Now, what exactly is Affiliate Marketing? It means many things to many people depending on how involved they are in the business. It is nothing new or completely novel. Affiliate marketing in its simplest terms means referring people to buy a product or service in return for a commission from the product seller or service provider.
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“Affiliate Marketing is the process of promoting products or services online or offline in return for a certain percentage as commission for each successful sale from the merchant.”
That is rather simple and straightforward. It can be used for any business. That is exactly why many and varied businesses like Financial services companies such as insurance companies, banks, and asset managers have been using a variant of it for decades to build their businesses. Even though some of these businesses like to call their affiliate marketers such fanciful names as independent marketers, and call the commissions they pay out, performance bonuses, but the bottomline is, it is still affiliate marketing. Affiliate Marketing may have been around for decades, but its popularity ballooned when the internet happened. With the internet and proliferation of web technologies, affiliate marketing became simpler, attracting more interest from diverse people.
With the internet, Affiliate marketers no longer had to go knocking door to door to make a sale. They can simply unleash the power of web technologies to promote the products or services of their clients. That is one real advantage over traditional door-to-door salesman marketing methods. The internet also ensures that you are no longer restricted to your region to make a sale. That makes it possible to expanding your reach widely and increasing your potential sales volume as a consequence. If you have access to the internet, you can simply sit in your own little corner of the world and successfully sell products to people all over the world. Same way, you also get paid and receive your commissions as well through same web technologies. All these combine to make Affiliate Marketing a really very exciting type of business.
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