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The Lure of Affiliate Marketing: Building Blocks of an Online Empire

October 27, 2009 by · Leave a Comment 

The Maverick Marketeer asked:  

With the recent rise of the affiliate marketing industry as a true online wealth building powerhouse, a steady stream of aspiring entrepreneurs are taking full advantage of the affiliate marketing boom.

Unlike the older online business models which would call for the tedious tasks of website design as well as product design and placement, the affiliate industry allows marketers to generate significant revenue with hardly any setup cost.

Successful online business owners, the savvy bunch that they are, recognized the great potential such a hungry and egger sales force presented.

For the companies with product to sell, affiliate programs allow them to greatly increase product exposure on a paid for performance commission basis.

For newly inducted online entrepreneurs, affiliate programs represent a real opportunity to make serious income online without much of the risk, research or investment associated with product development and placement.

While securing a solid financial base through affiliate programs, new online marketers also manage to hone their skills among the marketing elite of e-commerce.

Besides the financial aspect, affiliate marketing also provides a golden opportunity for those looking for long term gains and high end profits, to gain the experience necessary to take full advantage of all the unbelievable benefits the net has to offer.

This kind of experience has indeed put many on the fast track to building their own online empires one affiliate marketing program at a time.

Of course there is always the matter of deciding which program is right for you. There are as many options available as there are stars in the sky.

Be sure to do your homework to determine what your potential program has to offer. Even the best compensation plan won’t mean much, unless the product boasts a fair amount of demand, just as the hottest selling product should provide a fair return on your time and effort in making each sale.

Once you’ve chosen your affiliate marketing program and got down the basics of promoting your products and collecting reasonable rewards for your efforts, you’ll likely have no problem duplicating your success with additional products.

As you manage to continue to build your online empire you also have the option of creating your own products and services to leverage all your hard won experience and know-how.

This is by far the most easy to follow blueprint for success online.

First, gain knowledge and experience with little to no risk marketing affiliate products.

Once you have a formula that works, repeat your success with additional products.

Finally, gain the maximum leverage for you knowledge and expertise by creating and selling your own products or services.

Lastly, you may consider creating your own affiliate program to further increase your marketing exposure.

So, for those of you who are considering the possibilities, consider this. With the incredible amount of commerce that takes place online, some analysts estimate that those sales account for less than 5% of all transactions.

Ecommerce is still a relatively new commercial outlet that’s already revolutionized the way the world now does business. In the years to come many more fortunes will be made online than in any other sector.

The next incredible success story the world hears about could very well be your own.

If I have seen farther than others, it is because I was standing on the shoulders of giants.

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