Discover Why Promoting Affiliate Programs Has Become so Popular
Promoting affiliate programs is most of the most popular methods being used today to develop a home based business. There a number of advantages to affiliate marketing compared to other types of online business models, apart from the obvious one of the ability to rapidly develop a substantial source of extra income.
Let’s examine a few of the benefits:
No product required: Developing or sourcing your own products can be exorbitant, however with affiliate marketing the products or services are all supplied by the merchant.
Low start up costs: The only equipment you need to get started with affiliate marketing is a computer and a fast internet connection.
No licenses or fees payable: The benefit of starting an affiliate marketing business means you don’t have to pay any fees or obtain any licenses, as you do with a normal brick and mortar business.
Virtually limitless products: These days just about anything you can think of is sold online, all you need to do is find a merchant that sells what you are interested in and join their affiliate program to promote it.
No experience required: You don’t need to be an experienced salesperson to become an affiliate marketer, and most of the merchants will provide you with articles and emails etc. for selling their products or services.
No staff: You don’t have to worry about hiring and paying staff, down the track as your business expands you might like to consider outsourcing some of the work, but initially you can get started on your own.
No requirement to establish merchant account: For anyone that has already been in business you will know that setting up merchant accounts can be costly and time consuming, but as an affiliate marketer all you need is a PayPal or bank account to be able to receive your commissions. No more worrying about charge back or fraud.
No stock takes and inventory lists: As an affiliate marketer you don’t have to be concerned about doing stock takes or where you are going to store inventory items, this is all handled by the merchant.
No dealing with customers: When a customer clicks on the link to buy a product in your website, they are taken to the merchants website to conduct the actual sale. This means you don’t have to worry about processing orders or dealing with customer information or queries.
Worldwide customers, open 24/7: Once you have built your website it is open worldwide 24 hours a day 7 days a week, so you can go off and do other things, no need to sit by your computer except to check how much money you have made.
No dispatch and postage: Once you make a sale you don’t have to worry about packaging and sending the goods to customers this is all dealt with by the merchant.
Risk factor: What if the product you selected isn’t making you money? No problem, just choose another one to promote instead. You are not locked into any contracts so you can shop round until you find something that is worthwhile and pays.
Income potential: The beauty of affiliate marketing is that the amount you earn is only determined by the amount of time and work you are prepared to put into it, be that just a few hours or a full time business that is all up to you.
You can learn the basics here in my onsite free guide for How to do affiliate marketing, and I have also published a book that covers the most effective and most simple affiliate marketing plan, to make sure you have the best chance of being a success in Affiliate Marketing and Blogging
Get the "Affiliate Marketing - Simple System" Guide Book - on sale!
Legitimate Income From Affiliate Marketing
Affiliate marketing is a simple concept where a business pays its affiliate for bringing customers to the business. Affiliate marketing was created by William J. Tobin in the late 1980’s. He and his company, PC Flowers & Gifts, took only four years to make more than $6 million annually in sales. This proved that affiliate marketing can be a very lucrative practice.
Affiliate marketing has grown fast and wide in its practice since its inception. With the help of the internet, businesses and affiliates are able to access, generate leads and drive customers to the products and business they want to promote more efficiently.
All types of business can and have benefited from affiliate marketing. Retail industries and internet file sharing businesses have also been very profitable in the affiliate marketing business. The “sin industry” has also seen tremendous gain from affiliate marketing. The “sin industry” includes adult themed business, such as pornography and gambling.
How do people and affiliates make money? The affiliates are compensated in a variety of methods; pay per sale, cost per action, cost per click and cost per mile are some of the most widely used methods of compensation for affiliates who bring in revenue and customers to the company they work for.
Compensation methods are changing to satisfy the needs of the changing world. Some people have used deceptive methods, such as click fraud, to produce false results for higher income. Companies have responded by reducing the use of cost per click as a method of payment to their affiliates.
Most internet users are familiar with terms such as spam and adware. Although spam is unsolicited and therefore not legal, there are legitimate methods of using adware and tracking cookies from potential buyers, by properly notifying them of such possibility and obtaining their permission.
To ensure that the affiliates produce sales generating work and be compensated accordingly, many companies use performance based compensation method. Cost per click or cost per mile sales place the burden of sales on the company and not on the affiliate. On the other hand, performance marketing will pay the affiliate based on the actual sales he or she produces. They may also offer incentives to encourage harder working and higher performing affiliates.
It is not difficult to enter the world of affiliate marketing. Currently there no set standard in the industry to ensure all affiliates and companies act according to a code of ethical business practice. Since the world of internet and especially affiliate marketing changes so fast, it is not easy to keep up with all of the fast changing new waves of high income affiliate marketing.
The best way of making good to excellent income with affiliate marketing is to put in real effort, diligent work, and follow the legal standards of marketing. This will ensure steady income and good reputation.
Major search engine companies and even a few universities may offer courses on affiliate marketing. It is wise to consult reputable publications for instructions on affiliate marketing.
P.S. Liked this post? Be a sharer and spread the word on FaceBook or Twitter or G+.
And I'd love to hear your views or suggestions too! Just click the Comments link below and tell us your story - Thanks!
I really want to know what you think of this site, this page, and to hear your tips or suggestions about it.
So please share your story or simply add a Comment in the comment box.
If you feel that the information on this page has been useful to you please give it a Like or share it with your friends - thanks!!
"You are a life Saver!!
I recently discovered this site and I can tell you that my life
has not been the same. I now come here EVERYDAY and spend at least 1
I used to spend that time browsing online fashion and beauty
magazine which just means that I spend more. Now I have replaced that
habit with coming here.
In future I will think about contributing articles as well. Thank you! Thank you!! Thank you!!! and God bless"
Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates. As an Amazon Associate I earn from qualifying purchases. Product prices and availability are accurate as of the date/time
indicated and are subject to change. Any price and availability
information displayed on [relevant Amazon Site(s), as applicable] at the
time of purchase will apply to the purchase of this product.