What is Affiliate Marketing?
The Internet has been a warehouse of everything you thought impossible just a few years ago. Options for online income have been growing. Affiliate Marketing is one such money making avenue that the Internet has on offer. What is Affiliate Marketing and how does it work? That would be something we would be covering this article.
What is Affiliate Marketing by Gaurab Borah video
Those internet marketers have been quite aware of what an Affiliate Marketing means. It has been considered to be one of the most lucrative means of earning money online.
The principle of Affiliate Marketing is quite simple. It can be considered as a form of indirect marketing. In fact, it has been considered to be one of the oldest forms of marketing where you refer a product of the company to a prospective buyer and when he buys the product, you get the commission.
Affiliate Marketing is one form of Performance based marketing. You are given a unique link so that the company can track your performance and whether it was indeed you who has got the lead to make the purchase. The lead is the term used to mean the prospective buyer who has been contacted or referred. Once he completes the transaction, the person would be a customer.
How Does Affiliate Marketing Work?
The Affiliate Marketing made its appearance for the first time in the year 1994. However, one of the most popular programs that have been running since long is Amazon Associates Programme. It would be interesting to note that it was started way back in 1996 and still been considered to be one of the most valuable propositions in the genre.
Affiliate Marketing is the strategy used by most of the online businesses. It works following a simple model of functionality. You just need to sign up for the service. If your application is approved, you will get a unique tracking link. If you have a good blog or website that has a good number of visits, your application has better chances of being approved.
Now, whenever you write about their products, you can insert the link in your article. That is exactly how you would promote the product.Â If any of your readers click on the link and makes a purchase through it, you will be paid a commission.
There are several terms associated with the concept. Most of the services have a 30 day or 60 days cookie period. That would mean if a visitor through your affiliate link lands on the page and makes a purchase in the next 30 days or 60 days, you will be paid the corresponding commission.
A Few Myths and Truths about Affiliate Marketing
There are a few myths associated with the concept of Affiliate Marketing. It may be necessary to pay attention to them.
One of the myths associated with the concept is that people treat it as being fake or illegal. We would wish to let you know that it isnâ€™t illegal in any way. You are using the unique link instead of the direct link to the site. The success of an Affiliate Marketer would be dependent upon the leads he is able to bring up.
Another myth states that using Affiliate Marketing affects your AdSense revenue. As far as policy guidelines are concerned, you can use both Affiliate Marketing and Google AdSense together. Affiliate Marketing does not violate any of the AdSense guidelines. Actually speaking, the earnings from Affiliate Marketing would be considerably greater than those from AdSense.
You do not need to have a blog for signing up for an affiliate marketing program as some sites have been indicating. There is no need to have a blog. You can use several other means to promote the product. However, having a blog would definitely go a long way in helping you out in getting better leads and in turn better income.
How much can you Earn through Affiliate marketing?
Well, just like blogging, content development and other allied online jobs â€“ Affiliate marketing has no limit â€“ either lower or upper â€“ for the income that you would be able to make with it. It all will depend upon the product that you have been promoting and how aggressive you are.
It all will depend upon your competence and how many conversions are you able to make. Anything between Zero to $ 300 per day can be a good beginning. It remains to be a volatile business and as such we may not be able to predict a specific income. During your initial days, you may need to work on different earning options and not put all your eggs in one basket.
Well, that should wind up what we have a discussion on Affiliate Marketing. We would like to bring to the attention of our readers that the guide has been compiled keeping the beginners in view. It can safely be concluded that Affiliate Marketing is undoubtedly the oldest, yet one of the most successful marketing strategies.
Are you into affiliate marketing and would want to share your real life experiences with us? We would look forward to the comments and views on the pros and cons of affiliate marketing so that it would enlighten us further.
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