Affiliate Marketing | Making Money Online | SEO Tips
Affiliate Marketing, also referred to as associate program, is one of the best ways to make money online via promoting the products or services of another company, for which you will be paid a commission for every sale you generate. In other words, affiliate marketing is a kind of revenue sharing plan in which online merchants make payment to website owners engaged in the promotion and selling of their products and services. The website owner who promotes the products of third party companies are known by different names such as affiliates, associates, or partners and the merchant who makes payment to affiliates to improve traffic by driving more customers to their website in order to generate more leads are known as advertisers or merchants. To put it simple, affiliate marketing is an online automated marketing venture, in which web masters place an online merchant’s advertisements, buttons, or banners, on their own web pages, in return for a commission or a referral fee.
Even though the concept of affiliate marketing may sound more or less like a conventional retail model, it simplifies the processes involved in the sale of a product. However, an affiliate marketing program includes a sequence of steps that has to be carried out in a structured way. The processes in connection with affiliate marketing actually begin when an affiliate places the advertisers’ ads or text links in his website. The most important action occurs when a conversion takes place via clicking this link by a customer, thereby leading to actions like making a purchase or downloading a particular information or newsletter from the advertiser’s website. Eventually, the result is that the merchants’ products or services are sold, and affiliate is paid a commission or a certain percentage of profit.
This web-based marketing program is beneficial to both advertisers (merchants) and affiliates (associates). From the side of advertisers, one of the greatest benefits of affiliate marketing is that the advertiser needs to pay to the affiliate only when a sale occurs. This in turn is highly beneficial when compared to banner advertising programs, in which the merchant has to make payment whether or not a sale happens. Mostly, the affiliate is paid 10% to 40% for every sale generated, which in contrast to other advertising methods is exceptionally low. In fact, with minimal expenditure, a merchant could easily boost his online business. In addition, majority of the affiliate marketing programs are free to join, which in turn is beneficial for the merchants, as they could easily be a part of the program without any financial threat.
Similarly, the benefits are endless when affiliate marketing programs are taken from the point of view of affiliates or associates. For instance, in order to be a part of affiliate marketing program, an affiliate need not have to create e-commerce functionalities, ship products, or obtain credit cards. Further, it provides opportunity for the affiliates to make money round the clock. In deed, this is an excellent source of making money online, and sometimes could fetch you millions of dollars per year. Likewise, affiliate marketing programs are highly beneficial for those engaged in such marketing-related activities as creating new websites, organizing and conducting marketing research, email marketing, creating articles for websites as well as newsletters, search engine optimization works, social networking and web 2.0 strategies, and pay per click marketing.
Depending upon the payment and nature of affiliate marketing programs, there are different types of affiliate marketing programs, primarily falling under three main categories such as pay per click, pay per sale, and pay per lead. In addition, based on the commission, affiliate programs are classified into commission-based affiliate programs and flat-fee based affiliate programs. Different types of affiliate marketing programs also cover single-tier, two-tier, and multi-tier affiliate programs. Above all, there are affiliate program that may be a combination of one or more affiliate programs.
What are some of the top paying systems?
Perhaps the most popular among the top paying affiliate marketing systems are Clickbank, Linkshare, and Commission Junction. With more than 12000 digital product merchants and about 100,000 affiliate marketers, Clickbank is one of the most secure retail outlets on the web. Founded in 1998, Clickbank enables buying and selling as well as promotion of goods and services on both B2B and B2C basis. No matter you are an advertiser or an associate, you can easily make money via joining Clickbank programs. All you have to do in order to be a part of Clickbank is to just to fill in the fields seen in the website. Once you become a member of Clickbank’s affiliate program, you could easily earn up to 75% commission for every product you promote and sell. Apart from these, it provides opportunities to earn some additional income in the form of weekly payments and detailed sales reporting.
Founded in 1996 and with its head office based in New York, Linkshare is another top paying affiliate marketing system, making available a spectrum of online marketing services like lead generation and search engine marketing (SEM), in addition to affiliate marketing programs. As in the case of Clickbank, both merchants and affiliates could become members of Linkshare, however with the exception that you could sign up with this website for free. It comes with two networks: Affiliate Marketing Network and Lead Marketing Network. What that really set apart this affiliate interact website is its features such as excellent customer support, high quality tracking systems, and training.
When comes to Commission Junction, it is a ValueClick Company, based in Santa Barbara, California, and with offices across the globe. Through Commission Junction, you could earn both as an advertiser and an associate. However, in order to join this website as an advertiser, it is important that you meet some criteria such as take part in online sales for at least one year, apart from generating a minimum of about $50,000 per month. Even though you can sign up with Commission Junction for free, it is important to generate affiliate activities for a minimum of six months in order to remain as an active member.
What are the best paying programs?
As mentioned earlier, affiliate marketing programs are one of the best ways to earn some money, especially for those have their own websites. However, it is important to do some leg work for the right selection of the best paying affiliate programs. First of all, it is important to ensure that the affiliate network you have chosen is genuine and make payments on time. It would be good if you could make an extensive search on top search engines such as Google. The next important factor that must be considered for the appropriate choice of best paying affiliate programs is to check its commission rates because some companies pay very low commissions, which means you have to work hard to generate more income. Above all, it must be ensured whether the program you have chosen is inclusive of such facilities as reliable tracking options, advanced reporting systems, and monitoring risk factors.
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