Affiliate Marketing(Getting started, terms, and various niches).

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Affiliate Marketing is the process of selling other people’s products, for a certain amount of commission. It can also be seen as a business model for delivering goods and services.

Terms in affiliate marketing.

Affiliate: An affiliate is an individual or a company that sells a product or service for a commission.

Affiliate marketing – a type of marketing that is based on performance.

In affiliate marketing, affiliates are paid for successfully promoting a product or a service.

For example, a person running a food blog can be an affiliate of an health company that wishes to advertise their products on that blog. 

Advertiser: A person or organization that owns a business and offers services or products to customers.

Advertisers are willing to pay affiliates for each new client or lead they bring. 

Affiliate Program: a model in which the advertiser pays commissions to affiliates.

The commission model is usually based on actions performed by users. It usually involves lead generation, subscription to a service, cost per action, pay per sale, cost per mile, etc.

Offers: are the products or services promoted and details of the products/services created by advertisers with the details given to the affiliate managers and they usually contain all relevant information about the payout model and marketing prices. 

Affiliate Network – acts as an intermediary between affiliates and advertisers.

Affiliate networks allow affiliates to easily find and participate in affiliate programs which are suitable for their various niches.

OFFER URL – the final URL where the visitor will land after clicking the promotion link or banner.

CONVERSION – an event generated by a user that an advertiser wants to pay for.

This is usually a targeted action of the end user, defined by the advertiser. It can be a subscription to a service, lead generation, sale of a product, installation of a mobile application. Conversion is the final goal of  advertising for which advertisers pay affiliates.

  TRACKING LINK: also called click tracking link or affiliate link, it is a unique URL to which a certain affiliate sends clicks for a particular offer. This is the advertised link, e.g. link behind the banner. When users click the banner, they go to that specific URL.

AFFILIATE MANAGER – a person who communicates with affiliates.

Affiliate managers take care of maximizing performance of the affiliate program.

COST PER ACTION (CPA): A payment model according to which advertisers pay their affiliates for conversions only.

COST PER CLICK (CPC) : A payment model according to which advertisers pay their affiliates for each click their online ads receive.

LEAD: a contact that has the potentials to become a customer.

 SEARCH ENGINE OPTIMIZATION (SEO): the process of getting a better ranking on the result of search pages like Google search, Yandex, Yahoo, Baidu, Bing e.t.c. The purpose is to achieve higher visibility and attract more traffic (web visits) to a website, resulting in more sales or leads.

CREATIVE – advertisement, ad, or banner.

There are many types of banner ads. Choosing the right type depends on the advertising channel, target audience and ad copy.

CLICK-THROUGH RATE (CTR): the percentage of clicks for the number of advertising impressions displayed to visitors or bought from other networks.

NICHE: An affiliate niche is simply a product or service that you can offer based on your field of business. 

Affiliate Marketing Niches:

  • Pets.
  • Fitness.
  • Fashion.
  • Gadgets & Technology.
  • Self-Improvement.
  • Investment.
  • Loans.
  • Gambling.
  • Beauty & Skincare.
  • Health & Wellness.
  • Travel.
  • Law.
  • Engineering e.t.c.

Disclaimer: All niches listed are not arranged in an order of profitability all niches are good to work with, it all depends on your abilities and area of interest.

Author: Austine