What is affiliate marketing you may ask? Well, it is basically a form of marketing on the internet where an affiliate gets paid for making referrals or sales of someone else’s product. You are the affiliate and the vendor is the person or persons that has created the product. I look at it as a partnership without the legal documents that would have to be drawn up for a partnership. It is a win-win situation for both parties. You make revenue from the referrals and the vendor makes revenue from the sales.
The Vendor can be a Merchant, Retailer, Advertiser, Seller. The Vendor is a person or company that is selling on the internet.
An Affiliate is a Marketer or Publisher who sends traffic to the Vendor’s website and is paid affiliate commissions for making referrals on sales or leads.The commissions vary according to if it is a digital product or physical product. For a digital product you can get paid commissions from 30% to 100%. For a physical product you may get paid a commission from 1% to 30%.
The commission structures are as follows: 1) Pay per sale (PPS) is getting paid for making sales or a revenue share of you overall sales volume for a specific time period. 2) Cost per action (CPA) is for when you are paid for referrals and leads. 3) Costs per 1000 impressions (CPM) is getting paid for traffic which is commonly used in advertising but not in affiliate marketing.
You ask, “Where can I get affiliate program providers?” If you have internet buddies, ask them for their favorites. You could also go on some of the social media sites to get some ideas. Just a few providers are Google, Commission Junction and Amazon Associates to name a few. There are many providers on the internet. Do your research for your provider. When you are doing your research, be sure to check the fine print for their terms and how they pay the commissions. You want to be sure that you are going with a provider that pays revenue on a timely basis. Normally, the payments are monthly.
Once you have decided on your provider for your affiliates. It is time to pick a niche that you are interested in. Write down a list of things that interest you like hobbies, sports, health issues, etc. Then, go to the provider and look up the categories that your interests fall into.
Review the affiliate marketer’s ads in the category of interest. Pick out the ones where you get the most commission. After all you want to get the most money for your time and effort to sell the product. Next, review the website or blog of the affiliates that interests you. Check out the information on their web page to see if they are knowledgeable in their field. Be sure to look up all the information about the vendor so you know that they are an expert in their field. You do not want to put your name behind a product that will not perform. Your research will help you to be successful for you will be comfortable to advertise their site.
Now is the time to write the ad. You will need to pick a site to place your ad on such as Bing, 7 Search or Google to name a few. All sites have specific requirements for the ads. You want your ad to be short and informative. Also, pick good keywords for your ad either through Google or the site you are placing your ad.
A good tip to make your ad campaign successful is to do a test. By test, I mean write two different ads. The one that does the best job is the one you want to keep tweeting to get the best conversions. After all, to make the most money selling the affiliate product is keep trying new things in your ads.
I cannot guarantee what you will make. It is up to you what you put into making revenue online.
I do hope that for the beginner this article will help you begin to profit off affiliate marketing on the internet. Just keep trying and do not give up.