Affiliate Marketing – Why It Is One Of The Best Money Making Ideas?
One of the best money making ideas that you may want to consider is affiliate marketing.
Affiliate marketing is when two marketers come together – one with a product and one with an audience – and they split the profits on any sales they make together. The affiliate sends traffic to the product creator’s sales page, and the product creator closes the sale and gives a commission to the affiliate for every paid referral.
You can become an affiliate for nearly anything – from Dell computers to beer-making machines to books and products on sites like Amazon.
However, when you’re an affiliate for physical products, you generally receive a small commission – perhaps only 5% or 10%. That means if you’re selling a $100 product, you’ll only get $5 or $10 for every paid referral you send to the merchant.
Important: Don’t discard affiliate marketing just yet. You see, if you promote downloadable products like ebooks, you can get as much as 50%, 75% or even a full 100% commission for every product you sell!
Now imagine those sorts of commissions on a $100 product, and you can see how the money will pile up pretty quickly in your bank account!
Here’s an overview of how to make your fortune with affiliate marketing:
1) Find a hungry market. Some people find a product and then go looking for a market. A better way to do it is to find a hungry market that’s flush with cash first (because finding a product is the easy part).
2) Find out what this market is already buying. The easiest way to make money online is to sell what people are already buying.
3) Find suitable products. Go to Clickbank.com to browse for affiliate products that are similar to what the market is already buying. Be sure to read the products and research the merchant to make sure you’re dealing with a good merchant.
4) Set up a lead-capture page. NEVER send your leads straight to the merchant’s page. Instead, set up an autoresponder series and a related freebie (like a free ebook) to get all leads on your mailing list. THEN you can recommend that those on your mailing list purchase certain products.
5) Start sending traffic to your lead capture page, using pay per click marketing, search engine optimization, article marketing, blogging, social media marketing, forum marketing, viral marketing and similar strategies.
That’s it! Just build a list of targeted buyers, find affiliate products that solve their problems, and recommend those products.
I hope that you can see that affiliate marketing is one of the best money making ideas that you can use to build your business.
I wish you well.
Pete Harris
Digital Marketer & Home Business Consultant
Six Figure Mentors Elite Member
Pete Harris – Money Making Ideas – Affiliate Marketing – Top
