What is an MLM affiliate program? And how does it work? An MLM affiliate program is a program that offers profit sharing with people who agree to sell the product or service. In other words, someone creates an affiliate product or service and lets other people sell it for them. When other people generate sales, they earn a portion of the proceeds, normally between 20% and 50% of the selling price.
MLM Affiliate Program? And how does it work?
Several examples of MLM affiliate products include seminars, courses, eBooks, webinars, etc. These products can range in price. Some might cost upward of $1,000 whereas other affiliate programs might be $20 or less. The cost is determined by the creator of the product. Just about any product could succeed as an affiliate product if it is quality and has a perceived value. That is the secret to creating an effective MLM affiliate program. You need a quality product that is priced to sell. And you need to be generous with your profit sharing. By doing so, more people will want to sell your product, which means more profit for you.
Affiliate programs are nothing new. In the past, they were also referred to as joint ventures. More importantly, the MLM industry is one of many industries that promote affiliate programs. Most Fortune 500 companies have strategic partnerships with other companies, whereby they can both benefit from the relationship. Let me give you an example.
Have you ever seen a Wal-mart commercial on television? If so, you will probably notice that Wal-mart is featuring one or two different products in their advertising. For example, they might feature a Coca-Cola product, diapers, peanut butter or something else. You can bet that they aren’t featuring that product for free. Chances are they are sharing the advertising costs with the other company. By doing so, they both save money on advertising and create a win-win relationship. Does that make sense? You need to do the same thing in your business. You need to build strategic relationships.
The primary reasons people create Affiliate MLM programs are to make money, save time, and increase their market share. Smart entrepreneurs understand that you can earn more money if you have a small Army of people selling your product for you than a number of sales you could generate all by yourself. James Paul Getty once said, “I’d rather have 1% of 100 people’s efforts than 100% of my own efforts.” That’s some of the best advice I’ve ever heard.
My favorite MLM affiliate program is Magnetic Sponsoring. Several other popular Affiliate Marketing include lead sources, Site Build it, and auto-responders. Before you decide to promote an MLM affiliate program, I recommend you purchase it and use it first. After all, it’s hard to recommend something you’ve never tried. If you like the program, start promoting your affiliate link. If you don’t like the affiliate product, search for a different one. The best place to start is on Clickbank.com.
In conclusion, an MLM affiliate program is a program that offers profit sharing with others. To succeed in network marketing, you need multiple streams of income. The best way to do that is to promote different affiliate programs while you are building your network marketing business. By doing so, you can put additional income in your pocket right now, while you are building your residual income.
On a side note, I want to hear from you. What is your favorite network marketing affiliate program? Why is it your favorite program? How did you learn about it? What type of success have you experienced promoting your affiliate program? Please share your tips with the rest of our online community by filling out the web-form below. Thanks.
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