An Affiliate is described as a person who undertakes responsibility of promoting a product,probably at his own expenses and is given a fixed commission by the companies whenever he refers another people to do the required action.The action may be anything,,it can be a purchase or a sign up or a filling of a quote.
Affiliate marketing programs are seen as one of the most important methods by online companies and merchants to market their products and services because implementing an affiliate program doesn't cost much money and it helps generate a consistent stream of profits.
On the other hand, the Affiliates see affiliate marketing as a good and low cost method to make money online by promoting other people products using a website or without a website.
So,before becoming an affiliate,let's know about them a little:-
The most basic affiliate programs on Internet fall into 4 basic categories:
1.Pay Per Impression [CPM]
Here you are paid according to the number of times the advertiser's banner is displayed on your site.Each Impression means number of times banner is displayed.It is calculated as cost per thousand.It is easy as everytime each visitor visits your website,you earn a commission.But the problem is that they are very low-paying and has "high conversion rate".If your site attracts lot of visitors then it is good.
2.Pay per Performance
Pay per performance (PPP) affiliate programs are what most companies and online merchants likes to use. The companies only need to pay when an affiliate referral translates into an action. The action can be a purchase or a lead.
They are of furthur two types:
a] Pay Per Sale: You earn a commission whenever some person referred by you purchases something from your merchant.
b] Pay Per Lead: You earn a commission whenever person referred by you does the required action,either signing up or filling a quote.
3.Pay Per Click
They are the most popular one on Internet these days.You earn commission whenever a visitor clicks on banner or an ad on your website.These programs are preferred to by most advertisers and publishers.The cost of each click is usually very small [$0.05-$0.5].Nevertheless, If your site attracts many visitors, this is automatically going to be huge.
4. Residual Income Affiliate Program
In this type of programs, the affiliate is not only paid for every visitor referred to the merchant's website, the affiliate is also paid whenever the referred customer returns to the site and buy another product.
Different advertisers employ different affiliate programs.It is upto each person to think which affiliate program suits him the best.I have given below list of some good affiliate programs which you can go for if you are a newcomer. You can keep searching Internet for new Programs which keep on coming...
For a list of Affiliate Programs,Click here.
AFFILIATE PROMOTION
