INTRODUCTION TO AFFILIATE MARKETING

AFFILIATE MARKETING GETTING STARTED If you are wondering how to earn some cash from your own blog. Then here we are going to share with you some of the most effective and easiest ways to start making money from your blog:- In this chapter we will introduce 1. affiliate marketing 2. quick fact about affiliate marketing 3. getting started Introduction to affiliate marketing Affiliate marketing according to wikipedia is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. In other words affiliate marketing as a term is used to distinguish a type of advertising which sees payment by the purchaser only upon clear measurable result With affiliate marketing you only pay for the advertising when it gets converted (pay-per-click, pay-per-lead, pay-per-sale etc). This means you will earn less for each sale yet the increase in sales generally makes up for this. The most common way to operate an Affiliate marketing program is by providing each affiliate a link with an embedded code that is a unique code to them. This code is then tracked and measures conversions in their various forums. AFFILIATE MARKETING QUICK FACT The earliest days of affiliate marketing stem back to the 1990s, around the time that amazons launched its associates program which still exists. Affiliate marketing has grown quickly since its inception. One report points out that the worldwide affiliate marketing industry is worth $6.5 billion across sectors including retail personal finance, gaming, gambling, travel etc Affiliate programs are both consumer based and business to business oriented, and just as pointed out before most affiliate programs follow a revenue sharing or pay per sale model. Small proportion follow costs per action are much rare. Typically commissions are fixed up front as part of a standard program. Participants in the affiliate marketing ecosystem are typically known as “publisher” or “advertiser” or “merchants” an advertiser merchant is the provider of the offer. A publisher promotes the offer. A publisher can also be an advertiser _ they are not mutually exclusive roles. AFFILIATE MARKETING GETTING STARTED Here are the steps that you need to take to launch your own affiliate program. 1. look at your current audience:- The key to getting your affiliate program off the ground is to find the right affiliate for your company start by looking at your readers, emails, subscribers and social media followers, some of these folks are customers. 2. define how you will market your affiliate program:- if you want a successful affiliate program, you will need to market it outside of your existing user base affiliates wont just randomly find your 3. focus on acquiring traffic:- Traffic acquisition is critical to the success of your affiliate program. It help your affiliate drive more traffic and most importantly diversify your traffic so that you’re not relying on a single affiliate for your business. Use paid traffic sources and build relationships with blogger if possible. 4. announce the program:- Take the time to make sure that your community knows about your affiliate program. Publicize your affiliate program on directories like Offervault.com Pointclicktrack.com Etc. 5. measure results:- If you want to grow something you need to measure it use your analytics tools to figure out what is and isn’t working right. NOTE:-It’s easy for anyone to be an affiliate even if you don’t have a website or blog you can rely on your social media channels entirely