Over
the past years, the numbers of internet users have increased
tremendously all over the world. Business owners have recognized the
need to move their offline products to the online world. These changes
have enabled the ‘smart people’ living amongst us to become self
employed. The truth is, not many unemployed folks see the vast business
opportunities the internet has provided. A new breed of Entrepreneurs
have emerged; while other unemployed graduates are sulking about the
unavailability of jobs, these group of
people are silently milking
money by rendering services and utilizing their creative minds to pump
money into their accounts. There are several businesses available on
the internet but today I will be discussing affiliate marketing and how
you can work for yourself using this system.
What is affiliate marketing?
In
layman terms, affiliate marketing refers to a ‘middle man businesses.’
In affiliate marketing, the affiliate suggests a product to an end user
and gets paid a certain commission based on agreement with the product
owner. For example, in the real estate world, agents are paid 5-10%
commission for bringing a client to purchase a property; the same
applies on the internet world. Affiliate marketing has become essential
for business owners on the internet to make more sales. The affiliate
marketing business is a win-win situation for both the merchant and the
affiliate. The affiliate gets paid referral commission between 10-90%
as the case maybe. There are thousands of internet marketing affiliate
program worldwide; as with every other internet business, there are
also affiliate marketing scams you should look out for. In order to
avoid these pitfalls, it’s advisable to do your due diligence before
promoting any affiliate program. There thousands of free affiliate
programs on the internet today to choose from. However, internet
affiliate program require you to pay a setup fee to have access to the
necessary promotional tools required for you to promote the program. Affiliate marketing is somewhat similar to network marketing; the only difference is that most network marketing companies require you to make a purchase of their products in order to qualify as a business owner. For some others, you would need to maintain your distributor status by making a monthly purchase. In affiliate marketing, there is no need for this; you just promote the products and get paid.
How does affiliate marketing work?
The
online affiliate marketing system is a complex system designed to keep
track of the activities of all the affiliates of the program. The
merchant can deduce how many sales each affiliate makes in a day and
automatically pays out commissions. The automatic track and pay process
is designed with the aid of cookies. Normally, when you sign up with a
website as an affiliate, a sub-link is created for you; it is through
this sub-link you can sign up people to purchase products and you get
your commission. For example, if I have a website that sells health products at www.siselpro.com; if you sign up as an affiliate to sell my product, a sub-link is generated which reads something like http://bizmogul.mysiselpro.com/ . You can start promoting the links by writing articles and posting on
article directories, posting on your facebook page, running facebook
adverts, you can also build your own website and have the affiliate
links embedded into it. Whenever anybody purchases a product through
that link, the system automatically debits the customers account,
credits the merchant account and credits the affiliate account with the
appropriate commissions. Imagine if you are paid a $10 commission for a
product and you make 10 sales in a day! That’s a cool $100 for a day’s
work! What if you do this consistently for 30 days! Do the mathematics.
Affiliate marketing is a good way for newbies to make money on the internet. You can easily setup a blog using www.blogger.com,
write some articles and reviews about the product you want to promote
and include links to the products. You get paid a commission whenever a
visitor makes a purchase of the product through the link provided.
There are several affiliates programs, some of the popular ones include:
4. www.affiliateseeking.com ( provides link for several affiliate programs)
Earning
money as an affiliate takes a little patience and mastery. You need
lots of visitors to visit the links or your website in order to make
sales. Facebook is one of the best ways to generate targeted traffic to
your website. Have you ever wondered why ads are displayed to you on
Facebook? These ads are shown based on your interest, you can set aside
a budget for Facebook ads; the good thing is if done well it converts
like crazy.
I wish you the very best in your Entrepreneurship sojourn.
To your success.
Ikenna Victor Agina
agina.ikenna@gmail.com
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