Affiliate Marketing is probably the best home based business idea for people who want to start something of their own with no or low cost.
It is in fact way simpler than you think, but it doesn’t mean you don’t need to do anything! You have to work hard while making smart decisions for the success!
You can start in two ways;
1- Setting up your own Affiliate Program; letting people signup as your affiliates and you pay them a commission when they make a sale for you.
2- Signing up for an existing Affiliate Program; select your niches, set up a sales channel and sell other people’s goods for a set amount of commission.
So, the first step is selecting your way to go, depending upon your expertise, product idea and prevailing market conditions.
If you have a ‘product’, let it be a tangible or a digital one, you may think of choosing option 1. Otherwise, if you are good at sales yourself and you think of it like setting up a website, developing relevant content, bringing traffic to the website, you can succeed with option 2.
Whichever the option you select, getting complete strangers to become your affiliates or want them to click on your affiliate links is something really challenging. It takes trust; from your visitors as well as Search Engine Spiders and that’s the only challenge.
There are many misconceptions about affiliate marketing, and you must have a clear mind before starting. We’ll discuss those misconceptions and the ways to meet those challenges in coming posts!