Affiliate Marketing: One of the Fastest Growing Economy Sectors

According to information from Business Wire, ClickBank, a global online market place for selling digital products, is going to hold a conference on August 19th and 20th at the Times Square Crowne Plaza Hotel in New York City.This conference will be an event where the top players in the affiliate marketing industry, such as representatives from an Internet Marketing Agencyas well as many individual affiliates will congregate and share information and ideas with others. While they may have different business models and marketing strategies, all of the key speakers at the conference have one thing in common: they take part in affiliate marketing, which has been presented as one of the fastest growing industries in the world.Basically, affiliate marketing consists of promoting products or services of another company online, in order to get paid a commission on the sales generated.It is quite a good business model, as the affiliate gets a share of the sale, which can be as high as 75% of the price, while the merchant gets an entire team of marketers working for them.As such, they would not have to spend as much money on a Digital Marketing Agencythemselves, as it will be the affiliates that will be doing the work of promoting their products. According to news reports from Business Wire, affiliate marketing is an industry that is growing around the world.There are now many firms being established in developing countries which are solely based on the affiliate marketing model, they just promote others products online for a share of the sale amounts.One of the reasons as to why affiliate marketing is so popular is that the barrier to entry is quite low.The product, as well as many of the marketing materials such as sales pages, etc.have already been developed by the company that owns the product.All the affiliate has to do is to drive visitors to the website who are interested in getting the product that is being promoted. A rise in affiliate marketing is also beneficial for businesses who provide services to affiliate marketers.For example, a  Boston Search Engine Optimization company could get many clients who are affiliate marketers and which are looking for a way for their web pages to rank high in search engine results when they are promoting products.Affiliates come in various types: there are small, individual affiliates who only have one site and who drive just a few sales each month to merchants, while there are also established companies which hire dozens of employees and run various high traffic sites, such as portals or product review sites, which have ads put on them for affiliate offers.In any case, affiliate marketing is a business that has something to offer for everyone, and is often seen as easier to do than creating your own product and then selling it online.