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How about
affiliates? What are
benefits they get from an affiliate relationship?
No product or service to carry Online business with your own product or service might be rewarding, but it requires substantial investment from your part. With carefully chosen affiliate programs you can have your online business without
requirement of having your own products.
The investment is low as all you need is a website.
No need to have a merchant account Since you don’t carry your own products or services you do not have to go through
hassle of having a merchant account to cater your clients. Your affiliate program owner will do everything. All you have to do is supply clients through your designated link.
Possibility of residual income Many programs pay you a commission from
sales made to
customers generated from affiliates, who have signed up as an affiliate following your link. This kind of affiliate system is called 2-tier system.
Visitor tracking system allows affiliate programs to pay you a commission when same visitor from your website makes repeat purchase.
Some affiliate programs that promote monthly or yearly subscription services pay a commission each month as long as customer referred by you stays subscribed.
Complement you website with added products and services If your site is dedicated to certain products or services, there must be other stuffs that go well together with your own products. It’s a good idea to seek out viable affiliate products of these items and promote through your site. Your visitors will love this and this will help building loyalty among your visitors.
Have new contents for your site many affiliate programs supply you with valuable marketing materials. Some of these materials can be nice addition to your site content bringing further value to your website.
Various Affiliate programs
There are two ways of running an affiliate program: The company owns and handles
program itself, using certain software.
The company uses third party administered affiliate programs. The reasons why many companies prefer to hand over management of their affiliate programs include technical aspects, cost factor and human factors.
– Companies do not have to spend money on developing, running and updating
software. – Proven technology allows companies to concentrate on their job of selling their products and services. – Many prospective affiliates prefer third party managed programs, because they rightfully ponder, in this case
program owners have less chance to cheat their affiliates.
Find below a list of some leading third party affiliate program administrators:
http://www.befree.com http://www.linkshare.com http://www.cj.com http://www.clickbank.com
However, this does not mean that you should avoid company run affiliate programs. On
contrary, some of
most successful and best affiliate programs are run by
owners.
If you find an affiliate program that suits your requirement and you feel that
company is a reputable one, by any means you should give it a try!
