Ok, so what exactly is Affiliate Marketing and how can I make money on the Internet by becoming an affiliate?
In a nutshell, Affiliate Marketing means that you are promoting the products or services of others in exchange for commissions when purchases are made.
Commission amounts can vary and are commonly offered from 30% to 75%, with 50% being considered about average.
Some commissions are recurring and can even be as high as 100%!
Once you join an affiliate program, When you send someone to the product owner’s site through your link with your ID and a purchase is made, you receive a commission!
This is a mutual benefit for both yourself and the program owners because you both make money and the product owner receives greater exposure to new customers with less advertising expense.
The advantages of Affiliate Marketing that I love the most include not having to worry about product creation, delivery issues, support, shipping, refunds, order processing and employees.
Last but not least are of course, the commissions!
Choosing Hosting and Domain Names for your Marketing:
Having your own hosting account and domain name will give you complete control over your efforts, offer you greater flexibility for making changes and will be the cornerstone of a successful affiliate business. When registering a domain name, it’s always a good idea to choose a .com or .net with relevant keywords in your domain name because it looks professional and you may get
a boost in search engine rankings as an added benefit. The host I use for all of my needs is HostGator, which is very affordable and offers fast, friendly support.
Choosing the Right Products to Promote:
It’s important not to overwhelm yourself at first by promoting too much at once. This is a very common mistake that can be easily avoided in the beginning. Start out small by choosing only a hand-picked few, focusing on them and gradually increasing the mount as your list of prospects begins to grow. We’ll discuss the importance of list building in just a bit. Downloadable products and online services are the easiest to work with and are also the most common for Affiliate Marketers, so they will be our primary focus. ☺
If you’re not sure what niche to choose, my advice is to take a look at the hot sellers and popular products listed in each Affiliate Network we’ll be covering, as this will give you a good starting point and a clear idea of what people are buying. It’s a sure bet you will be able to find some great products to promote that are related to your niche. Daily Niche Idea is a fantastic free resource to get your ideas flowing and can also give you a little inspiration before you begin your journey as an Affiliate. Product selection is very important! Choose products that you feel comfortable with, what you find useful, interesting or valuable. When choosing a product, it also helps to ask yourself the following questions:
1. Is this product or service something I wouldn’t mind having myself?
2. Does the product and website convey a professional appearance?
3. Are there positive testimonials on the website?
4. Do they offer guarantees?
5. Do they offer 40% commissions or better?
6. Do they offer promotional materials for affiliates such as banner ads, etc?