What is in Affiliate Marketing

What is in Affiliate Marketing

Market share report: a pie chart
Affiliate marketing helps the company as well as the affiliate marketer.

What is in affiliate marketing is a method of marketing online that has many advantages.  It is used by tens of thousands, if not hundreds of thousands of individuals, and businesses within the internet.

Affiliate marketing is the sales process of generating an online commission by advertising and selling products, services, or programs for online companies.

Many astute businesses with an online presence offer affiliates an opportunity to represent them, and the products or services that they offer.

This provides them with a built in army of online salespeople to sell for them without having to pay until a sale is made. This can mean a substantial increase in revenue, and profits for them, and a good source of commissions for their affiliates. It is the best of both worlds.

Online companies that offer an affiliate program are called advertisers.  Affiliates that take advantage of this program, and who sell and represent for the online company are called publishers.

In order to become an affiliate or a publisher, all that is required is to go to either the company’s website, or to the affiliate network website that handles their affiliate program for them, and apply.

The rules to become an affiliate vary from one place to the next. Some company’s allow anyone to join, and provide immediate acceptance.

Others make you jump through a lot of hoops, and place strict requirements on their would be affiliates, making it more difficult to become one.

The good news is, with the incredible growth, popularity, and prosperity of the internet, and so many businesses doing business on the internet, it is normally not too difficult to find a company that has a product of service you will want to sell, and a corresponding affiliate program that will enable you to sell it for them.

Since you already know what affiliate marketing is, I will explain to you the benefits of becoming an affiliate, what affiliate networks are and how they work, how to become an affiliate marketer, and my number one recommendation for affiliate marketing training.

Benefits of Becoming an Affiliate

What is in affiliate marketing
There are many benefits to becoming an affiliate marketer.

Becoming an affiliate marketer has many benefits. As an affiliate, you are given an opportunity to sell products and services for an online company or a company that is offline, and has an online presence.

You will be able to tap into the numerous advertising methods that these companies provide, such as banner ads, affiliate links, text ads, email ads, videos, and others at no cost to you whatsoever.

These ads will all have your specific identification on them, so that if you send someone to the company through  one of these ads or links by way of an email. a Facebook ad, a banner or text ad on your website, or any other way, and they purchase a product or service, you will get a commission.

In addition, you don’t have to communicate with the customer, do any of the order processing, order fulfillment, packing, shipping, or anything else that is needed to complete the sale.

Also, as an affiliate, you have very little, if any legal responsibility. If the customer has an issue with the product, or the service or any other aspect of the sale, the onus is on the company that provides the product of service, not on you the affiliate.

So, no worries about irate customers, law suits, or the headaches and expenses that oftentimes go with them.
Effectively, as an affiliate, you get most of the benefits, with none or virtually none of the responsibilities.

You simply sit back, and collect your commission. Commissions are usually paid through PayPal or other online pay service, through a bank wire, or a physical check that is mailed to you.

Your commissions will vary, depending on the product or service you are selling, who you are selling it for, the price of the product or service, and of course the supply and demand of said product. Most affiliate commissions are in the 2 percent to 25 percent range, with a few items paying more.

There are even some products and programs that pay quite a bit more, but these are more the exception rather than the rule. Perhaps the biggest benefit of affiliate marketing is that it is portable.

You can literally ply your trade as an affiliate marketer anywhere in the world as long as you have your laptop, and the internet is accessible. And you can work when you want because you never have to punch a time clock as an affiliate marketer.  From where I sit, it doesn’t get better than this.

This however doesn’t mean that you can go out and misrepresent the products, services, or company that you advertise for as an affiliate marketer. You still have to conduct yourself with above board ethics, and scruples in your affiliate business dealings.

The company you represent can and will penalize you, and if the infractions are serious enough, they can end the affiliate relationship with you.

What are Affiliate Networks?

What is in affiliate marketing
Affiliate networks are a one stop shop for affiliate marketers looking for products, and services to represent.

Affiliate networks are an affiliate marketers, as well as an affiliate business looking for affiliates best friend. Affiliate networks are a single website location that houses hundreds, and thousands in some cases of affiliate opportunities.

The affiliate simply joins the affiliate network, and he can then search within the network for the opportunity, and/or product that he wants to sell and represent.

So instead of applying individually to companies to become an affiliate for them, he joins the affiliate network, fills out the application one time, and from that point can apply quickly and easily to the program he wants to sell for.

This saves him an enormous amount of time and energy searching for, and applying to become an affiliate. Once the affiliate is an approved member of the affiliate network, applying to represent one of the companies within the network is often as simple as pulling up the company, and clicking one button to apply.

The business or program that offers an affiliate program also loves the affiliate network because they handle their affiliate program for them. This saves them time, labor expenses, and other headaches associated with dealing with affiliates.

They usually pay the affiliate networks in a percentage of commissions generated by the affiliates that sign up through their networks, and make purchases through their website or company.

Some of the more popular affiliate networks are: Amazon, Clickbank, Commission Junction aka CJ, JV Zoo, ShareaSale, Rakuten, among others.

How Can I Become an Affiliate Marketer?

What is in affiliate marketing
Proper training is the best way to embark on your affiliate marketing journey.

You could go it alone, and try to become an affiliate marketer through your own devices. This route will likely prove to be very slow, very expensive, and very frustrating.

Or, you could find someone to mentor you to become an affiliate marketer. Although this route is preferable to the go it alone route, it may prove to be very expensive, and limit your learning and experience to a narrow path that benefits your mentor more than it benefits you.

The suggested best route to take to become a successful affiliate marketer would be to find a program that offers thorough training, every tool that is needed including websites, hosting, ongoing support, and a community of like minded individuals that go to great lengths to assist fellow members whenever a need arises.

You want a program that is FREE to start, and enables you to fully understand what is offered, and how it will help you become successful before you are asked for any money. This program should be very affordable with no upsells, and provide enormous value to every participant.

You also want a program that you can take advantage of around your schedule, anytime, anyplace(as long as there is internet access) and for as little or as much time as you would like to spend with it at that moment.

The Only Affiliate Training Program Worth Considering

I have looked at, and joined many online training programs. I have spent thousands of dollars and countless hours listening to videos, reading tutorials, participating in seminars, you name it, but the only program I have joined that has lived up to it’s promises, and really exceeded those promises is a program called Wealthy Affiliate. 

What is your concept of success? $20/day? $100/day? $1,500/day, Even more? All of these are entirely possible with the websites, the education, as well as the helpful community that you are going to be able to make full use of at Wealthy Affiliate.

Each day there are new member success stories being shown. The sky is the limit to the level of success you can achieve. All it takes is some elbow grease and hard work.

What is in Affiliate Marketing Can Be Your Answer

Affiliate marketing is the sales process of generating an online commission by advertising and selling products, services, or programs for online companies.

There are many benefits to the affiliate for becoming an affiliate marketer.  These benefits include full use of the company’s advertising methods, and none of the communication, processing, fulfillment, and legal responsibilities associated with doing business.

Affiliate networks are a single website location that houses hundreds, and thousands in some cases of affiliate opportunities.

This helps the affiliate as he only needs to apply once for numerous opportunities. This helps the affiliate company as the network handles their affiliate program for them.

You can become an affiliate marketer on your own, or you can take the wise route, and use training and mentorship by joining an affiliate training program.

The only affiliate training program that I recommend is Wealthy Affiliate due to their extensive trainings, tools, mentorship, helpful community, and top notch support.

If freedom, independence, and prosperity is what you seek, Wealthy Affiliate may be your answer.

Feel free to leave your comments, questions, and suggestions below. Please also feel free to share this article on social media.

Good luck on your affiliate marketing journey. I wish you success. Thanks for reading, What is in Affiliate Marketing.   Tom


What is in Foreclosure

What is in foreclosure
Foreclosure buyers need to know what a foreclosure looks like to make an informed buying decision.

What is in foreclosure is a question I have been asked many times. As a real estate agent for a number of years specializing in foreclosures, I have seen, and sold many various foreclosures.

I have seen government foreclosures such as HUD’s, Fannie Mae’s, Freddie Mac’s, VA’s, USDA’s, and others. I have also seen and sold bank owned foreclosures, also known as REO’s or real estate owned.

Many interested foreclosure buyers want to know what a foreclosure looks like after it is taken over by the different government agencies, or banks.

They are concerned that the previous owners have gone to great measures to compromise the homes and property due to being foreclosed on.

Their greatest fear is that they will commit to buying a foreclosure, and be stuck with a home that requires mass amounts of money, and work to make it livable, and to maintain it.

I will explain to you what foreclosures are, the foreclosure process, what is in foreclosure, and where to find foreclosures.

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What are Foreclosures?

What is in foreclosure
Foreclosures result when the homeowner gets behind on his payments for an extended period of time.

Foreclosures come in every different home type, price range, location, and condition.

When Mom and Pop Homeowner get behind on their mortgage payments, usually a period of 3-4 months, they receive a default notice from the mortgage holder, which is usually a bank or other lender.

This default notice tells the homeowners that they have a certain period of time to bring the money that is owed up to current, and thus to have the loan reinstated.

This time period is usually around 90 days. This money due may also include late fees, administrative fees, legal fees, and other charges in addition to the back mortgage payments.

If the loan has not been brought up to current to the satisfaction of the lender by the end of the default period, the foreclosure process will begin.

Many times, the homeowner or borrower is allowed to stay in the home until the property is actually sold, although this is not the case with government foreclosures.

At this point, the bank owned property or REO will be put up for sale on the county courthouse steps, or, in the case of a government foreclosure, it will be readied for sale by the agency asset manager, and by the appointed listing agent, and put up on the market for sale.

When the property sells, an eviction notice is given, and the former homeowner will need to move out right away if they have not been forced to move out prior to this point.

Normally a grace period of several days is given in order to allow the removal of furniture and personal goods from the home. If this instruction is not followed, a Sheriff will be notified to forcibly remove the inhabitants from the premises.

What is in Foreclosure?

What is in foreclosure
(Actual HUD foreclosure) Many foreclosures are in good shape.

I have had many people tell me that they are sure that foreclosures are left in disrepair, and even purposely destroyed due to the fact that the borrower/homeowner is behind on their payments, and being foreclosed on, and thus losing their home.

The truth is that this is normally not the case. Most foreclosure homes are not very different from any other home you may see for sale, at least as far as the condition of the home is concerned.

Foreclosure homes do tend to be a bit dirtier, and perhaps in need of a few cosmetic repairs, usually due to the impending foreclosure, and a longer period of vacancy than a standard home.

This is also due to the fact that the foreclosed homeowner has little or no concern due to zero vested interest as to whether their former home is prepped for a fast sale at an optimum price.

Often times though the bank, or the government agency that has taken the home back, will clean the home and property, and make needed repairs to ensure that the home is safe, and secure to show.

However, in 4% to 5% of the foreclosure homes that I have seen, there has been what appears to be an attempt to sabotage the bank of other foreclosing entitiy in their efforts to resell the home.

I have seen holes that have been punched in walls, decks missing legs, stairs missing steps, appliances rendered unusable, toilets missing, faucets removed or damaged, and much more.

There have been instances where rotten food, and dead animals were placed in the home in order to create a stench that would make the home more difficult to sell.

I have even seen in a few cases where it appeared that someone went through the entire home with a baseball bat, and destroyed everything that they could see, such as stoves, refrigerators, walls, windows, doors, bathrooms, floors, stairs, lights, you name it.  Fortunately, this situation is the exception, and not the rule.

Where to Find Foreclosures

What is in foreclosure
U.S. government foreclosures can be found on the specific agency website, and through the MLS.

Foreclosures are actually easier to find than you might think. The quickest, and best way to find foreclosures is by enlisting the help of a real estate agent.

Not just any agent though, as most agents will have you believe that foreclosures are difficult, and risky to buy.

Although there are some foreclosures that fit this description, most are not difficult to buy, and if you do your due diligence, they are not risky either.

You ideally want a real estate agent that has some experience with foreclosures, and if possible you want to find one that specializes in foreclosures. Why is this important?

Realtors have access to the MLS, or Multiple Listing Service, which has the vast majority of foreclosures in your area listed. This list includes both bank foreclosures, as well as government foreclosures.

All you need to do is tell the agent some of the details as to what you are looking for, such as price range, area, number of bedrooms, baths, etc., and they will happily email you the foreclosure listings that meet your criteria.

And, if you allow them to be your buyer’s agent, they will show you any and all homes you are interested in.

In addition a good foreclosure real estate agent will help you navigate through the foreclosure process, which normally isn’t difficult if they have some knowledge, and experience with foreclosures.

And, don’t worry about paying them a commission either. The seller pays your buying agent’s fees.

If you would rather attempt to locate foreclosures on your own, there are numerous websites, and other sources that you can easily access.

For instance, if you are interested in government foreclosures, all the various government agencies that offer foreclosures have websites that list their available foreclosure properties for you.

Government foreclosure websites:

HUD – U.S. Department of Housing and Urban Development   hudhomestore.com

Fannie Mae – FNMA – Federal National Mortgage Association  homepath.com

Freddie Mac – FHLMC – Federal Home Loan Mortgage Association  homesteps.com

Ginnie Mae – GNMA – Government National Mortgage Association  ginniemae.gov

Veterans Administration – VA  U.S. Department of Veterans Affairs  va.gov or homesales.gov

United States Department of Agriculture – USDA  usda.gov or resales.usda.gov

Federal Deposit Insurance Corportation – FDIC   fdicrealestatelistings.com

U.S. Department of the Treasury/Internal Revenue Service – Treasury/IRS  treasury.gov/auctions/irs

For Bank Owned foreclosures also known as REO’s you can go to the particular banks website or try realtytrac.com or lifewire.com

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Are Foreclosures for You?

What is in foreclosure
Foreclosures offer the chance to buy a home at a discount in many cases.

Foreclosures are properties that have been taken back by the mortgage holder due to an inability of the homeowner to make good on their monthly mortgage payments.  Foreclosures can be either bank owned – REO’s or government foreclosures.

Bank owned foreclosures are initially sold on the county courthouse steps. Or, if they are not successfully sold on the courthouse steps through the auction, they are then listed on the particular bank’s website that holds the mortgage, and in the MLS, or multiple listing service.

Government foreclosures are listed on the particular government agency website, and on the MLS, or multiple listing service.

Both types of foreclosures are sold with the assistance of a licensed real estate agent or broker, although the initial courthouse steps auction may not require the use of a Realtor.

Foreclosures offer opportunities to purchase properties at under market value. Most foreclosures are in good shape or condition. This means that the home’s systems are in livable condition.

These systems include the roof, plumbing, electrical, and HVAC. The foundation of the home is not considered a system per se, but it is vital that it is without issues.

I always recommend the buyer does an inspection of the property  to ensure that they have recourse so their investment will be protected.

A small percentage of foreclosures, less than 5% have been damaged or left in poor condition by the former homeowner. A simple viewing will usually reveal to you if this is the case.

If you have doubts as to the condition, you can bring a contractor, builder, or other home specialist with you on the showing.

They can do a visual inspection for you, and let you know if they detect any problems, or potential problems with the home. You also have the option of making your offer contingent on the outcome of an inspection.

Inspections are almost always money well spent as they give you an out should it reveal any major problems. Inspections also may allow you to renegotiate your offer to reflect the repair costs needed to bring the home to an acceptable condition.

Buying a home is in almost every case the largest investment you will make. As a Realtor, I have been a part of many foreclosure sales that have resulted in great savings for the home buyer. You may have to jump through an extra hoop or two, but it can be well worth it.

What is in foreclosure is big profits, equity, and/or a nice place to call home if you do your due diligence, and understand the processes.

Feel free to leave your questions, comments, and suggestions below. Please also feel free to share on social media. Thank you for reading What is in Foreclosure, and good luck with your foreclosure buying.