The ABC of Affiliate Marketing
Every day, more and more people buy products and services over the Internet and affiliate marketing is an easy way to start an online business that gives you access to these online sales transactions.
To understand affiliate marketing in simple terms, you need to start with the ABCs of affiliate marketing.
A is for affiliate
Many companies offer affiliate programs for their products and services. You sign up to become an affiliate of a product or service. You are called an affiliate because you sell their products, but you are not part of their business. As an affiliate, you can sell physical products to ship or digital products that can be downloaded instantly after the purchase. You then promote this product and when you make a sale, you receive a commission.
Take your time to choose products for sale as an affiliate. Do not forget that you only get paid when you make a sale. If you are trying to sell old garbage, you will not make any sales and it will be a waste of time.
B is for business
There are many networks of affiliations and companies to work with as an affiliate. Amazon has become the most successful online retailer in the world using the affiliate marketing model. You can sign up to become an Amazon affiliate and sell everything that is on the Amazon website.
ClickBank is one of the most popular digital retailers that sells virtual information products. These are items that a customer can download immediately after purchase. Many affiliates earn a good living by promoting ClickBank products.
It's for the commissions
Amazon offers a 4% commission rate, which increases when you sell more products. On ClickBank, you can earn commissions of 25%, 50% and even 75%. There are other affiliate marketing programs that offer a wide variety of commissions, products and services. You must review several to see which one is right for you.
When you start affiliate marketing, do not be obsessed with earning commissions from day one. It takes time to build a base of prospects and customers wishing to buy from you.
This is not a long sales pitch. Think of it as "saying" rather than "selling". Your job is to help people find the products or information they are looking for. The key to making money reliably and consistently as an affiliate is to find a product that is in high demand, pays a good commission and is supported by a company that takes care of its customers.