The internet has evolved into such a robust form of communication on so many levels in this day and age, that it becomes quite difficult to really fathom the depth of its potential. While social networking sites, such as Myspace and Facebook, grow exponentially and Google amasses unbelievable wealth, many others dream of achieving the success of these behemoths. I don't think there are too many of us who would turn down the wealth of a Google or Yahoo, but there are many of us who also enjoy the fruits of an affiliation with reputable companies.
There are many types of affiliate programs, so I thought I'd talk about a couple I've found to be profitable. The first one I will discuss is probably not what you would readily think of as an internet business, and that is the Registered Investment Advisory Business I operate. I have operated this business through a website, since 1997, when I sold my office and began operating from home. My broker/dealer, which is Transamerica Financial Advisors, Inc. is a paperless (almost) office operation, located in Los Angeles. Everything is done through the internet, from trading to new business submission. I am an independent affiliate of Transamerica and as such pay a fee for the use of their technology and the products they make available to me. I also have the ability to place other brokers and advisors under me, but it does require additional licensing in order to "build a downline". The model sounds familiar, doesn't it?
Other internet affiliate programs are not really any different than the model I just discussed concerning my broker/dealer Transamerica. In fact, most broker/dealers are moving in the same direction as our company. Most internet affiliates basically have the same model. There are many affiliate marketing programs to choose from, so selecting an appropriate one for your website should not be too difficult. Before you join, you want to be fully aware of the pay structure and any changes that could be made to the pay structure. Be sure to thoroughly review the affiliate program and make sure you understand it completely before you associate your name with it. Credibility is very important if you want to build a loyal group of customers. If you mislead them, they will not be back.
If the idea of owning an internet business appeals to you, there are many business models from which to choose. As you saw from the example of Transamerica, there is no free ride, because nobody is going to provide you with all of the tools to run a profitable business, without some cost. Unless you are strictly interested in doing a specific task at home for a fee, most of the business models I've reviewed for an at home or online business require money to be spent for hosting a site, joining affiliates and marketing. These are reasonable expectations when you utilize an existing franchise, or affiliate program. Developing multiple streams of income is very desirable and can be achieved by developing a home business. Many of these home businesses can augment a salary from a full time job. While your goal may be to eventually quit your full time employment, or supplement retirement, developing an online or home business can be a rewarding way to become an entrepreneur.
Finally, I wanted to mention the Plug In Profit Site, an affiliate program with the ability to add multiple streams of income to your bank or brokerage account. Like I mentioned earlier, I have had an online presence since 1997, but since joining this affiliate, I have learned about marketing methods of which I had no prior knowledge. I have also been fascinated with the underlying technology, which has been programmed into the business. It is not a simple operation, but rather a progression of steps which can be taken to market the products of the affiliated companies as well as building a downline. This operation is only for someone who is serious about building an online business and doesn't mind working at it. It takes almost a year to begin to see real profits, and there are definitely startup costs involved, but they are quite manageable.
So, if there is anyone out there reading my blog that has the desire to become a client, an investment advisor, or an affiliate of any of my online businesses, please feel free to contact me. I am available to answer questions and provide information that might assist you with your goals. One thing I have learned is the importance of responding to email, and my address is readily available on any of my sites, which follow this blog post. Best of luck in this adventure we call life.
John Kaighn is a Registered Investment Advisor with Jersey Benefits Advisors and writes articles on various business and investment information, ideas and opportunities. For more information about this and other topics you can visit Jersey Benefits Advisors and Internet Home Business Ideas and Opportunities
Wednesday, July 11, 2007
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