Affiliate marketing is an internet-based marketing practice. In this kind of practice, a company gives rewards to the website owner (the affiliate) who brings a visitor or a guest to the company’s website to see and inquire about the business. In other words, it is a pact between the affiliate and the online merchant. An affiliate receives a commission or reward when the company’s site is visited through the affiliate’s site, or when that company makes a sale.
Commissions vary, depending on the action of the visitor once he’s inside the website of the online merchant. For example, in a website for credit cards, when a visitor completes an application form, the affiliate is given a small commission. But the affiliate receives a bigger commission if he himself fills up the application form for the visitor. Commission rates start at 5 dollars, but vary from company to company.
This type of business is based on cost per lead or cost per sale. Affiliates receive commission only after a sale (when the company profits through your website). A lot of people now leave their jobs to enter this business. They setup their own websites and become affiliates. It is a very profitable business that could even surpass your previous monthly salaries if you play the game right.
The major advantages or benefits of these affiliate programs are:
Affiliate programs give rise to online companies like eBay and Amazon
Affiliate marketing makes easier sales. Companies find it less difficult to sell their products and services online.
Business saves on cost in sale sans the salaries needed for actual salespersons. Commissions given to affiliates are cheaper.
Becoming an affiliate is a good opportunity to augment your income even if taken as a part-time job only.
Affiliates can work from home. An office is not needed.
Promoting a website is very easy. Add your advertisements in just a click.
It reduces stress that’s normal in a daytime job.
This is a good option for people nearing their retirement age.
Earn money even if you’re offline. Your website is being visited by millions of visitors a day even while you’re sleeping.
This program is best suited to students, housewives and the elderly. They can earn even from their homes.
