You CAN Make Money Without A Product!
You CAN Make Money Without A Product!
You CAN Make Money Without A Product!
The internet has introduced giant money-making opportunities that have been unknown up until recently, at least not to this extent.
Prior to these online opportunities people were still able to make money as a middle man or commission agent, without creating or actually handling the products. All a commission agent would have to do was introduce buyers to sellers, then receive a commission if a deal goes through. However, the agent would usually have to have specific knowledge, along with an extremely good list of contacts.
However, the internet has given this same opportunity to virtually anyone. Today, Affiliate Programs on the internet are full of products that cover almost every possible market, and these programs are open to anyone who can supply a genuine, legal and decent amount of traffic.
Put simply, an affiliate program allows a merchant with a product or service available for sale via a website, to provide affiliates with a unique link that tracks visitors sent by that affiliate. If the website visitor purchases that product, the affiliate is paid an agreed commission. There could of course be many variations to this model. For example, some merchants might want to pay for every click to their website, regardless of whether the visitor makes a purchase or not. Or perhaps pay per lead, or cost per action, where the affiliate can earn commissions just for delivering a prospect to the website such as a newsletter subscriber or a request for a free trial.
The affiliate business model obviously benefits both merchant and affiliate. The affiliate receives a substantial commission while the merchant makes a sale that he would otherwise have been unable to make, or which he might have had to work a lot harder to generate.
The biggest catch for an affiliate is that his earnings are completely reliant on the merchant continuing his business and continuing to run an affiliate program. However, this risk can be easily reduced by promoting a number of products, reducing dependence on one single merchant. Given that there are thousands of affiliate programs available online this is achievable without any problems. There are many Affiliate Networks such as Clickbank that bring thousands of affiliate programs together on one site. These sites provide the convenience of being able to access a number of affiliate programmes, along with providing features such as affiliate tracking and a variety of other benefits.
There are a lot of positives as an affiliate:
1. A lot of products nowadays pay incredible high commissions of up to 75&, in some cases the whole 100% or possibly even higher! Digital products especially offer the highest commission rates along with instant delivery making them particularly attractive to affiliates.
2. Minimal Risk - If a certain affiliate campaign does not generate significant results the affiliate can simply move on to a different product. He does not have any money invested in stock etc, so he can essential have zero risk.
3. An affiliate business model literally provides you with an opportunity to make money while you sleep - The affiliate simply uses affiliate links to send people to the merchant's website. When a purchase is made the merchant processes the order and sends the affiliate his commission all with little or no direct interaction from the affiliate.
4. A variety of different products are available, none of which need to be created, bought or stocked. This results in the affiliate having minimal or no overheads and not having capital tied up in stock.
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