Why Affiliate Marketing is So Effective to Make Money Online

In affiliate marketing as a business model, an affiliate makes money online simply as a business partner who helps a product merchant sell products with a view to earning commissions. Essentially, to make money online, an affiliate simply acts as a bridge that connects potential customers to e-commerce stores. It is a performance-based business arrangement and a great way to make money online. The main role of the affiliate in the business arrangement is to simply direct buyers to an e-commerce store. Once these buyers make a purchase, the affiliate earns a percentage of the sale as commission. The affiliate receives a commission for each buyer that visits the e-commerce website and makes a purchase. The more sales the affiliate generates therefore, the more money he makes. The actual terms of the collaboration and commissions payment depends on the affiliate scheme run by each individual affiliate program. Most reputable and very large e-commerce programs like SFI, Strong Future International, ClickBank and eBay run decent and profitable affiliate networks.

 

Here is why Affiliate Marketing is so effective.

As most digital marketers very well know, affiliate marketing has proven to be very effective in driving traffic to online e-commerce stores for several reasons, prominent among which are:

Progress is Easily Quantifiable: Each affiliate has a unique affiliate link or code for easy attribution of marketing results. Depending on the agreed interval of commission payment, whatever quantum of sales attributable to an affiliate can be easily quantified and commissions due calculated out of it. It is thus fairly easy for each affiliate to get an accurate picture of his returns.

Payment is Performance Based: In affiliate marketing business model, affiliate earnings and payments are performance-based. Affiliates earn commissions based on the work they’ve already done not what they are yet to do. On the part of product merchants, it always makes more budget sense to pay commissions out of the sales they’ve already made and at known internals which in most cases is monthly. Because affiliate marketing is based on performance, it ensures a better return on investment. What’s more, the traffic the product merchant receives is always relevant, since the products are promoted by well-matched affiliates. 

Building an Online Presence: Product merchants and affiliates are both independent business persons in their own capacities. They have their own audiences and marketing channels. When affiliates use their own online assets to compliment the assets of the product merchants, building online presence for products on offer becomes easier and faster. In marketing efforts, that is some collaboration that works well for both parties. Most product merchants tend to work with affiliates they believe are reputable and already have a strong online presence and great audience. This helps to better enhance the online presence and credibility of the product merchant.

Easy Tracking: Most reputable affiliate programs like Strong Future International, SFI, ClickBank, Amazon and eBay have in-house software modules that allow them to easily track and manage their affiliate programs. They are able to easily measure and monitor the performance of each affiliate in their network. This info is readily available to affiliates themselves to help them gauge their performance at any point in time. Such info becomes quite useful to help affiliates devise their own advertising strategies and marketing campaigns for better and more results-oriented marketing.

How to Transform Affiliates to Great Business Owners

Affiliates with employee mentality always want to get paid before rendering a service whereas those with business owner mentality always want to add value or render a service first before any rewards. With this distinction, it is easy to work on affiliates to turn around their mind sets. In that quest, here is what best you can do.

1. Talk them into accepting delayed gratification as against instant gratification.
2. Get them to work to render a service first to get rewarded later.
3. Show them the benefits of being their own bosses.
4. Let them see why it is better to be employers instead of employees.
5. Let them know that as business owners they have no fear of being fired.
6. Let them know that employees are a dime-a-dozen while employers are fewer and in a select club.
7. Let them know that employees have fixed remunerations whereas business owners have unlimited earnings.
8. Let them know that employees make money only when they work whereas a business owner earns residual income.
9. Tell them that an employee is only an asset in the system while the business owner owns the system.
10. Let them know that a business owner earns from his/her investments while an employee earns only by selling his/her labor.
11. Tell them that business ownership confers unlimited power whereas employees have very limited power.
12. Let them know that employers give Instructions/Directives whereas employees take Instructions/Directives.
13. Show them how employers lead while employees follow.
14. Show them the advantages of working to earn as against earning to work.

For these and many other reasons too numerous to mention here, your affiliates can easily see that it is best for them to see their SFI business like a business and to treat it as such. That is the best way for them only if they but knew.

Best wishes.

7 Timeless Lessons About Making Money

I always argue that money-making is not a modern science. The principles have been with us since ancient times, and they are as valid and reliable today as they have always been right from ancient times. Why then do many people find it difficult to make and grow money using ancient wisdom? Fact is, anyone can make money so long as they follow the rules. These here timeless lessons which our grandparents used can also be used by us for similar results.

01. Increase your ability to earn. No matter what business you are doing, it is within your power to increase your ability to earn. This is rather very obvious. The better your ability to earn, the more money you make. If you want to increase your income, you must increase your ability to earn. If you want to increase your ability to earn, you must increase your value to society. This you can do by improving yourself and learning more skills relevant for your increased productivity.

02. Control your expenditures. This you can do by striving to spend less than you earn. Somehow, earned money never seems to be enough for spending. It takes real discipline to keep expenses down while striving to increase your earnings. This is one very potent way to grow your money. If you are sincerely keen on making money/building wealth, it helps to get on a budget, and to start spending less than you make. The balance left can go into savings and or investments.

03. Guard your money from loss. Even if you are able to build up a lot of wealth through the careful investment of your money, you will discover that it is far easier to lose money than to gain it. What to do! Just explore ways to guard your money from loss through careful vetting of any investment. What that means is that you should not be reckless or stupid with your investments. The wisdom of the ancients says, "Guard thy treasure from loss by investing only where thy principal is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investments."

04. Insure a future income. You may be aware that your entire life is divided into three distinct segments namely, your learning years, your earning years and your yearning years. Naturally, as you age, your ability to earn income will drop. You won’t be as ambitious, your health will begin to fail and there is a very real possibility that you’ll someday die. That is inevitable anyway. Therefore, the smart thing to do is to plan ahead for the day that you will no longer be strong enough to be able to work. That is, during your yearning years, what can sustain your income will be returns from long term investments. Making profitable long term investments is a great way to “insure a future income.”

05. Make regular savings. This is what the ancients refer to as “make thy gold multiply.” In modern terms, you make real money through savings by way of “compounded interest.” That happens when you put your savings to work to earn more money. Habitually saving a percentage of your earnings, say about 10% over time accumulates somewhat and with compounded interest, your money grows exponentially.

06. Earn from investments. This is what the ancients refer to as “start thy purse to fattening.” It is one smart way to allow your money work for you. You can do a variety of investments, from stocks to real estate investing to gold. All of them yield money for you in a variety of ways even with a one-time investment. With good investments, you earn income around-the-clock 24/7 even if you do nothing else but watch.

07. Make where you live a profitable investment. In ancient times, this was the same thing as “make of thy dwelling a profitable investment.” In modern times, when it comes to matters relating to where you live, it is better to take a mortgage than to pay rents in perpetuity. Rents do increase over time, but mortgages remain relatively stable over a prolonged period of time. Therefore, with mortgages, you are making a profitable investment in the home you domicile. That is one great way to save money and to grow your wealth.

As you can see from the foregoing, making money/creating wealth is not rocket science. The principles may be very old and have been around since ancient times but they are just as important today as they were back in ancient times. Wealth creation and making money is not a mystery. It is not luck and it is not a secret. It is a repeatable process, something anyone can do if they are discerning enough. In fact, you can find all these principles in my favorite “little money book” published in 1926 by George Samuel Clason. It is named “The Richest Man in Babylon.” With it, Mr. Clason tells his wealth creation stories with a collection of parables which are as relevant today as they were in ancient Babylonian times. Get a copy of that little book for yourself today.