What is Affiliate Marketing?

Affiliate Marketing is best of the best opportunities making money online.The opportunity of having your business set up with very low cost ever.

Affiliate marketing is an Internet-based marketing in which businesses reward their affiliates for each visitor or customer brought about. The reward will be happened when the visitor or customer acts on any action upon required such as buying product or doing register on the website.

I can say that this is the money machine blueprint of the decade. If you do it right, your business will make money 24 hours a day, 7 days a week no matter what you are doing, playing with kids, sleeping in the bed… I don’t think there is any business or job gives the opportunity like this so far.

How the affiliate marketing work?

Affilaite marketing

Affiliate marketing work flow (Source: wikipedia.org)

Affiliate Marketing is that when companies (merchants) have products to sell, besides selling the products themselves, they also offer an affiliate, could be you and me, to promote their products. When the customer buys the product that you are promoting, the company will pay you a commission on every sales that you generated. That’s it. It’s very simple and make sense concept. It’s the same rule of doing business in the real world that doing business with having sale people but turn it to the “online” world.

Commission Types

Not only sell the products, some companies also pay for introducing people to their product, not necessary to buy to product. So, the commission that you will be paid can be as follow:

1. Pay-Per-Sale: This is what I mentioned above. You will be paid when ever the customer buys the product by clicking through your link given by the merchant. The amount of commission can be either a fixed amount or percentage of sales that you generated.

2. Pay-Per-Lead: The commission will be paid when you lead the customer to the merchant website. The customer may need to do something on the website such as filling out some information that the merchant requested, register or upon request. Of course, the customer must reach the merchant website by clicking through your link.

3. Pay-Per-Click (PPC): It is similar to “Pay-Per-Lead” program but your will be paid when the customer click on your link. They count the commission every click. The program that well known is Google Adsense, for example.

Normally, the commission paid by Pay-Per-Sale is much more than rest. Any way, your job is “to promote” the product that you’ve selected, entice the customer to buy, click or fill out the information through your link.

There are thousands of companies in hundreds of industries offer you a commission for promoting their products. The amounts of commission depend on each company policy. Many BIG brand-name companies using the online affiliate marketing, such as Dell, Discover Card, Dollar Rent-a-Car, eBay, Eddie Bauer, Gap, KMart, New York Times and many more…

The online market place will be the ideal place for the companies those who need to expand their selling. The online customer amount is getting increased more than double every year. So, the company not doing business online will be out of race soon. I don’t think you need to be late for this money train, right.

How do they know you are the one that generate sale?

When you have joined merchant’s affiliate program and get approved, you will get affiliate link that have your ID embedded. This is unique for each affiliate marketer. So, when the customer click on the given link from your advertising maybe in your website, your blog or your Ads then buy the product, you will get paid because the merchant know where the customer come from by referring to the code. Moreover, most merchant help you in case that the customer doesn’t make the decision to buy at that time visited. Later day the same customer change their mind to buy the product, the customer don’t need to come back to your site, but can go directly to merchant’s site and buy, you are still get paid. They call this cookies. Some merchant allow cookies up to 90 days, that means after first click from your site, within 3 months if there is any purchasing made by the customer, you will be got paid.

Who can be the affiliate marketer?

I can say that every people that can read can be affiliate marketer. I think you may have heard that 13 year old kid made thousands US dollars monthly online. I don’t think there is only one kid can do, I think many kids are making money online now. If they can do, why don’t you! This is not the rocket science.

What do I need to have to be affiliate marketer?

Because this is the online business, so the first thing that you need is computer or laptop that connected to the internet. I recommend the high speed internet such as ADSL, DSL or so on. This will help you save time a lot of doing market research.

The next thing is “time”, your free time. You need to research and find the product to promote including finding the way to promote. I’ll walk you through the process later. This is important.

The last thing beside providing your bank account is you may need credit card, just in case that you need to invest in building website or bidding for the place of advertisement. Do not worry, you will be the one to decide to pay or not. I will introduce you the free resources.

That’s all for now.

Affiliate Marketing

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