Building An Income Empire with Affiliate Programs

There are thousands of ways to make money online. Join survey groups, sell items on ebay, be a web designer, etc. But one of the easiest way has to be making money with affiliate programs.

What are the advantages of joining affiliate programs?

Essentially, an affiliate program is a program that recruits affiliates aka sales persons to promote their products and services. In exchange for their services, affiliates are paid commissions on completed sales. This is a simple concept.

And who are the affiliates? You and me.

Most affiliate programs are free to join and you can promote any number of products. There are several major affiliate networks around for a newbie to start with, such as ClickBank, PayDotCom, etc. These networks offer a huge range of products.

The best part about joining affiliate programs is that you only need to promote. All the back-end after-sales service are provided by the program creator.

Which affiliate program to join and promote?

Do a little research on the affiliate program before you jump into it. The internet is flooded with many programs. But not everyone is good. If you choose to promote ClickBank products, find out which are the most popular products, which has the best sales letter and which one converts the most, ie generate most sales with the same amount of traffic as compared to other programs. A conversion rate of 5% is reasonably good. This means that out of every 100 visitors to this program website, 5 will buy.

You can check out CBEngine to research on the products.

Personally, I like to promote programs that offer recurring commissions with a one-time sale. You can find many of these programs such as webhosting services, autoresponder services, traffic generating tools etc. These businesses offer monthly subscription services and many provide affiliate programs which pay monthly commissions for as long as your customers subscribe for their service.

What if you want to do more to really build an income empire?

Say you have managed to achieve some margin of success in affiliate marketing and want to shift your income gear higher. The one way used by many successful marketers is to start your own affiliate program and register it with affiliate network such as ClickBank. Recruit many affiliates, ie your own army of sales persons and that’s it! That’s really the secret behind becoming hugely successful.

To find out more, you can read this.