Affiliate marketing is a revenue sharing partnership between a web merchant and one or more affiliates. The affiliate is paid a commission for referring clicks, leads or most often sales to the merchant. An affiliate’s advantage is that he can make money in a business where he doesn’t have the upfront costs of creating his own product, and he doesn’t have to worry about e-commerce, bookkeeping, or even customer support for it is the merchant’s responsibility.
There are HUGE benefits to promote an affiliate program with your own home based internet business. Let’s look at 15 of the best reasons to join affiliate programs.
No Production Costs
The cost to develop and produce a new product is prohibitive for almost anyone who wants to start a home-based business. With affiliate programs, production costs aren’t an issue. The product has been developed and proven – all on the merchant’s nickel.
Low set up cost
Compared with building a brick and mortar store, starting a home-based Internet business is relatively cheap. You probably already have a desk, Internet-connected computer and word-processing software, which is all the equipment you may need to start making easy money from an affiliate programs.
No Fees or Licenses
The biggest difference is that the distributor must often pay for a license to distribute products within a limited geographic region. Affiliate programs, on the other hand, are usually free to join, and geographic market reach is limited only by the affiliate’s ability to promote his website.
Sell Almost Anything
There are thousands and thousands of affiliate programs selling every product under the sun. That makes it easy to find products related to your current or planned web site.
No Sales Experience Required
When I started my affiliate business, I had absolutely no sales experience. That wasn’t a problem, however. The companies I affiliated with provided excellent marketing material. Using their sales copy, I was able to get my first affiliate site up in less than a day.
Employee salaries are the biggest business expense. Although you may need or want someone to work for you on occasion, you’ll never have to worry about hiring full or part-time employees while working as an affiliate marketer. When you have a project you want to hire out, it is easy to find specialists in every computer-related field who can work for you from the comfort of their own homes. You pay only for the project, and never have to worry about ongoing employee related benefits and deductions.
No Merchant Accounts
Setting up a merchant account is time-consuming and costly. However, affiliate marketers don’t need merchant account. Merchants bear all the costs for payment processing. As an affiliate, you’ll never lose sleep over charge backs, fraud or losing your merchant account.
As an affiliate marketer, you can sell large items without storage concerns, even if you live in a small one-bedroom apartment.
No order processing fees
Forget the problems associated with collecting and storing names, addresses, credit card numbers, etc. The merchant does all that!
No shipping fees
The cost and hassle to prepare and ship products to customers worldwide could be staggering. Affiliates never have to worry about packaging supplies or postal rates.
No Customer Service needed
Do you hate the prospect of dealing with nasty people or customer complaints? Don’t worry about it! The merchant handle it for you.
Make Money While You Sleep
What other business allows you as a sole proprietor to keep your doors open and keep making money even when you take breaks or after you go home for the night?
The Internet is the world’s largest marketplace. You can drive more visitors to your online store in a day, than a small-town merchant will see in his or her brick and mortar business in a year.
The product you chose isn’t making money? Dump it. Take down your links and promote another! It’s that easy. There are no long-term contracts binding you to products that don’t sell.
High Income Potential
If you have a job, your salary or hourly wage is probably pre-determined. Maybe there’s not much, other than working overtime, that you can do to increase your income. With your own affiliate business on the internet your income potential is limited only by your desire, effort and imagination. No other business is so inexpensive to start yet offers such high profit potential without investing years of labor and enable you to work from Almost Anywhere in the World!
So, do you have what it takes to be an affiliate marketer? Before you begin your venture into affiliate marketing, you need to decide first which area interest you. What products do you know the most and which products you could do the best job of selling? Once you discover your specialty, perseverance, patience, determination comes next. These are the qualities you should possessed to be a good affiliate marketer.
There are too many online business prospectors lose out because they become impatient. You also have to know what your strengths are, the things in which you are good at and your capabilities, abilities, hard work, interest and passion related to your chosen streak. And, the most important thing is you have to have a strong desire to succeed in affiliate marketing.
If you need me to clear your doubts, please drop me a message below and I’ll reply you at the soonest. Stay tune to my next article on how you get started your online business!