Affiliate Marketing Basics
Affiliate marking is one of the popular ways to make money online but ‘ what is affiliate marketing?’. Many people see and hear about it but not a lot of people know what it is and how it actually works.
Affiliate marketing becomes one of the common ways to make money online. It has grown in popularity because it is virtually free to set up anyone can start doing it no matter how old you are and what walk of life you come from.
Definition about Affiliate Marketing
A simple definition would be the following:
Affiliate Marketing is basically selling someone else’s products or services and then in return, you receiving a commission for doing so.
The concept of ‘Affiliate Marketing’, is that you get paid when you sell or promote someone else product.
It is a very attractive proposition for many people, especially if you have a website but do not have any products or services of your own to sell.
What Is Affiliate Marketing Used For
Affiliate Marketing is used by companies to reach a wider audience, increase sales and their customer base. It is a fantastic way for companies to get a large number of people (affiliates) to advertise, promote and sell their products and services in return for a small commission.
For Example: Imagine if you had your own business selling a certain product or service. It is very hard and very expensive for you as a business owner to market any product or service on your own but if you had 100 other people selling your products and services too, you could quickly reach a much larger target area, build a large customer base and increase your sales. It also means that your business would only pay money out for marketing when you sell a product (a sale that you would not have made without an affiliate recommending you) and that means a very viable marketing strategy for your business. If those 100 people (your affiliates) promoted and helped sell your product and then in return received a commission every time they sold one of your products, they would have an incentive to continue promoting your product.
It really is a win win situation for both the company and for the Affiliate Marketer.
Does Affiliate Marketing Work
Yes is the simple answer to the above question. However, despite what you may read in those adverts about ‘Affiliate Marketing’ telling you how you can easily make thousands of pounds everyday for doing very little work, it is exactly true!
It is possible to make huge amounts of money from ‘Affiliate Marketing’ and there are people doing so each and everyday but the fact is, they did not start make huge amounts of money overnight! The truth is, it took them time and effort to set up their own ‘Affiliate Marketing’ empires and now they are reaping the rewards for their efforts. sadly though, a large number of these people fail to mention this when they are trying to sell you their secrets for large amounts of money!!!
Remember from the beginning, ‘Affiliate Marketing’ is a business, it is a great way of making money online but just like any other business, it needs to grow and you will need to put the time and effort in to help grow your business and as a result reap the rewards!
The really good thing about ’Affiliate Marketing’, is the fact that you can begin to build your own ‘Affiliate Marketing’ business here today. It will be virtually FREE and the only thing it will really cost you, is your time.
Why Start Affiliate Marketing
Affiliate marketing is the perfect way for you as an individual to earn money and here are a few reasons why.
- You do not need large amounts of money to start your Affiliate Marketing business
- You do not need to buy or hold stock
- You do not need to buy or rent premises
- You do not need to deal with customers or sales
- You do not need to deal with despatching goods and you don’t need to deal with refunds
- You can run your affiliate marketing business from anywhere in the world and once you have it up and running, your affiliate marketing business can be earning you money 24 hours per day, 365 days a year.