Basically, you pick a profitable niche for your online business, and then you find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are Clickbank.com, Amazon.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product (like ebooks, audio files, video files) or physical product you can think of. May big name companies and brands, like Wal-Mart, Home Depot, etc. run their affiliate programs through these third-party affiliate sites.
I have just started WA and to anybody who is considering this, it has ABSOLUTELY EVERYTHING that you need to succeed in affiliate marketing, but it comes with a catch….there is a ton you have to learn. 50 lessons in all. Think of this as going to school to learn a trade. From what I hear on the WA chat, you might make a full time living at it in one, two years or never. The advantage is that it’s a dirt cheap career. But no short cuts here. You gotta work at it, part time, full time, off and on like a lot of people, but everything you need is there. It’s all up to you. The only limitation, the only unknown factor IS YOU.
With affiliate marketing, you offer the products for sale, for example, on your blog or e-commerce website. Each product has a unique link that tracks back to your account with your affiliate partner. A prospect who clicks on the link is taken to your partner’s shopping cart for checkout. Once they buy, that purchase is recorded and you receive a commission. Commission amounts vary depending on the affiliate partner, but is generally 5 percent to 25 percent, or 50 percent or more with digital information products.
Of course you can say, well just compete. That’s the essence or free enterprise. But then, realistically, what are the chances of still succeeding in this WA promotion niche? There are already a lot of veterans way, way ahead — like YOU. For a newbie appreciating how excellently you have developed your promotion site, it looks like a very tall order to come up with something better and competitive. And mind you, you are not the only excellent site around promoting WA.
hi jack, I have been doing a lot of research on this company and have not found an answer to a specific question I have. I understand that you are promoting a product, specifically something you are passionate about. However I wanted to know if there was help I could get to find something to promote since I do not have a specific product I want to start my business on.
The basic idea behind an online drop shipping business is that, as a small business owner, you don’t have to maintain a large inventory (or any inventory whatsoever) of products or handle any delivery to your customers. That eliminates the financial cost and risk of having a warehouse full of stuff you might not sell, and the hassle of arranging to send orders all over the country or the world. In fact, you don't have to manufacture or store any products at all.
One way to stand out from the competition with a drop shipping business is to private label your products. This simply means you put your own label/brand on the products that the manufacturer is creating. That way you're not selling the same product brand and just competing on price; rather you can use your own brand and face less competition. Think about when you're looking at medicine at the pharmacy; the brand names sell for higher prices and people think they are different from the generic brands even though the ingredients are exactly the same.
There's an audience for everything, even if it's as specific as dollhouse furniture or organic dog food. With a niche e-commerce store, you can reach customers who seek your specific products. Building a business in a niche market can help you differentiate yourself from other brands and build your credibility and expertise. Look to social media or your own consumer needs to come up with a product to sell online.
To get your e-commerce business up and running, all you need is a web hosting service with an integrated shopping cart feature or e-commerce software. To simplify the shipping process, you can work with vendors to ship products to customers on your behalf. This can reduce the amount of inventory you need to keep onsite. [Related: A Small Business Guide to E-Commerce Shipping]