There are many types of business opportunities for making a living online, and one of the most common is affiliate marketing.
What is Internet Affiliate Marketing?
Basically, affiliate marketing is the recommendation or promotion of some third party’s products or services to your website visitors. And each time one of your referred visitors completes a sale or perform an action, you get a commission from the third party. Depending on your promoting product, your commissions can goes up to as high as 75%.
Why Affiliate Marketing?
- Set-up costs are minimal (they can even be free if you use a free blog or website for your marketing).
- There is no cash outlay in buying supplies.
- You do not have to find storage, because you have no stock.
- There is no shipping involved.
Affiliate marketing is a popular way to start making money online because you can setup almost immediately and you don’t have to purchase any product or stock up any inventory. You don’t have to handle any order fulfillment, customer service or support. All you have to do is simply refer people to your merchant’s website and get paid when a sale or action is done.
How Affiliate Marketing Works?
When you first join an affiliate program, you’ll be assigned a unique affiliate ID. This ID is used to track and record all your sales. So, when you login to your affiliate member’s area, you should be able to see your previous sales earning to date.
A good affiliate program will also provide you a resource section where you can get useful marketing materials that can help you promote their products, e.g. banners, articles and links. On your website, you simply place their banners and links onto your web pages. When your visitor sees the banner and likes the product, he can click on the banner and get taken to the merchant’s website. Once he purchases that product, you earn a commission.
ClickBank.com, CJ.com, PayDotCom.com and LinkShare.com are some affiliate networks you can join.
What are the Basics of Affiliate Marketing?
When you first join an affiliate program, you’ll be assigned a unique affiliate ID. This ID is used to track and record all your sales. So, when you login to your affiliate member’s area, you should be able to see your previous sales earning to date.
A good affiliate program will also provide you a resource section where you can get useful marketing materials that can help you promote their products, e.g. banners, articles and links. On your website, you simply place their banners and links onto your web pages. When your visitor sees the banner and likes the product, he can click on the banner and get taken to the merchant’s website. Once he purchases that product, you earn a commission.
ClickBank.com, CJ.com, PayDotCom.com and LinkShare.com are some affiliate networks you can join.
What are the Basics of Affiliate Marketing?
To be successful with affiliate marketing is not as easy as many people have claimed. There are some basics knowledge and skills that you must master in order to excel here. Below is a brief description of these basics:
1. Market Research – This is the ability to analysis a market and determines how profitable it is.
2. Keyword Research – This is the skill of finding niches within that market and winning keywords.
2. Keyword Research – This is the skill of finding niches within that market and winning keywords.
3. Marketing Concepts – This is the understanding of human psychology and buying behavior.
4. Website Development – This is the skill to develop a professional looking website with minimum effort.
5. Pay-Per-Click (PPC) Marketing – This is the skill of running paid advertising campaign and generates web traffic quickly.
6. Search Engine Optimization (SEO) Marketing – This is the ability of using search engines to generate long-term free traffic to your site.
7. E-mail Marketing – This is the skill of building long-term relationship with your visitors and increase sales.
Some of these skills can be outsourced to other people to speed-up your success. Internet affiliate marketing is not a get rich quick business. Every affiliate marketers have to put in a fair amount of time and effort before they make any money online. However, if you are willing to learn the ropes, do the necessary work and be diligent, making million of dollars online is very possible.
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