Many people are now entering into the world of online marketing, or affiliate marketing, in order to supplement their income or to make it their “primary source of income.” Why? Well, because online marketing offers then tons of benefits unlike other business ventures!
The possibilities are endless and SKY is the limit when it comes to online marketing.
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- First, with just an Internet connection, computer/laptop and a website, you can reach just about anyone in the world, not just the locals, and market and sell your products and services online. (The market is wide, which also translates to large profits.)
- Second, setting up an online business requires only a fraction of the total cost (less than 0.001%) required to build an actual offline business, which eventually means a lot of saving for you, the business owner.
- Third, you do not have to have your own products to get started. This is probably one of the reasons why so many people are attracted to online/Internet marketing.
In online marketing, you can immediately start making profits simply by selling other’s products, or just trying to sell it. Moreover, getting started is quite easy. All you need is sign up with affiliate programs (to establish an agreement with a web merchant). Once everything is settled, you can start making profits immediately by selling merchant’s products.
Fortunately, the most widely used and fastest growing online method of selling other’s products online happens to be affiliate marketing.
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What is Affiliate Marketing?
Affiliate marketing, in its simplest term, is an agreement (partnership) between a web merchant (retailer), who has products and services to be sold, and affiliates, who are willing to do all the legwork or promoting and selling merchant’s products on their website.
How Affiliate Marketing Works?
In affiliate marketing, the merchant provides his affiliates with all the marketing tools – banners and text ads with links that point to his website – for promotion.
The affiliates, in turn, place these banners and text ads on their website where he promotes the merchant’ products and services and get paid every time ‘click’ on the ad, or most desirably, a ‘sale’ is generated through his affiliate link as visitors are redirected to the merchant’s website.
The affiliates are paid on “commission basis,” although web merchants will only pay a fixed amount for the affiliate’s compensation.
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Why Join Affiliate Marketing?
Making money online through affiliate marketing is often fast and easy.
The first method is to sign up as an affiliate with an online company (merchant) that offers affiliate programs.
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The second method is even easier one. You can sign up as a member of an “affiliate network” – a network or platform that lists wide range of affiliate programs in all sorts of niches/industries for many online merchants or retailers.
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Signing up with Affiliate Marketing Program
Signing up is often free, although there are few companies or networks that charges a small fee for registration and membership. These fees, however, are made as payment for extra services that the company may offer to you, such as providing you with all the marketing tools, tutorials, and guide to jumpstart your online career.
When signing up with affiliate programs online, you will have to fill an online form containing your basic information. Some affiliate programs may ask you to provide your website URL and brief description. This will let the retailers verify that you actually have a website that is relevant to their products and services.
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Other affiliate programs, on the other hand, will not require you to have a website. After filling up the form, you are allowed to choose the affiliate programs you want to promote and sell.
After signing up with an affiliate program and becoming an affiliate, you are now ready to make tons of money by promoting and selling others product online.
How do you Make Money from Affiliate Programs?
There are, in fact, several ways you can make money from an affiliate program. Most of these ways are dependent on the type of affiliate marketing programs you have gotten yourself into.
Way #1: PPC, PPS, and PPL affiliate programs
Many affiliate programs these days compensate their affiliates in either one or three ways: pay-per-click (PPC), pay-per-sale (PPS), and pay-per-lead (PPL).
In PPC affiliate program, the affiliate gets paid every time he/she directs website traffic to the merchant’s site.
PPS and PPS affiliate program, on the other hand, works differently.
In PPS affiliate program, affiliates make commission only when his/her referral makes a purchase or converts into real sale. Usually in PPS affiliate programs, the affiliate receives around 15% to 20% commission for each conversion.
PPL affiliate program also works similar way, although the affiliates are paid a “fixed fee” whenever his/her referral converts into a lead for the merchant.
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Way #2: “Two-Tier” affiliate programs
Other affiliate marketing programs are “two-tier” programs, where one affiliate is allowed to recommend other affiliates to the merchant’s website. The great thing about this type of affiliate program is that affiliates get paid through the traffic or sales or leads generated to the merchant’s website as well as the traffic and sales generated by the affiliates who signed up with the program through his referral.
Way #3: Residual affiliate programs
Yes, there is another way of earning more profits through affiliate marketing: by signing up for residual affiliate programs. This type of affiliate programs are those where the affiliates keep receiving paycheck from the merchant as long as the customer he/she referred to the merchant’s site is loyal.
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There are two types of residual affiliate programs!
- One type of residual program pays the affiliate a commission every time the referral makes a purchase on the merchant’s site.
- Another type of residual program pays the affiliate a percentage every month for as long as the affiliate’s referral remains their (merchant’s) loyal customer.
So, Did You Know How to make more Money Selling Other People’s Products?
With so many options available and so many ways of earning money online, affiliate marketing is unquestionably the most popular and the easiest way of making money online by selling other people’s products online.
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As to the answer to the question, “how much can I make from affiliate marketing” depends solely on you – the affiliate. How much are you willing to invest to make more profits? A hardworking and dedicated affiliate will undoubtedly sign up for more programs and make more money than those affiliates who would simply sign up and do nothing.
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