Affiliate Marketing Is The Ideal Business For Internet Newbies

Affiliate Marketing Is Just Plain Simple. It really is. Affiliate marketing is not always easy in practice, but it is just plain simple in concept. You may have seen this form of marketing referred to in other ways such as: "incentive based marketing" or "referral marketing". So, what does this all mean? Here's the down to the core definition: Affiliate Marketing Is The Advertisement and Promotion Of Products By A Third-Party (The Affiliate), In Exchange For Commission-Based Compensation. That's the fancy way of saying it. Let's put it into even simpler terms with an example… Pretend for a moment that you enjoy going fishing. It's one of your hobbies. You've bought a lot of fishing equipment, and even shop for it online. One day you think to yourself: "You know, I enjoy fishing so much, I should create a business around it. I'd love to sell fishing gear online. The only problem is I don't have enough money to start, and I don't know the first thing about creating websites." Affiliate Marketing to the Rescue! Just when it seems all hope is lost, you make a life-changing discovery. Your favorite online store for fishing gear has something called an "Affiliate Program". You dig into the details and discover that: • The owners want more traffic to their website, so they can make more sales. • They are willing to let you drive this traffic to their website. • They are willing to PAY you whenever so meone you send to their website buys some fishing equipment from them. They won't pay you full-price, but they will offer you a percentage (commission) based on item price. Now all you have to do is sign-up as one of their affiliates, learn how to market their products, refer new customers, collect your commissions, and get into business online instantly – without the need for your own product or wasting a whole lot of time. It’s perfect. Why Is This The Ultimate Business Model? Here are the points I want you to consider from the previous example… 1. You're essentially 'selling' fishing gear now as if it were your own. 2. You didn't have to buy any fishing equipment or mess around with inventory storage or business licenses for making wholesale purchases. 3. You've no inventory to keep track of. 4. You'll never have to ship anything. 5. You'll never have to handle the credit card transactions. 6. You'll never have to handle refunds, returns or customer inquiries. 7. You don't need to set up a monster website with a shopping cart! Nope - you don't have to do a thing except refer traffic to the merchant's website thru your personalized affiliate link. Then, when someone clicks on your link to go to the website, you'll receive credit for whatever action that visitor takes. If the visitor just browses around and leaves, you'll still see a 'hit' recorded in your affiliate statistics, so you'll know you've referred some traffic. If that visitor decides to buy, say, a rod or a tackle box, you just earned yourself a commission! Do you see the beauty of this? Compared to the merchant, your overhead cost of doing business is insanely low. Yes, in order to succeed, you will need to make some investment in advertising and in tools (like web hosting, autoresponders, etc) but your costs will never come near what the merchant pays to float his operation. Low start up costs and low, long-term overhead = more profits for you…