Affiliate marketing is a very lucrative business model for those who take the time to learn it well. It is also a very cost effective method of increasing your online business for the long term.
The one creator of the affiliate business model is in fact an online entrepreneur named Roy H. Williams. He created the model for the good old fashioned brick and mortar world. In Affiliate marketing you are selling other people’s products in a very cost effective way. Usually affiliates get paid up to 70% of the retail price as commission on all sales that they make.
At the most this means that you would be making $30 on each product you sell.
All you need to do is market:
Many companies or affiliate programs are generous with commissions. I have seen some programs pay as high as 75%. Look for programs that pay at least $20 or more.
The start up cost is minimal and can be done anywhere with the above tips plus some time
What are you waiting for? Get out there and start earning money today!
Traffic: You must generate traffic if you plan on making a living online as an affiliate. This is like real estate. Without traffic you won’t make any sales. I have some tips for you.
Depending on how much you can spend you can go about this process in a number of different ways. Social networks, classified ads, posting on blogs and forums or writing articles. All of these methods can drive traffic to your website or blog.
You must be aggressive in how you market
Attraction Marketing can be very powerful and rewarding.
Know your target market: An important step that most people fail in is doing research on your target market before you promote anything. This means finding out what people in your target market are looking to buy or learn.
Find affiliate programs that deal with your interest:Some of the best affiliate programs to sign up for here are from this list: Clickbank, Linkshare, and BB campaigns
Research your keywords:
It you check out what keywords are being search for in an affiliate program sign up to the affiliate program.This will help you understand what people are buying or seeking such as detail plumbing. Keyword research is a science in itself, but I would suggest you get some books on the subject.
Why should I promote the product?
This is where a Question and An raises targeted rock walls when it comes to choosing a product to promote. You always have to consider the end user when you choose for the product to be promoted. Which product do you know will help the visitors the most.
This could be the product you choose to promote as your own product or they may just be an influencer.
What do you think the conversion rate of?
The conversion rate is basically the number of sales made divided by the number of visitors. A conversion rate of 2% means that 98 sales were made out of the estimated 1000 visitors. These are examples.
Apart from the conversion rate you need to be sure that the merchant is reliable. A conversion rate of 0.5-2% usually means it is a good reliable merchant.
What is your cost average?
This is what you need to be looking at, not what you think is the value of the product. There are products that are often overpriced. it is in your best interest to choose a product that has a low cost also.
Where to look for affiliate programs?
One solution is to join the affiliate programs of companies that you are interested in or products that are related to your field. Look for vendors who have programs that say you can earn up to 50%. You could find some through your affiliate group.
Try forums more
Once you have found your affiliate programs to join do some searching for forums on your niche. Some of the areas I would recommend are Affiliate Konnect Run, Webmaster World, and Associate Programs. They are equipped with a fantastic amount of free tools to help your affiliate marketing efforts.
What are you waiting for? Join affiliate programs and start making some serious money. The work has only begun!