Turn Web Traffic To Cash
This article is intended to teach you step by step how to get started and more importantly, make money using affiliate marketing. We will teach you how to start a home based affiliate business. Please leave us comments, questions, or success stories so that we can improve this guide. You will find other affiliate related guides and articles on the lower section of this page.
What is affiliate marketing? "Affiliate Marketing" is a popular method of promoting web businesses in which you (the affiliate) are rewarded for every visitor, subscriber and/or customer provided through your efforts, much like the practice of paying finder's-fees for the introduction of new clients to a business. Compensation may be made based on a certain value for each visit (Pay per click), registrant (Pay per lead), or a commission for each customer or sale (Pay per Sale), or any combination of the three.
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Affiliate Marketing is one of the best ways to make money online because there is little to no scamming or fraud. In fact, many home based affiliate business owners rely on affiliate marketing for their entire income.
First, let's take a look at the overall concept of Affiliate Marketing. The process starts when a company has a successful product to offer. The company will build a web site and offer that product to the consumer (or internet user). The next hurdle the company has to overcome is getting web traffic to their site. After all, they can have a kick-butt product but if nobody knows about it, they won't make a dime.
This is where you, the affiliate marketer comes into play. As an affiliate you will have or build a web site that generates traffic and then "refer" part of that traffic to a partner company. The program works well for both the company selling the product and the affiliate because both parties make money in the process and each helps the other become more successful.
For the purpose of this article and the goal of assisting you to make money with Affiliate Programs, we will only be looking at the Cost Per Lead (C.P.L.) commission structure. A C.P.L. program is advantageous because you simply need to convince your traffic to provide their information to your partner company. You can read more about a real life example of the C.P.A. model here.
Cost Per Lead:
A cost per lead affiliate program will pay for each person or "lead" that is referred to your partner's web site. A Lead is any personal information that a visitor submits to a company for the purpose of allowing the company to solicit their product or services.
Here is a rough example: Let's say that a company offering a "make money with affiliate marketing ebook" makes an average of $40.00 profit from each sale made on their web site. They know, based off of web site statistics and sales, that one in four customers will buy their product or "convert" as it is commonly referred to. They can then offer an affiliate a certain amount of money (we will use $16.00 for our example) for each person they refer to their web site that generates a lead.
So, if an affiliate gets 100 people each month to click on an ad and fill in their information on the company's web site they would make $1600.00. The company would have made $4,000 from the referrals and it will have only cost them the $1600.00. Again, both the company and the affiliate succeed in with this method because the company has extra sales it would not have had without the home based affiliate business and the affiliate gets paid for a product they do not manage or own.
Now, I don't know about you but as for myself, I don't mind having an extra $1600.00 each month from a website that maintains itself. Now, imagine having 10 web sites that all do the same thing for different affiliate programs.
Can anyone make money as an affiliate? Well, yes all you really need is determination and dedication. Use our building a web site guides and start making money with affiliate programs today.
Saturday, October 11, 2008
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