What is Affiliate Marketing ?
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.
All well known online stores like Ebay, Amazon, Flipkart offers their own Affiliate program. You can join them, prompt the products to earn commission upto 30%.
Types of Affiliate Programs
- Physical Products: Like Mobiles, TVs, Computers, Laptops etc… Sold on EBay, Amazon etc…
- Digital Products: Like Software, Ebook, Training/Coaching Program, Tutorial Video/Audio Series, Membership subscription etc..
Why Affiliate Marketing is so popular for Vendors.
- They don’t have to do marketing them selves.
- They can sell products to much more audience and market then without affiliate partners.
- They earn much more business from affiliates then without it.
Why Affiliate Marketing is so popular for Affiliates.
- Very huge commission just for referring a customer.
- No need to create your own products, no need to run your own store, no need to handle all the technical things like processing payments, managing customers etc…
- Just send the customer and earn upto 75% commission without any work done.
Difference between Physical and Digital Markets
- Physical products has less commission rate (5 to 30% max) as compared to digital products (50 to 100%).
- Physical products has large audience to promote (every one needs mobile, computer, garments, shoes etc..), while digital products has limited and targeted audience.
- Selling digital products is easier than selling physical products due its price, often physical products are costlier than digital products.
What Next ?
Well, I think that the above information is enough to get to know about “What is affiliate marketing“.
Don’t worry if you did not get it at all, Its a long journey and in few days you will start learning a lot and in few months you will start earning a lot.
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