LTS Noida told about affiliate marketing for beginners, including an introduction to this monetization technique, a review of the most popular implementations of affiliate marketing, and highlights of the top affiliate ad networks, all from the comforts of your home? It looks shiny from the outside but trust me, it is as easy as slicing a cake neatly. Ever since the 4-Hour Workweek was released, everyone seems to have the same goal.
Digital Marketing Company in Noida, Live Tech Services tell you what is Affiliate Marketing and how it works, what are the existing programs that you can benefit from and how to go about it like a pro.
What is Affiliate Marketing?
Affiliate marketing has become a massive online industry over the past several years, emerging as both an effective way for marketers to sell their products and services and for publishers to monetize their audiences. Affiliate marketing is a commission based revenue system where a third party (an affiliate) brings leads/sales to a product owner/company website.
In simpler terms –
- You find a product you like,
- You promote it to your audience and,
- For every sale that is made because of you within your audience, you earn a profit commission from the product owner.
Digital Marketing Company in Noida, Live Tech Services explain these four core players better:
The product can be range from SaaS applications to physical products (like shoes), it can also be a digital product (like ebooks). So basically, a merchant is someone who is selling a product online. In order to increase his sales online, a merchant is most likely open to get affiliates on his website.
For more traffic to the merchant’s property (website) he uses different Digital Marketing campaigns and tactics to sell more of the merchant’s product and earns commission for doing the same.
A platform or a place where both Merchants and Affiliates co-exist, Merchants sign up to list their products in the affiliate program, and Affiliates sign up to find the products they like and enroll in the affiliate program. This network (platform) also settles the payments between merchants and the affiliates in a structured manner.
The one who makes the purchase on the merchant’s property (website) and completes a sale. This is the end customer who doesn’t know the relationship between an affiliate and merchant in most of the cases.
How Does Affiliate Marketing Work?
Let’s say you have a website. You are driving traffic from various sources like Facebook Ads, Google Adwords, and Organic Traffic because of branding, and there could be many other sources like social media marketing, search engine optimization, community engagement, etc.
This could be due to:
- Running out of marketing campaign ideas.
- Exhausting different traffic sources to source from.
Now that you know all about Affiliate Marketing, why wait? Go ahead and try it. Digital Marketing Company in Delhi, Live Tech Services telling you how it works out for you. In case you shall need any help, leave a comment below. And if you liked reading this article, do not forget to share it with those you think it will be helpful for. We can all use some passive income.