Successful Web business model: Affiliate
Successful Web business model: Affiliate programsWhat if you could have your own personal online super mall that allowed you to sell any and all of the hottest products on the Internet for a significant commission without the headaches of setting up your own web site? What if your site were set up for you complete with pictures of the products and and online order form? What if you had to provide only limited customer service and training and could spend most of your time finding more business? What if you could have the freedom to just market products and receive a check in the mail a few weeks later for the products that were purchased?
Well, this program does exist ... and its called an affiliate program. The money being generated on the Internet today through affiliate programs is astronomical, and experts tell us that this trend will continue to explode over the next several years.
So what is an affiliate program, and why would you want to get involved with one? Affiliate program is the name given to a company that allows independent affiliates, associates, or distributors to refer business to a company in exchange for a commission. The most well-known affiliate program on the Net is the world's largest online bookstore, Amazon.com. One of the reasons Amazon has been so successful is that they pioneered the first megasuccessful affiliate program. Let's review how it works.
Suppose you want to become affiliated with Amazon. You register with Amazon as an affiliate or associate by going to www.amazon.com. Then, with the help of Amazon, you set up your won personal Amazon.com bookstore. As you start promoting the book titles on your web site, your visitors purchase these books based on our recommendation. In return for your referral business, Amazon sends you a 5 percent commission each month for your cumulative referral business. Pretty slick, eh?
Well, if you think the Amazon model is powerful, wait until you see some of the other new affiliate programs on the market. And you don't have to limit yourself to just one programs on the market. There are thousands of similar programs on the Net offering even more dynamic benefits and the opportunity to earn hundreds if not thousands of dollars a month.
How much can you earn? Imagine that you are marketing an affiliate product on the Internet and netting $20 per product unit sold.
New affiliate programs are popping up all the time. It's temping to get involved with dozens of programs. One distinct advantage of affiliate programs is your ability to successfully manage multiple affiliate programs simultaneously. Affiliate programs on the Net are just in their infancy. When you turn loose the creative juices of the smartest minds in the world, you have access to opportunities that people in the "real" world can only dream about.
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