For Starters you might ask, What is Affiliate Marketing? You will be Getting way ahead of yourself. Lets first get acquainted with the Lingo for internet opportunities.Think of this first section as a Glossary, we'll dig deeper after understanding the terms.
Here we go:
Affiliate — A remote salesperson for products, services, or offers by merchants. Affiliates earn money by placing a program's links on their websites. They earn commissions or other revenue when their visitors successfully complete qualified actions (such as making a purchase). Affiliates are bound by the terms and conditions set forth in the merchant's affiliate program agreement.
Affiliate Program — The administrative structure that provides affiliates with links and tracking mechanisms, as well as payment processing. Most of the mechanisms for issuing affiliate links and tracking actions/sales/payments are
automated.
Affiliate Agreement — A legally binding agreement between a
merchant and an affiliate. It spells out the terms that will govern how payments are made.
Click-Through — A click on your affiliate link that takes a visitor to the merchant's website. Maximizing click-throughs to a merchant's site is one of your most important tasks as an affiliate.
Merchant — A person, company, or corporation that sells goods or services. Many merchants decide to start affiliate programs to increase their sales in a cost-effective way. Some merchants might contract with affiliate networks to manage and administer their affiliate programs. Others,however, choose to invest in tracking software and develop their own in-house program. These merchants are often referred to as "independents" or "independent programs."
Network — The term “network” refers to an organization that sets up and administers an affiliate program for a merchant, usually for a fee equal to some percentage of affiliate sales.Services offered may be as simple as signing up affiliates, providing tracking links, and issuing
payments. More advanced network services include detailed tracking and conversion reports and upload/download areas for banner ads and other promotional materials.
Opt-In — A signup to an email list. Building and marketing to an opt-in list is the primary activity of email affiliates.
Publishers — In affiliate marketing, a publisher is a person who publishes affiliate banners and links on the web. This term is synonymous with "affiliate" or "affiliate marketer."
Subaffiliate — An affiliate marketer who is brought into an affiliate marketing program by another affiliate who already participates in the program. Affiliates are usually paid a small percentage of their subaffiliates' sales.
Action Steps
__ Decide what products you’d like to promote.
__ Sign up for an affiliate program.
__ Build your affiliate website.
__ Populate your website with affiliate links.
__ Drive traffic to your site.
__ Watch as people click your links.
__ Enjoy your commissions!
Become an Affiliate :
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