Affiliate marketing is one of those things that is easy to explain, and even easy to carry out – in theory, but causes so many people so much grief when it comes to the practice.
As explained in the video below, Affiliate Marketing is the practice of selling other people’s stuff for a share of the sale price – a commission. This can be as low as 2% if you’re selling Amazon products and as high as 100% if you are selling ‘Make Money Online’ digital products. Most affiliate commissions fall somewhere in between.
Products are made available to affiliate marketers in a number of different ways. One way is that an individual product creator (or vendor) has his own affiliate scheme and arranges for affiliates who have made sales, to be paid. It sounds like a lot of extra work for the vendor, but online based software can make it easy to manage.
The most common method is to use a third party company, known as an affiliate network. The vendor provides a product (or series of products) and the affiliate network deals with bringing in affiliates, taking payments from buyers and sharing out commissions. In return, the affiliate network takes a small percentage or fixed fee from each sale. No one minds a few pennies, but for the network arranging thousands of sales per day, the pennies soon add up.
Now many buyers wonder if the product would cost a bit less if the affiliates and networks were not involved, in a similar way that offline you buy directly from a warehouse or the manufacturer. In theory, you’d think so, but many vendors do not do much selling for themselves and prefer to let affiliates do the work of advertising to get the customers in. The system works pretty well for everyone.
Watch the video below for a bit more information on affiliate marketing. (The video will stop around the 1 min mark. Scroll down and click the button, then come back to the page when complete and click the X at the top of the video).
So now you’ve seen what affiliate marketing is about and grabbed a free ebook into the bargain. Browse through this site for more information on various aspects of internet marketing or go along to Marketing Mentor Steven to grab a lot more free stuff to help you get started with affiliate marketing, including products you can sell for yourself (or get affiliates to sell for you).
If you need specific advice, please feel free to email me via the ‘Contact Me‘ page.
P.S. Do you like the pop up at the 1-minute point? Is it something you think you could use in your videos (actually, they don’t have to be YOUR videos – you can use anyone’s). If you use video on your blog or website and think that a system like that could help YOU get more subscribers (or any other link you want to send people to), take a look at VidFly and see how much it can help you and your business.