Affiliate programs are also known as associate programs, partner programs, reseller programs and sponsor programs.
Affiliate marketing provides incentives to outside entities or affiliates to market your products. It sets up a spiderweb style marketing network where the individual strands of promotion eventually all reach into the center where you, the merchant, sits. With the advent of the net, affiliate marketing has become more effective and easy than ever before. It now requires almost no effort to make use of affiliate marketing or become an affiliate yourself. Even the prospective customers barely have to do anything to be a useful and profitable part of the affiliate marketing system.
With the help of the internet, affiliates can get information on the traffic they influence almost instantly, and get paid in similar lightning speed. With digital means of money transfers, like Paypal, sending money becomes less of a hassle for the merchant as well. In fact, the whole process can be automated, and often is.
With less time and effort required to put in for profit on all sides, there’s almost no reason to not use affiliate marketing if you have a company or product that needs customers. For affiliate, it’s easy money with practically no drawbacks involved. For the merchant, it’s cheap advertising at a trivial expense. Both sides profit, along with the customers who appreciate tasteful affiliate marketing over the more intrusive and obnoxious forms of marketing.
Before we had the net, affiliate marketing was clunky and difficult to use effectively. But now, with online systems of connecting businesses, managing money, and displaying ads, affiliate marketing has really come into its own as a force to be reckoned with. No more is affiliate marketing a second-class marketing technique. In fact, it has become quite possibly the most profitable form of marketing to date, given the minimal expenses and trouble involved.
If you’re still holding back on affiliate marketing, maybe you’ll be more enticed if you explore all the diverse options it can offer you. Not all affiliate programs work exactly the same. By diving in to see what the market has to offer for your personal situation, you can find something to tailor to your exact needs.
As with all areas of marketing there are several degrees of differences between affiliate programs. Finding what works best for you of course, depends on what kind of customer base you deal with. Another factor in determining how profitable it may be for you is to look at how much traffic or exposure your own website has. Obviously site with high traffic will generate more customers in an affiliate program than one that does not. In addition the programs themselves vary on methods of payment. There are three general categories affiliate programs use to generate income. There is the pay-per-click method (PPC), the pay-per-play method (PPP) and pay-per-performance method (PPP). Knowing your client base will greatly help you in determining which of these would work best for your site.
Justin Harrison is an internationally recognised Internet Marketing expert and entrepreneur who has built up multiple 7 figure online business and consults to some of leading online brands including Amazon, BBC, AIG and many others.