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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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Introduction

The technology behind cryptocurrencies like Bitcoin could revolutionize the way business is conducted.

This technology is called blockchain—and it’s the backbone technology of Bitcoin and other cryptocurrencies.

Blockchains have mostly been used to underpin cryptocurrencies, but there are many other possible uses emerging.

In fact, this powerful technology can add new layers of speed, security and can even lower costs associated with payment processing, but that’s only scratching the surface.

In this special report, we’ll take a closer look at some of the ways blockchain could be integrated into your current business, or help you launch a new one.

Let’s begin!

Blockchain 101

Before we consider the different ways blockchain can help your business, it’s important you understand exactly what blockchain really is.

“Simply put,” says BDC senior economist Gillian Ellas, “blockchain is a continuously updated digital record of who holds what.”

Records of each transaction—the date and time, dollar value of the transaction, and the participants involved—are all encrypted into a “block” that is linked to other blocks, forming that blockchain.

So, you first have information, like a deal between people, which is then added to other records to make a block. The final product is all the blocks linked together in one long “chain.”

Let’s look at it more simply, with examples.

Suppose Mr. A is selling three coins to Mrs. B for $75. The computer record will list all these details, including digital signatures from both Mr. A and Mrs. B. The record is then checked by the computer network.

The computers in that network (called “nodes”) check the details of the transaction record to ensure that it’s valid.

Records that are accepted by the nodes are added to a block. Each block also contains a unique code called a hash, as well as the hash of the previous block in the chain.

These hash codes allow the blocks to be linked together in order on the chain.

This hash code is created by a mathematical function that takes digital information and creates a string of letters and numbers from it.

No matter what size the original file may be, a hash function will always generate a code that is the same length as all the other codes.

For example, a tweet message is far shorter than a novel like The Lord of the Rings, yet they both would have a hash code of the same length.

A blockchain database is shared across a network of computers, so no one computer contains the information. That network is constantly checking the information to ensure that all the copies of the database are correct.

Once a record has been added to the blockchain, it’s very hard to change it. Any changes to the record will generate a new hash code.

So, if someone decided to edit The Lord of the Rings and removed a single comma, the resulting edit would have a whole new hash code.

This is why it’s so hard to hack a blockchain. The blockchain will still have the original hash code embedded in it, so for a hacker to restore the chain, he or she would have to recalculate that—and the next hash code, and the next, and so on.

Recalculating all those hash codes would take a hacker an enormous amount of computing power (not to mention the time).

One of the reasons cryptocurrencies are so fascinating is that there’s no central authority controlling the blockchain. Each person in a blockchain has the capability to access the same information. This provides transparency and continual reconciliation.

And, since the blockchain exists on many different computers without a centralized version of the information, there’s no central database a hacker can attack.

This means you no longer need a trusted third party to verify your information and process your transactions. You do, however, need some way to trust the other parties.

Members of a blockchain are anonymous and there’s no real way to tell if they’re trustworthy or not. To resolve this issue, blockchains set tests for the computers who try to join the network. These tests are called consensus models.

The consensus model tests require a computer to “prove” themselves in one of two ways.

Proof of work requires a computer to “work” an increasingly difficult computational puzzle in order to add a block to the chain.

This process, which is called mining, takes a lot of computer power. In return for this work, members may receive rewards like tokens or bitcoins.

With proof of stake, on the other hand, participants buy tokens that allow them to join the network. The more tokens they have, the more they can mine.

Real-World Examples

The financial services industry is one of the areas beginning to utilize blockchain technology to save on cost and develop new services.

Financial institutions have been investing in blockchains to simplify their record-keeping for payments and other transactions.

One recent example is the Australian stock market, which announced they’d be using blockchain to settle transactions. “This technology,” says Gillian Ellas, “will be used to record shareholdings and manage the clearing and settlement of equity transactions.”

Another financial example is a company called Abra, a money transfer platform that lets people working abroad send money home in 54 different currencies.

The money transfers are fast and cheaper than a traditional service like Western Union, which charges an average of 7% of the amount of money sent, according to the World Bank.

A third blockchain project involves the World Wildlife Fund and three other companies that are working together to sustainably source tuna in the Pacific Ocean.

These companies are ConsenSys, a blockchain company, TraSeable, an information technology firm, and SeaQuest Fiji, a tuna fishing and processing company. The four together are utilizing blockchain to track where, when, and how the tuna are caught and sold.

Blockchains are also the basis for cryptocurrencies like Bitcoin and Ethereum, which can be bought and traded like traditional assets. And recording trades on a blockchain offers a way to check the history of a product.

An additional example would be jewelry companies, which hope to assure customers that their diamonds are not from a place where their purchase might finance war.

“Several major companies are investing in blockchain,” says Ellas, “including Microsoft, IBM (with more than 400 blockchain projects around the world), Unilever, and Toyota.”

Blockchain could also be useful in property records. Storing land records on a blockchain might cut way down on costly title research and insurance, and in politically unstable areas, it could prove ownership.

The healthcare field is another area where blockchain records would prove useful. Your medical history could be securely stored and controlled by you rather than by your doctor.

Finally, blockchain technology could create tamper-proof election returns. The advantages of this should be fairly obvious, especially in the United States.

How Blockchain Can Benefit Your Business

As small businesses seek better and more efficient ways to serve their clients, blockchain can be especially useful as a way to conduct transactions and even to raise capital.

The cost to incorporate this technology is far less than you might assume.