I had heard a lot about online affiliate marketing and had been involved in it for quite some time now. But then, It just struck me to use this powerful model for my own business. So what did I do? I had set up an off line affiliate system ( working on some fine tuning before the final launch now!).
Referral marketing is a very cost effective and much more economical method than traditional advertising and can be used by any budding entrepreneur for his or her own use. Just ask people to refer their friends or whoever it is that might be interested in your service or product and agree to pay them a certain amount of money once their referrals purchase your products or services successfully.
No matter what the incentive would be that you had proferred, it is still bound to be less than the advertising cost in local print media and better still, it is bound to produce guaranteed results.
4 Comments Received
Hi, excellent idea too many people are stuck in the online mode it is good to see someone actually thinking outside the box.
You seem to be a bundle of ideas. you have some great articles on this site.
Hey, Thanks a lot
It is better to lay them out here than let them simmer in my head. Someone said that sharing ideas makes one richer than when you share wealth.:-)
A clear “thumbs up” to you, Ashwin!
Keep the fires burning!!
Bhaskar Karampudi
Hey Guys,
Thanks for all those wonderful comments — they make may day in times like these…
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