If you're interested
in working flexibly from your laptop, affiliate marketing might be an option.
With many products online for affiliates to promote and many ways to promote
them, it's a very flexible business model which can give you time and financial
freedom. Initially though many affiliates struggle to make sales. It's a
process to learn the skill of marketing affiliate products. However, if you're
determined to learn that skill, it can serve you for the rest of your life.
Once you're successful
as an affiliate, you can live anywhere, work for yourself and never need
another job or employee ever again. This is a large "prize" and one
worth working for. But many drop out before they get to the point of even
making a single sale.
The learning curve for
affiliate marketing can be a steep one, and there's no guarantees. You'll need
to sell something before you can make anything. So if you're desperate for
money it's probably not something you should rely on for income straight away.
But if you're serious about building an income from the internet, and willing
to put in the effort, the rewards can be great.
There's many ways to
do affiliate marketing and depending on your own circumstances you can opt for
one of several strategies, or choose a couple. The general advice though is to
pick a marketing strategy and stick to it for the long term until you get
traction. Jumping from one strategy to another can mean you spread yourself too
thin. \
Any strategy can be
tough, so it's a good idea to stick to one you're comfortable with. Blogging,
or content marketing is a slower strategy than through using paid marketing.
Some affiliates will invest in high ticket programs and then use paid marketing
to build and scale their business quite quickly. This requires a lot more
investment than someone who wants to use free programs and generate traffic
through blogging, for example.
Depending on your own
particular circumstances you can choose a strategy to suit you and your budget.
Free marketing strategies can take much longer though and require a lot more
work. Blogging, or video creation are two such strategies. By uploading a video
to YouTube each day, or creating a blog post, you shouldn't expect too much to
happen in the short term. But over months and years of doing this activity, you
can generate a nice passive income through promoting affiliate products through
your content.
Over time, your
content will grow and videos and posts you wrote years ago can still generate
you an income. As your volume of content grows you should see your income
growing from sales too. This will also depend on a number of factors too, of
course. Depending on your topic and ability to create useful and interesting
content, this can take several months or even years before you see regular
traction in your online business.
A much faster method
is to use list building and paid marketing. With list building, you create a
list of email subscribers and send them regular emails through an
autoresponder. As your list grows, and you build relationships with your
subscribers, they should get to know, like and trust you. You monetise your
email list through providing useful affiliate products which will be of value
to your subscribers.
Initially though, as
an affiliate marketer it can be tough. With a list of only 90 people, it's much
more difficult to make sales than with a list of 90,000 subscribers. In the
early days it can be difficult to see this, and all you look at is the lack of
sales you have made!
Affiliates therefore
need to be patient and understand than they are building a business. Many
affiliates don't see this though and quit far too early. Before even building
an email list of 1000 subscribers, they declare that "it doesn't
work" and quit!
A good analogy of
affiliate marketing is to look at the Chinese bamboo tree. A Chinese bamboo
tree gestates underground for 4-5 years before anything breaks the soil
surface.
Once it does break
through the soil, it can shoot up to 90 feet tall in a six week period.
Affiliate marketing is
much the same. The gestation period can be months or years. This is the hardest
time for affiliates because they have no proof that their business is working.
There's some other
ways you can optimise your traction with an online affiliate business too. For
years I struggled with affiliate marketing because I didn't know this. I joined
Amazon and eBay affiliate programs and worked hard building content only to
make next to nothing!
Later I found out
about digital products which paid much more in terms of commissions. Amazon,
for example pays from 1-11% commission on a product sold by an affiliate.
Digital products typically pay much more and often from 40% to even 100% in
some cases.
Subscription digital
products too offer the affiliate a greater opportunity to earn regular income
from a small number of sales. As a beginner, it's definitely worth using
subscription affiliate products. These are things such as memberships and
software products used by online businesses themselves.
A subscription product
can allow a relatively new affiliate to start earning regular commissions much
more quickly. Since initially getting your first commission is the hardest
part, subscriptions give you an added bonus and help you attain more stability
with the same amount of work.
High ticket products
are another consideration for affiliates too. With a high ticket digital
product you can earn much larger commissions for a single sale. A $100 product,
for example might offer you a $40 commission. Whereas a $1000 product will give
you a nice $400 pay day - with what amounts often to the same amount of work.
It's also worth
joining an online community and getting the help and support of mentors, if
you're going down the affiliate path. With a mentor, you have support and
guidance. In those moments when you want to quit, they will put you back on
track and support and assist you. When there's only you working alone, it can
be very difficult when you're not making much progress.
To learn how to build
your own online business see his site here: affiliatemarketingmentorsonline.com
Article Source: https://EzineArticles.com/expert/Tim_Halloran/488644
Article Source: http://EzineArticles.com/10456690
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