Affiliate Marketing & Making Money With Your Own Product
Affiliate Marketing has been touted as a way to make money fast – without the bother of needing your own product. It’s indeed possible to make money with affiliate marketing, and there are a few rare affiliate programs where the money, IF earned, appears quickly. However, they are the exception rather than the rule. More often than not, the money appears after a significant time lag.
At Clickbank, for example, the number one affiliate program, the money is sent out two weeks after the end of each accounting period (of which they are two per month). Most of the others have similar rules, with some taking even longer, up to “the beginning of the month after the month after the month during which the purchase was made.”
In addition, most programs also have minimums that have to be reached before you get anything at all. Of course, if you have earned just pennies, the delay won’t make much of a difference.
A few affiliate programs do pay more quickly, but those have turned out to be extremely competitive. I had been counting on my one quick-pay affiliate program to deliver the goods and pay my bills, and so far, I have made absolutely nothing from it in spite of making it the main focus of all my advertising campaigns. It may pay fast in theory, but nothing, even if it appears really fast, is still nothing at all.
Many affiliate programs may be legitimate, but the money from your affiliate marketing efforts won’t be showing up in your bank account nearly as fast as your funds will get depleted if you buy all their products to make sure they’re worthy of your investment in time and elbow grease, or if you advertise your affiliate links by way of Pay Per Click.
What to do? Plan for the lag in time until the money starts rolling in. Once it does, and you’re getting regular sales, it will work as advertised, with money coming in every other week or so (for each affiliate network). At that point you won’t really care how long it’s been since you’ve actually earned the money. Until then, mind the old saying – don’t count your chickens till they’re hatched.
In fact, if you’d like to hedge your bets, don’t put all your eggs in one basket, to stay with the poultry metaphor. For starters, go with several different affiliate programs. And then, do something else entirely:
Why not create your own product? Either from private label products, or from scratch. You can sell your products directly through PayPal or your shopping cart system, and if you have PayPal’s ATM card, you can get the money just as soon as it hits your PayPal account, which is the minute you’ve made the sale. Pretty cool!
So, if you want money fast, sell your own product. If you want a no-fuss stream of income, albeit not a rapid-fire one, pick a few great products and tell everybody and their friends about them. The best approach: combine the two. That way, you’ll have the best of both worlds.
Affiliate Marketing & How To Make Money Selling Other People’s Products
What is Affiliate Marketing? Let me put it this way. How many times have you told a friend or relative about a product or service that you like that resulted in them purchasing that product or service? Now imagine doing the same thing on the Internet, but on a much larger scale. Now imagine that that the companies you refer people to pay you a commission for your referrals. That’s how affiliate marketing works.
The perks of starting an affiliate marketing business include:
Typically, no cost to join most affiliate programs.
The ability to work from home, be your own boss and set your own hours.
Startup costs are usually low. A fraction of what traditional business can be.
You don’t have to worry about customer service, inventory, shipping or receiving.
It’s easy to get started in affiliate marketing. There are many online programs that assist you and allow you to get started immediately.
You can work full time or part time.
You would be surprised by how much affiliate marketing is going on out there. I know I was. It’s all around us. For example, when I drive out of my housing development, there are little signs beside the road advertising a dating website. I see these signs every day, but I never realized they were put there by an affiliate marketer marketing for a dating site. The next time you are shopping at your favorite online store, try scrolling down to the very bottom on their homepage. You will find that many of them have a little link at the bottom of their page labeled “affiliate”. Look at the Amazon.com and Dell Computers sites for examples. These companies are looking for people to advertise their products. How many times have you purchased something on the Internet and ended up making your purchase through Clickbank? Clickbank is an affiliate program network. They describe themselves as “…the Internet’s largest digital marketplace”. They are basically the middlemen between affiliates and the real product sellers. If you have an ebook you want to sell, you might put it on Clickbank. When someone purchases your ebook, the affiliate and Clickbank both get a percentage of the sale.
The thing I like most about affiliate marketing, is that there really is very little maintenance required. Once you set up your website and affiliate advertisements, your home business can be on autopilot.
It’s not uncommon for affiliates to market for multiple companies, creating multiple streams of income. Although focusing on one particular type of product is typically recommended. For example, you might have a website that promotes Internet dating sites or work at home opportunities.
There is a lot of opportunity out there for those who want it. It does take some effort during your startup months, but if you stick with it, you can expect to earn extra income, stay at home with your kids or replace your existing income working fewer hours. If you are going to venture into affiliate marketing, you should do plenty of research. There are a lot of people who try affiliate marketing, don’t stick with it and fail, but there are also those who are persistent and make a lot of money doing it. The best advice I can give is, start slowly, do your research, test to see what works and stick with it!
Affiliate Marketing Success Tips To Help You Make Money
Affiliate marketing can be one of the best ways to make money particularly if you are new to internet marketing. The advantage of not having to spend the time and money to create your own product has made it one of the most popular ways to make money online. Do not get discouraged by the high competition levels instead get excited because anything worth pursuing will usually have high competition.
There are many paths you can take to make money as an affiliate and it really depends on your budget. If you have money to spend then using pay per click advertising like Google AdWords to drive traffic to your affiliate pages may be the best option for you. There are many articles written on pay per click and how to use it to succeed so be sure to read those to learn more.
However, most people come to the internet with a desire to make money, but their budget is usually very low. This means that using pay per click or any other paid advertising method may not be the best option as they can get expensive especially if you are new at it and are not able to create winning campaigns right off the bat. This is why learning how to generate free traffic is essential. Once you have more money from your internet business you can then move into pay per click and leverage your efforts further.
Niche selection is very important as an affiliate marketer. Be sure to do your keyword research and make sure your niche has many buyers in it looking for a solution to a major problem. Once you have picked out your niche the next step is to create a content rich site related to the niche you are in. Use a website builder or a program like WordPress if you are not comfortable with html.
Make sure your site is focused on quality original unique content as this will be the biggest factor determining its long-term success. Selecting the right kinds of products to promote can also make a big difference. You need to pick products that are of the best quality you can find. Also, if possible, look for membership type programs that have recurring commissions as they tend to be the most profitable.
You can add the affiliate links discreetly in the articles of your site or at the bottom of the articles. Do not flood your site with advertising as this will turn off many visitors and they will simply hit the back button or go to another site. Remember that the ultimate goal of your site to get loyal repeat visitors. This is why adding quality content that is original is so important and adding new content at least once every few days is important in order to give your loyal visitors something new on each visit.
Do not underestimate the power of your repeat visitors. These visitors can account for up to 90 plus percent of your affiliate income as they will be the ones most likely to buy from you, since they already like and trust you/your website. Search engine optimization is another important topic you must learn if you want to be able to generate free traffic. However, creating quality sites for your users is the first and most important step in doing well in the search engines.
If you want to drive more traffic to your website, then the best free approach is probably article marketing. What you need to do is write an article once a week or so on something related to the topic of your site. Make sure your article is good quality content, no advertising pitches in the body, make it around 500 to 750 words.
The signature at the bottom of the article is where you get to place usually 2 links back to your site. Submit your articles to major article directories like Ezinearticles or use an article submission service. The key with this method is creating quality articles and then doing it regularly and consistently.
In time you will get traffic from the article directories and also you get the added benefit of improved search engine ranking as the link popularity of your website grows. Act on some of these tips, learn from your experience and in time you should be experiencing affiliate marketing success in the very near future.
How Much Money Can You Make Affiliate Marketing? – https://www.mastersofmoney.com/howmuchmoneycanyoumakeaffiliatemarketing/