You might be thinking only deep pockets or experienced marketers can make much money out of the Internet, don’t you? Think again. You too can earn big money online even if you are a green newbie, with no product to sell and small or no start up capital.
In Work From Home Business Success Secrets I said that I had some success in my online home business starting with no money at all. I've made $7,000 in one month and $3,000 in one week selling resale rights, Private Label Rights products and promoting other's people stuff. How did I get started making money online? This article is the beginning of what I'll share with you.
What You Need?
All you need to start making money online is a good ideas home business, a business example plan, Internet marketing tools and Internet home based business guide to hold your hand and walk you through every step along the way.
How to Start Making Money?
You can make money through free affiliate programs. You might have come across these words over the net while surfing. It is one of the greatest industries nowadays because it is proven to be cost-efficient and quantifiable means of attaining great profit both for the merchant and the affiliate and other players in the affiliate internet marketing program, such as the affiliate networks or affiliate solution providers.
let's see how...
Before that, I want you to get a comprehensive idea about affiliate marketing programs.
What Is Affiliate Marketing?
Is a system of advertising in which the product promoter get paid a share of a revenue generated from sales made from his/her efforts. It is a revenue sharing between a merchant and a salesperson.
The basic model works something like this: A website or a blog owner registers an affiliate program; she then puts links, banners, products reviews, etc…on her web site or blog. If a customer follows an affiliate link from her website to the the product owner website and completes the required action in accordance with the affiliate agreement, she gets commission.
What Affiliate Programs Are Out There?
1- Pay Per Sale Affiliate Program – This is the most popular and common type. In Pay per Sale program you refer visitors to a merchant that sells products or services. When your referrer buys the product you get a commission.
2- Pay Per Lead - In this you are provided with an amount of money when a visitor coming from your website sign-up a form such as subscribing to a newsletter. In this, merchants only pay affiliates for qualified and legitimate leads.
3- Pay Per Action – In this model you get paid every time a visitor from your website downloads free software, use some product or service, etc…
4- Pay Per Click Affiliate Program - It is an advertising model used on websites, advertising networks, etc…where advertisers only pay when a user clicks on link to visit the advertiser's website.
The advertisers and merchants are normally referred to as affiliate merchants, and publishers or sales people are known as affiliates.
Benefits Of Affiliate Marketing
The many benefits of affiliate marketing business include the potential for making lots of money. You can automate different advertising process and receive payment for desired results, which includes sales, registrations, downloads and clicks.
Even though most merchants will assume some level of risk with fraud, there is still a level of risk involved. Once you know what you're doing with Affiliate internet marketing program, you'll be on top well before you know it.
When it comes to making money, affiliate marketing is in a league of its own. You don't have to worry about bosses breathing down your neck, and you are in control of everything you do with your company and your website.
Affiliate program also gives you the chance to stand behind products you know and love by offering links and banners to them on your personal website. You'll receive money for each product purchased that you represent, which is reason enough to participate.
If you've been looking for extra money, affiliate marketing is the way to go. You can stick with one merchant or go with as many as you want for your business. Affiliate marketing on the internet is very popular – making now the time for you to get your foot in the door.
Are All Affiliate Programs Created Equal?
Not all affiliate programs are created equal. There are several things to look for before joining any program. Some are legal and some are not. Some will give you a better percentage and tools than others. So, Before you sign up for any program, do your due diligence and investigate the company. Get recommendations from other successful affiliates.
If you want good money Consider the following:
- One-tier affiliate programs pay you commissions on one level. That means for each sale you make you are paid one time. For example, if you are offered a 50% commission and the product sells for $47, for every sale you make, you will receive a $23.50 commission.
- Two-tier affiliate programs. Two tier affiliate programs pay you commissions on two levels. You will receive a commission for each sale you make and for each sale your sub-affiliates make. This is an excellent way to create residual income with an online business.
If you recruit only 10 sub-affiliates in your first month, any one of them make sales you get $15 commission. Let’s say every one of your 10 sub-affiliates makes 5 sales and you make 25 sales, how much money you get? Let’s do the math to see.
For your sales, you would earn $1000 (25 sales × $40 per sale).
And from your sub-affiliates' sales, you would earn $750 (10 sub-affiliates x 5 sales x $15 per sale).
That's $750 generated from just 10 sub-affiliates! Without lifting a finger!
How to Become a Super Affiliate?
If you want to be supper affiliate marketer and make fortunes out of the Internet, you need to follow the following three most basic and easiest ways to start an effective affiliate marketing program.
- Find an affiliate program in a niche that you are interested in or passionate about - Focusing on a specific niche you know very well will help you bring out your best without much risks and effort. You can add a personal touch to your website and give your visitors plenty of reasons to keep coming back and an impression that you are an expert in your field. In this way, you gain their trust and eventually encourage them to buy the products you endorse.
- Look for an established company that has quality product or service, quality support and happy clientele - In choosing the product; you must also consider its conversion rate (the number of visitors-turned-buyers). There are various affiliate networks and affiliate solution providers that can give you info on the most profitable products and best paying merchants. The key here is, be wise enough to choose the right one.
- Create your own website or blog - You want to be perceived as an expert in your chosen field and you want to build your name recognition so never send your potential clients directly to the merchant website. Instead design professional site web where you will show your expertise.
Now that you have decided where to concentrate, have chosen the products to endorse and the merchant you are supporting and have created your own web site with top level domain name, a cheap web hosting, and you are ready to promote your business.
This is a crucial task, since it is through this that you would be able to increase traffic to the business website, sales and of course, profits. In affiliate marketing, it is possible to earn large sums of money in a short period of time especially when you’re endorsing a quality product. With the right marketing strategies and sales techniques, you can draw visitors to the merchant’s site and make them buy the products.
How to promote the products, though, would need a separate discussion. Continue to educate yourself by reading books or other articles online about the best advertising techniques.
Keep in mind, there is no easy and quick path towards success. Affiliate marketing may seem very attractive due to numerous encouraging testimonies of merchants and affiliate marketers alike who have benefited from it, but it involves great deal of hard work and persistence.
Similarly, you need to be creative, flexible and willing to squeeze new ideas to market your home based business until you find the perfect strategy that works for your targeted market. Neither signing up for an affiliate program nor copying ads and leading others towards the merchants’ website will guarantee your success.
Many affiliate marketers fail in this aspect because they lack hard work, so when they don’t make sales, they quit, look for other programs and repeat the same mistake. In the end, they conclude that affiliate marketing is just one of those scams in the Internet.
Affiliate marketing is really fun and exciting home business that you can run from anywhere. Affiliate marketing is bigger than ever, because the rewards can be greater for those who are willing to put the effort into promoting affiliate internet marketing programs. If you employ the right strategies, be creative, be smart and certainly, you’ll achieve your goals.
Here's my own experience on How I started Making Money Online?