By Jim L Berry
Whether you are a website owner in need of additional income. Or you are someone planning to start an online business, but you still do not have your own product or service to sell. Then affiliate marketing could provide you a solution.
As an affiliate, all you need is a website with content relative to a particular merchant or merchants' products. You don't need to have products, just the ability to drive targeted traffic to the merchant's websites.
Now, that is not to say that you should not, as soon as is possible, have a good product or line of products of your own. And your own affiliate program for these as this can greatly increase your profits. But, that is a story for another day!
By finding merchants with good products and joining their affiliate program and promoting. It is possible that you could start earning right away.
Affiliate marketing is a business relationship between a merchant and affiliates. The merchant provides good products or services and the affiliate agrees to drive traffic to the merchants' website in return for compensation when a particular action is taken by the visitor.
Most merchant or retailer sites today offer an affiliate program of some type. Benefits to affiliates vary from merchant to merchant. Affiliate programs are generally percentage commission compensation, based on sales.
However, this is just one model. Others include a fixed commission for a visitor filling out a form or signing up for a merchants newsletter or in some cases all the visitor has to do is show up to generate affiliate compensation. Now, let's look at some differences in the affiliate programs.
As stated earlier, most affiliate programs pay the affiliate a one-time percentage commission based on conversions or sales made to visitors. These types of programs usually pay a higher commission rate from around 20 to 75 percent of the sales.
The other type of program we discussed requires that an action be taken by the visitor. Whether it is simply clicking through to the merchant website or fillinfg out a form or requesting information from the merchant. These also usually are a one-time compensation to the affiliate, but at a much lower rate.
Another type of affiliate program is the residual income affiliate program. Residual affiliate programs often pay a lower percentage commission or fixed rate per sale. For this reason, these types of programs are often overlooked by many affiliates.
However, this type of program pays the affiliate on a regular basis for as long as the customer remains a customer for the particular product or service.
Examples of residual income affiliate programs include domain names renewed annually. And monthly or annually renewed web hosting plans. Sequential auto-responder accounts and membership sites usually bill on a monthly basis.
So, what is the advantage to the affiliate in promoting residual income programs? Generating sales to all the above listed services pays for the services required for you to run your affiliate marketing business(es).
Some things to consider when researching residual income programs;
Does the merchant or service provider pay additional compensation should the customer purchase additional products or services?
In the membership site model, is additional affiliate compensation paid in the event that a member upgrades his membership or purchases additional products or services.
And, perhaps most importantly, does the product or service provider encourage the affiliate to purchase through their own affiliate link. Therefore decreasing the affiliates cost of doing business.
So, for the same effort of sending a visitor to a one-time sale affiliate program, you are creating a repeat monthly or annual income. Residual income programs, over time, will often equate to greater affiliate profits.
Now you can see that if you follow the model of 'doing the job once and being paid forever', then residual income affiliate programs make perfect sense!
Jim Berry shares expert business advice, tools, tips, and techniques to help create and build your business success at http://AuthorityMasterminds.com. To receive additional Internet Marketing information and our Free ebook "Entrepreneurs Guide", visit http://AuthorityMasterminds.com.
Article Source: http://EzineArticles.com/expert/Jim_L_Berry/154133
Whether you are a website owner in need of additional income. Or you are someone planning to start an online business, but you still do not have your own product or service to sell. Then affiliate marketing could provide you a solution.
As an affiliate, all you need is a website with content relative to a particular merchant or merchants' products. You don't need to have products, just the ability to drive targeted traffic to the merchant's websites.
Now, that is not to say that you should not, as soon as is possible, have a good product or line of products of your own. And your own affiliate program for these as this can greatly increase your profits. But, that is a story for another day!
By finding merchants with good products and joining their affiliate program and promoting. It is possible that you could start earning right away.
Affiliate marketing is a business relationship between a merchant and affiliates. The merchant provides good products or services and the affiliate agrees to drive traffic to the merchants' website in return for compensation when a particular action is taken by the visitor.
Most merchant or retailer sites today offer an affiliate program of some type. Benefits to affiliates vary from merchant to merchant. Affiliate programs are generally percentage commission compensation, based on sales.
However, this is just one model. Others include a fixed commission for a visitor filling out a form or signing up for a merchants newsletter or in some cases all the visitor has to do is show up to generate affiliate compensation. Now, let's look at some differences in the affiliate programs.
As stated earlier, most affiliate programs pay the affiliate a one-time percentage commission based on conversions or sales made to visitors. These types of programs usually pay a higher commission rate from around 20 to 75 percent of the sales.
The other type of program we discussed requires that an action be taken by the visitor. Whether it is simply clicking through to the merchant website or fillinfg out a form or requesting information from the merchant. These also usually are a one-time compensation to the affiliate, but at a much lower rate.
Another type of affiliate program is the residual income affiliate program. Residual affiliate programs often pay a lower percentage commission or fixed rate per sale. For this reason, these types of programs are often overlooked by many affiliates.
However, this type of program pays the affiliate on a regular basis for as long as the customer remains a customer for the particular product or service.
Examples of residual income affiliate programs include domain names renewed annually. And monthly or annually renewed web hosting plans. Sequential auto-responder accounts and membership sites usually bill on a monthly basis.
So, what is the advantage to the affiliate in promoting residual income programs? Generating sales to all the above listed services pays for the services required for you to run your affiliate marketing business(es).
Some things to consider when researching residual income programs;
Does the merchant or service provider pay additional compensation should the customer purchase additional products or services?
In the membership site model, is additional affiliate compensation paid in the event that a member upgrades his membership or purchases additional products or services.
And, perhaps most importantly, does the product or service provider encourage the affiliate to purchase through their own affiliate link. Therefore decreasing the affiliates cost of doing business.
So, for the same effort of sending a visitor to a one-time sale affiliate program, you are creating a repeat monthly or annual income. Residual income programs, over time, will often equate to greater affiliate profits.
Now you can see that if you follow the model of 'doing the job once and being paid forever', then residual income affiliate programs make perfect sense!
Jim Berry shares expert business advice, tools, tips, and techniques to help create and build your business success at http://AuthorityMasterminds.com. To receive additional Internet Marketing information and our Free ebook "Entrepreneurs Guide", visit http://AuthorityMasterminds.com.
Article Source: http://EzineArticles.com/expert/Jim_L_Berry/154133