Big 6 Online Business Model - Affiliate Marketing
Apr 13, 2008 Affiliate Marketing, Big 6 Model
Sorry guys… For two weeks I did not update this blog. I was busy with my college’s final exam and now it’s over!
I’ll continue with the Big 6 Online Business Model topic and today we’ll discuss about affiliate marketing. Affiliate marketing is one of the most lucrative models on the Internet. You can promote other people’s product and get commissions for your efforts without seeing a single customer or talking to anyone.
But Dennis, what are the strengths, weaknesses, opportunities and threats for this business model? Just read on, and you’ll find out…
Strengths: You don’t even need a domain name or website in some cases. You can earn huge commissions from up to 50% to even 100% commissions! You don’t need to focus on creating products - just drive traffic to the merchant site and watch your income roll in (if you do it right of course).
Weaknesses: You will need to search for a good affiliate program and build up traffic in order to see results.
Opportunities: There are unlimited opportunities because there are always new products coming out each day and affiliates are needed everywhere!
Threats: You are competing against THOUSANDS of affiliates out there and those affiliates are your competitors. Some programs even offer two-tier program and established affiliates probably have dozens of affiliates under them as well.
Recommended Resources:
- Register as an affiliate at Commission Junction, ClickBank, PayDotCom or/and Amazon. Find good products to promote! By the way, it’s all free!
- If you’re new to affiliate marketing, you should try out Clickbank Profit Machine by Dylan Loh! This is a step-by-step program designed for newbies and intermediate marketers where you will learn how to make massive money from ClickBank - Sounds hyped, but seriously you need to check it out yourself
That’s all for today! I hope you’ve learned something from this article today. In coming update, I’ll discuss with you on the third online business model, Online Network Marketing - also known as Multilevel Marketing or MLM.
If you have something to add or comment about affiliate marketing model, please leave your comment below.
Talk to you soon!
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April 16th, 2008 at 6:20 pm
Very nice
btw very good tips i will use them. Some of them i did not knew.
April 23rd, 2008 at 3:29 pm
Very good information
I see there are realy useful tips. I am going to use some
April 25th, 2008 at 1:28 pm
Thanks for visiting my blog. I’ll provide more quality contents in the future…