Affiliate Marketing is something I’ve been learning slowly bit more and more. I’ve been doing client-work for as long as I can remember. (Client work being that I help market other people’s sites on the web). However, as I continue to read more, network, and meet with other people who are already successful in such an industry, it makes me want to further my horizons in such an industry. Lately, I’ve been meeting some really young people who are making 15 – 20 times what most people their age make in a week or month (yes literally). For those of you who read my blog (which I can’t imagine to be too many, and for those that do, probably don’t understand what affiliate marketing is), here is a quick defintion on it.
“Affiliate marketing is an Internet-based marketing practice in which a business rewards one or more affiliates for each visitor or customer”
In a nutshell, Blockbuster sells video/rental memberships, with plans varying from I think $10 / month – $30 / month. If you become an affiliate (advertiser) for the Blockbuster membership, and promote their plans on your website or in some way refer a visitor to sign up for Blockbuster’s membership plans, Blockbuster will pay you a % of the sign up. So how are these young guys making so much?
I’m not sure exactly how much Blockbuster pays its affiliates, but let’s say $5 for each $20 membership an affiliate sells. Let’s say that affiliate manages to sell 10 memberships, so their cut’s $50 out of the $200 Blockbuster just made. These young guys have gotten so good at affiliate marketing, that they can probably sell a few thousand memberships a day, easily. So 1000 memberships at $5 a piece, that’s $5000 you just did that day. (Keep in mind though, these affiliate marketers may spend quite some time preparing the infrastructure and plans in place to launch at single campaign). Nonetheless, you get the idea
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I would refer you to some sources to read and learn more about affiliate marketing myself, but I’ve found that the most successful affiliate marketers stay under the radar, so it’s time for you to start going out and meeting some of them
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