What is affiliate marketing ?
Affiliate marketing programs are online arrangements between merchants (the advertisers) and affiliates (the publishers). It is an agreement between the two parties that both will receive payment for publishing the advertisements of the other. In this case the merchant will pay the affiliate to place the advertisements on his own website.
What is an affiliate?
An affiliate is a person who is not employed by a company. Instead, he is a freelance agent who will behave like a sales rep for a company if the company gives him the instructions to do so.
There are three main types of payment schemes in affiliate marketing: Pay per sale, Pay per click, and Pay per lead.
Pay per sale is a very profitable arrangement. The affiliate will receive payment whenever a customer clicks on the advertisement and buys a product from the merchant. There are two main methods of payment in this case: one is a fixed fee and the second is a variable fee. If the fixed fee is high, the commission rate will be high too. And vice versa.
Pay per click is a lucrative agreement. In this case, the affiliate receives payment whenever a visitor clicks on the advertisement and is directed to the merchant’s website. The variable fee may or may not be higher than the fixed fee. This is because the company will reduce the variable fee if the company wins a certain competition.
An affiliate marketer will get paid depending on whether he places an advertisement on his website or not. The affiliate will not be able to earn any money if he does not place any advertisement on his website.
An affiliate is paid for each visitor who clicks on the advertisement, buys a product, or signs up for a free service.
An affiliate will be paid a predetermined amount per sale if the payment scheme is based on a fixed fee. For a variable fee scheme, the affiliate will be paid a predetermined amount per sale if he generates a certain amount of clicks, sales, or clicks plus sign ups.
The affiliate is paid by the company he is working for each visitor who clicks on the advertisement, purchases a product, or signs up for a free service. The amount paid will vary depending on the scheme.
The affiliate is paid a predetermined amount per visitor if the payment scheme is based on a variable fee. For this scheme, the affiliate will be paid a variable amount per commission if the visitor performs certain actions.
The affiliate is paid a predetermined amount per visitor if the payment scheme is based on a fixed fee. For this scheme, the affiliate will be paid a fixed amount per visitor if the visitor performs certain actions.
To start with Affiliate Marketing, Lets take ClickBank for an instance
Your affiliate earnings from ClickBank may be less than what you earn from other affiliate schemes if you sign up for multiple programs. In this case, make sure that the other programs are really worthwhile.
You should spend time researching the market before joining the ClickBank program. Do not just go for the programs that say they pay a high amount. You will easily be disappointed with the pay.
ClickBank is a good place for you to earn money. When you choose the products you would like to promote, take time to research the demand and the competition in the market. There are many products on ClickBank, and it is important that you picks from the variety that are popular and the ones that have the most demand. This will keep you satisfied and give you variety in your income.
You may find that there are several affiliate products that you can promote on ClickBank, but in most cases, you have to compete with several high quality products to get sales. As competition is good, make sure that your affiliate products are good too. If your product is good, it will not be a difficult thing for you to sell, and the customers will be satisfied in your product. As a matter of fact, some of the customers may buy many products that are from your affiliate program. As long as they are really good products, customers will be loyal.