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Editor’s Notes:
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Historic development
Affiliate marketing has grown quickly since its inception.
The e-commerce website, viewed as a marketing toy in the early days of
the web, became an integrated part of the overall business plan and in
some cases grew to a bigger business than the existing offline
business.
According to one report, total sales generated through affiliate
networks in 2006 was
2.16 billion in the UK alone. The estimates were 1.35 billion
in sales in 2005.
MarketingSherpa’s research team estimated that, in 2006,
affiliates worldwide earned $6.5 billion in bounty and commissions from
a variety of sources in retail, personal finance, gaming and gambling,
travel, telecom, education, publishing and forms of lead generation
other than contextual ad networks such as Google AdSense.
Currently the most active sectors for affiliate marketing are the
adult, gambling and retail sectors. The three sectors expected to
experience the greatest growth are the mobile phone, finance and travel
sectors. Hot on the heels of these are the entertainment (particularly
gaming) and internet-related services (particularly broadband) sectors.
Also,
Several of the affiliate solution providers expect to see increased
interest from B2B marketers and advertisers in using affiliate
marketing as part of their mix. Of course, this is constantly subject
to change.
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Marketing Home Base
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Thoughts of Motivation:
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The best portion of a good man’s life is the little, nameless,
unremembered acts of kindness and love.
– William Wordsworth (1770-1850) English poet
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Today’s Marketing Article:
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<span
</span
style=”font-weight: bold; font-style: italic; color: rgb(255, 0, 0);”>Benefits
of Being an Affiliate Marketer
Affiliate marketing has become one of the most effective
ways to advertise online. It is also one of the easiest ways
for anyone with a website to make a profit online.
Affiliate Marketing is an agreement between a merchant and a
website owner. The website owner, or the affiliate, allows
the use of their site for the promotion of the merchant’s
products by linking to the merchant’s website. In exchange,
the merchant pays a commission to the affiliate on all
sales generated by the affiliate.
Every time someone clicks on the link on the affiliate website
and proceeds to make a purchase, the affiliate gets a commission.
The merchant will pay the affiliate only when a customer clicks on the
product link and makes a purchase.
Affiliate marketing programs are described as a win-win
situation for both the merchant and the affiliate because of
the pay-for-performance scheme. Both the merchant and the
affiliate enjoy some benefits in affiliate marketing. There
are many benefits on the merchant’s side. It gives the
merchant a wider market in which to advertise a product or
service.
Affiliate marketing will give the product or service the maximum
exposure that it may not get with other traditional advertising
techniques. The more affiliate sites a merchant has, the higher the
traffic, which can convert to sales. Affiliate marketing is the
equivalent
of having an army of sales people who will do the advertising
and will only get a commission if a customer purchases.
Meanwhile, since an affiliate marketing relationship is a
win-win situation, the affiliate also enjoys many benefits.
Foremost among these is the easy way to make a profit.
The affiliate can earn by having an ad or link to the
merchant’s website, which prospective customers will
hopefully click and proceed to make a purchase. As soon as
the customer clicks on the ad on the affiliate’s site, is
redirected to the merchant’s website and goes on to buy that
particular product, the affiliate earns a commission. The
more referrals there are the more profit for the affiliate.
Affiliate marketing is an excellent way to earn money while
at home. There are virtually no production costs. The
product is already developed and proven by the merchant, and
all you have to do to find, as many prospects as you can
that will bring in the profit for both the merchant and the
affiliate.
Affiliate programs are usually free to join, so
affiliates do not have to worry about start-up costs. There
are thousands of products and services you can choose from.
You can find affiliate programs for every product under the
sun. Surely, there is a product or service out there that
is relevant to your website.
In addition, there is absolutely no sales experience
necessary. Most affiliate programs offer excellent support
when it comes to providing marketing material. The
simplicity of affiliate marketing allows you to be an
affiliate marketer at the least cost and the most comfort.
You can even build a successful affiliate marketing business
right in the convenience of your own home.
In affiliate marketing, your responsibility is simply to find
prospects for the merchant; you do not have to worry about
inventory, order processing, and product shipping. These,
along with customer service support are the duties of the
merchant.
Because of the global reach of the internet, you can easily
find thousands of prospects. You can intensify your
advertising campaign by exploiting more aggressive and
productive strategies such as viral marketing. By attracting
more prospects, you also maximize your potential to earn.
Another benefit of an affiliate marketer is the minimal risk
involved. If the product you are advertising is not making
money then you can dump it and choose another. There are no
long-term binding contracts tying you to products that are
not making enough money.
All the same, the best benefit of being an affiliate
marketer is the opportunity to increase your income; and you
can make a profit even if affiliate marketing is only a
sideline business. With your own affiliate business, you can
earn easily earn extra income, although you do have to
exert effort and use your imagination to maximize your
earning potential. Indeed, affiliate marketing is one of the
simplest and most effective business opportunities on the
on the web today.
size=”2″>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Clarence Gordon; Publisher. Offers;
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Daily Marketing Tip:
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