An affiliate marketing business is where you sell other peoples’ products and services online. It’s a great way to start an online business because don’t have to be concerned about developing products, setting up payment systems or arranging delivery. The product owner takes care of that.
Your job as an affiliate is to direct potential buyers to the website page where the product is for sale. If somebody clicks on your link to the sales page and purchases the product, you will earn a commission from the product owner. Here are the 5 steps to building a legitimate affiliate marketing business.
1. Determine What You Want To Sell
The key aspect of building a successful affiliate marketing business is selling the right products to the right people at the right time. Remember that the product owner pays you nothing if you don’t sell anything. So you have to carefully choose which products you are going to try and sell. Choose the right one and you’ll make some good money. Choose the wrong one and you’ll waste time and even lose money if you’ve spent funds on paid advertising.
2. Choose An Reliable Affiliate Program
There are lots of affiliate programs with lots of different products and services available for affiliates to sell. Before you start promoting a product, make sure you know how much commission you will earn, how you will get paid and what proof there is that their product actually sells. Check to see if you get any marketing support. This usually includes sales copy, marketing resources, target customer details and range of different up-sells and down-sells.
3. Get Your Unique Affiliate Link
Next, you will need to request a unique affiliate link from the product owner. This is sometimes known as a ‘hoplink’ and can be supplied automatically or you may have to request it and wait for approval from the product owner. You need this unique URL link because this is the link that track your sales when a prospective customer clicks on it.
4. Get Prospects To Click Your Link
There are 2 main ways that you can get prospects to click on your affiliate link. You can use free marketing methods or paid marketing. Both free and paid traffic strategies have their advantages and disadvantageous and it is always recommended to use at least one of each method.
5. Build A List Of Prospects
In its most basic form, you don’t actually need your own website to run an affiliate business. However, when you have your own website it helps to build a list of prospects. If you send a potential customer straight to a product sales page and they don’t buy anything, that prospect is gone forever. On the other hand, if you have a list of prospects that you have collected via your website, you can still send them to a sales page, but if they don’t buy, you can send them to a different sales page in the future.
Regardless of your age, education or technical skills there are no specific requirements for being successful with affiliate marketing. However you will be more successful with a solid business model to work from, clear direction, training and support. If you don’t know where to start or you’re not achieving the online success that you want, check out the FREE Affiliate Marketing Business Video Series at http://www.jonallo.com/
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