Start Earning Money Online Through Affiliate Marketing
There are many ways that you can earn money online and we will be discussing many of them on The Money Earn. When you are just starting out you may not have a lot of money to spend on your business and you can start building up your funds and learn affiliate marketing.
What Is Affiliate Marketing?
This is simply the process of promoting other people’s products and services and getting paid a commission either by check, bank transfer or PayPal transfer (there are other methods too). Sounds good eh? Well although it is easy in theory, the practice takes a little more effort and judgment. The first thing to do is to find a market that is in need of help. There are thousands of markets or “niches” that you can choose from and some will have thousands of potential buyers and others will have millions. Here are some of the most popular niches:
- Weight Loss – This is a huge niche which is highly competitive. There are millions of people across the world who need help with losing weight. These range from the totally obese to the people who just need to lose a few pounds to get back into those sexy summer clothes.
- Make Money Online – Another huge niche and again highly competitive. We are in tough economic times but there is still a vast amount of money to be made if you use the right approach. People are looking for ways to increase their income and the world of Internet Marketing is growing year by year. There are also other opportunities here such as Forex (Foreign Exchange) Trading and other forms of investment and gambling systems.
- Save Money – If you can help people to save money in these dark days of economic gloom then you will be very popular indeed. This is another vast niche with people looking to save money with online coupons to changing their home energy sources to cut down on utility bill expenses.
- Self Help – Again a massive market. There are millions of people looking for ways to improve themselves. This can be something simple like overcoming procrastination to a complete course on how to be successful.
- Relationships – Human relationships are extremely complex and if you can help somebody save their marriage or get a girlfriend then you will be on to a winner. This is another big and competitive niche where lots of money is being made every day.
- Health – A lot of people are suffering with health problems and then there is a vast market of people who just want to lead a healthier lifestyle. If you can provide quality products that will be of value to these people then you will make money.
This is really just the tip of the iceberg but they are niches that get a lot of visitors every year and people that visit your web site and convert into buyer’s means money in your pocket. There are a lot of companies and individuals that offer affiliate programs that you can join easily. I am going to differentiate this from CPA (Cost Per Action) marketing and I will write a separate post on that soon. Affiliate marketing is where a product or service is promoted and if a sale is made, the referring affiliate receives an agreed commission.
Some Affiliate Marketing Companies
You can promote digital information products such as e-books, videos and audios and these will be downloaded by the customer as soon as they have paid. One of the most well known affiliate marketing companies for this type of product is Clickbank and you can find them at http://www.clickbank.com. They are hugely popular because they pay their affiliates on time twice a month. The biggest downside with Clickbank is that there are so many affiliates promoting the same products and the competition is fierce. One of the most popular products is “The Magic Of Making Up” which is a guide to getting your ex back. The competition to promote this is strong as many affiliates are trying to make sales with this.
I am not trying to put you off of using Clickbank. I make commissions from them most months for products that I have been promoting on sites that I made a few years back. It is just that sometimes it can take a long time to make a sale with the more popular products. An alternative to Clickbank is PayDotCom which can be found at http://www.paydotcom.com. Here commission payments are made to your PayPal account. Over the years digital information products have become a harder sell as people expect an awful lot for their money. A few years ago people would have willingly paid $97 for an e-book telling them how to make money online. Now they would expect videos, pre-made web sites, graphics and all manner of other things for this kind of money.
Physical products can also be promoted for affiliate commissions and the biggest company online is Amazon. Almost anybody can join their affiliate program and then start promoting a range of products. The commission percentages are quite small and can be as low as 4% whereas on Clickbank they are almost always 50% or higher. A lot of Amazon affiliates just promote high ticket items that cost hundreds of dollars so that the commission that they earn is worth the promotional effort. You can learn more about being an Amazon associate (their term for affiliate) by going to https://affiliate-program.amazon.com/.
A Quick Affiliate Marketing Guide
One of the most popular and effective ways of earning affiliate commissions is to write reviews on the product or service that you are promoting. This is a lot easier to do if you actually own the product but it can be done by reading other people’s reviews and writing these in your own words if you do not own it. Another popular method is to provide a comparison review of three products in the same niche. A good example of this can be found here. There will be many more posts on the blog and in the new members area soon on the subject of making money successfully with affiliate marketing. In the meantime you can learn more from visiting an affiliate marketing forum or affiliate marketing blog. Just go to Google and search for them.