Thinking about affiliate marketing?
Let’s begin by saying, “This is not a get-rich-quick scheme. Google has seen to this over the years. They no longer let people create and promote “churn and burn” websites to make a quick buck.”
With that being said, what do you know about Affiliate Marketing? If we break it down into the simplest terms, there are two types of Affiliate Programs.
Notice that both programs are similar but slightly different.
Program 1 is no cost and you offer their product, ie: clothing, sporting goods, furniture, coffee, tea, and hundreds of other products. In Program 2, you sign up as paid affiliate with a Membership cost. These companies typically offer products, training, coaching and other benefits.
Both are straightforward business models, however Program 2 is typically a little more complex. The target audience is different.
Program 1, your audience is identified by the product you are promoting such as ladies shoes. Program 2 audience is typically someone who is search for help. In this case you target anyone who is in need of advice such as “How To Market On The Internet.” Or coaching on “How To Become An Affiliate Marketer.”
Most people in Program 2 sell to a large diverse audience, while in Program 2, the audience is well defined.
Someone wants to be an affiliate for baseball uniforms but has no knowledge on how to do that. In this case, they find an affiliate company that offers help so that they can acquire that knowledge. They go through the training and learn how to become an affiliate. With that knowledge, they sign up with a company that offers baseball uniforms.
Affiliate marketing sounds easy and it really is, however there are many “ins and outs” that needs to be understood.
You must think about the product you are selling and the target audience you hope to attract. You also need knowledge and a good marketing strategy.
It just takes a little time to plan your strategy and select the partners that will have the greatest impact on your business. Affiliate Marketing..Small Business Encyclopedia
Affiliate marketing is a great home based business or work at home enterprise.
Affiliates – Affiliate marketing allows you to earn high income from your web site or blog while providing related services to your visitors. One of the benefits of Affiliate Marketing is that you can start earning money today with your web site or blog by joining one of many Affiliate programs.
Many businesses offer Affiliate Marketing programs as a way of generating sales and traffic for their products. These companies will pay you a commissions based on the traffic they receive from advertisements you create from ads, Facebook, YouTube or through many of the Social Media Sites.
Once you have joined an Affiliate program, you will be paid according to the programs pay type. (i.e.) a pay-per-sale program pays you each time a sale is made by a customer sent from your web site or blog; a pay-per-lead programs pays you each time you forward a lead to the Affiliate Company; a pay-per-click program pays each time an advertisement is clicked and pay-per-display of 1000 of a merchants banners(cpm).
Businesses have affiliate agreements to pay a certain amount of money for marketing or advertising their product on your website. This is a great option you should consider if you have a site that recommends a lot of products for your readers or through your ads. For example here is a great Affiliate Program that offers high demand products, good commission structure, personal coaching and residual income.
5 Reason why you should be in Affiliate Marketing
Amazing potential for big returns. Over time, you can and will establish the trust of your audience. By gaining their trust the more likely they will be willing to click on your links and purchase your affiliate products. Also, the more trust you have, the more people will start to find you and share your content, which inherently means that you will have more people click on your links.
Passive income. Typically Program 2 will provide a passive income. This might take some time in the beginning to setup. Make sure you have the links right, but after that, it becomes passive income. As an example, someone signs-up in a Membership Affiliate Company per your recommendation. You receive a commission on the sign-up but also receive a passive monthly income.
Several big companies offer affiliate agreements. This can be great news for you… because no matter what you find yourself trying to market or sell or simply tell others about… there is probably an affiliate program for that.
Supplement your current income. Unless you really hate your job – I think this would be a great way to keep your day job and use this affiliate marketing as a way to make even more money! The advantage here is you can decide if your making enough money to quit your job or not. Either why you can have an income source.
Make money selling the products that made a difference for you. When you recommend a product, it’s not going to be because you want to have one more link on your site, but because you know from experience that the product you’re recommending is going make a difference for the person who buys it.
A good affiliate marketing tip is locating an Affiliate Company that is always producing high quality coaching and training. A company that regularly introduces various products who is reliable and well-established. New products from a reliable company will increases your chances of getting repeat customers and steady commissions. Stay away from products that are the current rage, fad, or fashion. These products tend to have a short-lived period of successful profit.
There are hundreds or thousands of companies that offer affiliate program. Determine what you like or a product you want to offer and there is a company you can work with. If your interest is in the Program 2 type of affiliate marketing, the list is smaller but more defined.
You should only work with affiliate companies that offer good commissions and good products. In Program 1, the commission will normally be 5-10%. You may find a company that offer more. With Program 2, the commission is much higher. Avoid doing business with companies that do not offer at least twenty percent commission for each product sold. Many of these companies offer even higher commission such as 50 to 100%.
If you can find an Affiliate Company that offers good products, residual income and 100% commission, take a close look. This is the type of company you want to join? Don’t make your decision based solely upon commission percentage. Look into the company. Not all affiliate marketing companies are the same. In fact there are some sleazy and high pressure companies you don’t want to get involved with.
Future articles will help identify these companies for you.
Making money online is not hard when you have a quality product and a company offering to help and a product line in high demand.
Using the tips in this article is a great way to locate a good Membership Affiliate Company and generate the most money possible while building a home based business for the future.
Above all enjoy, have fun but remember the fundamentals and focus on simplicity.
Here are some other articles you will enjoy reading on Affiliate Marketing and Making Money with Affiliate Marketing.
To your success
PS: If you are serious about making money online you need to pick a business that offers you the best chance of making a significant income FAST. A business with a PROVEN plan you can follow to create wealth quickly. I highly recommend Wealthy Affiliate. Click on the “Banner” to get the information you are looking for.