Affiliate marketing is one of the most common ways to make money from the Internet. It is easy to set up, requires no inventory, and has no overhead. Just put up a website and seek affiliate marketing business. With affiliate marketing, you don’t have to worry about setting up payment options, customer service, product development, shipping, or any of that hassle. The job is done for you.
But this is not a get rich quick scheme. It is a business that needs skill, time, and commitment. You will need to find the right products and programs that can be monetized with the least amount of overhead. You will also have to be able to market the product. There are many strategies to marketing a product but most are not free. It’s better to just go with the flow, especially if you don’t have a lot of money.
How does affiliate marketing work?
Basically, you put up a website and advertise other peoples products. They make an upfront purchase and a percentage of the purchase price goes into your pocket. That’s it. You can make up to 75% of the price. If you’re making a 75% payout, that’s $44.85 for each sale you make. To put it in perspective, your cost of advertising is about $23.00 per customer that you send to the merchant’s site. If you find a good niche product, and you send 10 people, your making $8.50 per customer. Not great but you can do this if you have to. It can be done. I made over $1,000.00 just selling other peoples products. Not bad considering it took me about 6 months to get going.
What is the best niche to market products in? This is a tough one. Most gurus will tell you to sell digital products like ebooks. I’ve done that and so can you. It can be profitable if done correctly. But most of the time, the customer is looking for a physical product. So you will have to either find a new niche, or if you choose to stay with the digital products, you will have to find a new product to promote.
* Make Money at Home – A number of people say you can make a good living online by promoting a number of different products and services. Personally, I disagree. Again, the customers are looking for a physical product not a digital product. A physical product has a cost. So the customer will be looking for a tangible product in the $60.00-$100.00 range. Not $20.00, $40.00 or higher.
So to make a good living online, you will need to find a new niche, or you will need to find a new product to promote. These are two very important points to remember as you move forward in your marketing career.
* There is No “One Thing” – Once you have found a niche and have established a website and a blog, don’t think that you will continue to make money here. There are hundreds of different ways to promote a product and each can be profitable. The product doesn’t have to be yours – you can promote a product belonging to a friend or a corporation. Just make sure that the product has a large enough market. So before you start writing posts, you need to find a new product to promote.
The next thing that I would like to talk about in this article is affiliate marketing. To be an affiliate means that you will receive a commission for promoting a product that belongs to someone else. You don’t have to worry about the processing fee, or the shipping fees. It’s all the merchant’s problem. The only thing you have to worry about is getting the traffic that you need to send to the merchant’s sales page.
I have mentioned this before, but to be an affiliate is one of the best and simplest ways to make a good living online. Again it does require some work and you will have to put a little work into your promotion, but the money is nice. Remember, don’t promote something that you wouldn’t use yourself – it will just give you an indication of how it will work, don’t commit it to memory. It is a good idea to use the product before you write a review, this is to prove to your audience that the product is a good one. If you use it and it does what it is suppose to do, it will make your review more sincere and authentic.