In today’s digital world, it is safe to say we all mostly live online. May professions even have been rendered obsolete as a result of the digitization of the globe.
Not all is black though, many newer and perhaps even better opportunities have manifested as a result making way for professions like Affiliate Marketing. If you are really wondering what exactly affiliate marketing is, it is indeed a great question and it is one we will attempt to answer in this article.
With so many great products available, in this consumer-based world, you could choose anything you like and start promoting. No limits, no restrictions, no cap. The sky is the limit and there is no reason to stop at five or even ten for that matter. Where the creator of one great product is pretty much forever signed to it, you can just keep adding to you basket of profitable goods.
When you choose your product, it is time for the application of some more technical knowledge. How does one begin to advertise anything? You do not own a TV Channel, but the truth also is you do not need one.
There are various channels from which you can get your message across. Let’s have a look at one of the less popular media channels used in todays’ marketing industry. It’s none other than SMS marketing. After you have generated and gathered your prospects in a single list (your form should obviously consist of a phone number field if you are to target your audience with SMS marketing you write a beautiful SMS and send away. Your prospects have already shown interest in your product and after an SMS or two, they should be buying whatever it is you are selling. The truth is it does take some time, persistence and patience to make a sale. People enjoy and appreciate consistency and if you give them that they will repay you.
Speaking of pay there are various payment schemes when it comes to affiliate marketing, one more profitable than the other. You have cost-per-lead (CPL), which is great because it resembles the impression scheme on social media. To make it simple you do not need to make a sale but drive people to leave their details for a specific offer. Another great scheme is the cost-per-activation which means you, as an affiliate, get paid every time you drive an individual to take the ultimate action and activate their subscription. And last but not least, new-share or revenue – share, a favourite for many affiliate marketers because once a prospect has activated their subscription, you benefit from any re-subscription over the lifetime of the client. This scheme obviously works with a percentage while the previous two go by a flat rate.
Hope you found this information interesting. Thank you for tuning in!