Affiliate Marketing: The New Face of Marketing
With the advent of e-Commerce, vast opportunities for innovative expansion are made available to everyone in the business world, from small time retailers to multinational corporations. Affiliate marketing, a fairly recent innovation in web technologies is the way to go with the rising popularity of blogs, online communities, and other interactive web-based services.
Fast, easy, and cheap, affiliate marketing enables businesses to reach even greater heights, opening doors to untapped markets, potential customers and of course, keep their customers informed of new offerings. It enables customers to have a more personalized, interactive experience with the various products and services offered by various businesses. Incorporating internet voice and video capabilities into an online shopping experience enhances that customer experience. Making that experience available and accessible at a click of the mouse or at the touch of a button saves valuable time and effort. And time, a priceless commodity, is what most shoppers don't have. Saving customer's time by making your products and services online is an added value whose real worth may only be measured in increased market share and brand loyalty.
Affiliate marketing could also cut significant advertising/marketing and other costs to a minimal fraction or what it originally was. The ever-increasing pace at which the world works also demands quality family time from most people in the workplace. The growing clamor for flexible work hours has spurred a lot of work-at-home offerings from many companies and has now become an attractive alternative for the working wounded. Offering flexible work hours and the unmatched comfort of working from your own home has also increased the breadth and variety of the workforce available to business and cut significant costs in employee benefits. Affiliates work independently, at their own time and pace wherever and whenever they want to. They are generally paid on a performance or per output basis that gives more to those who do more. There would be no need to pay hefty sums for primetime airtime to reach your target audience on top of millions in endorsement contracts for popular endorsers.
Searchable links, banner headlines and personalized emails can probably work as well without the added costs. Online forums and message boards where customers and other interested parties can leave feedback about various offerings allows for an informal feedback mechanism that can provide insight into current trends, customer needs, and more, that would otherwise not have been available. This infinitely increases management wealth of information to base decisions on and would enable them to appropriately respond to customer needs (and wants) in a timely manner, in addition to evaluating customer response and satisfaction level with existing product and/or service offerings.
An open door that leads to many more, the potential heights both businesses and affiliates can achieve with affiliate marketing is up to their imaginations and creativity. It's the way, "the way" to go.