Get Your Share Of The Half-A-Trillion Global Industry!
What is Profit Sharing?
Profit sharing is when a company develop a policy that gives employees a portion of the company's profits. This can be paid out in cash, company stock, or some other form of a qualified planed contribution. When a company share it's profits, it works to motivate and encourage loyalty to the company from either employees or affiliates who work to promote the copmpany.
Companies can choose to give the same percentage of profits to every individual worker (affiliate), regardless of income generated, or, the company may calculate profit sharing using a percentage method, where each affiliate's compensation is divided by the total compensation.
Profit Sharing in affiliate marketing
Profit sharing in affiliate marketing is where affiliates earn a percentage of the revenue generated from sales or leads they help produce for a merchant. This is a form of revenue sharing where the affiliate's commission comes from the price of the product with no added cost to the consumer. Essentially, the affiliate promotes the products or services provided by the merchant, and when they make a sale or other desired action (like a sign-up), the affiliate receive an agreed upon percentage of the revenue generated.
Affiliate Promotion: The affiliate can use various methods to promote the merchant's products. Some common methods are: blog posts, social media, email marketing, free and or paid advertising. Each affiliate is provided with a unique tracking link. This specific code is used to track the referrals and sales action. When the potential customer clicks on the affiliate's link and completes a purchase or desired action such signing up for a service, the merchant can track the contribution of the affiliate. The merchant then pays the affiliate a Commission Payment, the pre-agreed percentage of the sale or a fixed amount for the specific action.
The Key Concepts of Revenue Sharing in Affiliate marketing is that the revenue is fundamentally shared with the affiliate. Thus, the profit is shared between the merchant and the affiliate. This is a No Risk, No Ownership way for an affiliate promote which they did not have to create, and they don't have to handle inventory. This allows for flexibility for both merchants and affiliates by allowing them to choose partners and programs that align with their goals. It is also a cost-effective way for the merchants to reach a wider audience and generate sales because they only pay when a successful conversion occurs.
Note: the affiliate will earn a commission for each sale generated through their unique link. The affiliate receive a percentage of the ongoing revenue generated from the customer which they referred to the merchant (Shared Revenue).
Now consider a blogger who partner with a supplement company through an affiliate program, then review and promote a fitness product on their website. The blogger includes an affiliate link in their review. When a reader clicks the link and purchases the product, the blogger earns a commission on that sale. Therefore, profit sharing in affiliate marketing is a mutually beneficial arrangement where affiliates promote products or services in return for a share of the revenue generated. The affiliate is contributing to the merchant's overall sales and marketing efforts which the merchant is happy to pay the affiliate a portion of the earned revenue.
Build Your Digital Empire Today! - Get Your Share Of The Half-A-Trillion Global Industry!
As GreatLife Worldwide (GLW) affiliates we have our own Digital Products Agency and get our share of the half-a-trillion global industry.
"According to recent data, approximately 2.64 billion people worldwide buy products and services online." - AI Overview
Because GreatLife Worldwide is a Digital Products Agency that is global, you, as an affiliate, have a limitless opportunity to build your business and generate sales and earn a monthly residual income around the world.
Not only can you build your Digital Empire, you could be earning $20 Fast Start Bonus that is paid weekly and you can build a Digital Empire 1 Million Levels Deep with Unlimited Depth Compensation.
GreatLife has a diverse offering of digital products (e.g. courses to help you live life to the fullest). We're talking fitness, weight loss, meal planning, financial education, and much more. GreatLife also has an exciting line of nutritional supplements and weight loss products.
With GreatLife Worldwide affiliate members can become financially FREE! And the best part, is GLW will do all the Telling, Selling and Closing Sales for us.
All we need to do to be successful with GLW is to send visitors to our GreatLife Worldwide websites and they do the Telling and Selling to close the sale for us.
