AFFILIATE PROGRAMS AND HOW TO BUILD AN EBUSINESS
AROUND THEM
by: denise ryder
affiliate programs and how to build an ebusiness
AROUND
them
BY DENNISE RYDER, MARKETING COACH
http://www.profitspace.com/coach two weeks ago, mariangie gonzalez sent in a
question
"how do you market your network marketing
business
SO YOURS IT'S PERCEIVED AS DIFFERENT FROM THE
rest of the reps
out there?"
in answer to her question the way to be
perceived as different
WAS TO SET UP AN INCENTIVE PACKAGE THAT WAS
related to the
general theme of your affiliate or mlm progam.
IF YOU MISSED
out on that disucssion there is a huge blog
entry about that
AT
HTTP://WWW.PROFITSPACE.COM/BLOGGER.HTML.
what i want to do here is back up a bit...a sort
OF REGROUPING
you might say and go over what to look for in
affiliate programs.
AFFILIATE PROGRAMS ARE THE EASIEST, FASTEST AND
most inexpensive
way for anyone, regardless of experience to earn
MONEY. WHAT
i want to do is provide you with some insight as
to what to look for
IN A PROGRAM.
before we dive in and talk about affiliate
PROGRAMS I DO WANT TO
say something about starting a business
regardless of whether
IT IS ON OR OFF-LINE. YOU NEED TO POSSESS
passion for what it is
you are doing. if you jump into something for
THE SAKE OF MAKING
money you are going to end up resenting it.
starting a business
TAKES A LOT OF TIME AND ENERGY. IF YOU ARE
involved in something
that you are passionate about and believe in
THEN THOSE HOURS
don't seem so daunting. if you are in something
just to make
A BUCK...THOSE HOURS ARE GOING TO SEEM VERY
over-whelming to
the point where you hate what you are doing and
WILL SOON
resent the business you are in.
SO...WITH THAT SAID, IF YOU WANT TO START
something online then
look at what you are passionate about and what
WILL JUICE YOU.
from there do your research and find affiliate
programs that
ALIGN THEMSELVES TO WHAT YOU WANT TO DO.
ok, let's look at affiliate programs ;o)
the big question...can you make money on-line
through
AFFILIATE PROGRAMS?
answer....yes
it is totally possible to make money on-line,
there are all
KINDS OF ARTICLES AND STORIES ABOUT PEOPLE WHO
have been
successful in making money through affiliate
PROGARMS.
it has nothing to do with getting in on the
GROUND FLOOR IN
a particular program. it has nothing to do with
having loads
OF MONEY TO MARKET YOUR PROGRAM. YUP, YOU ARE
going to
have to have a marketing budget, that is just
THE COST OF
doing business. what it boils down to is looking
for programs
THAT:
1. provide products/services that are in demand
2. provide a recurring commission structure
3. PROMOTING MORE THAN ONE PROGRAM
4. having your own web site
so..let's look at each one of these and it will
give you an idea
AS TO WHY THESE FOUR TRAITS ARE IMPORTANT TO
your ebusiness.
1. PRODUCTS/SERVICES THAT ARE IN DEMAND. THIS IS
pretty obvious.
if you don't have a market for your
PRODUCTS/SERVICES THEN YOU
aren't going to make any money. if you want to
know if there is
A MARKET FOR THE PRODUCTS/SERVICES YOU WANT TO
sell then do your
research. look at site's like
overture.com. they
HAVE A GREAT
advertisers area that provides you with a search
criteria tool.
ALL YOU HAVE TO DO IS ENTER THE KEYWORD THAT IS
the general
them of your business and it will pop up a list
OF WORDS THAT
people have used as search criteria, this will
give you an idea
NOT ONLY OF A DEMAND, BUT IT WILL ALSO GIVE YOU
an idea as to
what search terms people use for that general
THEME.
another thing is to look at the trends that are
HAPPENING AROUND
us. immediately what pops into my head is the
fact that we are
GETTING OLDER AND ARE MORE HEALTH CONSCIOUS. THE
health and
nutrition industry is huge and it is also a
TREND.
have you every heard of the popcorn report? it
WAS A BOOK
written that talks about the trends and where
they are heading.
ONE OF THE THINGS FAITH MENTIONED WAS THE HEALTH
and nutrition
industry and cottage industry (home based
BUSINESS) WAS GOING
to boom.
2. COMMISSION STRUCTURE IS KEY. UMMM, LET ME
give you an
example to hit this home because it truly is
IMPORTANT.
you are promoting a hot product from one of the
TOP MARKETERS
that sells for $29.95. you will earn a
commission on the sale
OF THIS PRODUCT OF 50% (LET'S SAY IT WORKS OUT
to about $14.00
so i don't have to strain over math here). it's
A ONE-TIME SALE
which means after that sale is made you are
having to go out
AND FIND OTHERS TO BUY. YOU ARE ALWAYS HAVING TO
work your
butt off to get a "sale" for that product.
now...here is another example.
YOU ARE PROMOTING AN AFFILIATE PROGRAM THAT PAYS
monthly,
something like profitsvaultmonthly, then this is
WHAT HAPPENS.
pvm is $29.95 per month and you earn money:
1. $20.00 PER MONTH PER REFERRAL
2. you keep every penny you earn from selling
the products
with the $29.95 product you are earning $14.00
for all your
MARKETING EFFORTS IN GETTING THAT SALE. THAT'S A
one time
commission, make the sale and scream "next" to
FIND YET
another buyer.
WITH A PROGRAM THAT PAYS MONTHLY, YOU ARE
earning $20
per month for that same customer, next month you
EARN
another $20 and so on. get two join your
affiliate program
AND YOU'RE COVERING YOUR OWN COST PLUS MAKING A
bit of a
profit.
