There are many different avenues in which to pursue an online home based business. The way I prefer is affiliate marketing.
What exactly is affiliate marketing?
So what exactly is affiliate marketing you may ask? According to Wikipedia the definition of affiliate marketing is “a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts.”
The way I define it is; think of yourself as a Salesperson (affiliate) for a company (merchant). When you make a sale for that company they pay you a commission. The great part of affiliate marketing is that all your marketing can be done via the internet. You don’t have to meet with people or make phone calls, etc. You are simply directing people on the internet to your merchant’s site, and when they buy something the merchant pays you a percentage of the sale known as a commission.
Affiliate marketing works for the company (merchant) and the affiliate (you). By utilizing affiliate marketers the company gains free advertising to a large market, which increases their chances for more sales. The more affiliates they have, the more sales they can expect.
By getting affiliates to market their products and services, they save time, effort, and money (the company doesn’t have to pay to advertise) in looking for possible markets and customers.
How Do I Get Paid as an Affiliate?
When you become an affiliate for a company or product, the company assigns you a unique “link” to identify you and your sales with.
You can promote this link in any number of ways, such as a blog, website, Facebook page, You Tube video, Pinterest, etc. When an individual clicks on the link it will redirect them to the product/service website you are promoting. If this individual purchases something while on the company’s website, the company will recognize the link they came from as you (affiliate), and will pay you a commission on anything purchased by that individual.
Who Can I be an Affiliate For?
You have thousands of options when choosing who you want to be an affiliate for. My suggestion is search for a product or service you love and check to see if they have an affiliate program available. Some examples of companies that have affiliate programs are; Amazon, Wal-mart, Target, Best Buy, Shareasale, plus thousands of others. Many individuals, and product creators use sites such as Clickbank, and WarriorPlus to promote their products and manage their affiliates.
Is Affiliate Marketing for You?
I personally prefer affiliate marketing for my home based business. Keep in mind though; there is no quick and easy path towards success. Affiliate marketing may seem very easy but it entails great deal of hard work on your part. Also, you must realize if you become an affiliate marketer you are effectively creating and running your own business.
It will take your time to run that business, so if you are passionate about what you are doing then you can be successful, if not then you are doomed to fail. Be creative, be smart, patient, and persistent and you can achieve your goals.
I hope you now have a better understanding of what affiliate marketing is. For more great information regarding anything internet marketing related, check out the rest of my site.
To your success in your online endeavors.