Using Affiliate Marketing To Promote Your Business
Even if you are already using the Internet to market your business, you
should consider adding affiliate marketing to you Internet marketing campaign. Affiliate marketing, when done
right, can yield a great deal of positive results for your business. Furthermore, even when affiliate marketing is
not done right, it will not likely be financially detrimental to the business. This is because affiliate marketing
is essentially an advertising program in which you only pay the affiliates when their marketing efforts yield
financial results for your business. This article will take a look at affiliate marketing and explain how it works
and how you can maximize the benefits of affiliate marketing.
Affiliate marketing essentially involves having website owners, known as affiliates, post
advertisements for your website on their own website. You can lear more about affiliate marketig by checking out
the Internet marketing blog at www.jeremyburns.com for weekly updates. Affiliate advertisements encourage visitors
to click on the link and visit your website. The advertisements are specially coded to allow you to determine how
many visitors enter your website through this advertisement. Unlike other types of Internet advertising where the
business owner pays for the opportunity to place the advertisement on the website, an affiliate program does not
work this way. Instead the affiliate is paid when the advertisement yields a desired result.
Affiliate advertisement can work on a pay per impression, pay per click, pay per lead or pay per
sale basis. Pay per impression means the affiliate earns a profit each time the affiliate advertisement is served.
This means for each unique visitor who views the advertisement the affiliate is given a predetermined amount of
money. This amount will depend on a number of factors and will be agreed upon by the business owner and the
affiliate before the advertisements begin appearing on the affiliate’s website. Pay per click programs reward the
affiliate each time a visit clicks through the advertisement. Pay per lead programs reward the affiliate when a
visitor not only clicks on the advertisement but also performs a desired action such as filling out a survey or
registering with the website. Pay per sale programs reward the affiliate each time a visitor clicks through the
advertisement on the affiliate’s website and also makes a purchase during this visit. The compensation plans
associated with affiliate programs are so desirable because the business owner can have a number of affiliates and
they only have to pay these affiliates if the advertising on the affiliate’s website is effective.
Affiliate marketing does not always work. When seeking out affiliates it is important to look
for a number of different factors. An affiliate with a great deal of experience, a website with high traffic and a
proven track record for producing positive results will likely be a good choice for an affiliate marketing program.
These affiliates rely on their advertising knowledge to promote the businesses and do not necessarily have to
understand the business they are promoting. Another excellent choice for affiliate marketing is to select another
business that is closely related to your own business but does not compete with your business. This is a good idea
because they may share your target audience and their website visitors will also likely be interested in visiting
your website as well. For example if you sell running shoes you may wish to run an affiliate marketing campaign on
a website that promotes road races such as marathons, half marathons, 10Ks and 5Ks. This website does not directly
compete with your business but they are likely to attract an audience that would be interested in and have a need
for your products or services.
Deciding whether or not to implement an affiliate marketing campaign is easy. As we previously
mentioned there is very little risk in this type of campaign so it is worthwhile in just about any situation. A
more important decision to make is how you plan to compensate your affiliates. The compensation for pay per
impression programs is typically pretty low because your business is not necessarily generating a sale from each
impression. Conversely, pay per sale programs usually compensates the affiliate better because the business does
directly generate a profit from the advertising on the affiliate’s website. This amount may a flat fee or a
percentage of the sale depending on the affiliate agreement.
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