By Russell Hamel:
With so many people unemployed or underemployed these days, many are looking to the Internet to supplement their income and try to make ends meet. Still others are trying to replace their current full-time income so they can one day quit their jobs and spend more time with their family while working from their home offices. But how exactly do you get started in establishing an online business? Well, we believe that the best money making opportunities for novices lie in affiliate marketing.
With affiliate marketing programs, the concept is pretty simple. You send visitors to a merchant's website through your special affiliate link, and whenever a sale is made you receive a commission from that sale. It's really a great concept, and the simplicity is the number one reason why it's such a great money making opportunity online.
You see, with the traditional e-commerce business, you have to deal with most of the same headaches that any brick-and-mortar business would have to deal with on a daily basis. These include customer complaints, shipping and handling products, problems with credit card processing companies, making refunds, and having to keep some sort of inventory in your home or business. In addition, you have to make sure that you have a professional website with appropriate shopping cart software and security features to minimize the threat of hackers.
With affiliate marketing, on the other hand, you don't have to worry about all of these headaches. Instead, you simply refer people to a company's website and make commissions from sales. It's a much easier way to do business online.
So what exactly does it take to make money as an affiliate? Well, you need to find a profitable market and make a good content website based on products within that market. The website should focus on providing helpful information that gently nudges people towards your product reviews, which will of course contain your affiliate links.
There are many, many products that you can promote. Many affiliate marketers like to focus on digital information products like e-books, audio programs, and video training courses. These are convenient because no one has to ship any products, and the commission rate can be quite high (sometimes over 50%). That's certainly a good option to consider, as many people are making very good income by promoting information products in various niches including Internet marketing, weight loss, dog training, muscle building, and many other markets.
There does tend to be more competition in these kinds of markets, however. That's a good reason to consider physical products, simply because there are so many products available. Think about all the different kinds of items available at Amazon.com and other e-commerce websites. Visiting your local shopping mall or Wal-Mart store can help you brainstorm many ideas, and you'll soon realize that there are thousands of possibilities when it comes to promoting physical products.
Are there any drawbacks to becoming an affiliate marketer? Well, having your own products to sell has a number of advantages, but it can be difficult to get started when you're a beginner. We recommend focusing on affiliate marketing to build a business in the beginning, and you could even focus on it exclusively over the long term if you get really good at it.
You see, with the traditional e-commerce business, you have to deal with most of the same headaches that any brick-and-mortar business would have to deal with on a daily basis. These include customer complaints, shipping and handling products, problems with credit card processing companies, making refunds, and having to keep some sort of inventory in your home or business. In addition, you have to make sure that you have a professional website with appropriate shopping cart software and security features to minimize the threat of hackers.
With affiliate marketing, on the other hand, you don't have to worry about all of these headaches. Instead, you simply refer people to a company's website and make commissions from sales. It's a much easier way to do business online.
So what exactly does it take to make money as an affiliate? Well, you need to find a profitable market and make a good content website based on products within that market. The website should focus on providing helpful information that gently nudges people towards your product reviews, which will of course contain your affiliate links.
There are many, many products that you can promote. Many affiliate marketers like to focus on digital information products like e-books, audio programs, and video training courses. These are convenient because no one has to ship any products, and the commission rate can be quite high (sometimes over 50%). That's certainly a good option to consider, as many people are making very good income by promoting information products in various niches including Internet marketing, weight loss, dog training, muscle building, and many other markets.
There does tend to be more competition in these kinds of markets, however. That's a good reason to consider physical products, simply because there are so many products available. Think about all the different kinds of items available at Amazon.com and other e-commerce websites. Visiting your local shopping mall or Wal-Mart store can help you brainstorm many ideas, and you'll soon realize that there are thousands of possibilities when it comes to promoting physical products.
Are there any drawbacks to becoming an affiliate marketer? Well, having your own products to sell has a number of advantages, but it can be difficult to get started when you're a beginner. We recommend focusing on affiliate marketing to build a business in the beginning, and you could even focus on it exclusively over the long term if you get really good at it.
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