Even if you’re not yet reaping the rewards of affiliate marketing, you’ve undoubtedly heard of it. That’s because, according to Forbes, the category is now responsible for more than 15% of e-commerce sales, putting it on par with email marketing and ahead of both social commerce and porn affiliates display advertising as a driver of e-commerce transactions. So, just what is affiliate marketing, and how does it work? And, is it right for you? In this blog, we answer your burning questions! What is Affiliate Marketing? Affiliate marketing (sometimes also referred to as an associate program or referral program) is similar to a referral program. "Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. The concept of affiliate marketing programs is based on revenue sharing. If you have a product and want to earn more, you can promote complementary products or services of another company that will, in turn, pay you for your referrals. Of course, Affiliate Marketing for Dummies is always available online, but it’s probably not necessary!
What is eCommerce Affiliate Marketing? Commerce affiliate marketing simply adds the online element to affiliate marketing. When an online merchant promotes another company’s products, services, or website on their own website, they earn a commission. It’s really that simple! Today, ecommerce affiliate marketing is an increasingly popular tactic that is being used to drive additional sales and generate online revenue that is beneficial to both brands and their affiliate marketers. This has led more and more businesses to join affiliate programs-in fact, 81% of brands now leverage the power of affiliate marketing! As far as how much you can make as an ecommerce affiliate marketer, the sky’s the limit. Perhaps you simply want a steady, reliable income (a lot of affiliate marketers are happy to earn around $20K per year). That’s great! Or, you can go all in, like Jason Stone. He got started in 2014, and today he’s amassed an incredible six million followers, earning himself the nickname the "Millionaire Mentor." It’s all up to you!
How Does Affiliate Marketing Work? Affiliate programs can be structured in a number of ways. However, most programs involve a company providing their affiliate partners with a unique trackable code that can be shared with their customers and clients. Each time the code is used to make a purchase, the affiliate is rewarded. Purchase-Based Commission Structures. The affiliate partner gets paid when someone uses their code to make a purchase on the merchant’s website. Traffic-Based Commission Structures. The affiliate partner gets a commission based on the number of people they refer to the company’s website-regardless of whether those visitors make a purchase or perform some other action. Customer Acquisition-Based Commission Structures. The affiliate partner gets paid when their promotion helps the merchant close a new deal or sign a new customer. One of the most popular affiliate programs out there is the Amazon affiliate program, dubbed "Amazon Associates." This affiliate marketing example follows a commission-based structure. Website owners and bloggers can sign up for free to become an Amazon Associate, where they advertise Amazon products on their site by creating links.
Then, whenever one of their customers or site visitors clicks a link and buys a product from Amazon, they’ll earn a referral commission. Why would your ecommerce business want to join an affiliate program? There are many advantages of affiliate marketing-here are just a few top ones. Joining an affiliate program is a fast and simple way for ecommerce businesses to open up an additional revenue stream-and what business owner wouldn’t want to increase their overall revenue? With a referral program, each time one of your contacts makes a purchase from your affiliate partner, you’ll earn an affiliate commission. So, by simply marketing their products or services on their behalf and referring your contacts to them, you can watch the additional income start rolling in! Be sure to check out our blog, 5 Best Affiliate Marketing Tips That Will Earn You More Money. There is a lot of competition in the ecommerce space, and joining an affiliate program can help you differentiate yourself from competitors by making it possible to provide your customers with additional value.
You’ll be able to connect them with the products and services that your affiliate partner offers-without having to take on the effort, cost, and hassle of providing them yourself. Your customers will be happy when they can get a recommendation for a product or service they need from someone they trust, saving them the time and effort of having to find a partner themselves. Beyond just earning affiliate commissions, this can help you earn higher customer satisfaction scores! There are porn affiliates in just about every market and product category. So, whether you’re looking to make a name for yourself in retail or carve out a niche in the woodworking world, there’s a relevant website to align with. What’s better, is that many of these affiliates will already have an established visitor base. This gives you the opportunity to get yourself noticed within their circles with little effort or cost. You can even start to think of these partners as an extension of your current marketing or sales team! Th is post was gener ated by G SA Con tent Generator Demoversion !