Setting up a profitable home-based business can be much harder than it looks. Aside from the technical aspects, you have to decide exactly what you will market. With the thousands of choices out there, a few well-chosen affiliate programs could be your ticket to Internet success.
Whether you are just starting out with your Internet business or are an old hand at home-based business, you might find a gold mine in affiliate programs.
Becoming an affiliate, at its most basic level, is simply marketing someone else’s product or program in exchange for a fee. The company will give you a link to use on your website or perhaps set you up with your own website. When a prospect clicks through and purchases the product or service, you get a commission.
The beauty of these associations is that they often cost you nothing and your only expense is the time and effort you expend to market the product. Affiliate programs are a win-win situation. The company wins because they have hundreds or thousands of home-based entrepreneurs marketing for them and you win because for a moderate amount of effort, you can make multiple streams of steady income.
Affiliate programs have blossomed out of the need for companies to efficiently leverage their marketing dollars and they found that paying commissions on sales to affiliates is cheaper than using traditional (off-line) marketing methods.
As an affiliate, your job is to drive sales to the company by driving traffic to your own site. The company’s job is to pay you for your success. You can get paid in various ways including pay per click. Every time a prospect visits your website and clicks on the company’s link, you are paid. You might get paid on a pay per lead basis which pays you if the prospect clicks through to the company website and signs up for something, like a free newsletter. You have created a hot lead for the company. And, you might get paid for facilitating a straightforward sale for the company.
In making the decision to become an affiliate, you should check each company out to make sure that you would feel comfortable representing them. First do a web search for affiliate programs (be warned there are thousands of them out there). Once you have chosen a few interesting companies, look at their products……would you buy them and use them? Find out what others are saying about the company. If there is a firestorm of bad feedback, you should stay away. Another thing you will want to do is explore their compensation plans. How much and how often will you be paid for sales? If the program is multi-level, can you explain it to those you sponsor? If a product is offered, is it marketable or would only a very few people be interested?
If you have a solid marketing program in place that drives lots of prospects to your website, you can make a great deal of money representing companies as an affiliate. It is the ideal low-cost Internet business for the part-time or full-time entrepreneur.
You don’t have to be a marketing guru to make money. There are ordinary folks making hundreds or thousands of dollars every month as an affiliate for one or several companies. All it takes is researching the right companies and dedication to building a highly trafficked website.