In the past, I talked to a friend about affiliate marketing. I asked her, “What is affiliate marketing?” Her response was “Oh… it’s all about selling other peoples products and making a commission.” I consented and I am going to assume she means it in a negative way. However, I valued the friendship so much I asked her one question. “What would it be like to be rich?” She stopped and thought for a moment. “I don’t know. When I was growing up, I remember VHS and tape cassettes. Those seem to be the only two choices, right?” VHS happened to be the official stream of the day. Remember that because history was made in 1998.
Anyway, affiliate marketing happens to be the fastest growing business on the internet today. It happens to be an extension of the traditional model of revenue sharing. On the internet, the number of internet surfers is growing exponentially. traditional revenue sharing had a good run, but the days of steady sales from a customer list are gone forever. It was a beautiful model. The physical goods merchant sold directly to the customer. The payment and delivery was immediate. The producer did not mind receiving a check at the end of the month, as long as there was revenueShare involved as well.
Affiliate marketing happens to be the opposite of this. There is no line of products between the merchant and the affiliate. The merchant is not concerned with how much inventory the affiliate has, nor is the production and distribution of the merchandise. There are no commissions to be earned. It is an agreement between the merchant and the affiliate. The merchant agrees to pay the affiliate based on his ability to sell the product. This is where the revenue sharing comes into play. The merchant agrees to pay the affiliate in a specified amount or a percentage of the sales. When an affiliate sells one of the merchant’s products, the revenue is held in a special account. The merchant can access this money quickly and determine how much he owes the affiliate.
There are three ways to locate affiliate programs available on the internet. I did not use them, as I was not aware of their existence until I read an article about them. The first of the three ways is searching the web by typing in, affiliate + your niche. Affiliate + your niche is a catch phrase for a few niches used in affiliate directories. Affiliate +Your Niche is the catch phrase for most niches. If you belong to an affiliate directory, they should have a list of affiliate programs that you can use. If you do not belong to an affiliate directory, search the web and locate any programs available through affiliate monitoring services. The third method uses an affiliate network. There are many affiliate networks, but searching the web will provide you with a list.
There are two ways to find out if an affiliate program is being used properly. Check the message boards for user reviews. You can also check out an affiliate directory. The last method involves purchasing a domain and redirecting it to your affiliate URL. Using these methods is the surest way to prevent affiliate CDs from being returned.
Remember, those seeking online business should be aware of the risks involved. It is important to know how to protect yourself from those risks. Go and find out how to protect yourself now.