Affiliate marketing online earning source ::
Affiliate marketing what is and how to learn affiliate marketing online earning sources of Amazon
This concept has been around since Amazon first implemented an affiliate program on its site, yet many people still don't know an affiliate program .
An affiliate promotes a product on behalf of a merchant .For instance , if you sign up at amazon.com as an affiliate ,you can then add special links on your web site (or in your e.mails)to direct people to the listing for specific books at Amazon.com via your affiliate link and purchase the featured products ,you can get a commission from Amazon.
Affiliate can be paid based on any combination of CPM , CPC, CPA ,CPS . we have discussed the first three -ad impression ,visits ,and actions .In cost per sale (CPS),the affiliate is paid only when a sale is made .
Being paid based on advertising views (CPM) is rare ,unless the affiliate is an advertising network. Being paid based on clicks is usually reversed for affiliate of PPC Search engines .
For most merchants , affiliates will be paid based on leads generated (CPA) or sales . This is great for the merchants because they are paying only for performance .If the affiliate ate's efforts generate no leads or sales , it costs the merchants nothing .
Of course this is the double-edged sword.If the merchants sales copy can't convert enough of the affiliate visitors , the affiliate will not make any money and will be then start promoting a different merchant product! So it really is a case of "you scratch my back and I'll scratch yours ".
Because of this ,it would be wise for you to make sure you have a proven sales process in place before implementing any kind of affiliate program . Once you know you'll convert X percent of your site visitors , you can give affiliate a reasonable estimate of the revenue they can expect theirs traffic to yield .
A merchant can implement an affiliate program in three different ways , and they all have their advantage and disadvantages .
1. Use one of the affiliate networks .you sign up as a merchant and the affiliate network recruits affiliates who can then choose to promote your product or service.
You pay the affiliate network for the actions or sales generated by theirs affiliates , and the network pays the affiliate responsible for generating them .
Advantages : The network already has thousands of affiliates , so you don't need to spend a lot of time recruiting new ones .The network also takes care of all the affiliate payments and end of the year tax paperwork (e.g 1099 forms in the United States ). The network handles the affiliate inquiries regarding how to set up it's links schedules, and so forth .
Disadvantages : You don't get the same level of communications Access to the affiliates in some cases you don't even who they are .They are not your affiliate ; the belong to the network .If you leave the network ,you can't take the affiliates with you .costs can be prohibitive for small and or start-up businesses .
2. Use hosted affiliate hosted program software .you can pay a monthly or yearly fee for the use of the affiliate program software .this software tracks all visits ,actions and sales generated by the affiliate and automatically credits affiliates for them .
Advantages:any affiliates who come into your program are your affiliates . You have unlimited communications Access to them ,and if you opt to go with a different affiliates with you .
Disadvantages ::you start out with zero affiliates and must recruit them yourself . You are also responsible for affiliate payments and tax filling . You will have a higher level of support requirements for your affiliates ( they will be sending theirs inquiries to you rather than to an affiliate networks .
3. Use your affiliate software installed on your web server . You pay a one time fee for software to be installed on your own web server ( in some cases , there is an additional monthly or yearly support / maintenance fee).
In many cases ,this software also servers as your cart / e commerce systems , and the affiliate functions are an integral part of the order process . usually the software cab be customised to your specific requirements .
Advantages :: you have complete control over every aspects of your affiliate program . Affiliate you recruit are yours and can be imported to another solution should you choose to do so . You are not dependant on a third party sever being "up " for they generate . Over the long term , this is generally the least expensive solution.
Disadvantages ::you must recruit your own affiliates to provide support for them . You are responsible for all affiliate payments and tax filling . The standard features of the affiliate system may not be a cutting edge as those offered by a hosted solutions ( although you can overcome this with custimztion ).
A growing number of people make a full-time income as affiliates -- promoting other people's products and not dealing with any of the headaches normally associated with business ( customer support , manufacturing problems , distribution issues ,etc ) .
Even if it's not your exclusive income source, it can be an easy to implement secondary revenue stream .
No comments:
Post a Comment