Nov
29
Affiliate Marketing – What It Is & How You Make Money Doing It
November 29, 2008 | 19 Comments
Everywhere you look these days there is some program promising to make you the next internet millionaire. Well let me tell you what, I am not so easily buying it and I am VERY selective of the opportunities that I promote to my online friends and followers.
Now that doesn’t mean that there’s just no way to make money online, because there are plenty of ways to do so. There are several good ways, but right now I want to discuss only one way: Affiliate Marketing.
How to make money online is quite a good dilemma, but Affiliate Marketing can be quite a good solution for this dilemma.
The first thing that you will need to know is WHAT affiliate marketing really is, and HOW you may be able to make money from home with it.
So, What is Affiliate Marketing?!
Well, Affiliate Marketing is nothing more than one person agreeing to “sell” a product for another person in exchange for a commission, or a portion of the receivables from that sale. Certainly It sounds simple enough, but as they say, the devil is always in the details…
You can set up your Affiliate Programs in several different ways.
One of the most popular ways for internet marketers to make commissions with Affiliate Marketing is using a pay per click or pay per lead method. This means that when a potential customer clicks on your personalized link and heads over to the merchants’ website, you will get a small commission for that referral.
What’s nice about this type of program is that you are compensated whether a sale takes place or not. The downside is that your compensation is usually very very small, somewhere around the neighborhood of pennies per click on most occasions.
However, if the customer then fills out contact information while on the merchants’ site, then this would now be considered a lead and the compensation to you would be a bit higher because the possibility of a sale is greater than with just a simple click through.
The type of situation where you start making real money is when you are given a percentage of that sale. This is relatively straightforward. The customer either buys the product on your site, or clicks your personalized link and purchases from the actual merchant. In my opinion, this is the best compensation plan of any affiliate set-up offered.
Most agreements may even contain some, if not all of the above-mentioned compensation plans. Some agreements may only be purchase based, but that is acceptable since the money to be made is much greater with this type of agreement. It is entirely up to you to decide which plan will work best for you.
Working from Home
Now that you have a basic concept of what Affiliate Marketing is all about, you will want to explore some of the available online merchants that offer Affiliate Programs. The rest is just signing up with the one(s) you are most comfortable working with.
You will find plenty of merchants at sites such as Clickbank, Commission Junction, EBay and Amazon. All of these popular sites offer an Affiliate Program. Simply choose the one(s) you would like to promote and get ready to market the link.
I like working with Clickbank because they offer some of the highest commission payouts on digital products available online; some as high 75% of the sale price. Also, Clickbank will pay you weekly via direct deposit.
The one thing you must know is that you will need a website or a blog to accomplish these sales. That is, you will need to have pages online somewhere where you can generate interest, describe the products and the benefits of using it, and from there direct this interested traffic to your affiliates’ sales page for the final sale.
This is simply a brief overview of one way to make money online from home through the use of Affiliate Programs. There is much, much more to learn and ways that you can make money with these types of programs, for more information on Affiliate Marketing click this link.
Related Topics…
Rock & A Hard Place Catch-22.. The Internet & Network Marketing
Internet Marketing Disasters: The Rambo Approach
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