Affiliate Marketing – The Basic But Important things to Know about Affiliate Marketing
The fastest and easiest way to make money on the
internet is by selling, promoting or marketing other people’s products /
services. This method is known as Affiliate marketing. The main
disadvantage of this
money marking method is of course the fact that you
can’t retain the entire revenue for the product / service you sell, but
you get a certain percentage on every sale you referred. Affiliate
Marketing is currently the most
popular way to make money on the internet.
You however have the option and privilege to sell your own product/service if you choose
not to be an affiliate. The best thing about selling you own
products/services is that you have self-control over the entire
marketing process, pricing, and you retain almost 100% for every sale
you make.
But as you may know by now, creating and selling your own product is not
always an easy thing to do. If you consider, as many people do, that
creating your own product is difficult, then your only choice of making
money online would be to promote other peoples’ products through what is
called affiliate programs. In other words Affiliate marketing.
There are dozens of good affiliate programs available on the internet.
The leader of these programs as far as digital products are concerned is
of course Clickbank.
In most affiliate programs, you’ll usually get paid per sold product but
some programs may pay you just for sending visitors to their website. The
compensation varies from a few percentages up to 50-75% of the sale. An
affiliate is a person who promotes the product/service of other
companies and then gets paid by commission, per referred sales he makes.
The information below is an except of my new e-book entitled:
Internet Marketing Instructions. Follow this link:
http://www.onlinemeans.com to
download the full e-book for FREE!
What Are You Going To Promote?
Now, I hope that once you start on step one in
setting up your own internet business, you are going to focus all
through. I will start letting the cat out of the bag.
The first important step is deciding how you are going to make money on
the internet, i.e. what are you going to make money with?
A- Promoting Affiliate Products
One of the best methods is to promote other people’s products or
services. This know as affiliate marketing and it is good for you
because of tree main reasons:
1- You have no financial outlay
2- You can get your business starting quickly
3- You can test the profitability of a market easily
And many more advantages.
There are lots of ways to find programs to promote. When you are
promoting another person’s product you are known (in Internet marketing
terms) as, an affiliate and an affiliate program is run by a product
owner to recruit people like yourself to promote their products.
Clickbank
The main source and excellent way to find products to promote is to
visit http://www.clickbank.com
It’s a massive directory of affiliate programs, and the nice thing about
it is that it takes care of the entire back end process, i.e. it pays
the merchant, pays the affiliate (you!) and is reliable. They’ve been
around for years and there will be no worries about you not being paid
or them going under. Another good think about Clickbank is that you can
also aggregate your commissions from various campaigns, which means you
get your commission check a little bit quicker. In fact, they are the
greatest distributors of digital products in the world right now! If
your are serious about doing affiliate marketing, then you have to use
Clickbank.
The downside of Clickbank is that they pay by check and take a
commission. However, for the peace of mind, it’s well worth it. And come
to think of it, they are also doing business, so they should make
profits too, right? Coupled with the fact that there is a possibility of
setting up this internet business for little cost, it is well worth
checking out Clickbank. It is completely free to register as an
affiliate.
Commission Junction
You can also check out the affiliate programs at commission junction.
You can sign up for free at
http://www.cj.com/. They also offer interesting affiliate programs
that you can exploit to your advantage.
You should be aware that affiliate marketing is not for boys! It can
turn out to be difficult to make money with them if you don't do it the
right way. The main thing to note about all these affiliate programs is
that it is very vital you concentrate on a particular niche. For
example, if you what to
promote products in the jewellery industry, then
choose about 4 to 5 products in that industry and that industry alone.
This will make it easier for you to drive traffic to you webpage by
using articles submissions or youtube videos. And if you choose to use
Pay per Click advertising, to advertise your business, then choosing
products from a single niche would make it easier for you to be relevant
in you advertising. (I would be explaining more on this in the last part
of this book). I don’t mean that you get stocked in one niche, but for a
start you should focus on a single niche so as to be able to learn how
the whole process works. Once you became well learned, you can then
start diversifying your products so as to smooth your returns and
minimize your risks.
Here are other sites that also mange affiliate programs.
http://linkshare.com/
http://saleflurry.com/
http://shareasale.com/
B- Obtaining Resale rights
You may also decide to acquire resale rights. You can acquire the
'resale rights' to a product − which allows you to sell it as if it was
your own.
One popular and profitable way to attain success in Internet marketing
is to acquire the resale rights to products.
Here are the main reasons
1. You don't have to create any content yourself. You receive the actual
product plus a ready made web page.
2. The products are digital goods so you can automate the whole selling
process.
3. You keep 100% of the profits unlike an affiliate program where you
just get a commission from each sale
4. You can repackage your resale rights products to create a new unique
package that is exclusive to you.
Generally I don’t recommend obtaining resale rights in this book because
there is no where in this world that you can get resale writes for free.
But if you could invest some money in this, then find sites that are
offering resale rights by typing a keyword such as “obtain resale
rights” in Google and exploit the results you find.
C- Become an Author
Can you write? Do you know how to do something
special? If yes, then you can share your knowledge with the world by
writing and selling your own e-books or e-course.
If you decide to make money through e-books, then I advice you to use
Clickbank for the same reasons I suggested above. To become a publisher
with click bank, you have to pay a one time fees of about $40 for each
e-book you want to sell with them. There are thousands of affiliates at
Clickbank just waiting to help sell your product for a commission, and
that is what affiliate marketing is all about!
To sell your e-book on Clickbank you’d require a landing page and a
thank you page. (I will show you how to create and publish these pages
later.)
When writing your e-book or e-course, you should make it interesting so your readers won’t be bored when reading it. To make even more money from your e-book, you can propose some of your affiliate products in your book.
If you decide to make money through your e-course,
then it would be best for you to give out the e-course free of change in
different instalments, and then make money by promoting your affiliate
products in your e-course. By doing this, those who subscribe to your
free e-course would likely buy one of your affiliate products and then
you would earn commissions.
This affiliate marketing method is good since many people like free
stuffs. You start by giving them a free e-course, and then later you
market products to them. Given that the e-course is free, many people
would like to subscribe to it.
You can also give your e-book for free, if you choose to write an e-book
instead of an e-course. Just make sure you have some affiliate links in
it so people could buy stuff and you earn commissions.
No mater what you decide to do: an e-book or e-course, in order to
succeed with affiliate marketing, you have to show to your readers that
you have value. The best way of doing this is by providing good and
appealing content for your readers. If not they would not be interested
in your writings. People like to associate themselves with people who
can offer something good to them. That is how a normal rational human
being behaves. If you don’t prove that you are smart in your chosen
niche, your readers won’t buy any products you recommend. Give valuable
information, smart pieces of advice, and write in simple good English,
then you would get their attention. There are other things you have to
know about affiliate marketing which are......
That was just an except! Get full version of my new e-book for FREE at: http://www.onlinemeans.com