The interesting thing about it is that the cost of the product does not change even if it is purchased from the affiliate. It is exactly same as that buying it from the product owner.
Though the product owners do not make much of a money as they are unable to target as many audiences as the affiliates and also that they have to pay a fixed amount or percentage of the sale amount to the affiliate.
Affiliates can earn commissions on a one-time purchase or recurring income through sales of subscriptions or membership programs.
Marketers become affiliates in a number of ways that includes:
◦ Registering themselves on e commerce sites and starting the work.
◦ Surveying and reading the customers and learning their interest of product purchases or services and then contacting the companies to inquire about the affiliate marketing with them for their products.
◦ Looking online for products that are of importance to the marketer’s site and can attract the audience.
◦ Looking for potential affiliate products at affiliate program managers that include Commission Junction, Clickbank, and ShareASale.
How to make money affiliate marketing ?
After you get approval from the owner for promoting the product, you will receive a unique URL coded with your affiliate id.
They will have to share that unique URL with their subscribers, site visitors and social networks via text links or ads.
When somebody will click on that particular link, software records that clicked and any resulting product sales in the affiliate’s account.
When commissions reach a pre-determined threshold, the affiliate is paid.
Affiliates are most successful when the products they promote match the interests of their followers subscribers.
So this is a new way of engaging people and earning a good amount of money.
With a little reading and learning about choices that a purchaser needs, a person can make a good amount.
Author: Pratima Singh