Affiliate network marketing is a fantastic way to build your business. The really cool thing about affiliate network marketing is that it allows you to build your business without losing focus and add 3-6 new streams of income outside of your core MLM while doing so! This article is going to explain exactly how to use affiliate network marketing to the total benefit of your business.
First off make sure you understand the idea of the self-funded proposal. Cause ultimately this is what the affiliate programs really are. Basically it allows you to make money where before there would had been no money to have been made with your prospects. A great example would be if they already had a network marketing opportunity that they didn’t want to leave, but they like your stuff, so having a program that they can buy from you allows you to monetize your list even if they decide not to join your MLM.
Number two is promoting only the best of the best. As in make sure these programs you’ve actually used and have also had them create positive results in your own business. Whether it is traffic, leads or creating downlines for you, there needs to be results for you to promote the tool.
Speaking on promoting only affiliate programs that have helped you, also be wary how many programs you promote. You do not want to be the guy who is promoting the affiliate of the week. If you do this, you’re going to look like a very greedy marketer, and people will be turned off by you because of it. So in the end you’ll be losing more money than making more by promoting every launch that comes out.
Again, choose only a few. The other reason is you need to protect the list you yourself have built. After all these affiliate programs do have email marketing funnels of their own, the business owner of them does want to have his own list so he can market to them later as well. If you keep promoting too many different things you’ll dilute your list. By diluting your list you’ll soon find that people will stop opening your emails, and stop focusing on what you have to say cause they are simply getting overloaded with email marketing. This can cause burn-out and for them to unsubscribe.
The fourth way to monetize this is by again promoting only things that help build their businesses. Everything should be related in some form or relation to helping them drive traffic, sponsor more reps, or generate more leads on a daily basis. As long as the program does this, you’re going have a good market share in the MLM niche.
The fifth method is by using programs that have upsells. An upsell usually occurs after you buy an affiliate product. Once you buy it, the affiliate will offer you a special one-time deal (Usually) to get a more expensive product of theirs for cheaper. By doing this, you’ll make bigger paychecks for less work. Also you won’t have to make your prospect join yet another list to get the sale. That is why I’m a big fan of programs like Magnetic Sponsoring.
The last thing to be aware of that can help you make a lot of money using this strategy is membership programs. A lot of them will charge a monthly fee in order for your prospects to use the tool or to get the newest information. This monthly program can lead to big paychecks for you that can come in every single month like clockwork. It is like building a second residual business, though without as much leverage as your MLM business. Also helps you avoid the temptation to market the launch of the week to your list.
Building your MLM business using affiliate network marketing is incredibly powerful. My personal business has been at a huge advantage since I’ve added it to my business building arsenal. The first thing you need to realize using the idea of affiliate network marketing is that it is an advanced strategy to make money in MLM. So you may struggle with it at first till you get down the right concepts that can smooth the journey for you. Don’t give up hope though! Affiliate network marketing can add 3-5 new streams of income to your business without you needing to lose focus on your business. Which is an incredibly powerful thing to do!