Thinking about a home business? Suddenly you’re immersed in a whole new language: affiliate programs, residual income, leveraged income, pyramid scams, HTML, gateway websites. It’s really not all that difficult and a mentor can be a trusted guide through the home business labyrinth.
There are only three main ways to work for yourself: sell your own product or service and keep all the profits; buy the right to sell someone else’s product and keep all the profits, and sell someone else’s products and keep a commission. This article is all about the third way, which is affiliate marketing.
Residual income is income that keeps coming in month after month, year after year, from work you do just one time. You sell a membership or a customer places a standing order for monthly shipment of a product, and you receive a commission every month thereafter. Leveraged income is earning money through other people’s efforts. We choose to be affiliates because when we sign someone up under us to sell, we profit from their sales too.
There are many reasons why you may be interested in starting your own affiliate home business. Are you having difficulty finding a job? Are you afraid of being laid off? Are you worried about your retirement savings? Do you want to stay home to care for a loved one? Do you wish you could say goodbye to your boss forever?
Whatever the reason, and whatever your financial situation, a mentor can help you build an online income over time. It won’t happen overnight, and it will take hard work.
How do you know if being your own boss and working on the internet is for you? How do you choose what kind of business to start?
A mentor can help you decide if an internet home business is for you. If you’re new to computers and the internet, he or she can suggest some great resources for learning the basics.
How do you choose what affiliate programs to join? A good mentor only recommends products she uses herself and programs she uses. I made my choices based on products in which I have a personal interest, the programs’ track records, and recommendations from entrepreneurs I respect. Careful research is the key.
Once you have signed up for affiliate programs, you may want to start out simply promoting the affiliate gateway websites you are given within each program. Gateway websites are personalized websites given to you by an affiliate program. They are the same for every affiliate, and you are not able to change them in any way. They include code that attributes all sales to you, and they allow for your contact information to be included. A mentor will show you how to promote these websites. Directing visitors to them is how you make your sales and how you enroll others.
Eventually, you will want your own domain name and website. I unequivocally recommend Kiosk.ws as a web host. You can start out for as little as $1, and Kiosk has support that sets the industry standard. There are conference room trainings and meet-the-president sessions, online help desk, and of course your referrer. Your membership includes too many business tools to mention here, but it’s everything you need to conduct business online. Plus Kiosk can eventually be a good moneymaker in itself.
Once you are the proud owner of your own website, you can add your own product pages, articles, testimonials…you’re only limited by your imagination. A mentor can set you in the right direction and get your business profitable sooner than you might believe possible.