Many businesses help affiliates to make profits by promoting and selling products or services of other businesses.
This alone shows that businesses invest a lot of their time and money in Affiliate Marketing to get it right.
Another study from Statista shows that Affiliate Programs are capable of generating 15%-30% for advertisers and publishers, and Merchants or Business owners are setting aside nearly 15% budget for Affiliate Marketing annually.
This shows the impact Affiliate Marketing has on various parties involved in it.Affiliate Marketing requires three parties for it to work – Merchant, Advertiser or Publisher or Affiliate and Customer.
The customer being the provider of profits and an affiliate who brings customers to the merchants and in turn earns commissions.
When you are a merchant or business owner focused on making profits, the first step and best tool to get you started is Affiliate Program Management Software.Choosing an Affiliate Program Software is crucial to help you manage Advertisers or Publishers, track customer traffic and conversions, manage to mail to customers directly and to advertisers about new products, creating invoices, manage the bill, creating coupons and banners for advertisers, and overall web content.