There are thousands of people making large sums of money by selling other people's products. Find out what websites to visit, how to promote your business and how to find your niche market.
There are so many ways to make money on the internet, perhaps too many. Wanna be entrepreneurs find themselves suffering analysis paralysis by searching for different internet business options but in the end don't do anything for fear of failing.
If you want to learn at a rapid pace and earn money with an internet business without paying web hosting, domain name, inventory, web design etc. then affiliate marketing is your answer.
Affiliate marketing is a great way to start your own home business without the expense and pressure of becoming an immediate expert in marketing, creating sales copy, web hosting and design, search engine optimisation, google ad words and other industry jargon that when you start are definitely a foreign language.
So what exactly is affiliate marketing?
Basically you sell someone else's product such as an ebook, study program, audio program, software program or any other marketable item. You are then paid a commission for every sale that is made by people who purchase through you. You don't deal with payments instead all you do is obtain a web page link, banner, web address etc. that forwards anyone who clicks on it to the sales page of the person who created the product. The link has code in it that links all of the sales back to you. Therefore you don't need a website - instead you use the website of the person who knows their own product best.
Vital Tips To Get Started
1. Visit www.clickbank.com and www.paydotcom.com
There are a number of sites online that provide a massive database of people who have product that they want others to sell for them. Open an account on these websites and search them to become familiar with the site and to see what sorts of products are on offer for you to promote.
2. Find a Niche Market
Instead of just searching aimlessly for a product it makes more sense, and saves you time, if you work out who you can sell to and then find a product that fulfills their needs. There are a number of ways to market and promote your product however you will get more clicks and purchases if you find your target market.
One way to find your target market is to visit networking sites and forums. You can search for groups on yahoo, google and msn or try other sites including myspace, facebook, ning.com and xanga.com Search these sites for unique groups and find out what problems a number of members are expressing. You may say "Problems? My life has plenty of problems so why would I want anymore" That's because you are going to become a problem SOLVER by finding a solution to their problem.
Another option is to find a unique group with a common interest and then search clickbank or paydotcom for that common interest and see what product options appear. For example you may find a group of pet owners so you then search clickbank for animals or pets. You may find an ebook that teaches people how to create their own healthy, affordable pet food at home. You could then go onto the forum and tell people that you have just found a book that they may be interested in. You would then give them the website address - making sure it has your affiliate code so that all sales earn you commission.
3. Promote Your New Product
There are two options when it comes to promoting your product - Free and/or Paid.
Depending on your budget you may want to first try the free options. Free options include word of mouth, free classifieds (online and offline), emails to your database and email lists, add an electronic signature to all outgoing emails promoting your new website, write a press release and write and place at least one article. Basically when it comes to free methods you are only limited by your imagination.
At some point, if not initially, like any business you really should invest some money into promoting it. Some methods you could use include paid classified ads, creating business cards, send out traditional mailers (there are even companies you can pay to do this for you), Google Adwords or other Pay Per Click traffic or pay a company, such as rent-a-list.com, to send emails to a targeted group of people who give permission to receive promotional emails.
Using a diverse range of promotional options will increase your sales potential. Be aware that promoting your business is not a one time activity, rather you need to continually revise your marketing and finding new ways to promote your business to keep driving traffic to your webpage.
The most enjoyable and rewarding step in the process is:
4. Bank your money
Affiliate Marketing is a business that anyone can do, regardless of the level of knowledge of the internet. You have nothing to lose by becoming an affiliate marketer today - just give it a go and you may be surprised how much fun it can be.
Lorelle Rickard is an author and entrepreneur for Inspirational Wealth Pty Ltd, a continuing education and business development company showing people build business success. Get No Obligation Free Tips and Training at http://www.24hourwebcash.com/rickard6923. Find out if you qualify to be trained in having your own business at 1-800-719-8268 extension 28433