An MLM home business affiliate program is a way for you to earn commissions by referring people to a product. The product can be either a physical product or an informational product like an eBook.
The product you are promoting is not your own which means you won’t have to invent your precious time providing customer support and post-sale service.
When promoting the product, you are given a special link to promote. If a customer clicks on the link and buys the product, you get paid. Most affiliate programs will pay you anywhere from 25-75% commissions to promote and refer their products.
It’s truly a win-win situation for you and the person whose product you are promoting. The company doesn’t have to provide additional advertising and you won’t have to provide a sales system or customer support.
How an MLM Home Business Affiliate Program can Benefit You
You’re probably wondering how affiliate products can help you with your network marketing business. In order to answer this question, it’s helpful if we first address one of the biggest problems Network Marketers face…
Most Network Marketers, savvy as they may be, have trouble staying afloat in their business long enough for their ultimate goal of residual to kick in (studies show anywhere from 1-4 years). Most don’t have the time, money, or patience to wait that long before showing a profit in their business.
The costs associated with being a Network Marketer can be fairly high in respect to upfront commissions earned. Especially after you add up advertising costs, product auto-shipments, and company seminars. Not to mention the fact that most people don’t make enough in the business to cover their monthly expenses such as food, clothing, and housing.
An affiliate product related to network marketing training.
Most affiliate programs, unlike Network Marketing, don’t require any monthly fees in order to promote and earn commissions. You simply promote other people’s products and earn a commission on the sale.
Because the majority of the products are low cost your close rate will be much higher. You’ll be able to get into positive cash flow much faster than trying to “wait it out” until your mlm commissions start to kick in.
One of the additional benefits that come with combining affiliate programs with your existing mlm model is the ability to recruit more leads.
If you promote affiliate products related to Network Marketing training, oftentimes those products have a lead generation system built into them. This is the ultimate “one-two punch.” Once the customer has purchased the product, you are given access to their contact information which makes for a very “warm” lead.
Since you already know they are interested in building a network marketing business (because they bought a network marketing training related product), they are much more likely to be open to joining yours so long as you can build trust with them.
This makes for the ultimate network marketing recruiting strategy.