The concept of affiliate marketing on the Internet was conceived of, put into practice and patented by William J. Tobin, the founder of PC Flowers & Gifts. Launched on the Prodigy Network in 1989, PC Flowers & Gifts remained on the service until 1996. By 1993, PC Flowers & Gifts generated sales in excess of $6 million per year on the Prodigy service. In 1998, PC Flowers and Gifts developed the business model of paying a commission on sales to the Prodigy Network.
Set up a professional invoicing system and send invoices either bi-monthly or monthly. Use your computer software’s invoicing templates or you can create an invoice using Excel. Decided when you plan to bill and be sure you send invoices on the same day of the month to ensure consistent payment. Institute a 10 day late policy, if possible, to make sure payment is received promptly.