How to Make Money in Business With Affiliate Marketing
Are you looking how to make money in business? Your own business I absorb (why work for someone else when the rewards are much higher being your own boss?)
The internet has opened up all kinds of opportunities of how to make money in business and internet marketing is one such way.
An affiliate program is a type of marketing where a business will reward an affiliate for each customer who buys a product resulting from the affiliate's marketing efforts. There are usually 4 elements within the affiliate program. These are:
* The Merchant (the retailer, or product owner)
* The Affiliate Network (how the sales are tracked and monitored)
* The Affiliate (the person who does the marketing aiming to sell the merchant's product)
* The Customer (the person who is actually doing the purchasing!)
Here's an example of how to make money in business as an affiliate marketer.
Imagine the Merchant creates a product, a downloadable e-book to teach dog owners how to teach their dog to be obedient. The merchant will publish their product on the affiliate network site.
The Affiliate Network is a marketplace where affiliates can come and browse products to promote.
Once an Affiliate has selected a product to promote, they are given a special web link to use in all of their marketing efforts. The affiliate will then target people online to promote the dog obedience product to. Typically, the affiliate will create a website and drive relevant web traffic to it using various techniques (the 'how to' of this is outside the scope of this article). The aim here is to get the customer to make a purchase.
The end Customer, will visit the affiliate's website and if they buy the product via the special affiliate link, the affiliate receives up to 75% of the sale. The affiliate network stores how many sales an affiliate has made and pays the affiliate with the contracts due, usually every two weeks.
Affiliate marketing is an exciting way of how to make money in business because of the benefits it offers: high income potential, work from home, be your own boss amongst others.