Marketing in an online world is very different than in the print world. One difference that really stands out is the affiliate marketing business. Generally this applies to the practice where a business, or advertiser, pays the affiliate a flat fee, or percentage, each time a customer arrives from the affiliate and enters information or makes a purchase from the advertiser. This is but one way to increase traffic to a site and garner an income in online marketing. If you take advantage of the wide variety of affiliate marketing tips online, you can participate in one of the most lucrative online businesses out there today.
1. Affiliate Marketing Tips – Finding the best companies to fit your needs
If you have a website, regardless if it’s a blog, Squidoo page, Facebook page etc. you should monetize this traffic. Putting on some AdSense and banner ads is not enough. If you really want to make the most out of your site you have to go one step further. One of the most overlooked ways to monetize this traffic is affiliate marketing. You simply have to find companies with websites that are relevant to your site and offer affiliate programs. You can find those by browsing through e.G. ClickBank.com, PayDot.com or cj.com only to name a few and look for the most valuable offers. Look for those that have a successful history and offer a wide variety of promotional tools. The company should offer e.G. banners, pre-written emails and articles (please rewrite), splash-pages, qualified ads, etc. The more promotional materials they offer, the better for you.
2. Affiliate Marketing Tips – You don’t even need to have a website
You can promote other companies products without having your own website. The only thing you have to do is drive some traffic to the companies website. You can do this e.G. with article marketing. Write an article about a topic of the website you want to promote. People who read the article and find it valuable, will click at the link (your affiliate link) and if they buy from this website you will make a commission. Depending on if it’s a physical or virtual product (like ebooks or software), you can expect commissions from 5 – 75% of the retail price. Some companies pay flat fees, but the majority will pay you a percentage of the retail price.
3. Affiliate Marketing Tips – Affiliate Marketing is a business, so treat it like one
If you are new to the affiliate marketing business, you should be aware of a few laws regarding the practice. One of the most important ones is click fraud. This applies e.g. to PPC (pay per click) advertising, where the affiliate gets paid every time someone clicks the advertiser’s ad. When someone repeatedly clicks the ad with no intention of using the company or purchasing from them, whether it is done in an attempt to help the affiliate or done with a malicious intent towards the advertiser, it is called click fraud and is punishable by fines. Do not even consider participating and immediately report any suspicions. If you have an affiliate marketing business you may want to consider forming a limited liability corporation (LLC) to protect yourself. Tax laws do apply to income generated by an affiliate marketing business so be sure to keep good records.
Just as in print advertising, different approaches work better for some websites than others. You can even use many of them in conjunction such as utilizing SEO (search engine optimization) practices. Creating, or using, an affiliate marketing business by utilizing the best affiliate marketing tips can be a powerful tool, so use it wisely.