Affiliate marketing is all about getting paid for selling products and/or services you do not own and not going to jail for it. Someone else goes through all of the trouble to develop software programs, service, or digital content products. They will do all the work, and you collect the money!
Affiliate marketing is a revenue sharing arrangement between the product or service developer, known as the affiliate merchant, and the affiliate marketer, who is anyone that is willing to promote the sale of that product or service through advertising using any type of legal means available.
This relationship will allow the affiliate merchant to grow their revenue by paying only for the affiliate promotions that result in a sale. The affiliate marketer will profit by making a percentage on the sale with the premise that they do not have to manage anything to do with the product or service after the sale.
Getting paid all depends upon how the affiliate program is set up. Some merchants will run their own affiliate program. They will have special types of software that assigns each affiliate marketer a special link that is used in promoting the product. The software will track sales of every marketer and the merchant will pay the commission on a periodic basis using either PayPal or another method of payment.
Selecting products or services
Your income is tied directly to how well the selected product or service sells, and the size of the commission you earn. This makes it very important for you to choose carefully when it comes to deciding which affiliate merchant you will be partnering with.
Research the product or service before you decide to register as an affiliate. You will do much better if you promote products that you fully understand and are already familiar with. This way, you will be able to write better ads without having to strain yourself coming up with the right things to say. You should really consider promoting only products and services for companies who have gone through the trouble to provide you with training programs and sales aids such as banners and other marketing materials. You can use these tools directly or use them as a template to model your own aids after.
Learn about the merchant and what they have done in the past. If this is a new merchant, make some inquiries as to whom they have been associated with. Now I am not saying ask for references, but new merchants normally do not show up out of the blue. Most have been mentored by someone, so who was it.
Here are a couple of things to consider when choosing a product or service. Look for ones that you are not embarrassed to promote. Find a program that you would feel comfortable with recommending to your family and friends, but only if they were to ask you about it.
Be on the watch for programs with commission rates of no less than 50%. You should also give preference to programs that pay commission on multiple levels. This means you may be able to earn commissions on sales made by people who buy the products through your link, and then go on to become affiliates themselves at a later time.
More to follow.