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Referral marketing is one of the easiest ways to make money online. In this marketing, there is no need to produce products and provide services, nor to store and send tools and goods; What's more interesting is that there is no need to actually sell. So is it a scam? In this article, we will get to know the concept of one of the most advanced types of marketing called afleet marketing and we will examine its advantages and disadvantages. At the end, we will have recommendations and suggestions for people who want to do such a thing.
What you read in this article:
What is affiliate marketing?
How does affiliate marketing work? Win, win, win game
Advantages and disadvantages of affiliate marketing or referral marketing
Pros of referral marketing; Low risk, high sales
The negative aspects of familiarization marketing; Lack of product and market control
Advice for new acquaintances
What is affiliate marketing?
In Iran, there have been various translations for this type of marketing: affiliate marketing, sales cooperation, commission sales, familiarization marketing. Each of these translations is suggested according to one of the characteristics of this marketing or is equated with the word Affiliate. The difference between this concept and SMS marketing , for example , is that everyone understands it at first glance, but affiliate marketing needs to be Kazakhstan Phone Number List explained. The reason why familiarization defines the nature of this type of marketing more than other words is because commission sales and affiliate marketing are a form of the older form of this marketing in which a contract was signed between the marketer and the owner of the product and cooperation in sales was also assumed. It strengthens the equality between the marketer and the owner of the product. While familiarization is a more explicit reference to the nature of this modern marketing.
Referral marketing is the process of earning a commission by promoting another person's (or company's) product. You find a product you like and believe you can sell to that customer, recommend it to your audience, and earn a cut of the profit with each referral that leads to a sale. It's similar to a salesperson getting a commission, but the difference from old commission marketing is that you don't work for the company, you don't sign a formal contract, you don't get merchandise; In return, you get rewarded by sending a new customer to the company.
How does affiliate marketing work? Win, win, win game
Let's get into the details of how referral marketing works. There are three main players in this marketing arrangement:
Seller: Business owners or manufacturers who want to increase the sales of their products through the familiarization process.
Customer: the potential audience of the seller, who should be created a way to communicate with the seller and enter the position of the buyer.
Introducer: People who, with the infrastructure they have, can introduce the customer to the seller and receive their profit from this.
How to do affiliate marketing
When done right, referral marketing can be a win-win-win. With the recommendation of the introducer, the audience of a product, course, or tool can enter the learning process. Through referrals, business owners get customers who would never have gotten them if there were no referrals. Therefore, the central principle in marketing is to introduce one thing: the trust of the audience. When the audience believes that the referrer is recommending the best product and is not looking for fraud, they will trust the referrer and ultimately, all three parties in the referral marketing relationship will benefit.
In this way, you, as the owner of a high-traffic website, a popular influencer or a person with the ability to activate the infrastructure for familiarization marketing, place a link to sell the product or service of a company that supports this marketing on your website or social network. You can use SMS ads or other types of ads to find more audience. Based on the number of clicks, sales, leads, impressions and ad clicks or other methods, you receive a percentage as a customer referral.
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