subject: Make More Money From Home Online By Learning Affiliate Marketing [print this page] Its simple, the more people that you have putting energy into building your business, your customer base, your bottom line the more profitable you are going to become, and the more money you are going to make.
The amazing thing about this is, that this by no means requires that you need to directly employ a lot of people, especially when your business is online.
In the internet marketing world, the online business arena a really quick and effective way to market can be to partner with someone else, known both as affiliate marketing and joint ventures.
I'll give you an example of how affiliate marketing works for me. We sell products that sell for anything from 97 euros to 2,997 euros. Right now, we've built up a decent list but at the beginning this was not the case. So we sought out people that were willing to promote our product.
The arrangement was they brought our product to the market. In other words they recommended our product, or simply told their contacts about our product and suggested they check it out. In exchange for every sale made, we paid our affiliates 50% of the ticket price. This is not a fixed percentage with affiliate marketing, but our reckoning was that the more generous we were with commission, the more motivated our affiliates would be and the more likely we would be to make sales.
This allowed us to get our product in front of a lot of people relatively quickly. Like any sales team it is extremely important to maintain contact with your people to make sure they don't forget you/ your product, to encourage action, and to create a flurry of activity - that is intended to result in sales.
To effectively affiliate market, as I have already stated you must excite your affiliates, and maintain interest. A good way to do this is to offer is to offer prizes to your top selling affiliates. At the real high end it could be a car, and I know that other internet marketers have used the Ford Mustang to tremendous effect.
More typically, its a laptop, an iPhone, a Playstation or some similar electronic device. Many of which can be provided by the occasional corporate sponsor. To communicate with your affiliates I highly recommend using an autoresponder, that sends email messages to your affiliates on set dates and intervals, for example every 1 day, 2 days, 3 days, weekly or irregularly however you choose
basically.
Then you can back this up with sporadic and direct email communications with your affiliates known as broadcasts, for example announcing that the affiliate team has just hit so many sales, or that you've got a Special Prize for whoever sells the most by noon on Friday.
The bottom line is that if you have something to promote, especially (although not exclusively) if your business is online, then affiliate marketing also known as joint ventures is a critical piece of the complete marketers marketing arsenal, and must be engaged and taken advantage of at the earliest opportunity.
