Affiliate marketing
What is affiliate marketing?
Affiliate Marketing is the process by which an affiliate earns a commission for marketing another person's or company products. The affiliate search for a product they enjoy then promotes that product and earns a piece of the profit from each sale they make.
Affiliate marketing involves referring a product or service by sharing it on a blog, social media platforms and website.
The affiliate earns a commission each time make a purchase through the unique like associated with their recommendation.
How do affiliate marketers get paid?
In affiliate marketing you are paid for the performance. There are three types:
1. Pay- per -click --> It is an online advertising model in which advertisers pay each time a user clicks on one of theirs ads
2.Pay- per -lead--> It is an online advertising pricing model, where the advertisers pay for an explicit sign up from a consumer interested in the advertiser's offer. It is otherwise called online lead generation.
3.Pay- per- sale--> The advertiser pay a commission to the website owner whenever a user first of all click on an affiliate link or on a banner on which it is being promoted and then buy a product or place an order.
What are Affiliate Marketing Network?
1.Amazon Affiliate
2.Awin
3.Avangate Affiliate
4.Peerfly
5.Flexoffers
6.JVZoo
7.Flipkat
How does affiliate marketing work?
1.Seller and the Creator
The seller is a vender, merchant, product creator or retailer with the product to market. The seller may be solo entrepreneur or large enterprise. The product may be household goods, or service like makeup tutorial.
The seller does not need to involve in marketing, but they may be advertiser and profit from the revenue sharing associated with the affiliate marketing.
2.The affiliate or advertiser
The publisher is also known as affiliate or partner. The affiliate promote the product to persuade consumers that is valuable or beneficial to them and convince them to purchase the product. If the consumer does end up the buying the product, the affiliate receives a portion of the revenue made.
3.The consumer
When consumers buy the product, the seller and the affiliate share the profit. Sometimes the affiliate will choose to be upfront with the consumer by disclosing that they are receiving commission for the sales they make.
