What is an affiliate marketing ?
Most individuals who want to earn money online always has a question " What is an affiliate marketing ? "
Now in this post, i will answer this question " What is an affiliate marketing ? "
|what is an affiliate marketing ?|
Affiliate marketing is a marketing strategy in which a business pays you some profit of the money they earn from the customers sent by you to buy their products or services.
Still in doubt, no problem, let me explain you with an example :
Phase 1: Launching a product : Suppose a led bulb manufacturing company manufactured a 20 watt led bulb, now they want to promote their product i.e. 20 watt led bulb.
Phase 2 : Meeting the advertiser : They will come to advertisers or promoters who will help them by letting people know about their new products by various advertising methods, either it be by offline advertising as newspaper ads, tv ads, wall banners etc or by online advertising like social media advertising, website advertising etc.
Phase 3 : Promoting the product : Now the advertiser will search people who can promote the required product i.e. 20 watt led bulb to a large mass on behalf on them. Suppose you have a web page where many persons are visiting daily, then you ask you to promote that product on that page.
Phase 4 : Customer will buy the product : Now a visitor while visiting your web page has clicked on that link to buy that product, then you will get a commission.
Thus, the process of earning a commission by selling other's products or services is affiliate marketing.
Affiliate marketing involves four players i.e.
- owner/manufacturer/developer/creator of a product or services
- advertising network which act as a platform for meeting owner with affiliates
- affiliates who will promote the product to earn a commission
- customers who will buy the product with the link provided by affiliates
Now a days online affiliate marketing is preferred by major brands as they can cover a large mass of people surfing online in various parts of world.
Still in doubt !
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