Carl Willis

Boosting Your Network Marketing Profits With Affiliate Marketing Programs

Boosting Your Network Marketing Profits With

For someone looking to maximize their network marketing profits, the addition of makes great business sense.  work on a traditional, single-tiered style of commission compensation.  In exchange for your promotion of their product or service, the vendor pays a commission on each sale.  These commissions typically range between 25-50% of the retail sales price.

Enhance Your Network Marketing Profits With Additional Revenue Streams

Financial experts always stress the importance of having multiple streams of income as a business hedge.  The addition of affiliate products allows the network marketer to do just that.  Statistically only about 10% of the prospects a network marketer encounters are going to be interested in either their product or business opportunity.  This means that the other 90% of the prospect pool is left largely untapped.

The strategic use of targeted affiliate products and services can produce an entirely new source of revenue from this 90% of the prospect pool that would have otherwise been unprofitable.   An effective utilizes products and services that are general in nature but helpful or necessary to anyone who is trying to build a home based business online.   Some examples of these types of tools and services are domains, web hosting, email autoresponders and training.

Let me demonstrate how this might work.  I am speaking with my prospect Bill about network marketing, but I learn that he is madly in love with his primary company and their products.  At this point in time it is unlikely that he would be interested in joining my opportunity.  In the course of our conversation he talks about needing to start a blog for his business.   I use this opportunity to say I use GoDaddy for my domain purchases and Hostgator for my web hosting.   I give him a link to their websites that is coded with my affiliate number.  When he purchases his domain and hosting, I make a commission on the sale.   Bill has now become profitable, even though he is not joining my primary network marketing company.

Ideally, you will want to present different affiliate opportunities to your mailing list through your autoresponder follow up series.  This is how your sales funnel gets monetized.   The end result is that you now have the opportunity to create multiple income streams from your prospect pool.   Why settle for receiving one paycheck when you can receive paychecks from multiple sources.  This also is ideal for funding your marketing efforts for your primary business.

If you are serious about maximizing your network marketing profits, add affiliate marketing programs to your overall business building strategy.