What Is Affiliate Marketing?
Affiliate marketing is a new twist on an old concept –
commission-based sales. At its simplest, it is a partnership between a
merchant and a salesperson where the merchant rewards the salesperson,
or affiliate, based on some measure of performance – usually a sale, but
in some cases for leads or website traffic.
The first mainstream affiliate marketing system on the internet was
launched by Amazon.com, offering Amazon "associates" the opportunity to
receive a commission for each book they sold for the company. Since
then, many thousands of companies have created their own affiliate
programs, encouraging online publishers and salespeople to earn
commissions through their partnerships.
There are many publishing and sales professionals who are successful
affiliate marketers, but they are certainly not the only people
participating in the industry. There are also many "amateur" affiliates
– people who build a website, or create an online newsletter, or in some
cases simply email their friends and recommend a product or service. In
many instances, it's no different to recommending a particular brand or
store – except that if somebody follows the affiliate's advice, they're
rewarded for it.
Affiliate marketing may involve a number of different strategies and
techniques, from building entire online storefronts offering the
affiliate merchant's products, adding some form of advertisement to an
existing website, to something as simple as making recommendations in an
email and including a special affiliate link that ensures that the
merchant credits them for the sale.
The growth of affiliate marketing is constantly increasing, as new
merchants discover the value of increasing the size of their sales force
by creating partnerships with online publishers. This is especially true
of merchants whose products or services may appeal to a particular niche
market. How better to become established within that niche than by
working with companies and individuals who already know the market
because they're part of it?
Copyright © - Paul Colligan, the
Affiliate Guy,
http://www.theaffiliateguy.com.
- feel free to use this article at your site - you
must include the bio and live link if you do - nothing else is required
TheAffiliateGuy.com © 2004-2005
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