Maybe you have read the term affiliate marketing but you don't quite understand what it means.
So, let me tell you: Affiliate marketing is when you find a buyer for a product that someone else sells.
But why should you find customers for other businesses?
Because every time they sell through one of the people you send them, they will pay you.
Well, this is an "interpretation" of affiliate marketing, but this concept may not be 100% clear. This is why I want you to look at this example:
Many telephone companies have affiliate programs. I do not want to promote any kind of telephone company in this article, so I just want to form a fake telephone company name: Surracall.
So, Surracall likes to get more customers (because more customers mean more money). How do they get more customers? They advertise, right. They advertise on television, radio and magazines. Maybe they even have a sales team going out to the company and people's home and talking to them by phone or in person and trying to get them to switch to Surracall.
But Surracall has some smart marketers. They said: It's all fine, but what about some free ads?
What they are doing now is to provide the opportunity (basically everyone) to sell the Surracall phone contract for them. Let's assume that you bring your new customer to Surracell who has signed a 12-month contract, and Surracall will pay you $30. If you bring two new customers, Surracall will pay you $60 if you bring 10 customers to pay you $300 and so on.
Some people bring many new customers to Surracell every day.
How did they do it?
Well, they will not go from house to house or call calmly.
Some very smart people have established a "telephone company comparison website." Because many people go online, they want to compare the rates of different telephone companies. So they will enter something in the search engine, such as "Comparing phone companies." If you do this, it is likely that you will be taken to a website where you can enter some data (such as where you live, how many hours are spent on the phone each month, whether you mainly use a mobile phone or a home phone, etc.). ) Then you click on a button and many different companies appear at different prices.
What did you do? You choose the product that suits you best - in this case, it may be Surracell, because you have made a lot of calls to your cell phone and their cell phone frequency is high. Then you click on its picture "Register Surracell here". They can sign a contract with Surracell by filling out a form online and you know the following: You receive a letter from Surracell that can use their services as you want.
What is happening now is that Surracell knows you registered because you clicked on the picture on the phone company comparison website. And because the person signed the Surracells affiliate program, Surracell will pay that person a commission. Therefore, part of the money you pay for your mobile phone contract will actually be paid to the person who runs the phone company's comparison site.
Affiliate marketing can be done in any market - and is most popular on the Internet. Many affiliate marketers are earning hundreds of thousands of dollars. The advantage of affiliate marketing is that you don't need to have products. You can use other people's products to make money. Few budgets can start as affiliate marketers.
The disadvantage of affiliate marketing is that it is very competitive and you need a lot of marketing knowledge to succeed. But just like everything in life, if you practice and get disciplined, you may be able to earn hundreds of thousands of dollars every month and every month.
On the other hand - many people think that simply because they make money on the Internet is easy, and they may be lazy, spending only three hours a day, and are very retired. but it is not the truth. Yes, some people are lucky and have done very little work as affiliate marketers. But frankly, you are probably not going to be one of them. In fact, I think you are more likely to win a lottery ticket than winning a lazy affiliate marketer.
But if you apply yourself, invest time and do the right thing - I believe you can earn some really good money and be financially independent. I'm not saying it's easy - I don't guarantee - but I do say it's possible.
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Orignal From: What is affiliate marketing?
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