What is affiliate marketing? Affiliate marketing simply involves making a commission from selling a product or service created by another merchant or advertiser on their website. In other words it is a revenue model in which an affiliate is paid a fee for offering a specific link to the merchant or advertiser on your website. You may have heard of affiliates with “one-time” commissions and others with residual commissions that make money month after month on continued sales.
There are two ways to build an online income using affiliate marketing. The first way is to build a direct revenue stream with customers purchasing something through your link. The second way is to build a revenue stream with customers buying something through your links but getting their purchases delivered to another company. There are a lot of ways to achieve both of these goals.
Affiliate marketing is often described as an MLM or Multi-Level Marketing company. You will need a website to do this and you should have one before you get started. If you are not familiar with online marketing, you should hire an experienced professional. Most merchants offer free training and guidance to help new affiliates get off the ground successfully.
One way to promote products or services is to promote them as a member of a network such as ClickBank or Commission Junction. These networks provide a platform for merchants and affiliate marketers to enter into a revenue sharing agreement. Your commission is based on the sale price of whatever the merchant sells. This means that you can recommend a particular product to a customer and get paid a commission if they purchase it. Commission Junction and ClickBank are two very popular networks.
In addition to promoting products or services, you can also earn money by promoting other people’s products or services as an affiliate. To me this seems like the perfect online business because you are getting paid commission for someone else’s efforts.
To find successful affiliate marketing offers that pay well and have a high performance pay plan, look for marketplaces that do not require any special sign-up requirements or commission splits. In addition to Clickbank or Commission Junction mentioned above, you can also check out JvZoo and Warrior Plus. These are the markets where you can find marketable products that are in high demand. Once you have found a few marketable products, you need to become an expert on the product. Make sure that you have great content on your website so that the readers will be encouraged to visit your site and purchase the product. Once you have converted your visitor into a buyer, you can place the order and be paid by check or money order.
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