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. It works like this: you search the internet and find a product or service. You then find a marketer who wants 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 as you can.
List them on a word document. These are your sellers. 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 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. As stated at the beginning of this article, you will then have an internet business without having your own product, without having a list and without the need to do any marketing yourself.
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