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With an affiliate or MLM home business you do not need
to sell a product or service, but you sell someone else's product or
service. You are basically a commissioned independent sales
representative where you can partner with multiple merchants and
their affiliate or MLM programs. Willie Crawford's article
below, But What If You Can't Create Your Own Product?, offers
great advice on MLM & Affiliate home business
opportunities.
The real money IS in
creating and marketing your own products. You don't have to be
on-line long before that truth begins to sink in. It's no different
than off-line really. The off-line manufacturers earn substantially
more than their sales representatives. On-line, when you create your
own product, you become a manufacturer. Your affiliates are
commissioned sales representatives.
But don't rush into
creating your own products too quickly. Creating a poor products is
worse than not creating you own products at all. Word will soon
spread about your shoddy products, you will spend a lot of time and
resources promoting the products and sales just won't materialize.
Information, including information about the quality of your
products spreads very fast on-line. So create products that will
merit good press.
Why An Affiliate Home Business?
While you are waiting
to create that great product what do you do? While you are waiting
for that great idea to hit you like a bolt of lightening, what do
you do for income? You market appropriate affiliate
products.
Marketing appropriate
affiliate products really can earn you a nice, steady income - one
high enough to live off of. The whole key to succeeding at selling
affiliate products, while ideas for your own product ferment, is a
very simple formula. It is presenting the right product, to the
right audience, in the right fashion. Get any one of these parts of
the formula wrong and you're wasting your time! So let's look
briefly at each part of the formula.
What Product Should I Promote For An Affiliate Home
Business?
The products you
choose to promote is a personal choice but one you need to give a
lot of thought. You should promote products that you really like,
believe in, and enjoy offering to others. You should feel that the
products are so good that you are doing your customers a big favor
by making them aware of the products. You should believe in the
products so much that you consider it a dis-service not to tell you
customers about them. If you don't sincerely feel this way about the
products that you promote then it's time to change your product
mix!
The products that you
choose to promote should also pay a decent commission. It's very
difficult to recoup your promotional costs on a product only paying
a few dollars commission. There are best-selling affiliate product
that pay hundreds of dollars in commission per sale. Why not market
the high end products if you can. Also look for products that pay
residual income. Affiliate program where customers that you send to
the company is considered "your customers" are also highly
recommended. If you need help finding either, just email me at:
willie-35074@autocontactor.com for my current "Top Ten"
recommendations.
The products have to
be right for your target audience. Listen to, or survey your
subscribers and website visitors to confirm what products they want.
Listen in on discussion boards to see what problems they are trying
to resolve. Really listen to what they are saying in emails to you.
They will often tell you what products they really want. All you
need to do then is locate these product and make your audience aware
of them. If you cannot locate these product anywhere, you may have
discovered what product you need to create ;-)
Marketing Your MLM or Affiliate Home
Business
The final part of the
formula is presenting the product in the right fashion. Sometimes
that means sending a personal recommendation or solo mailing.
Sometimes that means running ads in ezines frequently enough to
work. Don't forget that you need to run an ad many times before many
of your prospects even become consciously aware of your product. You
can run the same ad 10 times, and then have a slew of customers
notice your product on the 11th time. The key is being in front of
your customer when they are ready to make a purchase. You also
present your products to your audience in private one on one email,
or in your signature file.
For "high ticket"
items, this is a big source of sales for me. The parts of your
formula are integrated. That's because your relationship with your
customers also enter the formula. It is a constantly shifting
situations but with some constants. Certain principles governing
human nature never change. To fully understand them you should begin
studying advertising psychology and copywriting. Your written
communication is what your prospects are going to see. It makes
sense to learn to create the best-written communications
possible.
You probably should
plan on producing your own products or services if you're serious
about being in business for yourself on the internet. You should
also makes sure that your products are of the highest quality. While
waiting for that great product idea, offer only the highest quality
affiliate products. There are thousands of affiliate products you
can market to earn a nice income, don't waste time marketing the
garbage. Long-term, when you begin marketing your own products, you
will already have a reputation for providing real value to your
customers. This will jump-start sales of your own
products.
Willie Crawford is a marketing consultant, author
and speaker, specializing in internet marketing. He has taught
thousands how to build successful on-line niche businesses. Get his
free 20-part Internet Business Success Course at: http://www.williecrawford.com/ Sign up
now.
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