To build a successful affiliate marketing business you should have the following five basic factors. How these essential factors are systematically arranged in an affiliate marketing company makes it desirable and suitable to work with to build up your own business.
1. A suitable and quality product to promote. You should have best products and possibly a number of monopolistic or unique combination products to sell.
2. A well rewarding and unique compensation plan for the affiliates. It should offer a high direct commission to the affiliate who make the sale. Possibly a direct commission of 40% or more is well enough. Affiliate also should be eligible for leverage earning from his or her team’s work.
4. The company should possess a good shipment facility or delivery system and efficient follow up system.
5. It also should give value to affiliate education and promotional Programs.
Why do you need an affiliate business company to build your business with? If you have the idea, technology and capital to invest to build your business independently, then why do you depend on any another company to build your business?
I personally spent several years doing something that I believed I was supposed to do to earn for myself and for my family. It was neither giving me enough money to survive myself nor enough to look after my family. I realized that the job was not enough to fulfill neither my ambitions, nor it was providing for my necessities like a decent car, comfortable house and day to day expenses; and not to talk about savings for future and children’s education.
When my earnings from my job did not increase any longer even I tried my luck in lucrative job in the Middle East. Even though it increased my salary considerably, I had to be away from my wife and children, which again wouldn’t go well with my way of thinking. Ultimately I had to give up that job too.
Then I started my own construction business in my home town. It really changed my life style and I was comfortable and now I can afford most of the things I dreamed of having. That was not without some ups and downs and it took me years to develop my business. It demanded my personal attention and day and night work to develop my business. Capital for my business was always a real for me and it takes away my sleep.
That is why I prefer affiliate marketing business. It has a ready made format and so it is easy to start. It does not have the long gestation period likewise of conventional business.
Affiliate marketing requires only limited capital investment.
It is home based business and it does need any infrastructure like office,office staff,factory,workers and other infrastructure like in conventional business. But the income from affiliate marketing is ever growing and it really is capable of taking you to economic freedom.
Internet has added a new dimension to affiliate marketing that many people refer it as internet marketing business. Internet has revolutionized this marketing system that many affiliate marketing companies have become multinational in nature. It has made easy the whole idea of affiliate marketing or network marketing.
I have seen many people who really make hundreds of thousands of dollars monthly from affiliate marketing. This indicates the massive earning potential of affiliate marketing. The lure of money really attracts many people to affiliate marketing business. It provides very easy money but not without real smart work and continuous and consistent effort.
Why do I prefer online business or internet marketing more than any other ways of promoting my business? It is universal in nature and its reach or the customer base is really global.
Again another aspect of the product you should take care is its delivery or shipment. I prefer to deal with IT products, websites, software, e books, online training, recorded audios and videos, and communication tools because of its easy deliverable.
Here we can again examine some of the main streams of products, or niches in which affiliate marketing companies specialize in and earnestly promote their business because each company believes in some advantages for the products promoted by it have over the others. Some of the common product streams are:
1. Consumer Durables or home care products.
2. Health Care products, herbal medicines, vitamins, food substitutes etc.
3. Internet Websites and allied marketing tools.
4. E books, Recorded Audios and Videos.
5. Online Training Programs and other educational training programs.
6. Jewelry Marketing.
7. E commerce marketing companies with their thousands daily uses products.
People join in some of these affiliate marketing companies because they want to avail the products or services they offer. The products or compensation plans are not the only reason to work with affiliate marketing companies, but the world class education and training some of these affiliate marketing companies provide to build your business.
Life changing education and training provided by some of these companies attract many people like me to affiliate marketing or network marketing companies.
What education do you get in affiliate marketing or network marketing than you get in traditional schools and colleges? Traditional schools provide you theory and book knowledge; actual practical knowledge is no where nearby. Whereas network marketing offers us the life changing training and educational programs, which can help you build your business as well teach you to be balanced person in real life. Here you are trained to face the challenges most people would avoid.
In network marketing or affiliate marketing the people at the top who teach have to be successful in their business, or they would not be at the top, whereas in traditional business schools, you do not have to be a successful business man to teach business. Here we are taught to copycat the successful leader.
We just have to follow the successful leader and do just what he did to build his or her business. It is easy to travel the path somebody traveled than finding a new way.
So when you are in network marketing or affiliate marketing business, seek out for people at the top, the people who are successful in the business and then ask yourself if you want to learn from them.
The following are the some of the real life business qualities you develop in network marketing while you are developing your affiliate program.
1. You develop yourself an attitude of success knowingly or unknowingly in your life and never give up spirit grows in your subconscious mind.
2. Slowly but gradually you develop many leadership qualities while you develop your affiliate marketing business.
3. Here since your learning, teaching and implementing and thereby you are on communication with different persons you are bound to develop your communication skills.
4. In affiliate marketing you are constantly in touch with the from all over the world and with people from different walks of life, different professions, skilled or semi skilled, educated or uneducated , your with the people and your bound develop your people skills if you are to successful in your business.
5. Overcoming personal fears and droughts, lack of confidence is another which you cultivate yourself in network marketing.
6. Overcoming the fear of rejection is another quality you develop in affiliate marketing.
7. A money management skill is also emphasized by some of the good affiliate marketing companies.
8. Some companies even teach you how to develop your investment skills and manage your financial capabilities.
9. Network marketing business teaches you to be responsible and take up accountability in your business as well as in your life.
10. One of the main qualities you develop in affiliate marketing is time management skill; because here we are taught how to make use of your limited time to get maximum benefit.
11. Here you are taught how to set your goals and go for it without any distraction whatsoever.
12. In affiliate marketing or network marketing you are taught how to stay systematized to be successful in your business as well in your life. Systematization of your time, energy, resources and financial input to develop your business through is the key to your success in affiliate marketing.
We shall discus these topics in detail in future.
Now I want to ask you a real question.
Are you trying to start an online business?
Then I hope I have given you some idea on why should choose an appropriate affiliate program or multiple programs for your financial success. Would you explore different ways of using the internet to make money online?
Here in my website I am promoting some genuine programs like:
The first and foremost program I personally promote is Empower Network which deals in viral Blogging System and training which may be the only company in the world to give out a hundred percent commission on the sales you make
To start a successful affiliate marketing business you should possess a auto pilot website and for that you require world class hosting service. G V O, the web hosting company which also supplies E-responder, web conferencing, video uploading facilities,blogger builder tools which are necessary for any one who wants to start an online affiliate business. The company has one of the best compensation plans in the affiliate marketing industry. Read more about this please click here
Another company which I would like to recommend is SFI, e commerce site which deals in more than 65000 products has worldwide network of millions of affiliate as well distribution system. Also this is one of the program that you can join FREE.
LINKS to these affiliate programs are given in this site and to know more about them go to HEADER MENU and click the respective buttons OR USE THE BANNERS DISPLAYED AT THE SIDE WIDGETS OF THIS WEBSITE to make full time income.
Here in I follow my sponsor’s way of promoting my business through my own fully automated website to promote my affiliate link from each company to make sale.
To know about this particular way of promoting your affiliate business through a fully automated website made available to you FREE within 24 HOURS,please click the #1 Work At Home “TOP PICK”