Affiliate Marketing Variants
There are three prominent variants an affiliate can choose from.
1. Pay-Per-Lead: With this variant, an affiliate gets paid for each piece of information their unique affiliate link produces. Technically, a lead can be any action the merchant values, such as a sign-up, a download, or any other activity that may lead to a sale.
2. Pay-Per-Click: With this variant, irrespective of whether a sale is made or not, the affiliate is paid a commission for each click made through their unique affiliate link.
3. Pay-Per-Sale: Pay per sale is about the most popular affiliate marketing variant among digital marketers. In this variant, a commission is earned only when a sale is made. Affiliates earn a percentage of every sale completed through their unique affiliate link.
Now you know how affiliate marketing can earn you money, right? Come with me let’s find out how the business can be set up and operated.
How Affiliate Marketing Operates Step-By-Step
Step 1: Sign up free on a unique affiliate marketing program like Strong Future International, SFI and get assigned a unique affiliate marketing link.
Step 2.This link has a unique code that keeps track of all the sales you generate.
Step 3: Next is to promote products very widely on the internet. For products promotion, you can use various marketing methods. Most popular of these methods are, your website/blog, your accounts on popular social media platforms, email campaigns, and or paid advertising.
Step 4: The affiliate program accurately tracks and credits your unique code when a prospective customer clicks on your affiliate link anywhere online. When this click leads to a purchase, the sale is logged for you.
Step 5: At periodic intervals, which in the case of SFI is monthly, all the commissions due to you as an affiliate are computed and paid out to you. Simple and straight forward isn’t it?
Random Benefits of Affiliate Marketing
- Product merchants have their products promoted widely.
- These products gain wider exposures to broader audiences.
- Merchants get more leads and conversions as a result.
- They make more sales.
- Affiliates earn good commissions for work done.
- Marketing costs drastically reduce for product merchants.
- Content creators earn good money as affiliates.
- Influencers earn money as well from affiliate marketing.
- Affiliates can monetize their content and generate passive income.
Summary
Affiliate marketing can become a lucrative online income source for anyone willing to try their hands on it. All you need do is to sign up with a reputable affiliate marketing program like Strong Future International, SFI, promote any products of your choice and start earning commissions right away. The program provides free training, lends you free marketing tools including your unique affiliate link, handles customer care for you, computes and pays your commissions monthly. Simple isn’t it?
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