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Affiliate Marketing – A Global Business on a Shoestring

Affiliate marketing business is an ingenious model of small business with huge leverage.

Merchant and marketers leverage on each other’s strength to cover their weakness. In the end, both win.

Affiliate marketing has its advantages and disadvantages.

If you are considering starting a small business, and are looking for one which requires little capital, it is good to do some research and comparison between affiliate marketing and other forms of small businesses.

The purpose of this article is to give you an overview of this online business as compared with an office job or other business:

1. Low Cost Business

Most people are worried about incurring high capital to start a business.

Affiliate marketing is one business that you can truly start with a shoestring and yet have global reach. There is cost involved in joining an affiliate network. The only cost you will incur is in setting up your own website, which is almost negligible compared to other business.

2. Inventories Not Required

In other businesses, especially the traditional ones, managing the production and inventories is the most stressful and costly part of business. Human and financial resources are needed to take care of this part of business to ensure continued support and alignment with the sale and marketing function.

In the case of affiliate marketing, it is a clean business. There is no production, and no inventory to manage. Your business involves selling of information and knowledge. It is a true-blue knowledge business.

3. Unlimited Income

Depending on your skills, the earning potential is literally unlimited.

You are only limited by your ability to sell. The core skill for this trade is information marketing.

Your earning wouldn’t be hurt by raw material cost, production disruption, inventory cost, and any costs associated with material handling of physical product.

The beauty of the business is: It can run on auto-pilot after the initial set-up stage and continue working for you tirelessly like the genie of Aladdin Lamp.

While other businesses needs on-going operating expenses to keep the business running, this business enable you to leverage your knowledge a thousand-fold with one-time effort and generate a stream of long-term income.

4. Worldwide Business

With affiliate marketing, you are effectively having a global business.

Unlike traditional businesses, your market is not limited to your city or even your country. It doesn’t depend on location, and hence does not have the problem of rising rental cost when business is good.

At the click of the mouse, you can have access to a global market of 1.46 billion online users. The requirement is to set up your website (the cost of which is a tiny fraction of rental cost in traditional business) and master the skills of internet marketing.

5. Risk

As an affiliate marketer, you are not required to make any capital investment to start you business. This makes it a virtual risk free business. If you fail, or rather quit before you succeed, all you stand to lose is your time.

With no capital involved in starting the business (except for some marketing expense for promoting the affiliate product), it offers the lowest burn-rate among business ventures. This means a significantly longer sustainability period and hence a higher success rate.

6. 24-Hour Sales

It is a business that leverage on technology to work for you.

Your business is global in nature, self-running 24-hour a day. At anytime, there is always someone in some part of the world actively surfing and looking for your product offerings. Your business is literally opened round-the-clock, making money for you even when you are sleeping.

One Salient Point Though:

Despite all the advantages listed above, affiliate marketing is a notoriously competitive business with lots of scams and hypes to lure those with a get-rich-quick mentality.

Success in affiliate marketing belongs to those who take the business seriously, plan it out meticulously and execute the plan relentlessly.

Like any worthwhile business venture, it takes lots of patience, focus, knowledge, hard work and determinations to become successful in affiliate marketing.

If there are any risks involve in this business, they are within your control.

Generating Multiple Streams of Income With an Internet Based Business

To make any sort of substantial income requires having multiple streams of income. What this means is that you cannot rely on your income from one source only. If you do this what will happen if that source suddenly dries up?

To develop multiple streams of income with an internet based business, your first stream of income will originate from your main product or service. If you have a product of your own to sell this will give you a strong selling point and make you stand out from the crowd.

Before we look any further into the other streams of online income, there are two things that you will need to get set up, as without them your internet business will not succeed and it won’t matter how good your product is.

To begin with you will need a website of your own. It is quite incredible how some people tend to think that they can make a fortune on the internet without even owning their own website. It IS possible to earn some money without a website just as it can be done physically without having a shop. The thing is that online, your website is the main channel through which your multiple streams of income will flow, if you really want to make some serious money.

Traffic is the lifeblood of any internet based business and without it your website is a dead duck. Most of your time on the internet will need to be spent in getting targeted traffic to your site.

When you get visitors to your website, give them a free offer that will encourage them to sign up for your mailing list. This gives you an opportunity to contact them again.

It is not a good idea to bombard your subscribers with sales material. Rather start off by giving them some useful advice or some valuable free products. The importance of building a relationship with your subscribers cannot be stressed enough. People will purchase goods from someone they trust, so don’t be in a hurry to sell them anything and everything that you can lay your hands on – that will definitely scare them off.

When you have your primary product or service set up and running, then you can begin to add other streams of income to your internet based business. The second stream of income will come from one or two carefully chosen affiliate programs. If possible look for a two tier affiliate program that is free to join and also a network marketing program that will give you high financial benefits but requires a regular investment from you.

The third stream on income will only begin when you have enough traffic visiting your site to make it worthwhile to post advertisements.

You will discover, as you become more experienced, other useful products to recommend to your subscribers and visitors and earn a commission from the sale of these. As an example your website hosting company might offer a residual affiliate program and you can recommend this in order to build a stream of recurring income.

Another way to earn extra income is by selling various e-books and publications. You can also use free newsletters and articles that you may have posted. Go through your archives and turn these into an e-book which you can sell.

If you have a product that needs to be shipped to customers, consider running a campaign on an auction site such as eBay. This can be a great way of also generating a new stream of customers and subscribers.

Finally if you wish to leverage your own product and boost your sales exponentially then it would be a good idea to develop an affiliate program of your own.

So use this advice and build an internet based business with multiple streams on income that will continue to grow and bring you an income for many years ahead.

Become A Property Millionaire And Invest In The Right Property

When you hear the term “property millionaire,” you probably think of real estate, but it’s most likely not the type of real estate online professionals know about. Online real estate is different than traditional because it values the web itself and the domain names and niches that generate ad revenue and consumer business on a daily basis. It pays to be an Internet property millionaire because with the web you have something that can generate earnings every minute of the day or night. Even when you are not “working,” you can be earning thanks to the 24/7 round the clock nature of the Net itself. But in order to become a property millionaire, you need to know where to find the best property on the World Wide Web to invest in.

One of the most important niche markets that you can invest in is actual real estate. More and more homeowners are using the web to find their dream homes or fixer-uppers that can generate additional revenue. Realtors and other housing professionals value web property that will allow them to get their message out and find new buyers. Branding is everything in the real estate market, and if you know how to source domain names and purchase websites low while selling high, then you can earn money simply from domain sales. If you want to harvest the site with valuable information and details relevant to that market, then you can secure ad revenue from housing professionals.

There are multiple ways to earn income online and become a property millionaire, but you do need to be able to realize which markets are in demand and which aren’t. The best way to do this is to make use of the major search engines and their free keyword tools that allow you to see how often a term has been searched in the last week, month, or year. You should also run a few test searches on sites like Yahoo, Bing, and Google to test the viability of your category and see what the popular sites in that niche are already doing right.

So whether you want to be a property millionaire in the real estate world or a property millionaire in the online world, there are numerous ways in which you can turn your effort into profit. Knowing where to look and what to look for will take you most of the way and hard work and the desire to always be learning more about how the Internet works will help you do the rest. Developing a business plan, doing the necessary research, and committing to carrying out your goals may seem a little like old-fashioned advice for the digital age, but they are still tried and true.