Welcome to our series on affiliate marketing training. We are going to talk about the business, a business that has grown to a seventeen-billion-dollar industry.
A Brief History
History tells us affiliate marketing was patented in 1989 by outsourcing the sales process. It hit the internet in 1994. Amazon jumped in around 1996 as the first merchant to offer an affiliate program which would become the model for subsequent programs. The affiliate program called Amazon Associates were instrumental in moving Amazon out of the books only business into the e Commerce retail giant they are today.
Compensation Methods:
Affiliate marketing is a type of revenue sharing or an extension of commissioned sales with three types of compensation.
First. The predominant compensation method. In this category eighty percent of affiliate programs use a pay per sale method or P P S.
Nineteen percent in this category use a cost per action, C P A. The remainder use cost per click or cost per mille which relates to cost per one thousand views.
Second method is the diminished compensation method. This group uses display advertising and paid searches.
The third compensation method is the performance or affiliate marketing category. This is where we will focus our attention for this training. You will be an influencer for the business niche you decide to represent and receive a commission for your effort.
Passive Income
For many, the ultimate career goal is to achieve a passive income. A passive income, as we said, is one which requires little to no work to achieve a revenue stream. This leads to a whole range of amazing opportunities. Whether it is a side hustle, early retirement, or simply the freedom to live your life however you please, there’s no doubt that the chance to earn a passive income is achievable in affiliate marketing. Affiliate marketing has a spot for you.
Where do I fit in? How do I achieve a passive income?
Good question. For many, it seems just a nice dream. But, this doesn’t have to be the case. If you want to achieve a passive income and start living the life that you’ve only been able to imagine before now, you may be surprised to hear that it is closer to your reach than you think. With online shopping becoming more and more popular across the globe, affiliate marketing is becoming the pathway of choice for those looking to reach the goal of a passive income. With an increasing number of companies selling their goods and services online, this provides opportunity for affiliate marketers. This allows regular people to start home-based businesses. You can achieve a passive income by simply promoting and selling other people’s things and receiving an income stream.
Getting Started…