The Top 4 Benefits of Affiliate Marketing
- Written by NewsServices.com
If you're looking for a great way to make some extra money, affiliate marketing might be just what you're looking for. Affiliate marketing is a process by which you promote other people's products and services in exchange for a commission on the sales that you generate.
It can be a great way to make some extra cash, and it offers several benefits that are worth considering. This blog post will discuss the top four benefits of affiliate marketing.
Let's take a look at these benefits.
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Low cost of start-up
The costs of starting up an affiliate program are very low. All you need is a product to sell, a site to list the product on, and an advertiser or merchant that's willing to pay for your advertising space or hands-off marketing service. Many affiliate programs offer free membership, allowing individuals to join and make sales commissions right away.
Even if the merchant requires payment, some provide monthly fee options which can be paid with no ongoing commitment or contract required (like Amazon does). The only drawback here is that you will not get paid until you grow your monthly sales commissions above their minimum payout threshold (usually around $50). So, if you're just getting started with affiliate marketing, you must partner with Algo Affiliates for greater productivity.
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Low ongoing costs
If you choose to go down the road of starting an e-commerce store, unless you are selling your unique product or service (in which case congratulations), affiliate marketing is by far the better choice when it comes to costs. The only ongoing cost in running an affiliate marketing business is promoting your products and services. This can be done with no added cost using existing platforms such as YouTube, Google Adwords, Facebook Ads etc.
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High commissions
As mentioned earlier, most merchants offer high commissions for products or services that they want to push out there. Most companies offer incentives ranging from 50% to 75% commission on each sale made via their affiliates. Once again, I am currently seeing more of rather than the 10% industry standard.
This high commission makes affiliate marketing more of a business model than normal day-to-day advice-giving. A better percentage will lead to higher commissions for you; this means that your interest can be pushed even further, which in turn helps both parties involved.
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Targeted traffic
If you want targeted traffic, then look no further than social media. Traffic from social media sites like Facebook and Twitter is one of the most targeted visitors. They already have an idea of what they are looking for, thus reducing bounce rates compared with regular search engine traffic (traffic coming straight from Google searches). Most affiliate marketers choose social media over Adwords (PPC system) because of the targeting capabilities.
The Bottom Line
Affiliate programs are an easy and completely free way to make money online. This includes stay-at-home parents, students with no income, or even retirees on a fixed income. It is truly free to work for the most part since there are few costs involved beyond laptop or desktop computer equipment.
The only requirement is the dedication to providing good service, leading to more sales of whatever product you are representing as an affiliate marketer.
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