What's Affiliate programs?
This post is for Internet marketing newbie to learn some basic stuff about Affiliate Programs. also known as Profit Sharing Programs.
Affiliates earning money online promoting affiliate programs by placing a textlink or banner on their blog/website.They earn commission on each sale, without any expense on storage,shipping,etc..
Basically,you earn your profit/affiliate commission for producing a lead to your merchant ,a transaction that the buyer buying the product/service from your recommendation. This activities also known as Referral Programs, Associate Programs, Profit Sharing Programs or Reseller programs,it give affiliates the ability to create an online earning opportunity selling thousands products and services.
In general,affiliate programs are offered by sites selling goods or services,some merchants reward other types of transaction instead of cash money such as getting a visitor to sign up and receive free gift or voucher in exchange.
5 ways for affiliate programs to paid you:
1.pay per lead:when you bring them a prospective customer and they pay a commission for the chance to market to that customer.
2,pay per sale:Paid only the prospective customer makes a purchase.you get a percentage of the sale as commission.
3.Pay per click: You get paid for every visitor you send to the online merchant regardless of any sale or purchase. Usually companies pay $0.05 - $0.15 per click.
4.Two-Tier: You get commission on direct sales you generate and also you get commission on sales generated by affiliates you recruited. Usually companies pay 25% commission for direct sales and 5% for sales generated by your affiliates.
5.Bounty: You get a one-time finder's fee payment for the visitor you referred. You will not get commission on any future purchases that customer makes.
The Benefit of an Affiliate Program:
In order get paid,you just need to drive visitors to your affiliate site. Write a few articles and provide a few links.You don't need to find or deal with brokers, wholesalers, inventory, process orders, shipping & handling, customer service, tech support,handle storks returns,warranties,employees, etc-
An affiliate doesn't even have to be present, your site will keep earning money while you're sick, on vacation, or just doing something else.it's almost earning money autopilot.
Another advantage of being an affiliate, is that the wide market opportunities,you do it from almost anywhere in the world..globally,and you just stay at home.
How The System Works?
When you join an affiliate program, you will be given a specially formatted URL (Links) that you should use to link to the affiliate provider's site.This will enable the affiliate provider to monitor traffic to your site and pay according to the type of affiliate program.Many affiliate programs pay a commission based on a percentage of the revenue generated by purchases made by visitors coming from your website.
For example; if you're participating in an affiliate program that offers a 25% commission and you send a visitor who purchases US$100 worth of products, you've just earned US$25 in commissions.The commission rate itself can vary from 20% up- to 50%+ in the case of intangible products such as software,online reports or website subscriptions (memberships base).
Affiliate programs vary widely in terms of overall quality, reliability, commission, statistics, the amount of help that the merchant site offers in marketing the products or services it sells, and so on.By thoroughly understanding an affiliate program, you'll minimize the risk of not getting paid - and maximize your potential earnings.
Affiliate Networks
An affiliate network is a third party /middle man who brings affiliates and merchants together. It connects merchants (companies with products or services to sell) together with Publishers (those who display and promote these products or services) so they can do business and earn money together. The affiliate network does all the tracking, payment of commissions.
7 affiliate Network to help you earn money online (enough if you're a beginner)
Some Fortune 500 companies listed.
2. ClickBank
More then 10,000 products to promote.Excellent stats and tracking. Commissions ranging from 40% to 50%
3. LinkShare
one of the oldest affiliate networks on the web.
4. Amazon
Become a amazon affiliates and has the options of creating your own store with Amazon shopping online Stores.
5. Shareasale
With more then 1,800+ merchants to choose from.
6. Google
Not many products as others top affiliate network but it easy to run affiliate products together with their Adsense PPC (paid per click)program.Easy to install.
7.eBay Affilaites Program
Check out my previous post about ebay,earning commission from other seller's complementary listings as well.
Receiving Money :
You have to have a payment processors with then you can receive payment from your affiliate earnings.You joined a affiliate site that gives you commission for selling their products. When you sell some products for them they will send your commission in your payment processor account which they support.
4 Top Payment Processors Used By Affiliate Programs:
- Paypal @ http://www.paypal.com (Most popular but may not be MLM friendly)
- E-Gold @ http://www.e-gold.com (plenty of scam but it's the most easy to sent and received money)
- alertpay @ https://www.alertpay.com/
- Stormpay @ http://www.stormpay.com
You can receive money for your work that you have earned from various sources,e.g Get Paid To programs;aka GPT,High Yield Investment Programs ;aka hyip,Paid PerClick PPC etc.
If you are finding a free blogging platform to promote you affiliate product check out this blog post:28+ Free Blog Hosting that You Can Blog for FreeTitle and url of this post:Newbie earn online:How to Start a Affiliate Program
http://earningsource.blogspot.com/2009/07/newbie-earn-onlineaffiliate-program.html
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