What exactly is Affiliate Marketing?
Affiliate marketing is a system whereby you can earn money from the products and services other people have already created or provide.
You have probably seen ads, while surfing on the Internet, for an item from Amazon. That is an ad that has been placed there by an Affiliate Marketer. Amazon does not go out and place all of these ads on their own. They depend on others to do this because those others are making money from the sale, should a sale occur. And they do occur every day.
The Popularity of an Affiliate Marketing Business
Amazon, Sears, Walmart are just some of the names you recognize of companies that recruit marketers to promote for them. They need to have a lot of sales to keep themselves going and they do not have the ability, or budget, to get onto every website in the world, so they offer this system of commission sales.
The above-listed companies offer individual affiliate programs, managed by a crew internally. The sales will be of solid objects that must be pulled from the warehouse shelves and shipped to the customer. An affiliate marketer does not have the need to stock, store, or ship these items as the large company does all of this.
How It Works
The marketer creates a website, complete with enough information to pre-sell the item or items and provides a live link to the company’s order page. The company knows that, because the customer comes through that link, the commission belongs to that affiliate. Each company has different criteria for when the commission is paid to the marketer, most being every two weeks or one month.
Many top affiliate marketing networks, such as Clickbank or Paydotcom offer a clearinghouse of digital products that can be downloaded to the customer’s hard drive. This is in the form of ebooks or software that can help the client in losing weight, saving money, starting a business or other helpful areas. Again, these products do not have to be stocked by the marketer and are handled completely through the author’s website’ order form and their customer service.
There are many people who benefit from this type of marketing system. The first, of course, is the company offering this program. They get a lot of free advertising and they move a lot of products, for which they make a smaller amount than they would otherwise, but make up for it on volume.
The Affiliate Marketer
The Affiliate Marketer benefits because they get their name out there and can be considered an authority for this particular product or service. They also, obviously, make the commission set up for each product.
The client or customer benefits because they are getting products, online, often without shipping charges and downloadable in some cases. This makes buying something that can help them in the middle of the night. It also helps them find these products from all over the world because of the reach of the Internet.
Studies have shown that there have been more millionaires created, in the Affiliate Marketing industry, all over the world, than is any other industry for the past 20 years.
An affiliate marketing business, set up by you, can generate enough money to pay some bills you have each month and/or can help you create the same type of wealth as some of the gurus in the field. This is one of the best reasons many marketers go into this industry.
If you want to enter the industry and be an affiliate marketer, I highly recommend joining The Wealthy Affiliate. This is where I started and still an active part of. They teach you the basics, from building your own website and finding your own interest, to more advanced topics like how to monetize your website and how to be sustainable in this very competitive industry. They also offer website hosting and web domains. It is an all-in-one company.
So do you want to be an Affiliate Marketer? Share your thoughts below, I’ll be very glad to share with you tips on how to be one.