Affiliate Marketing as an Online Opportunity Strategy
One of the Most Popular Online Money Making Ideas
Some of the most popular and effective ways to make an income online are based around affiliate programs and affiliate marketing.
Affiliate programs pay YOU for selling other people’s products. This is a fantastic way to make money online and a strategy that I have personally had great success with.
Here is a short excerpt of a description from Wikipedia on affiliate marketing
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought about 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 to warrant a secondary tier of players, including affiliate management agencies, super-affiliates and specialized third party vendors.
How does it work? Well it’s quite ingenious really! You sign up via an online forum for an internet business program to sell the service or product. The product owner gives you a unique website coded with your own reseller or affiliate ID. When you send visitors to this online website, any sales you make are credited to your account and the product owner sends you a check every month for commissions made.
You will find that virtually every company online today has an affiliate program from the smallest one man businesses to giant companies like Amazon.com. When you think about it they’d be foolish not to. How else are you gonna have an army of agents selling your products or services throughout the World Wide web?
All affiliate programs are free to join. I’ve never come across one that isn’t. Once you sign up you will be offered a special link which you use to promote the merchants product. This link has a unique number or username attached to the end, so that your personal sales can be tracked. The smart companies also supply marketing materials, like online ads and banners to help you market their product or service.
Once you have made a sale using your affiliate link, that sale will appear in your affiliate account. Most affiliate programs pay out monthly via online payment processor like Paypal and Clickbank. You can be paid via check, Paypal, payment card(you can use this to withdraw your commissions from any hole in the wall worldwide) or sometimes directly to your personal bank account via direct deposit. I personally prefer to have my commissions direct deposited or via Paypal. Checks take too long to reach me here in Ireland, and I usually incur a bank fee when I lodge them in my bank..
Many internet marketers – like myself – make a full-time monthly income selling other people’s products as affiliate marketers. There are many affiliate marketing millionaires who have never owned their own product or service.
Another idea is to combine a number of affiliate programs under one website. That way you make money from multiple companies by sending the same amount of visitors. Click here for an example of a business that uses this strategy most effectively.
The great thing about these affiliate programs is that you do not need to worry about delivering the product or providing after sales support. This is all done by the product owner. They are happy to have you sell their product. Many sellers will give you as much as 75% of the sale made.
Most products owners use an online bank called Clickbank to deal with the payments and send your commissions, so no need to fret about getting paid. I have never lost a payment yet, in over 8 years of working online, part-time and full-time.
Do you think affiliate marketing is something you’d be interested in? I’d love to hear your comments or questions. Simply, use the comments box below to ask your questions.
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