Many new affiliate marketers would mistakenly believe that affiliate marketing is just only the act of selling a product for a company and making a small commission.
However, there are other variations that you need to know about if you are treating it as a real business.
By understanding these various methods, you would be put in a good standing in achieving your money goals.
Marketing for the vendor directly:
This is where you sign up for an affiliate program for the product that you want to help in promoting sales. In other words, they are not using a third party vendor to manage their affiliate program.There are many companies and don't forget that big companies like the Amazon offer such service.
Third party affiliate programs:
This includes companies such as Clickbank, Commission Junction and Linkshare, among others. Basically, when you help to generate sales for the main company, the third party company would actually help to allocate the payment of the commission to you on behalf of the main vendor.
Pay Per Lead:
This type of affiliate marketing is often used by insurance, mortgage and finance companies who are very dependent on getting quality leads. Basically,the affiliates would attract visitors to a page where there is usually a form to fill out.
They are tracked under the affiliate's code, so they are paid once a lead is generated after they fill out the form or application. This is also called CPA (cost per action) as the merchant would for each time a visitor has completed a task in their site.
Conclusion:
Affiliate marketing is a great way to boost your income and can help to generate additional income while you are busy with your normal work.
The best advice would be to start with a particular niche that you are interested in before trying out the others. This will help you focus better and has a better grasp of how it works via trial and error.
A successful marketer would often adopt several methods in their marketing plans to achieve a better result.
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