Running A Business Without Your Own Product

A lot of aspiring entrepreneurs love the thought of running a successful business one day. The problem they have is that they don’t have a product to sell or services to offer.

Some aspiring entrepreneurs do know what to sell but to buy the products they have to sell is a problem because of lack of capital. Good news is that, you don’t have to own a product or offer services. Read on to find out.

Affiliation

Affiliation program is becoming the most popular word these days. Why is this word becoming so popular? Companies have introduced affiliation as a strategy to raise more sales. Before I can get deeper into it. What is an affiliation program?

Affiliation program is a referral program that companies propose to anyone who’s interested in referring people to buy the company’s products or services in an exchange of a commission.

The good news about this affiliation thing is that it can be done online.

For example, if you’re interested in joining a referral program from a certain company.

The moment you provide your information and they approve you, you’ll be given a unique link to promote either on social media, email etc.

Whoever’s going to buy products or services using your link means that you’ll get commission. Simply put, you get paid for recommending.

Getting more clicks on your unique referral link.

Merely having a unique referral link doesn’t mean people will click and buy products. You need to get a lot of people to click your link. The moment you get a lot of people to click your link chances are, you’ll start making money from commissions.

There are many strategies to use to promote your link. One of my favorite is Email Marketing. I go about this by using Sendlane to send bulk emails. The strategy is summarized like this

To learn more about Email Marketing Click the link digital-marketing-easy-to-understand.html

Affiliation can also be another form of secondary Revenue in Business.

Sometimes even if you do have a product to sell in your business, it is always good to have a secondary income for those rainy days. A secondary income creates flexibility of cash flow in case the primary income of the business is too low.

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