Affiliate marketing is one of the hottest home-based business ventures around. This is a brief introduction to what it is and how people can benefit from it:
The terminology “affiliate marketing” refers to the practice of promoting another person’s products or services and earning a commission in the process. Commissions will normally range from as little as 2% to as much as 50%, depending on the promotional efforts that are utilized.
This innovative concept overlaps other internet marketing techniques in that affiliate marketers can employ a variety of advertising and marketing methods, just like other online business entities use. This includes:
o Display advertising – banners, peel-away pages, pop-ups, splash pages, and so on.
o E-mail marketing – auto responders, list builders, sales letters, sales pages, and the like.
o Organic SEO – natural or unpaid search engine optimization.
o Paid SEM – search engine marketing, that is paid for in order to list a particular business in a search engine.
In short, affiliate marketing is a method wherein one website is used in order to drive traffic to another. It is considered as one of the hottest money-makers on the internet today and has a huge following in the internet marketing segment.
How does Someone Benefit from Affiliate Marketing?
Although affiliate marketing is not for everyone, there are a number of benefits for the right individual who learns how to use affiliate marketing as an internet marketing tool, in order to build their business and profits.
The key benefit here is that it enables the internet marketer to build an efficient and highly scalable business network, and create a powerful network of marketing and sales partners for their affiliate website.
Another key benefit of affiliate marketing is that the internet marketer is able to compile and track measurable and/or predictable data results, regarding each of their affiliates or the program in general.
This benefit also enables the person to do some forecasting where their affiliate marketing program is concerned so that they can gauge all future performance.
Finally, the focus of management shifts to the establishment and maintaining of long-term business relationships in affiliate marketing endeavors.