You Don’t Have Your Own Product, So What!

I work with lots of start-up and solo-entrepreneurs and one of the main concerns when starting a business is not having your own product or service yet.

In actuality, this is a small problem that doesn’t need to affect your ability to make a profit right away. There are many ways to make money by offering other people’s products. Selling products via affiliate programs is a great way to grow your contact list, so that when your product is ready (in a few months or a year) you will already have potential buyers ready to buy your products.

The solution is to join affiliates programs

On many sites you usually have a page named “Affiliate,” just click there and see what they offer. Commission generally ranges from 20% to 50%. There are also companies such as ClickBank, Paydotcom or Linkshare which specialize in affiliate programs. When you join their sites you have access to thousand of products to sell and they track your clicks, give you your statistics, inform you when you made a sale, and send you the money once a week or once a month depending on the program. Essentially they do the majority of your work for you. And the best part, it is free for you.

Sign me up! Now how do I get started?

If you just started your business and don’t have a budget to get a website, start a blog on Blogger or WordPress for free. Select products that are related to your niche and are a good resource or complement to your own service. Let’s say you are a marketing coach, contact other marketing coaches that you already know or do research online to see if they have an affiliate program. Find out which product they are selling, then promote the product on your blog and newsletter (by the way, your newsletter is the most cost effective way to follow-up with your prospects and clients).

Don’t consider them as competitors, but as partners, since they will help you make money. The best part of an affiliate program again is that other people are working for you. The person or company who offers an affiliate program usually prepares the sale page and the promotional text; the only thing that you have to do it copy and past the text on your blog and newsletter, then promote it to your list. Or use it to build your list. And best of all, since the topic of this product is related to your own service, you will attract your target market.

If you already have a website or a blog, this also apply to you since it will be a way to make an additional revenue and a passive income. If you already have you own product using affiliates programs will allow you to upsell to your current clients. It is the same concept, the only thing you will have to do is select products related to your own service then simply copy and paste the promotional text. Et voila!

You can also create a resource page on your website with various products that you use to develop your own business and recommend them to your prospects or clients. If you succeed, people would like to know how you did it and they will appreciate the fact that you share those resources with them. Why not make some extra money at the same time? Do your research today; selected a couple of products to promote and try it and watch the money coming in your bank account.
Biba F. Pedron, Business & Marketing Consultant, founder of Biba4Network, also knows as “The Connection Queen”, helps solo-entrepreneurs to maximize their networking results and reveal proven strategies to attract more clients and double your business with simple but effective networking system.

Biba is the author of “Start Your Dream Business Today! The Proven 11 Steps to Start and Grow Your Own Business”. And “Power of Networking Secrets” a program teaching you step-by-step how to turn more networking contacts into business boosting clients in 7 simple steps.

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