Affiliate Marketing AKA PERFORMANCE MARKETING is the single fastest growth industry on the Internet. It’s also true that affiliate marketing is one of the most creative ways to make money and have a career on the Internet.
Affiliate Marketing is also known as revenue sharing, it is a good way to make money online. Many successful Internet entrepreneurs use Affiliate marketing to gain financial prosperity. Affiliate marketing involves an online merchant (someone with a product or service to sell) and you as the Affiliate or web publisher.
Any company on the Internet with a product to sell can offer an affiliate program. Most if not all big-name companies online offer an affiliate program.
- It is Free to Join
- It is a partnership between you and a business owner with a product to sell.
- An affiliate pays you a commission for sending traffic: potential customers to their website.
- When a visitor clicks on an ad you posted and visits the affiliate merchants site, and makes a purchase you make a commission.
How much you would earn depends on the affiliate’s contract agreement. In some cases even if the visitor from your site did not make a purchase the same day of the visit, you could still earn a commission if they went back 30 days later and made a purchase.
As a member of an affiliate program, you will have access to their:
- Banner ads
- Product ads
- Coupon Codes and Deals Banners
- And in some cases based on approval, their data feed files
Different Ways To Enter Into Affiliate Marketing:
There are different ways to make money in affiliate marketing but the purpose is the same, to make money for the affiliate and earn you a commission.
1. Content Publishers
Content publishers publish web content such as news, gossip, entertainment, sports, lifestyle articles, etc. Bloggers are content publishers they write articles about any subjects they have knowledge of. Facebook and forums are user-generated content publishers meaning their content is normally created by their users. They make money by posting affiliate banners and coupon deals. Besides affiliate marketing, content publishers can make money with the following popular money-making programs.
a. – Pay Per Click Programs with Pay Per Click programs you make money when someone clicks on an ad or link you post. As a member of Google Adsense, Google will give you a code to post on your blog or website which will produce links to articles and/or ads based on your website or blog themes topic. When someone clicks on an ad or the link you post you make money.
b.-Pay Per Impression You would post Cost per Impression (CPM) ads on your site and when a visitor to your site sees an advertisers ad posted on your site you make money. No purchase is necessary. You would need a lot of visitors to make any substantial money with this type of program.
c. Sponsored ads and ad space
When your blog or website becomes popular generating substantial visitors to your site, you can sell ad space and possibly get paid sponsors for your site.
2. Coupon Affiliates
It is a known fact that the average person loves a bargain! It is no wonder Coupon or Deal sites are some of the most popular types of affiliate sites on the Internet.
Coupon Affiliates offer coupons or discount codes to their users and earn commissions on any sales that result from someone clicking through one of their coupon links to a merchants site and makes a purchase.
3. Data Feeds Affiliates
Data Feed affiliates use data feed files to upload and display their affiliate’s products on a website or blog. Comparison shopping sites are an example of sites using data feeds. If you visit a comparison shopping site in search of computers you will see various companies offering computers such as Walmart and amazon.com and many more listed in the results, these products would be linked through affiliate links.
4. Email Affiliate
Some email affiliates put out newsletters or collect an email list and send out regular emails full of their affiliate links and banners. Working with email affiliates can be risky, especially if they’re not CAN-SPAM compliant. The CAN–SPAM Act establishes requirements for commercial messages, gives recipients the right to have you stop emailing them, and spells out tough penalties for violations. … That means all email – for example, a message to former customers announcing a new product line – must comply with the law. To learn more about email marketing check out our post on email marketing.
5. Loyalty and Incentives Affiliates.
These affiliates would offer an incentive, say, cash back or points or virtual currency. Basically, they will share a part of their payout, a part of the payment received from the affiliate merchant. Cashback offers, donations to charitable organizations and contributions to scholarship funds are by far the most popular forms of incentives used by this type of affiliates.
6. Mobile and Pay Per Call Affiliates
Mobile affiliates focus on mobile marketing or on pay-per-call marketing specifically. Certain sites build in affiliate links to their apps. That goes for coupons or data feed sites that have an app, but it also goes for standalone apps themselves. Popular apps like Pandora actually use affiliate links to send users to Apple’s iTunes Store.
7. Social Media Affiliates
Social media affiliates use social media channels to market the merchant’s products that they promote.
8. Video Affiliates
Video marketing is a type of commission-based marketing. These would be affiliates that focus on video creatives, which are known to yield higher conversion rates. Affiliate video marketing is a type of commission-based marketing which is managed by affiliates. These affiliates create videos in order to endorse products and services for a specific business.
Working through an affiliate network offering videos to their affiliates you can select the Videos you want to promote. Using tracking software the merchant company can tell if someone clicked on the advertised product and made a purchase you would get a commission.