Entrepreneurs and business opportunists all over the world have been looking for a way to make money online without having a product of their own. Thanks to affiliate marketing this is now possible.
Affiliate programs work by paying commissions when a specific action is taken. The three types of actions in which an affiliate can be paid are through clicks, leads, and sales.
Sites such as yahoo publisher or Google ad sense are perfect examples of websites that pay affiliates for clicks. Whenever a visitor clicks on an ad you make money, that’s it. Advertisement clicks can generate anywhere from $0.10 cents to $15.00 for a single click, and sometimes much much more!
As an affiliate you’ll want to stay up to date with the latest and most effect traffic generation strategies. Driving targeted traffic to your website will generally increase your click through rates. The operators take care of all the advertising costs and ad targeting on your website. All you’ll have to do is enter a snippet of HTML tracking code into your website and you’re all set.
As for sales commissions, single affiliates can earn anywhere from 5% – 75% of the money generated by each customer they refer. This type of revenue can last for a single transaction or on a continuous basis. Either way, an affiliate has virtually unlimited earning potential as he or she can affiliate with an unlimited amount of companies.
Now even though one can affiliate with lots of companies, that doesn’t mean it’s the best way to go. Most affiliates experiencing success usually work with only a few companies and focus all their efforts into the promotion of one product at a time.
Affiliate marketing is a lot like chess, in the sense that you’d want to be strategic in your marketing efforts. Promoting 10 different companies will surely spread any affiliate to thin. In order to win in this game, it’s best to start by focusing your efforts on one product promotion at a time.
Now once your websites are set up the only thing you’ll have to do is test and tweak. By testing different landing pages and ad copy you can maximize your conversions. As an affiliate you’ll want to also have extensive knowledge on how to advertise and market effectively. Once you’ve mastered advertising and marketing online, then you’ll be ready to create you’re own product and have affiliates promoting for you.
If you want to start working for yourself but feel you don’t know how, then affiliate marketing may be your golden ticket. If you have a computer and a decent internet connection then you can get started today.
The best part about working in this industry is that you can set up websites once that will continue to generate revenue for you forever. With a good mentor and a little dedication you can become an expert affiliate marketer in no time.
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