There
are many online business opportunities to be found on the internet but
you'll not often find one where you can start generating an income
without having a website,
a product of your own to sell, or without having a list of interested
people to sell a product to and without having to engage in any
marketing of any kind.
However, there is such a business, it's known as Joint Venture
Brokering. I works like this: you search the internet and find a
product or service. You then find a marketer who will want to sell that
product; put the two parties together for a commission, thus making you
money from the "brokering" of the deal. That's it in a nutshell!
In order to get started in this business, you first need to decide what
area of business you would like to broker for. It may be a subject you
have some knowledge of, or which you are passionate about.
What sports or pastimes do you follow?
Think of all the things you've done in life, your work, hobbies and all the places you've been to.
Sit down and make a list of them.
Once you have decided on a subject, you now begin researching in the
search engines and directories, Google, Yahoo and the like. You are
looking for websites that offer products and services you'd like to
promote and which have a two-tier affiliate program.
"What is an affiliate?" you may ask
An affiliate is someone who signs up to be a kind of sales agent for a
provider of goods/services, whereby they earn commission on the number
of users they refer and convert.
"What is two-tier affiliate?" you may then ask.
A two-tier affiliate program is another type of affiliate program. This term may seem a bit complicated, but it really isn't.
If you join a normal one-tier affiliate program you are then able to
promote the products of the seller you're affiliated to and make
commission on your sales. A two-tier program is just the same, except
that you are able to appoint a second affiliate under yourself. The
sales made by that second affiliate earn you commissions as well.
Two-tier programs vary greatly. The very best ones provide you with
marketing materials such as articles, ads, email promotions, banners
and most of all, a decent commission that is not less than $10 per
second tier sale.
Most importantly it must have a cookie tracking system
Why?
The reason is this:
There will be times when the marketers you attempt to broker deals with
don't actually sign up on the day you make contact with them, but do so
some time afterwards. Providing the seller has a cookie tracking
system, you will still get credit for the sales they subsequently make.
First of all, you should make a list of product sellers in your chosen niche. You do so by following this procedure:
1 Using search engines and directories, find as many domains offering
products and services in your chosen niche market that have 2two-tier
affiliate programs. List them on a word document. These are your
sellers. You then sign up to become an affiliate
2. Again using search engines and directories as before, you now search
for ezine owners within in your niche market who have email lists to
promote to. These are the marketers who will be able to promote the
sellers' products to their opted-in lists of members.
3. One by one, approach each of the marketers in turn and offer them
the opportunity to increase their earnings by signing up as a second
tier affiliate under you (by doing so they don't earn any less than
they would've if they had signed up direct with the seller direct) and
promoting the sellers' products to their list of members. Once they
sign up, your work with that deal is finished. You will have created a
stream of income that will continue as long as that marketer keeps
getting sales.
You then go on brokering more deals, using the same method. This way
you will be able to continue creating multiple streams of income for
yourself.
Think about it! It's a win-win situation for all concerned. The sellers
are making money, the marketers are making money and you have created
income streams that can provide hundreds or even thousands of dollars
for yourself that can go on for a long, long time.
So now you know the basics on how to start building a successful internet business from scratch.
About the Author
Ray Fredericks is an information publisher who specialises in
finding products that help newbies to get started on the path to
internet wealth. His latest course, Web Brokering Success shows how you
can build a successful internet business without having your own
product, without having a list and without the need to do any marketing
yourself. For further information on how to get started go to
www.webbrokeringsuccess.com