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The Internet has been the great equalizer, as far as the
earning potential of an individual is concerned. Pre-Internet, entrepreneurs
would have to set up shops in their hometowns, big or small, and try to make it
using only the population around them as an income source. Now, millions, if
not billions, of people can access your online presence, and that traffic can
be monetized in some way.
The biggest hurdle for most online entrepreneurs is actually
getting that online traffic and properly monetizing it. Youtube monetizes
traffic by paying you per view. Google Adsense does the same. Others sell
things they have acquired or created through their own storefronts or by being
a middleman in a process referred to as dropshipping. Today’s article, however,
will focus on the topic of affiliate marketing and why so many entrepreneurs
have fallen in love with the program.
What Is Affiliate
Marketing?
Affiliate marketing is rather simple, but highly effective.
There are two parties in the affiliate marketing system: the affiliate marketer
and the person or company doing the payout. In affiliate marketing, the goal of
the affiliate marketer is to get people to the company’s storefront and make a
purchase. Once a purchase has been made, a percentage of the sale is given to
the affiliate marketer. For instance, a marketer places an Amazon link on their
website to a pair of gloves. Should anyone click that link and continue to
checkout, that marketer will receive 5-7% of the total sale.
This doesn’t necessarily have to apply to buying physical products. Some affiliate programs like CB passive income, reward the affiliate marketer every time someone signs up for an email list and follows through on purchasing a program. Essentially, any action that can be traced to traffic from a… Read More
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