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What Is Affiliate Marketing?
I’ve seen lots of people asking this question – I’m going to answer this question in layman terms here, so everyone can understand.
Affiliate marketing is where you’ll be promoting other people’s products and services to potential customers and get paid commission whenever someone purchases the products and services you recommend.
Is Affiliate Marketing Legitimate Or Is It A Sham?
Of course affiliate marketing is 100% legitimate.
Lots of people have managed to generate millions of dollars from affiliate marketing every year and you can do the same as well. 😉
It is definitely not a sham…
What Are The Advantages Of Affiliate Marketing?
Some of the advantages of affiliate marketing include:
No need to bother about inventory
No need for you to have a warehouse to store products. It is done by the merchants.
No need to set up payment processing
No need for you to set up payment processing as well – as it is also done by the merchant. All you need is to sent potential customers to the merchant’s website, and everything else will be taken care of.
You can make lots of money from affiliate marketing
Take digital books for example – most of these merchants pay out up to 75% for a sale of a digital book – for example, if you manage to refer a sale for a digital book worth $40, you’ll receive a commission of $30 – it’s as simple as that.
You can sell to anybody around the world
There’s no boundaries on the Internet – your website or promotion will be seen by everyone around the world – this means that you have a chance to sell to anybody around the world! This is unlike a physical business, where you can only (in most cases) sell to people within the country where the business is located.
What Is The Difference Between Affiliate Marketing & Multi Level Marketing (MLM)?
In affiliate marketing, the amount of money you will make will depend on the amount of sales you make – and the merchant will pay you a certain amount of commission based on every sale. There are no downlines in affiliate marketing – you work directly work the merchant.
However, for Multi Level Marketing, the amount of money you’ll eventually make will depend on the money you make as well as the money your downlines make. The more number of downlines you have and the more money they make, the more money you’ll make in turn. It is impossible for you to profit a lot from Multi Level Marketing if do not have a good downline. I personally am not into Multi Level Marketing so I can’t comment any further.
What Can I Sell To Make Money As An Affiliate?
You can choose to sell either physical products (e.g. televisions, cameras, books, computers, etc.) or digital products (e.g. digital books, MP3s, etc.).
If you are interested in selling physical products, you may wish to sign up as an affiliate for Amazon (where you can promote anything on the Amazon website and get a commission of about 4% – 8% per sale), or an an affiliate in Commission Junction, Performics (In Commission Junction and Performics, you can find many companies where you can promote products for – such as Sony, HP, etc.)
If you are interested in selling digital products, you can sign up as an affiliate for Clickbank where you can sell digital books on any topics such as business, health and fitness, personal development, marketing, etc.
In addition, you can also make money by giving out free memberships to people, free products (like free game consoles, free gift cards, free ringtones, etc.) or when someone requests for a free financial quotation, etc. – Here are some of the networks you may want to sign up – MaxBounty, ClickBooth, CPA Empire.
Is There Any Way To Track The Number Of Sales I Generate As An Affiliate?
Yes, all affiliate programs will have an option for you to see how many sales you’ve generated as an affiliate, as well as how much you’ve made over a period of time – such as in a single day, in a week, in a month, or in a year.
Affiliate Product Marketing – Do I Choose The Product First Or Niche?
I would say you should look for your niche first. There’s no point in choosing the most profitable product to promote but you know nuts about that product – it will be very difficult for you to be able to convince potential customers for that particular product to buy from you as well.
Article Source: http://EzineArticles.com/1237063
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