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FIB - Scams 101 - Ye Olde Archives
Posted By: NewBizMan In Response To: Yes you can indeed make money with affiliate programs... (Jim Wilson)
Wednesday, 26 October 2005, at 8:09 p.m.
Jim,
Thank you so much(X100) for your explanation. It is so helpful and easy to understand. I'll get back to you if I have more questions.... Thanks again.
> But like anything else worthwhile it takes work.
> As far as an explanation of what an affiliate program is, basically it is
> sort of like contracting to market for someone else in order to earn a
> share of their profits. It is a nice symbiotic business relationship.
> For example....
> Say I own a website online and I sell widgets. I alone can make some sales
> and some income but each sale cost me a certain amount in money in order
> to advertise. And what is more valuable is the time it cost me to run
> those ads and manage all of the sales details.
> And so I decide to setup and affiliate deal. I offer 50% for each sale you
> make on the first level and I even offer up 10% for any sub-affiliates you
> sign up for me. Yes this means I only make 40% of the sales proceeds but
> now I will have more time to expand my business ventures and there is
> little or no overhead cost in advertising. So in the long run it works out
> well for me to allow you to share in my sales profits. You are happy to
> sell my widgets and make 50% for each sale. You are happy to get
> sub-affiliates to sign on under you and make you a little additional
> income. And I am happy that I now have an army of people selling for me.
> Affiliate marketing is all about the residual income. What I mean by this
> is not the money you make now (today) but the money you continue to make
> for months or years to come. Ads you place now may continue to make sales
> online for literally years to come. Sub-affiliates may continue to make
> sales which earns you money again.
> And so the next natural question is how to go about selling affiliate
> deals. I personally find a little success marketing online auction related
> affiliate deals. This is largely because my own site, AuctionHints.com, is
> all about online auctions. The point of this statement is simple; if you
> build it they will come DOES NOT WORK online! You have to try to find some
> sort of niche', develop a site around this, and then you can make money on
> the side marketing affiliate programs. Or you can learn other marketing
> techniques and basically place ads in various places (newsletters,
> offline, and pay per clicks for example) and make sales. You need to open
> you mind and learn how to market online.
> I could go on and on with this explanation but I think you get the idea.
> There is indeed money to be made via online affiliate marketing. You just
> have to know a little something about marketing to take advantage of this
> potential residual income source.
> Good luck! I hope this helps...
> Jim Wilson
> AuctionHints.com
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