In the past, creating a new business to generate extra income involved setting up a ‘bricks and mortar’ outlet with stock, rent, staff and all the other associated business headaches. Now, with the internet, it is much easier and efficient to make your own business from home.
In this current economy more people are starting to look at different ways that they can earn some extra income with new small business ideas which they can run from home. All too many of us are working longer hours and earning less money than we did a few years ago.
The fall and decline of some of the high street names has made some people think that the whole business world is collapsing. But, online home business ideas are booming! The “digital economy”, is showing a trend of people shifting their focus to creating their own businesses online instead of working for someone else in a ‘traditional business’.
When it comes to an online business idea, one of the easiest and most profitable methods is through affiliate marketing. This is one of the top 100 small business ideas because becoming an affiliate marketer requires no experience, no stock and simple promotional techniques that will convert prospective buyers into customers.
It is quite a simple online business idea – you promote products and services of other vendors and when they are sold, you make a commission.
It takes a few basic factors to be successful at affiliate marketing:
- Staying focused.
- Picking a niche product and then getting started.
- Making a schedule and then sticking to it.
- Be willing to learn how to successfully implement your online business idea into a profitable venture.
Where do you start with your online business idea?
One place to start is ClickBank, which is like an warehouse retailer of digital products. With over 10,000 digital products, it is one of the premier affiliate networks. It is easy to use, easy to join, and there are products in many different markets. You will certainly find a product that you would like to promote here.
In order to earn commissions, all you need to do is create an account with an affiliate ID, find a product that you want to promote and create a link that you can send customers to.When they click on your link, it will record your commissions when they buy the product. When you are working on your internet business ideas and looking at ClickBank, you will see a few references to each of the products.
Sale Price: (Initial $/Sale) This is the amount that affiliates are earning for referring customers.
Percentage of Sale: (Avg %/Sale) This is the average percentage commissions earned per affiliate per sale.
Gravity of Product: (Grav) The gravity number is important because it shows the popularity of the product over time. Every time the product is sold or a new affiliate joins and uses the link,the gravity of the program will change. When you are starting out with affiliate marketing on ClickBank, ideally you want the gravity rating for the product that you want to promote to be between 20 and 100. If it is more than 100, it means that is a lot of competition selling this product. If it is less than 20, it means that there is not a lot of interest in the product.
So, now you have found your products for your online business idea, you need to go out into the marketplace and find people to buy them. For more information, check out Help With Affiliate Marketing.
If you are considering an online business idea, consider this: ComScore.com, a leader in measuring the digital world, reported that the holiday season online retail spending for 2012 was a 16-percent increase over 2011.
This includes November 26 (aka Cyber Monday) which became the heaviest online spending day on record at $1.4 billion.
This surge of billions and billions of online spending being transferred from brick and mortar stores to the internet has created an incredible opportunity for those have an online business idea.
The formula for your online business idea
A lot of people have an online business idea but then get completely overwhelmed with all the jargon and seemingly endless list of tasks and things that you need to do to get an online home business actually working and generating income. Sometimes there seems to be a mountain of obstacles to climb – from understanding search engine optimisation to blogging, from pay per click advertising to social media marketing (like Facebook or Twitter), from finding the right products to sell to finding customers to buy them, the list goes on…
You can get access to a proven system that has all the elements you need for your online business idea:
- Powerful potential money generating income streams with quality affiliate products, residual income streams, and high ticket items.
- Simple, step-by-step instructions showing you exactly how make your own business.
- A state of the-art marketing system which includes your own website, blogging platform, a pre-written email series, practical videos and reports, sales funnels and even a call centre to close sales for you.
- Cutting edge marketing training, ideas for business and access to an interactive global community where there are always other members online to help you.
To find out more about this proven and legitimate online business idea, just click here.