Affiliate Marketing is one of the most popular ways to make money online but ‘what is affiliate marketing?’. Many people see and hear about it and how normal people are making money by doing it, yet they fail to undersand what it is and how it actually works.
Affiliate marketing has become one of the most popular ways for people to make money online. It has grown in popularity because it is virtually FREE to set up and the best thing about it is, just about anyone can start doing it, no matter how old you are or what walk of life you come from.
What Is Affiliate Marketing – A Simple Definition
The easiest way to describe ‘Affiliate Marketing’ would be the following:
Affiliate Marketing is basically selling someone else’s products or services and then in return, you receiving a commission for doing so. The concept of ‘Affiliate Marketing’, is that you get paid when you sell or promote someone elses product. As I am sure you can imagine, this is a very attractive proposition for many people, especially if you have a website but do not have any products or services of your own to sell.
What Is Affiliate Marketing Used For
Essentially, Affiliate Marketing is used by companies to reach a wider audience, increase sales and their customer base. It is a fantastic way for companies to get a large number of people (affiliates) to advertise, promote and sell their products and services in return for a small commission.
For Example: Imagine if you had your own business selling a certain product or service. It is very hard and very expensive for you as a business owner to market any product or service on your own but if you had 100 other people selling your products and services too, you could quickly reach a much larger target area, build a large customer base and increase your sales. It also means that your business would only pay money out for marketing when you sell a product (a sale that you would not have made without an affiliate recommending you) and that means a very viable marketing strategy for your business. If those 100 people (your affiliates) promoted and helped sell your product and then in return received a commission everytime they sold one of your products, they would have an incentive to continue promoting your product.
It really is a win win situation for both the company and for the Affiliate Marketer.
Does Affiliate Marketing Work
Yes, is the simple answer to the above question. Many people have been making regular money online as an affiliate for many years. However, despite what you may read in those adverts about ‘Affiliate Marketing’ telling you how you can easily make thousands of pounds everyday for doing very little work, isn’t exactly true!
Yes, it is possible to make huge amounts of money from ‘Affiliate Marketing’ and there are people doing so each and everyday but the fact is, they didn’t start make huge amounts of money overnight! The truth is, it took them time and effort to set up their own ‘Affiliate Marketing’ empires and now they are reaping the rewards for their efforts.
Remember from the beginning, ‘Affiliate Marketing’ is a business, it is a great way of making money online but just like any other business, it needs to grow and you will need to put the time and effort in to help grow your business and as a result reap the rewards!