Most popular “how to” courses, bootcamps, teleseminars and webinars are made around affiliate marketing as a viable work from home business model for success.
If you make a search on the Internet, you’ll find thousands of home study courses, E-books, and affiliate marketing products for sale.
Can you really build a work at home business by selling other people’s products?
Yes and no.
The truth is, there is a precise formula that can lead you to success if you decide to base your work at home business by selling affiliate products. This is called Affiliate Marketing.
But if you do it the wrong way, you may never make more than enough money to pay for your Internet connection and telephone bills each month.
Why is there such a big discrepancy between the really successful affiliate marketers (those who earn several thousand dollars every month) and those who are hardly making out a living?
Like any other business, it goes down to creating good systems that are quantifiable and can be duplicated to bring income to you from as many different sources on the internet as possible. This makes affiliate marketing a viable business model.
Here are some things you need to observe and follow when getting started:
Start with one single product. Make a research. Look for a market with a product that people need and are buying. Set up a system for promoting that product. This is called affiliate marketing campaign strategy.
Consider article writing, white papers, product reviews, case studies, workbooks, e-books, etc… Look for additional and complimentary products or services that you can sell after you make a profit with the first one.
Create a squeeze page where you can build a list of people who want to find out more about the affiliate product or niche product.
Send traffic to your Squeeze Page and offer them value-rich information in exchange for their contact information so that you can build a list to where you send your affiliate marketing campaign.
Find a way to keep in touch with the people on your list, and consistently promote the affiliate product and the additional products to them over time – but make sure that you’re offering good and value-rich information to them as well, to help build your credibility and maintain their loyalty.
When you’ve got your first affiliate product selling very well, it’s time to go into cross selling and upselling. This may take you from a few weeks to several months – but like any other business, it’s important that you are willing to spend the time, money and energy necessary to build your affiliate marketing business.
When you’ve got the first product and cross selling is operating at a profit, you can now expand. You could go into another complimentary product or niche. Or, If you want something more advanced go into competition with yourself. This is a trick used by some of the Internet Marketing gurus in different niches.
That may sound foolish – but think of it like this: by competing against yourself – especially if you’re able to place yourself onto the two of the top five positions – you’re actually just giving yourself a bigger slice of the pie!
When you’re the type of a person who gets bored easily, or is always seeking for a new challenge, you might want to go into a totally different and new niche. Look for something that doesn’t have any connection with your first niche.
Whatever you want to do, just make sure that you follow the proven formula for success. Build each product or niche until it becomes profitable before moving on to the next one.
After following the proven formula for success, you can just “soak, rinse, dry, iron, wear and repeat” to your heart’s satisfaction – and you’ll be able to watch your bank account grow higher!
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The Digital Expert :
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President at Digital Express Inc.
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Founder at Fab.Digital | Fab.Travel | Fab.Technology | Fab.Institute