The AZ Of Making Money On The Internet – A – Affiliate Marketing
What is "affiliate marketing"?
Before all else let us consult the Compact Oxford English Dictionary for Students. According to this source "an affiliate is a person or group linked to a larger organization". Marketing, according to the same dictionary is "the promotion and selling of products or services". In the universe of internet marketing then, affiliate marketing occurs when an individual promotes and sells the products or services of someone else and gets paid a commission for this.
Commission – How much commission?
Depending on the product or service that the affiliate marketer chooses to promote the payment of responsibilities could range from 25% up to as much as 75%. A quick search of most of the products sold on a very popular market place for example, looks to indicate an average of 50% commission. This growing company seems to be the preferred market place for most internet entrepreneurs to sell their products. Earning commission from promoting the products of internet vendors is an ideal way of gaining experience as an emerging internet entrepreneur until you are ready to promote your own.
What does one need to succeed?
There competition is truly fierce as far as internet marketing is concerned and one's attitude and appetite will be determining factors. As far as attitude is concerned there would be the aspect of commitment. How much money do you want to make? How much money are you willing to put in initially? In other words what is your appetite for risk? Do you simply want to supplement your present income or are you looking to build your own internet business and become financially independent, even very wealthy?
Where does one find willing buyers?
There are multiple millions of people who use the internet every day – twenty four hours out of every twenty four. And there are many ways to find them. As mentioned before the matter of "initial investment" is an important one. Investing in a professionally designed website that draws traffic is one way and should be a great help – it should not be too costly as far as purchasing a domain name and the hosting of the site are concerned. There is also the possibility of marketing through direct email if you can obtain a free database or gain access to one at a cost.
What about advertising?
As mentioned earlier if the emerging internet entrepreneur (affiliate marketer) is in a position to make significant provision for advertising in the budget, there are a variety of ways to place advertisements in many strategic places on the internet. This would obviously depend on the amount of money you are willing to set as seed capital and again, it would depend on how you are committed to becoming a successful internet marketer.