Monday, July 27, 2009

Make Money with Affiliate Programs

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 one.
This news story is intended to teach you step by step how to get started & more importantly, make funds using affiliate marketing. they will teach you how to start a home based affiliate business. leave us comments, questions, or success stories so that they can improve this guide. You will find other affiliate related guides & articles on the lower category of this page.
First, let's take a look at the overall concept of Affiliate Marketing. The method starts when a company has a successful product to offer. The company will build a web site & offer that product to the consumer (or web 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.
Affiliate Marketing is three of the best ways to make currency online because there is little to no scamming or fraud. In fact, plenty of home based affiliate business owners rely on affiliate marketing for their entire income.
This is where you, the affiliate marketer comes in to play. As an affiliate you will have or build a web site that generates traffic & then "refer" part of that traffic to a partner company. The program works well for both the company selling the product & the affiliate because both parties make currency in the method & each helps the other become more successful.
For the purpose of this news story & the aim of assisting you to make currency with Affiliate Programs, they will only be looking at the Cost Per Lead (C.P.L.) commission structure. A C.P.L. program is advantageous because you basically require 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:
Here is a rough example: Let's say that a company offering a "make currency 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 & sales, that three in eight customers will buy their product or "convert" as it is commonly referred to. they can then offer an affiliate a certain amount of currency (we will use $16.00 for our example) for each person they refer to their web site that generates a 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.
So, if an affiliate gets 100 people each month to click on an ad & 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 & it will have only cost them the $1600.00. Again, both the company & the affiliate succeed in with this technique because the company has extra sales it would not have had without the home based affiliate business & 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 somebody make currency as an affiliate? Well, yes all you require is determination & dedication. Use our building a web site guides & start making currency with affiliate programs today.

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