DIdea #7 - Diversify Your Products & Sources

Diversifying your products and product sources is essential to the preservation your revenue.  Having a product diversification strategy that will ensure a reliable income stream is best practice. work with well-known reputable merchants and JV Partners.  By having a well thought out diversification strategy you are able to more easily adjust your product mix across several different industries to nimbly adapt to changes in the economy as a result of unforseen natural disasters...

How do you  Diversify Products and Product Sources.
To ensure minimal revenue interruption many people who are doing affiliate marketing work with well known, reputable merchants such as Linkshare, Clickbank and Commission Junction just to name a few.  There are a number of other sources which should be explored as needed.  Which affiliate source you use depends on the product or service you are marketing.  We suggest you do not have more that 20% of you expected income tied to one product, category,  source or a specific Industry.  This should allow for returns, chargebacks, economy downturn, natural disasters or any other cause for delay or none payment of commissions.

 
Diversify Product Sources Product Diversification Strategy 
Diversity your product sources product diversification strategy is essential to be able to nimbly adjust to any changes in the market conditions.  It is best practice to work with well-known reputable merchants and have a good diversification strategy in place.  By having multiple product sources and good product mix across several different industries you will be able to adapt to any changes in the economy, natural disasters or health conditions.  This will help to ensure a more reliable income stream.

Many of you may have wanted to start your own business however, for whatever reason you have not done so yet.  Maybe because you are concerned that you cannot risk not having an income or that the cost of starting a business is too prohibitive.  You may also, be worried about your ability to go out on your own and you are afraid that the business might fail.  If statistics is correct that up to 90% of all small businesses fail within the first year, what can you do to prevent your business from falling into that 90 percentile once you decide to get started? 

Starting your own business does not have to be that much of a  challenge any more.  In these modern times, there are thousands of people from around the world who are starting their own online business every day.  There are many avenues that can be use to start your own business on the internet at minimal or no cost to you. If you have an interest in marketing and sales, you are self motivated and hard working affiliate marketing could be a very lucrative avenue for you to take.
One advantage of joining a reputable affiliate marketing program is the support they provide. legitimate company wants you to succeed. The more successful you are the better it is for them. The merchants usually have an advice and support network that is available to you. Sometimes an agent is made available whom you can contact.  Advertising materials and/or training videos are also, available. In addition, They may offer a wide variety of resources to help you build your business. The merchants are one of the most important resources for you to rely on.