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Small Biz Articles Archive Category: Affiliate Programs
 
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"Affiliate Internet Marketing - The Ideal Home Business"


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Thursday, March 19, 2009

Anyone can do affiliate marketing from home. All you need is a computer, an Internet connection, and you are good to go. The first thing you need to do, is to find the right market.

It is very difficult for new marketers to find the right market. Usually, highly experienced affiliate marketers know how to conduct research and spot opportunities on the Internet. This ability doesn't come easily. A lot of time is needed to experiment to learn how to find the right markets.

One quick way to pinpoint a lucrative market, is through affiliate marketing. Affiliate marketing basically means that you will be promoting someone else products. You only make money when a sale is made. If you don't sell, you don't earn anything.

The key benefit of affiliate marketing is that it's risk free. All you got to do, is to start driving traffic to the offer. All it takes is a hundred visitors or so, and you have all the data you need to make an assessment for the offer you are promoting.

This is ideal for market research. You don't need to spend thousands of dollars developing a product, only to find that the market is not receptive to what you have to offer. Once you find a strong offer, make plans to penetrate the market.

Everything starts from your affiliate marketing efforts. Using this simple approach, you can even test out several markets at the same time. You get all the market research you will ever need in just a few short days.

After that, simply focus more on the profitable markets. Simply scale your business by repeating what you have just done to rake in more cash.

To scale your internet business, you may wish to build a list. It sound simplistic, but list building works.

Here is an example. Let's say you start off with just one product, and you sell it for $47. When you make a sale, you earn 47 bucks. If you make 10 sales, you make $470. To make more money, you have to acquire more customers. If you don't, you can't grow your business.

Let's assume that your customer base doesn't grow. Is there a way to grow your business? You can continue to develop more back end products. You are trying to sell to your existing customer base. Each customer is worth more to you now.

A customer lifetime value is the amount of profits that you make from the same customer. For instance, an individual who spends $10,000 with you over the next 10 years has a lifetime value of $10,000.

Things get exciting from hereon. Every customer equals a lifetime value of at least $2000 to you. You can spend $1000 to acquire the customer and still make a profit.

To make money, affiliate marketers must repeat the sales process. They make an up front sale of $47, and then they forget all about the customer. Build a list, and focus on serving the same customers over and over again. It's much easier to sell to an existing customer than to sell to a completely new customer.

Setup a simple squeeze page to capture the contact information and keep in contact with your customers. You may very well be making 10 times what you are making now.

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