A number of
profitable home based businesses are online.
They use affiliate marketing Web sites to earn revenue. The Web
site is created with content relevant to a theme or interest,
such as party planning, weddings, honeymoon spots, travel,
motorcycles, and so forth.
The affiliate Web site generally has "in context" links to
an e-tailer (e-commerce) Web site. When a visitor to the Web
site clicks on a link, they are connected to the e-tailer. If
they purchase an item, the affiliate receives a commission.
The affiliate drives traffic to the e-tailer to increase
sales. By updating content and using viral marketing
techniques, such as "Tell a Friend," or "Bookmark This Page,"
the affiliate can keep traffic returning to their
home based business affiliate marketing
Web site.
There are three types of affiliate programs:
Pay-per-sale: payment is either a fixed dollar amount
or a percentage of sales.
Pay-per-lead: you earn a set amount when your customer
fills out a survey or requests a quote or information.
Pay-per-click: You are paid each time one of your
visitors clicks through from your site to the e-tailer's
site (such as google ads).
You place the affiliate ad or banner on your Web site. You
are assigned an ID by the e-tailer. So, when the visitor to
your Web site clicks on the e-tailer's link, your ID is carried
with the click. If the visitor performs the necessary action,
you earn a payment for your home based business.
The advantage of this type of home-based
business is that you carry no inventory and you have
low overhead. The cost to you is the development of your Web
site.
This is not a "get rich quick" scheme.
You have to develop a content rich site and you have to
generate traffic to your Web site to make this a
profitable home based business
opportunity.
What does it take for this business?
This home based business requires research, both online and
offline, organizational and written communication skills. You
need to be knowlegeable of Internet search techniques.
You need to be knowledgeable of techniques used for search
engine optimization and Internet marketing. You need to have
some knowledge of the theme or topic of your Website and/or be
willing to learn about it through research. You can turn your
favorite recipes, favorite authors, favorite vacations spots,
and so forth into a profitable home based business.
What do I need to operate this
business?
You should set up a separate space for your home based
business office. This will make it easier for you to focus on
your work.
The start-up cost for this business is low. You need a
computer and a printer. A business phone line is an asset. Your
other costs will include the design, development, and hosting
of your Web site.
As you develop your business, you will want to
use any free tools that will help you. As your home based
business grows, you will want to purchase more
sophisticated tools and they need not be expensive.
Basic Equipment and Supplies:
Computer
Printer
Keyword Analysis Software
Statistical Tracking Software
Search Engine Optimization Software
Content relevant Web site
You can review resources for this home based business
here.
What services do I provide?
An affiliate marketing Web site is a source of information
on a particular topic and sells products and/or services
related to the content of the Web site.
What are my potential earnings?
$100 to $100,000+ annually
How much do I charge for my services?
The e-tailers you affiliate with set the prices for their
goods and services. If you offer advertising on your Web site,
research similar sites for pricing guidelines.
How do I bill for my services?
As an affiliate marketer, the e-tailer you link to assigns
you an ID number. This number is attached to the link your
visitor clicks. If it is pay-per-click affiliate (such as
Google AdSense), you are paid for each click. Payment is
established by the e-tailer.
If it is pay-per-sale (such as amazon.com), you are paid a
fixed dollar amount or a percentage of sales as set by the
e-tailer.
If it is pay-per-lead (such as a survey site), you are paid
a fixed dollar amount as set by the e-tailer.
The e-tailer (merchant) or its intermediary, such as
Commission Junction or LinkShare, keeps a record and pays you
based on set dollar amounts accumulated monthly or
quarterly.
How do I market my business?
Offline
Create flyers and place them on community bulletin
boards.
List your home based business Web site in trade
journals and print publications related to the content of
your Web site.
Encourage visitors to your Web site through family and
friends.
Throw yourself a "grand opening" party by sending
invitations to family, friends, and local businesses. Hold
the grand opening in a restaurant.
Online
Develop a site that interests you.
Create "rich" content that provides the visitor with
information.
Develop your home based business Web site so that it is
optimized for search engines.
Use keywords so visitors can find your Web site.
Link your Web site to related sites.
List your Web site in online directories.
Write articles for online e-zines.
Affiliate with a company or companies that offer
products related to the content on your Web site.
Write articles for print publications related to your
Web site content.
Sell advertising on your Web site.
Use Google AdSense on your Web site to generate
revenue.
Develop a newsletter and/or blog to generate traffic
and to develop a mailing list.
Use viral marketing techniques to generate traffic to
your Web site.
Participate in newsgroups and discussion forums related
to the content on your Web site.
An affiliate marketing home based business
takes a lot of hard work and dedication. It is not a "get rich
scheme" but can be highly profitable if you are dedicated. You
can review resources for this home based business here.