Just about every kind of business model has been brought into the online arena, but one appeared to stand out from the rest. One business model has clearly shined through its Internet lifetime and that is the Affiliate-based Business. The promise, today, is the same as it was in the offline world: Use your own methods to sell products that are given to you by the parent company. You also have the option of recruiting sellers to join the company and if you succeed, you will see a percentage of every sale that THEY make. That is a bit of Multi-Level Marketing, but it's important to know all aspects of the most successful Affiliate-based Businesses.
One of the major reasons that Affiliate-based companies have been so successful online is simply because of the sheer number of people that you can reach via the Internet these days. As telecommunication prices plummet, more and more and more people from more and more parts of the world are able to connect to the Internet and to the global economy.
Affiliate programs have been so successful, that the largest corporations create some sort of Affiliate program as part of its Internet strategy. Companies like Barnes & Noble Bookstores, the largest US book retailer, and Walmart, the largest retailer in the world – have both installed Affiliate programs.
The Right Stuff
Unfortunately, because this business model is so successful, even the not-so-honest businesses are trying to cash in. They'll tell you anything you want to hear to get you to cough up some quick money. That's why it's critical to research every opportunity you might be interested and to help you in your research, it's important to know:
The 5 Components of a Profitable Affiliate-based Company
1. Quality Product. Dependable Business Opportunity.
It does not matter how flashy, clever or vast a website is. If its product is forgettable or ineffective, it will not sell. Study the product and study the market to make sure that it's something people want and will continue to want. You'll also want to know that the business opportunity is sound. Are you financially rewarded for acquiring new members into the program? Is it fair? That leads to our next point.
2. A Fair Commission.
Simply put, if the company you're researching is offering less than 10% commission on each sale, just say no. There are too many legitimate, successful opportunities out there offering 10, 20, 30% or more. Do not waste your time with anything less or your wasted time will quickly break your spirits.
3. A Reputable Company.
So maybe the company you're researching offers a huge commission, like 50% or 70% even. Sounds good and you might be tempted to just pay whatever it costs to join before you miss out right? Please say it is not so. If it sounds too good to be true … it might be. Just go to the Better Business Bureau to see how the company has performed. Find out how long they've been in business. An established, successful company will have a successful past that should prove its effectiveness.
4. It's the Management.
In the investment world, many financial advisors simply look at the investment managers to see how they have performed over the years, because stocks go up and down, but great managers will spot the winners a majority of the time. The same goes for company leaders. Honest, hard-working, knowledgeable management will likely shape and be a part of a successful company. Try doing a Google search on the top executive names you see on the website. And if you do not see any names … do we need to tell you that it's not a good idea to fork over your money at that point?
5. Proper Support.
Nothing will make you feel more uncomfortable than when you go to an company's website and you feel like you're in a city: there's flashing lights, looks like a lot of people are there, everyone seems to want to know you … but the moment you pay to join, it looks like you're in a desert. Anything that's alive just wants to eat you. The point here is this: If you can not get phone support – fast – you do not want get mixed up with that company. Problems will arise, that's not negative, it's just a fact of life and when they do, you'll want to have a fast, effective support system available to you. Look into their support system and make sure it satisfies.
Choosing an effective Affiliate-based Company will require some simple research, but once you put in that time and find one that offers a true opportunity for success, you give yourself the best chance to succeed. When you're in a great program, you'll see how great it is that you do not stock product, you do not worry about shipping and, sometimes, you do not even need a website. It's all done for you! To put it simply, you only need 3 things to succeed in an Affiliate-based Company:
The Passion, The Plan and The Perseverance.