The Affiliate Market or Affiliate Marketing is one of the most successful methods of making money online.
Affiliate Marketing is an online sales technique and, at the same time, a commercial agreement between a Provider (in this case, Nesher Academy) and a third-party business (each affiliate's business), through which the Provider pays to third party business a commission for leads or sales generated.
Every time an affiliate (sales promoter) registers a referral or sale on the Provider's website, the affiliate will receive a monetary amount as compensation.
The Provider has a group of advertisers (its affiliate partners), who have agreed to promote the Provider's products.
THE ACTORS IN THE AFFILIATE MARKET
In the Affiliate Market, three fundamental actors are considered: the Provider, the Affiliate and the Client.
This is usually a company or business owner who runs an affiliate program and is the creator of the product / service that the affiliate promotes. In our case, the Provider is Nesher Academy and its main product is its online courses.
The affiliate is the company or person that promotes the Provider's products or services. You get a percentage or commission for the sale made and a dollar amount for a potential customer generated. The affiliate is also often called an associate, partner, referrer, ambassador or promoter. Nesher Academy students and facilitators can also be affiliates.
It is the company or person interested in buying the Supplier's products. The Client is referred by the Affiliate to the Provider's website to obtain more information about the online courses or other products and services offered by the Provider, or to purchase an online course.
THE BENEFITS OF AFFILIATION MARKETING
Affiliate Marketing has numerous benefits. Some of them are:
It's a WIN-WIN scenario:
Both the Provider and the Affiliate Partner are winners because they both get a percentage of the sale, agreed through an agreement.
It is expansive promotion::
The promotion expands within a larger niche network, making the brand name come out into the open promptly.
Increase search engine results:
Links shared by affiliates allow for more advertising and greater exposure of results through Google search.
It does not require much experience:
Affiliate Marketing is easy to understand and is learned through practice, with dedication and perseverance.
It allows the multiplicity of advertisers:
The vendor may have more than one advertiser to promote the Academy and the brand, which represents great potential for online business.