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Due to the changes in our economic society today, more people are looking online to either add to their income or to have this as their primary source of revenue. Online marketing seems to have a lot to offer many people.
One of the things that online marketing offers, due to the nature of the internet, is a world-wide marketplace. The more people that can buy your merchandise the more money you can make. Another advantage of an online business is the cost of setting it up. Setting up an online business is a fraction of the cost of setting up a brick and mortar business.
A big attraction for people looking at affiliate marketing is they do not need their own product. With this type of online business you do not even need your own product, you can just sell other people's products. This is known as affiliate marketing and all you need to do is sign up to be an affiliate and you are off and running.
More and more people are turning towards affiliate marketing. One of the big draws is that you can get started fairly quickly since you do not need your own merchandise to sell. We all know however that there is more than that to affiliate marketing.
Usually when you sign up as an affiliate there is no charge. Merchants who do charge a fee usually give some tools and services to the affiliate to get them started. Merchants that require you to have a website will ask you for a URL. By asking to see a URL they know that you do have a website to promote their product on. Other online retailers do not even care if you have a website.
You also can sign up for an affiliate network. An affiliate network hosts many diverse affiliate programs from various online merchants or retailers. It is generally free to sign up and any payments or charges are handled by the network and not the individual merchant. Even though you are a member of the network you still need to join each program that you wish to promote.
These tools will often give an affiliate a good start on their campaign. After all if an affiliate is making money so is the merchant.
Once you become an affiliate do you know what you need to do? We all know that you need to sell the products for the merchant, however there are other ways an affiliate can make money.
Affiliates get paid for three things:
? PPC - Pay Per Click
? PPS - Pay Per Sale
? PPL - Pay Per Lead
An affiliate will earn money by just getting a person to visit the merchant's site they are promoting. In PPS the affiliate gets paid if the person he sent to the merchant's site turns into a customer. The affiliate will earn a certain percentage of the sale. With the PPL type of lead, the lead needs to turn into a sale and then the affiliate is paid a set amount.
There are also two tiered affiliate programs. With this type of affiliate program you can recommend others to sign up under you in the affiliate program. When these affiliates, who are signed up under you, make a sale or generate a lead, you will receive some money also.
Another source of income for an affiliate is residual. An example of this would be when a customer signs up for a site with a recurring monthly fee. As long as they are still a member then you receive income. An affiliate will generate residual revenue when the person who signed up through them buys something. This happens for every product that your sign up buys.
It may now seem a bit clearer as to why people are trying to make money through the internet. If you are willing to put in the time and work really hard you could generate a good deal of revenue. Are you up to the challenge??
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