You’ve probably heard of affiliate marketing before, although maybe not by that name. It’s also known as a partner, sponsor, or associate marketing. If you’ve never made use of affiliate marketing, but you have a business to run… well, now’s the time to get cracking. You’re missing out on a new breed of marketing that is changing the landscape of business forever.

Affiliate programs are a way for companies to offer a share of their revenue with merchants who chose to participate in their program. Affiliate members bring in new contacts for the company by generating traffic via advertising. As an online affiliate a website will generate new sales, leads and other types of contacts for a company by posting ads for that company on their web page. Affiliate programs on the web are very popular now, because they require virtually no upkeep to maintain. Almost every major company on the Internet now offers an affiliate program.

Tracking an affiliate member?s activities has become very easy for these companies to do. With today?s technology it is easy for companies to track statistics and keep up to the minute records on income generated via the affiliate?s site. Companies can now use reliable pay out systems such as Paypal which also allows both parties to keep receipts of all transactions.

Today?s technology has put an end to the times when affiliate members would have to wait for statistics to be tallied and receive payment. Affiliate programs work well for both the company offering it as well as the participating member. It gives the merchant and opportunity to market their merchandise to possible customers they may have otherwise overlooked. It also gives them advertising for a very low return fee. The affiliate benefits from being able to generate income without having to deal with the day-to-day sales aspect.

The perception of affiliate marketing has greatly increased over the years. As new members learn to employ the techniques of today?s technology they gain a new respect for the marketing that affiliate programs afford. No longer regarded as an inferior means to generate customers, the affiliate program is looked at as a positive system by both the merchant companies and the members.

So the question now is what type of affiliate marketing will work best for you? Are all affiliate marketing programs the same? Are the benefits the same? Or are there affiliate marketing programs that work better than the others?

To whet your appetite, here’s a quick glimpse at some of the more popular kinds of affiliate marketing. Pay-Per-Click marketing allows you to pay affiliates for each click a visitor makes to travel from the affiliate to the merchant site. Other means of determining payment, such as when a visitor listens to an ad (called Per-Per-Play) or actually buys your product (known as Pay-Per-Performance), are also available. Choose what works best for you and you can be making money hand over fist in no time flat. Remember, every moment you spend not making the most of your company’s potential visibility is a moment where you just lost a customer. With how easy the net makes it nowadays, you have no excuses.

Justin Harrison is an internationally recognised Internet Marketing expert and entrepreneur who has built up multiple 7 figure online business and consults to some of leading online brands including Amazon, BBC, AIG and many others.