A lot of people are now getting into online businesses and online marketing
either to supplement their ?real world? income or for it to become their primary
source of income. Why? Because online marketing just provides them a lot of
benefits!
First, you can reach just about anybody in the world who has Internet access if
you market your products online. That means a wider market for you, which can
translate to larger profits. Second, setting up an
online business
requires only a fraction of the cost required to set up an actual business
establishment, which means a lot of savings for the business owner.
Another aspect that has attracted a lot of people towards online marketing is
the fact that one doesn?t have to have his own products to get started. In
online marketing, one can start making a lot of money just by selling, or even
by just trying to sell, other people?s products. And getting started with this
kind of marketing strategy is actually quite easy. All that one needs to do is
to set up an agreement with an online retailer or merchant, and after everything
is settled, one can immediately start making money by selling the merchant?s or
the retailer?s products.
Incidentally, the most popular and the fastest growing method of selling other
people?s products online is affiliate marketing. Affiliate marketing, in its
simplest definition, is a relationship between an online merchant or retailer,
who has products to sell, and his affiliates, who are willing to promote the
merchant?s product on their website.
In a typical affiliate marketing set up, the merchant provides his affiliates
with banners and text ads that links to his site. The affiliates will then get
these ads posted on their website and they get paid whenever traffic or sales is
directed to the merchant?s website. Affiliates are often paid on commission
basis, although other online merchants would opt to pay a fixed fee for the
affiliate?s compensation.
Starting to make money online with affiliate marketing is relatively quick and
easy. All that one has to do is to sign up as an affiliate for an online company
that offers affiliate programs. An
alternative method, and usually an easier one, is to sign up as a member of an
affiliate network?a network that hosts a variety of
affiliate programs for different
online merchants or retailers. Signing up is usually free, although other
companies and networks may require you to pay a particular fee. Such fees,
however, are made as payment for additional services that the company may
render, like providing you with tools and assistance to jumpstart your online
business.
When you sign up with an affiliate marketing program, you are usually required
to fill out a form containing information about yourself. Some affiliate
programs may also require you to present the URL of your website and describe
its contents. This will allow the retailers to verify that you actually have a
website with contents that are relevant to their products. Some affiliate
programs, however, won?t require you to have a website. After filling out the
form and all, you are then allowed to choose the
affiliate programs you want to
promote.
After signing up with an affiliate program and being an actual affiliate, you
are now ready to start making a lot of money by selling other people?s product
online. How do you make money? There are actually a number of ways for you to
earn money as an affiliate, and most of these ways depends on the type of
affiliate marketing program you?ve gotten into.
Many affiliate marketing programs compensate their affiliates in either of three
ways: pay-per-click (PPC), pay-per-sale (PPS), or pay-per-lead (PPL). In
pay-per-click affiliate marketing, the affiliate is paid whenever he directs
traffic to the merchant?s site. PPS and PPL affiliate marketing programs work
rather differently. In PPS, the affiliate only gets paid when his referral
converts into an actual sale. In typical PPS affiliate programs, the affiliate
would usually get 15% to 20% commission for each conversion. PPL affiliate
programs work the same way, although affiliates are paid a fixed fee whenever
his referral converts into a lead for the company.
Some affiliate marketing programs are two-tier programs, wherein the affiliate
is also allowed to recommend other affiliates to the merchant. In such affiliate
programs, the affiliate would not only be paid for the traffic or sales that he
would direct to the merchant?s site but also for the traffic or sales directed
by the affiliates who signed up with the program through his recommendation.
Yet another way of earning more profits with affiliate marketing is through
residual affiliate programs. Residual
affiliate programs are affiliate programs where the affiliate gets paid a
number of times for as long as the merchant keeps the customer the affiliate has
referred to his site. One form of residual program gets the affiliate paid a
commission every time the referred customer purchases something on the
merchant?s site. Another form of residual affiliate program gets the affiliate
paid a percentage every month for as long as the company keeps the referred
customer.
With a lot of options available and a lot of ways to earn money, affiliate
marketing is undoubtedly the most popular and the easiest way to make money by
selling other people?s products online. As to how much money one can get from
affiliate marketing actually depends on the affiliate. A dedicated and
hardworking affiliate would certainly get more from the program compared to
those affiliates who would simply sign up and forget about the program later.
Take a free tour with a Highly
Recommended Affiliate Program to see if its a fit with your currents Goals here
Wishing You Much Success On and Offline,
Marvin Williams
Skype: freeteambuilder
www.Success4Life.ws