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:
Merchant
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.
Publisher/Affiliate
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.
Network
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.
Customer
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 Pvt. Ltd. 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.
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