There are HUGE benefits you can get by promoting affiliate programs with your own Internet business. If you can’t name all 15 of the reasons below from the top of your head, well, it’s time for some studying.
- No Production Costs: The cost to develop and produce a new product is unreachable for most people trying to start a home-based business. With affiliate programs, these costs are not a problem. The product is already developed and proven, and the merchant paid for everything.
- Low-Cost Set-up: Compared to building a brick and mortar store, starting a home-based Internet business is cheap. You probably already own a desk, Internet-connected computer, and word-processing software, which is all the equipment you actually need to start an online business.
- No Fees or Licenses: Just compare doing affiliate marketing with distributing a product in the offline world. The biggest difference is that in non-virtual reality the distributor must often pay for a license to distribute goods within a geographic region. Affiliate programs, on the other hand, are often free to join, and geography is limited only by the affiliate’s ability to promote his website.
- Sell Almost Anything: What product out there can’t be found online? That list must be way shorter than the one listing all that IS sold online. There are thousands and thousands of affiliate programs selling every product you can imagine. So finding products related to your current or planned website is stupid easy.
- No Sales Experience Required: When I started my affiliate business, I had absolutely no sales experience. However, that was not an issue. 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.
- No Employees: Employee salaries are the biggest business expense. Although you may need someone to work for you occasionally, you’ll never have to worry about hiring full or part-time employees. When you have a project you want to hire out, it is easy to find experts in every field who can work for you from the comfort of THEIR 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 can be extremely time-consuming and expensive. However, affiliate marketers don’t need a merchant account. Merchants handle all the costs for payment processing. As an affiliate, you’ll never lose sleep over fraud or losing your merchant account.
- No Inventory: As an affiliate marketer, you can sell large items without having to worry about storage, even if you live in a small one-bedroom apartment.
- No Order-Processing: Forget the problems associated with collecting and storing names, addresses, credit card numbers, etc. The merchant does all that!
- No Shipping: The cost and effort to prepare and ship products to customers worldwide can be extremely difficult. As an affiliate, you never have to worry about packaging supplies or postal rates.
- No Customer Service: Once someone has bought a product you promoted as an affiliate marketer, your relationship can end there. The merchant handles all the annoying aspects.
- Make Money While You Sleep: What another business model allows you to keep your doors open and keep making money even when you take breaks or after you go home for the night?
- Worldwide Marketplace: The Internet is the world’s largest marketplace. Nothing else has ever come close in history. 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.
- Minimal Risk: The product you’re promoting isn’t making any money? Dump it. Take down your links and promote another! It’s that easy. There are no contracts binding you to products that don’t sell.
- High Income Potential: If you have a job, your salary or hourly wage is usually pre-determined. 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 cheap to start yet offers such high profit potential without investing years of labor. Affiliate programs enable you to work from Almost Anywhere in the World!
As you start with affiliate marketing, you will soon see that you have the need to have a few extra tools to make your life easier and your business better.
You will definitely need a landing page builder, to be able to collect leads and redirect visitors to your offers. Another must-have is an autoresponder, to allow you to communicate with your leads on autopilot instead of writing emails for each and every one. I’ve just listed 2, but actually, you will need a whole bundle of tools to be able to carry on your business on an optimal level and make it grow.
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