In generic form, Affiliate Marketing can be defined as a
process in which different brands club together and post ads of other
associated brands on their website. When an e-retailer start online trading, it
is understandable that he may suffer shortage of funds, scarcity of resources
etc. So it becomes extremely difficult for the retailers to promote their
website and seek customers’ attention. Lack of marketing can result into poor
customer attention and lower sales, and no e-retailer would wish to undergo
such losses.
Promotion of the website is as important as any other prior
technical task. So no retailer is in favor of avoiding this aspect. Affiliate
Marketing is seeking a lot of attention of e-retailers nowadays, and it is
deemed as most effective promotional stunt. Small companies are grouped under
one brand name and link to their affiliated sites are given. Consider the
example: A, B and C are affiliates of one big brand D. Now D will do the
marketing of all its affiliates and all the customers visiting D can get access
to A, B and C as well. In this way, all the affiliates will get back-links to
their personal websites and can enjoy more sales.
Before you plan to begin with the marketing, key point to
consider is to find out all those brands that can help you with affiliate
marketing, maintaining the standard of your website. You can Google it and
compare the prices and services etc. Consider the proposals offered by companies
as these are also equally essential. Try and invest with the brands that offer
better incentives.
The brands are paid when sales are made. Commission prices
are also finalized after the sale only. This strategy is made to shun
unnecessary outlay during the service. So such clause should be transparent
with the affiliates and honest proposal should be made. Affiliate marketing is
genuinely very helpful to new or old e-retailers and the practice is heavily
adopted by all the businesses.
