Affiliate Marketing What Is It
If you sell a product you can allow someone to get a percentage of that sale price if they sell it for you.
The seller is the one who is selling the product. The vendor is the products creator.
The vendor is able to sell more product. The seller gets a percentage of the product price for their trouble. They don't have to bother with packaging, refunds or customer service. They just have to drive customers to the vendor.
There are various different ways sellers can be tracked. Usually through an id code which gets inserted into a cookie- a tracking bit of code that allows the vendor to know who sold the product.
It sounds awesome, and it is. But there are pitfalls. Here are some of the most common:
- As a seller you have to make sure that what you are selling is profitable enough for you to do it.
- You can still get refunds as a seller
- What happens if the vendor stops affiliate selling, changes their terms or you find out the product is really bad in the long run?
- Due to the potential large profit margins, there is also a lot of competition
- It is very easy to promote a product that you have no clue on. But it never helps. Having an idea of the topic or niche that you are selling in is always a good idea.
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