In the past 20 years, the world that we live in has evolved exponentially, technological breakthroughs have fuelled this evolution and are still continuously doing so. One such advent was the arrival of internet. Internet started its journey as a slow and unreliable tool mainly targeted at academicians for research purposes but since then it has grown in both size and services. Today it touches almost every aspect of our day to day lives. From medical field to military operations, from high speed communication to global navigation, its applications can be experienced everywhere. The internet has continuously contributed to the radical changes in many facets of human endeavours, including the commerce.
It is a well documented fact that internet grows by over a million pages every day. From personal entertainment to professional training, internet has become one universal service hub.
The unparalleled effect that internet had on commerce can be very well understood by studying the industrial and economical growth in late 90s, this period of high economic growth is referred to as “The .com bubble”. It won’t be wrong to say that internet made a million millionaires.
Anyone can benefit from the untapped potential of services that internet has to offer. With a bit of effort, knowledge and right attitude, anyone can earn a decent income from internet.
If you think that only business men with deep pockets can reap profits from internet then you have the wrong idea and probably the wrong attitude too. Anyone can make money online, even if you don’t have a product of your own to sell. Such an opportunity is presented by Affiliate marketing.
In the affiliate marketing model, the revenue from a sale is shared by both the vendors and the affiliates. The affiliates are basically rewarded for their efforts of driving in the customers to the retail website. Many businesses have benefitted from Affiliate marketing, the most notable example of them all is Amazon.com. An Affiliate marketing model consists of 4 primary participants.
1. The Merchant who sells his products.
2. The affiliate who provides his website for advertisement.
3. The network that provides the technology and resources for the system’s implementation.
4. The customer or the buyer who makes a purchase.
In order to succeed and extract profit from the affiliate marketing model, first you need to do these three things.
1. Identify what you are passionate about or what you are interested in.
2. Find a good affiliate program and create a website.
3. Continue to educate yourself.
In order to be successful and...