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The very first online business I got into I was an affiliate and really advertised the hell out of it, the affiliate system I joined was Success University. Being an affiliate for those who don't know is simply selling some big companies product. This is very good for someone now starting out because all you do is sell, you're not involved in collecting payments, deliveries, stocking and all these business related stuff. I made awesome money with Success University. Secondly I started promoting Host4Profit which is a web hosting company and I made money month after month. I then concentrated on building a list. I have now created my own product and get affiliates to sell them for me.
Back in the day I started off designing websites. This provided a steady income but just a little not sufficient to support me full time, I then got into selling on eBay but still did not make enough to survive full time. I continued these two ventures and then became an affiliate at Get Response; this is a company that offers an auto responder service that pays a monthly commission for every sale that you make. I now make a nice monthly income with these 3 programs. I am now looking into bringing in another affiliate program called Empowerism.
My first go at internet marketing was a I started a web directory and made a few hundred dollars a month which I still do to this date, I then got into list building which proved to be a very wise decision, I have a very responsive list of about 30000 subscribers, this has given me the tools to be a very successful affiliate because I can sell products to these subscribers month after month after month. The affiliates that I am involved in are SFI, Leisure Audio Books and Traffic Swarm. For a newcomer I recommend joining an affiliate program with products that you like, then build a list and sell like crazy. It's that simple.
I am by no means an Internet Guru but the first profit I made online was way back in the day of “prodigy” and “CompuServe”. I opened a free hometown.aol hosting and wrote and sold resumes, I then discovered eBay and build websites and sold them. I made good money doing this I simply picked out what products were hot at that point in time, made a unique website for it and boom instant sale. I also sold hosting accounts at Host4Profits so when I sold a website most of the time I picked up a hosting sale as well. I continue to make a decent monthly income with this strategy.
Hope this information help you decide on your new online home business, if you would like more information on the above programs check out the attached link.
1) Low If Any Costs to Produce
If you were to create your own product there could be major costs to develop it or if you went with information products there still are a lot of costs that are overlooked besides just coming up with content for an info product. Affiliate program solve this dilemma because there aren't any cost to produce them. You are simply promoting a product that is already on the market and earning a commission on every sale.
2) Minimal Setup Costs
Starting an internet based business has very low setup costs compared to a traditional brick and mortar business. You most likely have some sort of office setup and a computer connected to the internet if you are reading this or better yet a laptop you can take anywhere. Those are the main tools you will need to get started with affiliate programs, everything else can be downloaded for free.
3) Business License Not Needed and No Start-up Fees
Being an affiliate is similar to having your own product line with out all the hassles of actually owning and operating the business. With someone that owns the business they usually have to have a business license and pay fees. Affiliate marketing avoids that, you simply promote the product and get your check.
4) You Can Sell Virtually Everything
These days you can find pretty much anything on the internet that is sold in the real world. This means that out of all those products there is most likely an affiliate program you can sign up for to sell those items. That gives you and almost unlimited potential for choosing a niche to become an affiliate in.
5) You Don't Need To Be a Salesman
The majority of people that get started with affiliate marketing don't have any sales experience. Most programs you signup to be an affiliate with will provide you with marketing material that is proven to work already. This means all you have to do is copy and paste the ads they give you.
6) You Don't Have To Hire Anyone
One of the biggest expenses for companies is paying their employees. If sales don't cover the cost to pay an employee than the business will fail. This doesn't apply to your internet based business because you won't need to hire anyone. If there ever is anything beyond your scope of knowledge than you can easily outsource a project out to someone and pay them a flat fee for their work completed.
7) You Don't Have To Have a Merchant Account
Merchant accounts can be very stressful to setup and meet the requirements for. You usually have to show you won't be a risk but without a prior business it becomes a catch-22. As an affiliate you don't process payments so you won't have to worry about payment fees, gateway fees, fraud, or dreaded refunds and charge backs.
8) Unlimited Earning Potential
When you have a regular job, you usually are paid by the hours you put in or you have a preset salary you are paid every month. You can work overtime every once in awhile to earn some extra money but you will become burnt out and there really is only so many hours in the day. This is not the case with affiliate marketing. There is no roof on the amount of money you can make besides the amount of effort and promotion you put in and they give you the ability to work wherever you want!