There are
hundreds of variations of affiliate programs. Ranging
anywhere from “Paid To Read Emails” to selling e-books to
traffic exchanges, and a whole lot of other things in
between.
As an
affiliate, it is your “job” to advertise the program or
offer you are affiliated with.
Clickbank
and PayDotCom are probably the biggest of
all affiliate programs on the net. These two would be
your first choice when you're looking for products to
promote.
The aim of
your advertising is to create sales and/or referrals which
then pay you a commission. Or in the
case of traffic exchanges, you earn a
certain percentage of traffic on your own, and another
percentage from your referrals.
Affiliate
programs use a multi level marketing concept with
various referral levels
...anywhere from first hand
affiliates, which would be you... all the way down to
sometimes 10
referral levels or more, which would be the amount of people
you sign up, and the amount of people they in turn sign up,
and so on throughout the levels.
Affiliate
programs can be very lucrative if worked correctly.
There are
a huge amount of individuals who make a great income purely from working
them.
Nowadays, most large online business sites have some sort of
affiliate program attached to them, where the owners are
prepared to pay a hefty commission to people that send them
visitors that buy.
If you run
an online business of your own, think about adding an
affiliate program to it. Offering commissions and
incentives for other people to promote your product/service
is a fast and effective way to grow an online business.
There are
quite a few programs that help you manage your affiliates.
Most importantly, these programs make sure that your
indispensable salesforce get paid... and on time.
Check out the following to see which
might be right for you:
RapidActionProfits System
Basic one...
PHPAffiliate
If you're
not ready to set this up as yet... simply bookmark the site
with the program you're most impressed with, while
you're there.
I've never
forgotten meeting someone at an Affiliate Marketing session to an
internet marketing conference. This guy told me that
he'd never have an affiliate program for his products
because "why should I pay someone a massive commission?
It's me that's worked long and hard to put this product
together!" It took me a few seconds to realize
that he was serious! I told him that I'd rather
have 40% of "something" (most of our products attract a
60% commission) than 100% of nothing!
Maybe you'd
be interested in learning more about being an affiliate for
"NewbiesOnTheNet"...
here.
There's Affiliate marketing programs and
then there's MLM, Pyramid Schemes and Matrices.
Have you
ever wondered what the difference is? MLM operators
claim they're not operating a pyramid scheme. Matrix
and "forced matrix" operators claim that what they have is
better than MLM.
So what are the differences?
Pyramid Schemes are illegal in the USA, and probably in most
places around the world. We all know how these schemes
work, or at least get the gist of the idea.
A person
(the originator) starts by sending a message to several
people. Usually people he/she knows. The message
in some roundabout way, will tell everyone to send him $5 or
so...and then send the message to someone else.
All the
while adding names to the list, and each new recipient must
send money to the first person, second person...etc
There are a million variations of the Pyramid Scheme, but
the main attribute that defines a pyramid scheme (also known
as chain letter) is that there is no product, it's just
people sending money. The term "Pyramid Scheme" is
derived from the fact that it starts with one and the size
of those involved increases as you move towards the bottom.
On paper, it looks like the shape of a triangle, or pyramid.
How is MLM
different from a pyramid scheme? After all, on paper any MLM
looks like a pyramid in reality, right? The differences
are very simple. In MLM there is a product being sold.
Income is generated from "commissions".
It's
actually a pyramid scheme, except that the participants get
something back... regardless of whether the people they refer
actually pay for something.
In MLM, the
participant always gains from their investment. The catch is
in the value of the product that the participant receives.
This is the reason that MLM is so big on the internet.
Information
has a monetary value, and it costs the
distributor nothing... eBooks, software and newsletters
are the most common products used in MLM. MLM'ers have
added tangible products as well, and home products were the
first to use MLM as a primary marketing strategy.
With so many MLM programs on the market these days,
originators have tried to make their programs more desirable
than others. Hence the forced matrix idea. In a
regular MLM program, your monetary gains are based entirely
on how good you are at marketing the program. However, most
people aren’t very good. So it would benefit the less
talented if they had help from the talented.
Basically,
if the number of people who can join under you is limited in
any way...then it's a forced matrix. The idea being,
anyone else you refer extra will go under someone else.
The best implementations put the extra person under one of
the people YOU have under YOU. Hence it helps the
person under you, which helps you too.
The term "forced matrix" is tossed around a bit, and sometimes not used at
all. However, that is what defines a forced matrix.
Sometimes numbers are used to describe a forced matrix more
thoroughly....like "4 X 4 forced matrix" for instance.
This could mean that you can only have 4 people directly
under you and only 4 people under those 4 who you receive
commissions from.
There is a hybrid idea that has become common now, where by
a person can deliberately place a referral in another line
of their choice. A sort of traffic control attribute
that helps originators get their referrals interested.
This has been an attempt to make regular MLM more appealing,
and it has worked. In fact, forced matrix MLM’ers have even
implemented the option in their own programs.
The benefits of either are about equal. With a forced
matrix, you stand to earn an income faster, but increases in
income are slower because your referrals get forced further
down the line from you.
With regular
MLM you have a stronger base, and sustaining it is generally
easier...but first profits can be slow. If you want a little
income faster, go with a forced matrix. If you want
BIG profits and are willing to work a long time for it, go
with regular MLM programs.
We made our
own decision a while back, to provide a terrific backup and
promotional system to the affiliates who sign up to promote
our own products, but not to become involved in MLM. Your decision.
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