






According to Entrepreneur.com, affiliate marketing is "a way for a company to to sell its product by signing up individuals or companies "affiliates" who market the company's products for a commission." Building partnerships with companies through affiliate marketing provides several advantages to small business owners and bloggers.
1. YOU MAKE MONEY
Companies understand the value of "word of mouth" in a traditional and digital sense. Plenty of corporations provide incentives to people for business recommendations. Imagine if getting paid for your recommendations was as easy as providing a link to your audience in a blog or web page...
It really is just that easy.
2. YOU DO IT ANYWAY. WHY NOT GET PAID?
People communicate information about their buying experiences all the time, whether actively or passively. Active ways of sharing your positive experience with a brand is wearing apparel or using promotional items with their brand. Another way is writing reviews on social media. Business owners occasionally have to recommend products and services to customers in order to fulfill the client's request. Affiliate marketing allows you to get paid every time you share information that results in a sale.
3. IT'S PASSIVE INCOME
How often do you make money in your sleep? Not many people can say that ever have or even do it often. In fact, about the only people who can make money in their sleep are people who take advantage of earning passive income. Customers get to shop for products without having interaction with you. You never touch the product or the customer's money, but you still get paid for it. If the product or service is subscription based, you could even earn residual income from the affiliate partner.
4. MAKE MONEY WHEN YOU SHOP
What's better than making money off of yourself when you shop? If you are getting paid when your customers place an order through your affiliate link, surely you can monetize your own online behavior. Affiliate Marketing allows you the opportunity to shop from your own referral link. If you have already purchased the product or service, then you have more insight to share with the customers about how it can benefit them.
5. POTENTIAL FOR BUSINESS GROWTH
Many companies that have affiliate programs also have reseller programs and white label opportunities. Reseller opportunities include you actively marketing and selling as an independent product representative. White label involves a license that removes all corporate branding from the product and offers it to you at wholesale prices. You can sell it under your brand name, provide an up-charge to receive a profit, and even add it to your organic business services to expand your product mix.
6. IT'S EASY
With affiliate marketing, someone else does all the work. The only thing you are required to do is share information. Affiliate links have cookies, which are website trackers that allow analytics to track website activity and repeat visits. Most companies offer a window of opportunity for repeat visits within a specified time frame to ensure that you get paid for your referral.
7. BUILD CREDIBILITY
Partnering with well-known, successful companies for affiliate marketing builds your brand's credibility by associating you as a buying resource for their products. The links provided by affiliates, which are embedded into your website, are also used by search engines. If people anywhere on the web search for the product you are recommending through your site, your website will come up as part of the search results. Blogging is a great way to add traffic to your website through affiliate links.
For more information on affiliate marketing, contact Marci B. Marketing & Management at 248-838-9458 or marci@marcibmarketing.com.
248-862-1372
Copyright 2024 SYNC Digital Agency. Privacy Policy and Terms of Use