A business or a person can build the best web site on the internet, offer the best product or service on the market at the best price and still not gain any sales. Some may even have to add franchises or affiliates in order to give their businesses a boost but the main idea is that without anyone knowing about the business it will eventually fail.
For any business one of the main keys to success is advertising, but there are unique challenges that are presented to internet businesses because there may be thousands of companies that offer similar opportunities and advertising is the largest determining factor in which site the buying public will choose to visit. Many feel slick campaigns and expensive marketing plans are the best option, but these often fall short of expectations, especially when there are a lot of distributors around the world each with their own individual marketing campaign.
Some may gain benefits from strategic advertising plans, in order for a business to have growth it needs to count on an advertising marketing network of distributors or word of mouth from the users of the product or service. One way of creating an advertising network in a large sense is affiliate marketing since it offers owners of other web sites a percentage of income generated by sales referred by advertisements on their web site.
Typically companies will advertise their web site since the owners want to create sales for the companies with which they are affiliated. Once visitors arrive at the site they can choose to visit the company’s main site and make a purchase. Often the fee for an affiliate site is usually less expensive than any advertising the company would need to do to achieve similar results. An example would be that if a thousand affiliates spend fifty dollars to advertise their site then the business would be receiving the benefit of fifty thousand dollars in advertising.
While the site will typically have only one affiliated business on their site, the company can track which sites send them the most traffic and resulting sales. This allows the companies to get rid of the ones that offer no help and then reward the ones that have the best performance history in order to keep their best producing affiliate happy and willing to continue the advertising efforts.
Another reason company’s use testimonials from satisfied customers is because of the need for advertising, looking to simulate word of mouth advertising which essentially should be free. Often customers will be wary of paid endorsements, especially from celebrities, but interest can be generated from unsolicited platitudes from everyday people in a product that is for everyday customers. If the satisfied customer tells a friend about this wonderful product it is especially helpful and many companies offer referral rewards for such sales.
A national company embarked on a referral plan a few years ago that noted how an individual can tell two people, who then tell two more people, who then continue to tell two more people and so on that describes how word of mouth advertising is the best way to build up an advertising network.