Affiliate Marketing
What is affiliate marketing? BI has recognized the importance of a passive income stream in the modern world in which we live. So it has strategically included affiliate marketing (AM) in its menu of offerings. This will allow you to make money from anywhere, anytime, once you consistently put in the required work.
Big Commerce Ply Ltd. (2024) suggested that AM is the process of earning a commission for marketing another person's or company's product or service. The process is simple. An affiliate searches for products or services that they believe will be in strong demand, then promotes the items and earns a part of the profit when they are purchased. The sales are tracked through the affiliate link from one website to another.
Assistance is here for you: The Burns Institute is here to support your online entrepreneurial business, so please contact us. If you need a helping hand in starting your AM business, BI is here to hold your hand through the process. Just identify a high-demand product or service that has a reasonable price tag, and we will guide you through the process. You can take your friends and families with you in this kind of business.
In AM, a triparty approach is required. There must be:
the seller and or product creator
the affiliate or advertiser
the consumer
Affiliate marketer Flynn (2009) offers three types of affiliates.
Unattached: These are affiliates who want to generate an income without investing in the product or customer relationship. Usually, an unattached affiliate runs a pay-per-click (PPC) marketing campaign.
Related: This type of affiliate is somewhat related to the niche audience. They influence the niche with a strong following and, thus, some authority. They have the expertise to generate traffic.
Involved: These affiliates are closely tied to the product or service that they are promoting. They have used the product.