Today I will share with you an interesting and profitable way
to make money on the internet with very little effort: affiliate
marketing.
My definition of Affiliate Marketing: is a popular method of promoting web businesses in which you are rewarded for every visitor, subscriber and customer provided through your efforts, much like the practice of paying finder's-fees for the introduction of new clients to a business. Compensation may be made based on a certain value for each visit (Pay per click), registrant (Pay per lead), or a commission for each customer or sale (Pay per Sale), or any combination of the three, or you could get targeted traffic for free...whadday think about that!?
First, let's take a look at the overall concept of Affiliate Marketing. The process starts when a company has a successful product to offer. The company will build a web site and offer
that product to the consumer. The next hurdle the company has to overcome is getting web traffic to their site. After all, they can have a kick-butt product but if nobody knows about it, they won't make a dime. This is where you, the affiliate marketer comes into play.
When you sign-up for any affiliate program, you will receive a special link that keeps track of the visitors you refer as an affiliate. Now, your main goal is to redirect as much targeted
traffic as you can so you can raise your profits. There are two ways for this: you will have to build a web site that generates traffic and then "refer" part of that traffic to a partner company.
The most common way to earn money by referring people to a website as an affiliate is the Cost Per Lead (CPL) commission structure. A CPL program is advantageous because
you simply need to convince your traffic to provide their information to your partner company. In other words, a cost per lead affiliate program will pay for each person or "lead" that
is referred to your partner's web site. A Lead is any personal information that a visitor submits to a company for the purpose of allowing the company to solicit their product or services.
Here is a rough example: Let's say that a company offering a"make money with affiliate marketing e-book" makes an average of $50.00 profit from each sale made on their web site. They know, based off of web site statistics and sales, that one in four customers will buy their product or "convert" as it is commonly referred to.
They can then offer an affiliate a certain amount of money (we will use $20.00 for our example) for each person they refer to their web site that generates a lead. So, if an affiliate gets 100 people each month to click on an ad and fill in their information on the company's web site they would make $2000.00.
The company would have made $5,000 from the referrals and it will have only cost them the $2000.00. Again, both the company and the affiliate succeed in with this method because the company has extra sales it would not have had without the home based affiliate business and the affiliate gets paid for a product they do not manage or own. Now, I don't know about you but as for myself, I don't mind having an extra $2000.00 each month from a website that maintains itself.
Imagine having 10 web sites that all do the same thing for different affiliate programs.
If you want to learn how to generate FREE targeted web traffic-click here today!
Stay tuned for more tips on how you can make more easy money online.
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