Affiliate Marketing Program
One of the most powerful marketing channel online is by affiliate marketing. Essentially, this means that you have other site owners related with your business referring leads to your site. In return, you reward your affiliate merchants a small percentage of sales revenue as referral fees.
Affiliate marketing has long been a useful marketing technique online. As your store is constrained by the space of a domain name, affiliate marketing provides a powerful solution where you can reach millions of Internet users. Amazon's success did not lie in the quality of its books. In fact, Amazon has become powerful as it is today due to its successful affiliate programs. Today, it has more than thousands of active affiliates selling its products. This has made Amazon the largest bookstores online.
Basically, there are 2 types of affiliate programs online:
1) One tier affiliate program
This is a simple arrangement whereby the affiliate will earn a one time commission for its referral effort. He/she is not allowed to recruit more affiliates.
2) Two tier affiliate program
Here, the affiliate not only earn a commission for his/her direct referral effort. He/she also gets a percentage commission from co-affiliates recruited by him/her. Those familiar with multi level marketing will understand this system well.
You can find a popular marketplace for affiliate programs at www.cj.com
At Singaporewebdesigner.com, we can design an affiliate program for your site. Feel free to contact us for details.
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