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Introduction
Did you know that you can easily generate a 6-figure income without ever having to create a product of your own, and without a well-known name or brand?
It’s true! Every day, thousands of affiliates are earning a full-time income from affiliate campaigns that drive sales from both small and wide-scale product launches.
They also make money in many other ways, apart from direct promotion. Affiliates focus on building their own list so that later, if they decide to create their own product, they already have a built-in customer base!
With nearly a zero-startup cost involved, and no risks, there are absolutely no downsides to becoming an affiliate marketer.
Let's take a closer look at just a few of the many advantages of becoming an affiliate marketer:
You don’t need a product of your own.
You don’t need a website of your own.
No customer support is required on your end.
No shipping, inventory or overhead involved.
You can work at your own pace.
You can venture into multiple niche markets easily.
It's easy to see why affiliate marketing is such a viable, and popular method for building a successful online business!
In fact, whether you are a complete beginner with little experience, or you’re a seasoned marketer looking to maximize your income, affiliate marketing is an incredible source for passive income and unstoppable profits.
In this special report, we’ll work through the terminology associated to affiliate marketing so you can gain a better understanding before you dive into this million-dollar marketplace.
Are you ready?
Let’s begin!
Affiliate Marketing 101
Before we dive into the terminology associated with the affiliate marketing space, let’s take a quick look at what affiliate marketing is.
Affiliate marketing is often considered by many to be the "gateway" into the world of online business. One of the reasons why affiliate marketing is so popular is because of just how easy it is to get started.
Regardless of your experience, or your skillset, you can make money as an affiliate in just a matter of a few days.
In fact, one of the most lucrative aspects of affiliate marketing is just how fast and easy it is to begin building profitable campaigns that will generate non-stop profits very quickly.
In affiliate marketing, there are three main players:
1: The Creator
2: The Affiliate
3: The Customer
It's the creators job to develop the product, build the website and sales funnel and to provide affiliates with the tools and information they need to order to effectively promote the website.
Affiliates form the bridge between the merchant and the customer, by developing targeted campaigns that recruit leads, and funneling that traffic directly to the offer via an affiliate link.
Affiliates are then paid a commission on every referred sale, most often, a 50/50 split, meaning that you’d earn 50% commission for every sale made.
If you want to jumpstart your affiliate marketing career so you’re able to start making money quickly, you should grab a copy of Super Affiliate Secrets, a world-class coaching program, available at: https://promotelabs.com/sas
This all-inclusive course will teach you everything you need to know to generate a steady income in affiliate marketing, and best of all, it was created by super affiliates with many years of experience, so you’re learning from the pros.
Here are a just a few of the many actionable strategies shared inside this premium course:
The secrets to positioning yourself as an expert authority in any niche market.
Top strategies for getting more affiliate sales by adding value to an offer.
Discover a little-known tactic for making money when delivering a free bonus gift.
Get three keys to creating big commission checks.
Learn four secrets to choosing profitable products.
Get four tips for boosting your affiliate income.
Find out which tool you can start using today to level the playing field between you and the super affiliates – and start crushing the competition!
I highly recommend signing up for the course if you want to minimize the learning curve so you can start making money faster.
Here’s the link again: https://promotelabs.com/sas
Affiliate Marketing Terminology
If affiliate marketing sounds like something you’d like to get involved in, you’ll want to brush up on the most commonly-used terms associated with this multi-million-dollar industry.
Here are some of the terms you should know:
Affiliate Program:
An arrangement in which the advertiser pays a commission to an affiliate for each sale captured via their website or advertising link.
The commission model is based on actions performed by users, usually involving lead generation, subscription to a service, a direct one-time purchase, or other actions.
The advertiser will utilize performance-tracking software to track the users’ actions and the affiliates who have assisted in that process.
Many service providers run their own affiliate program, which means they buy traffic for themselves to increase their own profit.
Affiliate Manager
An Affiliate Manager is any person who communicates with the affiliates. They often create offers and take care of maximizing performance of the affiliate program.
Advertiser
This is a person or organization that owns a business and offers services or products to customers.
Advertisers are willing to pay affiliates for each new lead or customer they bring. This helps them promote their brand and acquire new customers.
Affiliate Network
An affiliate network acts as an intermediary between affiliates and advertisers. Affiliate networks allow affiliates to easily find and participate in affiliate programs suitable for their inventory.
Advertisers who offer affiliate programs work with affiliate networks to reach larger audiences (i.e. all affiliates participating in the network).
If you’re looking for a top affiliate program that not only provides instant access to top performing creatives and done-for-you email swipes, but also offers a free affiliate newsletter that provides powerful training tips and strategies that will help you maximize your income, you’ll want to join https://promotelabs.com/affiliates
Bonus Offers
In affiliate marketing, you are competing against other affiliates, who quite often, may be advertising to the same group of customers.
This is where the power of bonus offers comes into play.
Affiliates will often offer bonuses to persuade a customer to purchase through their link rather than someone else’s. Typically, the bonus adds additional value to the product that is being promoted. In other words, it is relevant, in the same niche/topic, and serves as an auxiliary component.
The greater the perceived value, the easier it will be to convince people to purchase through your affiliate link. Therefore, it’s very important to learn how to create high-quality bonuses that stand out and capture the attention of your target audience.
Building your bonus offer doesn’t have to be a difficult process, but does require some knowledge of design and/or content creation.
One way around this is to use a program like Commission Gorilla, which simplifies the entire process of creating affiliate bonus pages. They’ve essentially done the heavy-lifting for you.
Commission Gorilla is available at https://www.CommissionGorilla.com
Cookies
In affiliate marketing, cookies are used to identify a visitor who has clicked on an affiliate link. It’s simply a form of tracking.
Cookies are usually assigned for a specific period of time. If the visitor returns within that timeframe, the affiliate marketer will be paid for the sale, whether or not the visitor uses the affiliate link to complete the purchase.
CTR
Your Click-Through Rate (CTR) is the percentage of website clicks for the number of advertising impressions displayed to visitors or bought from other networks.
CPA, CPS, CPL & CPC
Cost Per Action, or CPA, is the cost of an action carried out by a visitor. An action is almost always a form of conversion (see below).
A visitor either purchases the product or shows an interest in it. This is also referred to as Cost Per Sale (CPS) or Cost Per Lead (CPL), respectively.
Cost Per Click (CPC) is a payment model for online advertisements. Each time the ad is clicked, an amount will be paid to the advertiser.
Cost Per Action (CPA) is a payment plan where advertisers pay their affiliates for conversions only. If a sale is not made, the affiliate is not paid.
Campaign or Offer
This is the promotion of a product or service. Offers are created by affiliate managers or product owners, and usually contain all relevant information about the payout model, commission offer, and best marketing practices.
An Offer URL is the final URL where the visitor will land after clicking the promotion link or banner. This is your landing page where they will find your offer or campaign.
Conversion
This is usually a target action of the end user, defined by the advertiser. It can be a subscription to a service, lead generation, sale of a product, or installation of a mobile application.
Conversion is the final goal of advertising and is the event the affiliates will be paid for. In other words, the consumer has now been converted into a paying customer.
The Conversion Rate is the percentage of website clicks that converted (turned, changed) into a lead or a sale.
For example, if one in every hundred visitors to your site makes a purchase, then your conversion rate would be 0.1%.
Data Feed
This is a file containing lists of all the products an advertiser sells, including prices, images of products, descriptions, and affiliate links for the products.
Disclosure
This is a notice on an affiliate’s website or blog, notifying visitors that the affiliate is being compensated or paid for sales, recommendations, endorsements, and advertisements of a product and/or service on their website or landing page.
This is an important part of your marketing campaign because it’s required to comply with FTC laws. You should place this statement towards the top of your landing pages before you mention the affiliate offer.
Tracking Link
This is a unique URL to which an affiliate sends an audience for a particular offer. It can also be called a click tracking link or affiliate link.
Third-Party Tracking
This is the principle of notifying affiliates in real-time for every conversion. When a new conversion (or sale) is received, affiliate software automatically sends a conversion notification to tracking systems at the affiliate site or other third-party systems.
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