It sounds complicated. What exactly is affiliate marketing? It’s simple really. Affiliate marketing is selling other people’s products (or services) for a commission or portion of the money generated by the sale. Commissions can range from less than 10% to more than 70%. The price of the product can range from $ 5.00 to $ 500.00 and higher. Special training or start up funding isn’t required to become an affiliate marketer. However, your home based business will be more successful if you know about the product you’re selling and you’re excited about it.
Your task as an affiliate marketer is to drive traffic to the product owner’s sales page, allowing them to convert the prospect into a buyer. The more targeted the traffic the higher the conversion rate will be. Conversion is the percentage of people who visit the site who then buy the product. A cookie is embedded with your affiliate ID on the browser of every visitor who uses that affiliate link to visit the product owner’s page. If the visitor buys you get paid.
There is no limit to what types of product you can promote as an affiliate. On Amazon, you can promote anything they sell from flat screened TVs to diamond jewelry to food. If you want to be in the beauty niche, you can include links using your Amazon associate (affiliate) ID to sell specific beauty products, beauty magazines, books, DVDs, clothes, and spa products. For example on one of our golf sites we promote golf books, DVDs, training equipment, and golf equipment.
An affiliate marketer doesn’t have to be concerned with developing ideas and creating products. You don’t have to deal with customer service follow-ups. Your home based business doesn’t have to worry about inventory to store, credit card processing and shipping. Once you’ve made the sale your work is over.
The product owners want you to be successful. They know that their affiliates can sell a lot more product than they can by themselves. The owners provide formatted emails, reviews that can be placed on blogs, banner ads, and articles. Add your affiliate link and you’re ready to go.
When choosing products make sure you’re comfortable with the quality of the product and the sales pitch. Those qualities reflect back on you.
Building a list of interested potential customers is an important part of affiliate marketing. Your list should be focused on one niche, but there are probably a number of products you can sell. For example: Brides to be would be interested in wedding gowns, invitations, weight loss, flowers, and travel. Offering a free report on romantic weddings that don’t cost a fortune would be one way to build a list of brides.
Affiliate marketing is one way your home based business can be successful on the Internet.