Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts. The industry has four core players: the merchant (also known as 'retailer' or 'brand'), the network (that contains offers for the affiliate to choose from and also takes care of the payments), the publisher (also known as 'the affiliate'), and the customer. The market has grown in complexity, resulting in the emergence of a secondary tier of players, including affiliate management agencies, super-affiliates and specialized third party vendors.
Affiliate marketing overlaps with other Internet marketing methods to some degree, because affiliates often use regular advertising methods. Those methods include organic search engine optimization (SEO), paid search engine marketing (PPC - Pay Per Click), e-mail marketing, content marketing and in some sense display advertising. On the other hand, affiliates sometimes use less orthodox techniques, such as publishing reviews of products or services offered by a partner.
What Its Not
Affiliate marketing is commonly confused with referral marketing, as both forms of marketing use third parties to drive sales to the retailer. However, both are distinct forms of marketing and the main difference between them is that affiliate marketing relies purely on financial motivations to drive sales while referral marketing relies on trust and personal relationships to drive sales.Affiliate Marketing companies like Affilorama offer excellent opportunity for affiliate marketers.
Affiliate marketing is frequently overlooked by advertisers. While search engines, e-mail, and website syndication capture much of the attention of online retailers, affiliate marketing carries a much lower profile. Still, affiliates continue to play a significant role in e-retailers' marketing strategies.
Multiple Benefits Of Affiliate Marketing
Earn passive income.
It’s a bit like the money you earn if you buy a house and then rent it out – for as long as you own that house and are renting it out, you earn money. In a normal job you only get paid once for the work that you do, but as an affiliate you can keep making money from the same work day in, day out.
You don’t even need a product .
You simply have to promote products which are already for sale. Whether it’s an eBook about dog training your or a weight loss supplement – there is a product out there that you can sell as an affiliate.
Profits Commensurate To Effort
.Like any real business it all depends on how much effort you put in and how seriously you take it. For example if you only work an hour a day, or you spend most of your time checking emails as opposed to doing the work, then you might not make much money at all.
Make a full time income.
But if you are really dedicated and treat your affiliate marketing like a real business, and you put 100% in every time you sit down in from of your computer, then you can DEFINITELY make a full time income.Affiloblueprint is another place to check out your area of interest.
Start up costs are super low.
To start a regular business where you rent retail space and stock inventory could easily set you back tens of thousands of dollars. As an affiliate, you can get started for the cost of a burger and fries.
You don’t need staff.
No more office politics, and no messy payroll handling. When you get started as an affiliate you can do it all yourself, and when the time comes to grow your business it’s easy to outsource.
No expert knowledge
You don’t need any expert knowledge on a subject to sell affiliate products either. If you want to be an affiliate for weight loss products, then you don’t need a PhD in nutrition or exercise. All you need is an eager-to-learn mindset and the ability to market the right affiliate products to the right people.
The opportunity to work your own hours.
I’m not saying that you’ll be sitting on a beach drinking Pina Coladas and only working an hour a day after your first month as an affiliate. However, you do have the power to work when it suits you and have a more flexible life. You become your own boss – how cool is that?
How much money can you actually make?
Step 1: Find a suitable program
Step 2: Assessing the Market
A High Gravity Rating
Gravity rating is based on the number of different affiliates that have made a sale during the week. A high gravity rating means that lots of affiliates are making sales and, in general, you can take this to mean that the product is in hot demand and has a good chance of being profitable for you.
Internet marketing products.
Internet marketing products are frequently purchased by affiliates through their own affiliate link. By doing this they get a big discount on a product; unfortunately it also radically skews the gravity, so when viewing the gravity of internet marketing products, don’t take the gravity of these kinds of products at face value. The category most likely to be affected by this type of activity is Marketing & Ads.
Check out the sales page
Of course, low gravity is not necessarily unprofitable - after all, every new product has to start somewhere! However, if a product does have low gravity, then you need to dig a bit further to work out whether it will convert well.