What is Affiliate Marketing
The definition of Affiliate Marketing
There are a few ways to define what affiliate marketing is. We will provide you with a textbook definition of affiliate marketing and then provide our own version of what we think affiliate marketing is based on our years of experience. We will also talk about what affiliate marketing is not.
A marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals.
First off, affiliate marketing is defined as an arrangement of marketing where an online retailer or service provider pays a commission to a 3rd party or external website for traffic or to make sales generated from its tracked referrals.
Modelling the process of Affiliate Marketing
The typical model for affiliate marketing falls under 3 main categories on average which include:
- CPA
- Revenue share
- Hybrid between the two
There are of course other models used but the above 3 are the most common and the ones to become most familiar with.
Learn with those in the know
Our expertise is in 3-4 specific niches that are typically paying more than an average program.
In addition to the below FAQs that should help clarify a lot – affiliate marketing is genuinely a world that once you’ve entered into with the right mindset and on the right path allows you to enjoy financial freedom, a chance to fly all over the world to amazing conferences, and meet amazing people.
There are challenges like any industry to look out for – that is where our guidance comes in and we can help you navigate through some of those challenges.
FAQ’s
Here are some additional frequently asked questions about affiliate marketing:
What is the minimum I need to start affiliate marketing?
A website is the absolute minimum you’d need together with an open mind and willingness to learn.
How do I boost my income?
Once you’ve created a website, and selected a product or service to focus on, you will now have a few options on how to grow your traffic. We will cover that when we chat, and provide you with some strategies that we’ve learned over the years that are cost-effective and work.
What affiliate programs should I join?
Similar to the above point about the product you want to promote, that depends on what you’re looking for. We can help steer you in the right direction but it comes down to a few factors which we will cover.
How do I generate traffic?
There are two main ways to bring traffic – writing content, and using social media. These will be your two best tools to get you traffic, and more specifically traffic which will turn into revenue over time. More will be explained in our course.
What niche or product should I promote?
This should be based on your goals and what your interests are. You should decide on a niche that you are familiar with or are willing to learn about so that you can sell your product or service.
Start by scheduling a call with us today at a time to suit you or drop us a message if you have any questions.
We look forward to getting started and bringing you the well-deserved financial freedom you’ve been looking for!
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