Friday, December 21, 2007

Affiliate Profits - A Blue Print For Financial Success

Affiliate Profits - A Blue Print For Financial SuccessWhat Is An Affiliate Program?

According to experts, this is a partnership with an online merchant in which the affiliate earns a commission for referring sales and/or leads to the merchant's online store.

In other words, in exchange for a fixed dollar or percentage sales commission, an independent distributor refers business or customers to an online company.

Commission Structure

Pay-per sale: a fixed dollar amount or a percentage of sales made is paid to the affiliate.

Pay-per-lead: the associate earns when a prospect fills out a survey, asks for further information or requests for a quotation.

Pay-per-click: the referrer makes money each time his affiliate link is clicked upon.

What Are The Advantages Of Affiliate Programs?

*Production costs are zero for the affiliate. This is because product development, packaging and branding have been done by the merchant.

*Cheap set up/low startup capital. All you need initially are a computer, word processor and internet connection.

*Affiliate programs are free to join and associates need no licenses and pay no fees.

*There are few restrictions on what can be sold online.

*Marketing materials are provided by the merchant and therefore you need no prior sales experience.

*There is no need for permanent or part-time employees. You can outsource occasionally if necessary.

*The affiliate does not have to set up merchant accounts.

*The associate does not have to keep inventory, process orders, package or ship orders.

*The merchant takes care of customer service (complaints, etc.).

*Even while you sleep your business makes you money in a global market

with minimal risk and high income potential.

How To Evaluate Affiliate Programs/Services

Ensure that the program is relevant to your website or page.
It should complement your existing business.
The merchant's website must be attractive and functional.
Each quality product or service must have a reasonable price.
The affiliate should have firsthand or good working knowledge of the product or service.
The merchant should give excellent customer service...

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