There are more and more people enter Internet every day to make extra money on the side. Because they know that Internet gives them a low cost, effective, and quick way to do that. But more important, they know that an office job that they’re currently pursuing cannot provide them with a financial security feeling.
Besides, in a world of economic fluctuations today, they can be out of employment any time, maybe tomorrow, maybe next month or maybe several months to come. No one knows about that.
So, what are the kinds of business models existing on the Internet nowadays? Well, there are a lot. Nevertheless, in the scope of this article, I can only share with you the most profitable business model that you’re absolutely affordable to do. That is starting your Internet home based business using affiliate programs.
As an affiliate, in case you do not know yet, you get paid a certain percentage on selling price of the product every time you help a merchant generates a sale. In other words, you bring visitors to merchant’s site; if visitors buy any thing offered on that site, you get commission for that purchase.
Using big affiliate networks in the market like clickbank.com, cj.com is the quickest way to help you start an online work at home based business.
These “big-dogs” gather thousands of affiliate programs. Therefore, you do not have to wonder the lack of program for you to join. In stead, what you should ask yourself is that how to find the profitable programs right from the beginning to help you save more time.
Clickbank is the most favorite affiliate networks because not only has it got thousands of affiliate programs, but also it gives us a lot of important information to help us decide whether or not to promote some program. They are: $/sale, total$/sale, %/sale, % refd, gravity.
Let me give you one of the tips to decide if a program is worth promoting or not. That is using gravity and $/sale.
Gravity is the popularity of the product. If a product has a high gravity (greater than 50), it means that many people have had success selling the product. It’s also a good indicator that you can be profitable from selling that product too.
Using $/sale to calculate the refund rate of a product. Along with gravity, this will help you recognize the customer satisfaction. The lower refund rate and the higher gravity, the more customer satisfaction. This means that the more money you’ll get in the end.
I will show you an example on how to calculate refund rate of a product, then you’re able to apply this calculation method to any clickbank product.
Product price: $67
$/sale: $30,45
Commission Percentage: 50%
Clickbank takes 7,5% + $1 on selling price of the product as a fee:
$67 – ($67 x 7,5%) - $1 = $60,975
$60,975 x 50% = $30,4875
$30,4875 - $30,45 = $0,0375
($0,0375 : $30,4875) x 100 % = 0,123% --> This is refund rate that you want to find.
So, how many refund percentages is good? Clickbank says that every product can be expected a 5% refund rate since consumer fraud. I believe personally that less than 10% is good.
Now you know how to choose a profitable clickbank product to promote. So the next step is creating your content and building a website. Of course what you write should be related to program that you’ve chosen by doing the step above.
You can write content by yourself or hire someone else to finish this job for you. But the quick and cheap way is that you buy private label articles (PLR), which is related to the theme of the product you’re intending to promote, then rewrite those articles in your own words to avoid content duplicating penalties.
Building a website is probably a difficult problem to many people who don’t know how to do. The solution may be hiring someone else to create one for you or doing it yourself using the web design service below: http://www.sungtuc.com/buildsites.html
Now, you know how to find and start an affordable home based business opportunity, from choosing an affiliate program to creating content and building a website in a cheap way. But, as you may see, it takes you quite a long time to find and launch a profitable online home based business successfully.
The good news is that you do not have to try to do all the boring and hard things above just to get your own home based business started. Because there is a proven home based business system out there that you can pick it up and get started immediately in 24 hours from now. It’s called Plug-in Profit Site.
The most interesting thing is that many ordinary people all over the world have been duplicating this system successfully and currently make residual income from the comfort of their own home each and every single month. And you can do it too if you really want.
Do you want to know how you’re able to use a free, powerful and proven way to get a huge amount of targeted visitors to PIPS system not only for months, but also for years to come? Check out residual income opportunity now to find out more!
Related Home-Based Business Article:
