Definition of Affiliate Marketing
Affiliate Marketing when you will search it in Google it means, it is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. The industry has four core players: the merchant (also known as ‘retailer’ or ‘brand’), the network (that contains offers for the affiliate to choose from and also takes care of the payments), the publisher (also known as ‘the affiliate’), and the customer. The market has grown in complexity, resulting in the emergence of a secondary tier of players, including affiliate management agencies, super-affiliates and specialized third party vendors.
If you will notice in some of the websites that you visit, you will see a banner ads with different brands, products or services and the blogger or the website owner can be called an affiliate or a product endorser. When someones click at their banner ads and the client decided to buy the product, the website owner will earn a commission based on their terms and conditions. To better understand deeply, the meaning and how do affiliate Marketing works, please watch the video below.
In Summary, once you decide to be an Affiliate Marketer, here are the “Excellent Reasons” that you need to consider;
- Be Your Own Boss
- No Risk Start-up
- Anyone Can Become an affiliate
- Many Different Types of Products to Promote
- No Need to build your own product
- No Need to focus on one topic or product
- You’re not Tied to a specfic Product
- Delivery and Payment is not a problem
- A Lot of Money to be made
- Earn a Passive Income and Free-up your Lifestyle.
Affiliate Marketing generally is;
- A Web-based system where you will get paid for referrals.
- There are many ways of making money.
- Well established, low-risk and low cost start-up business model.
- It takes time and efforts but the rewards are worth it.
I hope it’s clear to you now why I do blogging and affiliate Marketing because I knew this will be my possible benefits and of course not just that, it is because I also want to share and let other people to be not afraid to learn and try this because no one knows how far or how much we can earn by just trying it.
Please feel free to comment what can you say about it and I will be glad to help you if you have any more questions or anything to say about this topic. Have a nice Day! 🙂
Sources: Wikipedia, Youtube and Affiliate Channel