Affiliate Marketing what is – Affiliate marketing in simple words is selling someone else’s products and gaining revenue from it. So, for example there is a fashion brand that sells its products and you sign up with them as an affiliate marketer.
Affiliate Marketing what is
Your job here is to sell their products through your effective marketing tactics. The main selling price of each item goes to the original fashion brand but you get a certain decided amount of revenue on each of the sale. So, the affiliate marketer basically earns not from designing clothes, not from making a brand, but just from his marketing and promotional skills.
There are two main parties involved in this process
#1 The Merchant
The merchant here is the owner or the creator of the products. He is the one who wants the help of affiliate marketing on his products so that he earns more with the help of more people. A merchant can be a start up, a very well known big company, or an individual seller.
#2 The Affiliate Marketer
The affiliate marketer is the one who collaborates with the merchant or the seller or the creator of the products. He sells the products of the creator through his marketing tactics through his own platform be it social media, house to house selling etc, and promotes the original products. This way he gets certain revenue while selling the merchant’s products. An affiliate marketer can be an individual or even a full-fledged company.
The other involved parties are
#3 The Consumer
The person who buys a product and makes a purchase from the affiliate marketer is the consumer. It totally depends on the affiliate marketer whether he wants to tell his customers whether he is doing affiliate marketing or not. But, the cost of the products at affiliate marketing is usually higher because the retail and the affiliate prices are involved. Hence, a lot of them do not let the customers know it.
#4 The Network
The Network system is important in the whole affiliate marketing equation. It is the network system that works as an intermediary between the affiliate and the merchant. The network also serves as a database for a lot of products.
Hope in this article “Affiliate Marketing what is” every thing is clear if you have any question then contact us right now.