With its steady rise in popularity,
affiliate marketing has been implemented as a means to earn money by
more and more people. And with the right affiliate marketing tools and
enough effort, the money just keeps flowing in!
But what is affiliate marketing? The
simplest explanation would be is that you get paid whenever you make a
sale from the products you promote. Sometimes it doesn’t even have to be
a sale – some affiliate marketers earn money by having people fill out a
form or even just by clicking on an ad! The simplest way to do
affiliate marketing is to create your own website, establish your
readership, and place the ads where people can see them.
There are many types of affiliate
marketing. Depending on your preferences, you can pick one out that
would suit you. Let us divide them into three categories which are
further explained below.
Indirect
Indirect affiliate marketing mainly deals
with the basic campaigns like pay-per-click ads you post on your
website. Most beginners use this method since you don’t need any
familiarity or even expertise on the products you are promoting – you
just place these ads in your website and if people click on them, you
get paid.
Related
This method is a bit different from the
first in the sense that you are well-aware of what you are promoting.
Even if you don’t use the product yourself, these products are still
under your field of knowledge; therefore, you can promote them with
ease. Some people implement this method by targeting audiences of a
specific niche (preferably one where you’re good at, as well).
Expert
Expert affiliate marketing is the most
straightforward method you can use. You believe and even use the
products you promote. Since you are knowledgeable enough with the said
products, it wouldn’t be too hard to tell other people how good they
are. Some expert affiliate marketers include their promoted products as
part of their own blogs/websites so as to be more effective.
There are other types of affiliate
marketing, such as entrepreneur affiliate marketing (wherein you’re the
one who owns the product and let others promote it for you, thereby
making you the “merchant”) and multi-level marketing (you earn through
the sales of people you have recruited and the people they have
recruited, sometimes up to the fifth degree).
You can choose one which you think would
suit you best. You can also venture into multiple types at the same time
to find out which ones are right for you.
You might think it is easy, but in reality,
you need to put in a lot of effort at first for this to work. Once you
get the hang of things and finally know your way through it, your
affiliate marketing venture can turn from being an additional source of
income to being your primary financial source.
Source : Kyle Kam on December 13th, 2012
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