What Is Affiliate Marketing?

We always hear people talking about Affiliate Marketing or even using Networking Marketing and Affiliate Marketing interchangeable. What is really Affiliate Marketing? According to Wikipedia, Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. The industry has four core players: the merchant (also known as ‘retailer’ or ‘brand’), the network
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(that contains offers for the affiliate to choose from and also takes care of the payments), the publisher (also known as ‘the affiliate’), and the customer.

How To Start Affiliate Marketing Business?
Affiliate marketing gives you the opportunity to earn a commission by selling products or services offered by other companies. It’s a great way to supplement your income from the convenience of your own home. It is critically important that one should consider following the activities when starting the affiliate marketing:
Become An Affiliate – research the affiliate programs that you want to promote that offers products or services in your niche. There are numerous profitable affiliate programs like Amazon, Clickbank, Commission Junction, just to name the few.
Join An Affiliate Program – based on your research outcomes, select and join an affiliate program that is appealing to you. It’s almost always free of charge to join an affiliate program.

Start a website relevant to your niche – many companies will want to know the URL of the website that you’ll use to sell their products. They do this because they want to ensure that the content on the website won’t hurt the company’s reputation.
Add affiliate links in your content – one great way to get paid commissions without appearing to sell anything is add affiliate links within your content. That way, when people click on the link, they’re taken to the company site and, if they buy, you’ll earn a commission.

Continue producing content relevant to your niche – you need to keep people coming back to your website, don’t you? If so, then you need to keep on producing original content that’s of value to your visitors.
Use analytics to measure your success – you can think of analytics as information about what you’re selling, how you sold it, and to whom you sold it. Fortunately, most affiliate marketing sites offer helpful analytics so you can get an idea about what’s working well for you.

7 Big Mistakes New Affiliate Marketers Make
According to numerous studies, books, mentors, trainers and experienced Affiliate Marketers have come to the conclusion that there are 7 big mistakes new affiliate marketers make, which include:
Selling Rather Than Helping;
Joining Too Many Affiliate Programs rather than focusing one or two opportunities;
Joining Affiliate Program without Researching or Testing
Not tracking or measuring performance of the products or services;
Not comparing products, best way to achieve positive results is to take three products and compare them with the main product;
Claiming that have made money online, even they haven’t a dollar – that is a false advertisement;
Not focusing and quitting to quickly.
Four Myths About Affiliate Marketing That You Need To Know
There are lots of myths out there surrounding affiliate marketing, and these can frequently cause brands/businesses to pass on these kinds of programs. It’s important you understand some of these myths so you can make the correct decisions for the future growth of your business.
Affiliate systems are quick and easy to manage,
You need to work in a very popular and lucrative niche to make affiliate marketing work for your business.;
Affiliate marketing is a strategy of yesterday;
Success in affiliate marketing comes from getting your product on as many sites as possible.
Although studies show that affiliate marketing isn’t easy, as you remember to foster relationships, focus on your niche, focus on a few key affiliates, and create a system that generates performance for both the advertiser and the affiliate you can drive profit and conversions for your small business.