If you are searching for a way to increase your income from the comfort of your home, well, affiliate marketing might be the thing for you. It is a cheap method of making money, the thing is that you don’t really sell anything. The real question is, how are affiliates getting paid after the consumers and the seller are connected?
The answer to that question might get quite tricky.
It is not always required for the consumer to purchase the particular item in order for the affiliate to receive some money. How is the affiliate getting paid heavily depends on how the affiliate’s contribution affects the seller’s sales.
The ways for one affiliate to get paid are as follows:
1. Pay per sale.
This is the most encountered affiliate marketing structure. When utilizing this program, the affiliate receives percentage of the product’s cost when the customers purchases the product, of course, when it has resulted from the affiliate’s marketing strategies. Otherwise said, the affiliate must persuade the consumer to buy the product before they receive any payment.
2. Pay per lead.
Pay per lead is a more complicated system than the pay per sale. Here the affiliate is compensated depending on the conversion of leads. The obligation of the affiliate is to make the consumer visit the merchant’s website and execute a particular action, such as, signing up for a trial of a product, downloading software or files, filling out a contact form, or subscribing to a newsletter.
3. Pay per click.
Here, the mechanism of the program is pretty simple. In order for the affiliates to get paid they must redirect potential clients from their marketing platform into the merchant’s website. In other words, the affiliates must persuade the consumer to go to the merchant’s website from their marketing platform. Affiliates get rewarded depending on the increase of traffic they generate.