Affiliate Products or Create Your Own?
You Decide...
by: Mal Keenan
Every business need products or services to sell and
without these you DO NOT have a businesss. Makes sense,
right?
If you are thinking of starting an online business
you need to decide whether you want to sell your own
products or whether you want to do as I do and sell
other peoples' for commissions.
I have been making a full-time income from home as an
Affiliate Marketer since 2004. I sell other people
products and services.
If you are new to online marketing you may not
believe it is possible to sell without ones own
products. I was convinced when the company checks
started rolling in.
Let us first look at some ideas for creating your own
product.
Discovering what people need and want is tantamount
to finding a lucrative market for your work at home
business. There are three things you should look for in
determining the profitability of a particular market:
1. How great is the demand? 2. How scarce is the
supply? Or restated, how much competition will you
encounter? 3. Will you be able to provide for this
demand?
If the answer to all the three considerations above
are favorable, then you have for yourself a good market
that your online home business can cater to.
Of course, there are some tricks and tactics that you
could use to find ideal markets. Here are some of them:
* Go to
www.inventory.overture.com or
www.nichebot.com and type in the type of business
you wish to pursue. The results will show how many
searches were made, direct or related, for that
particular subject over the past few weeks.
* Make a search for the same business type in any of
the search engines. These results will show how abundant
or scarce your competition will be.
* From time to time, there are special reports that
are published which enumerate hot niches waiting to be
exploited. Niches, of course, are highly specialized
markets that most businesses tend to overlook.
Once you find a market, it's time to come up with a
product. Information products, ie. E-books, are the most
ideal for your online home business. They can be
digitally delivered, and they don't require physical
space for stocking.
There are four popular ways by which you could come
up with an information product for your online home
business:
* You could create these products yourself. Maybe you
are an expert in a certain area? Could you write a
special report? Don't forget to check out if there is a
demand for the info as outlined above.
* You could hire someone to create them for you.
Elance.com
is a favourite for online marketers to have products
created and I have used them on quite a few occasions
myself.
* You could use existing products that have been
created by others, through the purchase of their resale
rights.
Mike Hill is an expert on using Public Domain Works
for this purpose. You can check out his site here:
http://www.malkeenan.com/offers/publicdomainworks.html
Then there is Affiliate Marketing.....
You can join affiliate programs in 1000s of different
markets in almost any topic imaginable and choose to
pre-sell any of the products they have to offer. As
mentioned above this is my preferred method.
When choosing affiliate products you want something
of quality which also offers high commissions. Most
quality affiliate programs will also offer tools in the
form of graphics and pre-written ad copy to help you
make your money.
Some affiliate programs will offer 75% commission to
you for selling their service online. I would be looking
for at least 50%, especially for low priced products
like e-books.
For high priced items, marketing seminars, marketing
course etc. I would expect 30-50%.
The benefits of selling affiliate products is that
you don't have to worry about payment processors nor
product support, which can be a nightmare.
Selling affiliate products frees up a lot of my time.
The way I see it, there is no point working at home
unless it allows me more freedom to do the things I like
to do.
Whether you choose your own product or to go the
affiliate route there is a lot of money to be made, IF
you do the right things.
I am here to make your decision easier and give you
whatever help and advice I can to enable you to proceed.
Contact me anytime for ideas and advice.
I genuinely want to help.
Copyright 2005 Mal Keenan
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