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The BIG QUESTION on everyone's mind is...
Can
you make money on-line through affiliate programs?
The
Answer is YES and YES and YES!
It is totally possible to
make money on-line, there are all kinds of articles and stories
about people who have been successful making money through affiliate
programs. A great example is Affiliate Super Star Rosalind Gardner
who makes over $ 400,000 a year. You can read a review of Rosalind's
successes at
http://www.bestaffiliateproducts.com/rosalind-gardner.html
There
are also lots of "little guys" doing well selling affiliate
products.
It has nothing to do with getting in on the ground
floor in a particular program. It has nothing to do with having
loads of money to market your program. Yes, you do need to have to
have a marketing budget, but that is just the cost of doing
business.
What it boils down to is knowing what to look for
in an Affiliate Program.
More specifically, you look at
programs which provide:
1. Products/Services that are in
demand. This is pretty obvious, right? If you don't have a market
for your products/services then you aren't going to make any money.
Now, you did your research already and found that your niche idea
does have a demand...so what you are doing is looking for
products/services to weave into your niche site.
The best
product or service to weave in, of course, is one that you have used
personally. Nothing works better than giving a personal
recommendation. If you can, weave in testimonials from others who
have used the same product or service. That way, there is more than
one voice and that goes a long way to helping a customer make a well
informed buying decision.
2. Look at the Commission
Structure. The BEST commission structure is one that pays you on a
recurring basis. Monthly income is the best way to go but, depending
on your niche, might not always be an option for you. If that's the
case then do a little investigative work and check out competitor
commission structures, and then, go for the one that pays you the
most for a one time sale.
3. Promote more than one
product/service. Now this can get a little dicey for you because you
don't want to confuse your customer but, you also want to have a few
options available for making a sale. Let me explain this a little
better for you, by explaining what I would do using the Golf example
I referred to earlier in this course.
The niche site that I
suggested I would build around the "golf" niche was 'used golf
equipment'. I said that I would have had some sort of a membership
board where people could post their buy/sell items. That membership
site would, of course, be my own product, so that means I would get
100% of the money generated by it.
I also said I could
incorporate some form of comparison chart for buying used versus new
golf equipment. That way if, say a specific club was selling at $150
used and maybe $185 new, then the customer would be able to
decide... new versus old. I would still make the commission on the
new item. See where I am going with that???
Ok, now...in
addition to the golf products, I would also want to have posted some
good content on my web site, as to what to look for when buying used
equipment etc. I would post articles that related specifically to my
niche. I would then go and apply to the Google Adsense Program and
would post little ads on the article pages. If a customer came and
decided to clickoff into some other site, then at least I would see
a commission from the click. I may then even decide to join
Amazon.com or some other online book club and pick a few good golf
books to recommend.
So...one niche site and I have created 4
income streams for myself. That is what I mean by promoting more
than one product or service. Essentially what you are doing is
giving yourself a good well-rounded product mix.
You can
specialize if you want to. For example, I know of someone who is
going to build a niche site around a specific coffee machine that
they feel is going to take off. The machine is made from one
specific company, which is ok. So they build a site around that
machine, then they go a step further and weave in the coffee that
you need to buy in order to use the machine. No other company's
product/service is involved, just the one specific one.
See
where I am going with this? and just how powerful affiliate programs
can be...IF you know how to use them in the right manner.
Ok, so let's recap what we need to look for when deciding to
participate in Affiliate Programs.
1. YOU WANT programs with
products/services that are IN DEMAND.
2. YOU WANT programs
that pay you MONTHLY COMMISSIONS if you can have the right affiliate
product. Or, at the very least, you want to shop around and find the
products with the best commission rate out there.
3. YOU
WANT an arsenal of programs that link or tie into one another to
give you MULTIPLE INCOME STREAMS.
That is what to look for
in an Affiliate Program. Now, let's cover how to find an affiliate
program for your niche.
The more obvious way to do this is
to go directly to the web site of the merchant who you want to work
with, and see if they offer an affiliate program. If they don't ...
don't worry, we have a few other places to check out. We'll find an
affiliate program for you.
There are three main sites that
you can use, and it just so happened we covered them yesterday in
"Tools of the Niche Trade." To save you having to go back over your
notes, here they are again:
1. Commission Junction www.cj.com
CJ is THE
affiliate program directory for both physical and downloadable
products. They have hundreds of merchants listed within their
directory. They have also joined forces with BeFree, another
affiliate directory. You can sign up for the CJ site, and then on
the CJ home page you will see BFAST.
Sign up for both and
then, once you are in your account, you can link them both so you
get the BEST of both sites. ALL affiliates are listed, as well as
their commission structures. They also provide you with banners, ads
and links that you can weave into your site.
2. Clix Galore
Clix Galore
clixGalore has about 3500 affiliate
merchants listed within their directory. From Mickey Mouse watches
to Health and Nutritional Products, and everything in between.
It also is a no cost directory to join, and like CJ, they
too provide you with marketing materials to incorporate into your
web site.
3. Clickbank ClickBank
ClickBank is yet another
affiliate directory. It is the most popular affilate directory for
downloadable products. Actually they only handle downloadable
affiliate products.
Here you can make anywhere from 10% - 75%
commissions on products or services you sell. Acceptable affiliate
commissions today range from 25% to 55%.
The neat thing
about ClickBank is that their products are listed by popularity. So,
it makes your job a little easier. You can go right for the related
product/service that is making the good sales.
Of course
these directories will help you find the right merchant program to
weave into your site in order to make money, BUT...do your homework!
Find the one that is going to pay you top commissions.
Use
the information you just read and apply it to ALL your niche sites
and you can't go wrong!
This article is an excerpt from my
7-Day Niche Madness eCourse. It costs you nothing to sign
up for it at Best Affiliate Products.
Fred
Farah The Best Affiliate Products and Niche Market Strategies
for Maximum Profits Best Affiliate
Products
About the Author
Fred Farah Long time business man who is willing to share his
expertise at his web site Best
Affiliate Products It's all about affiliate marketing to
niche markets. Lots to learn from the Niche Madness 7-day
eCourse, as well as the Niche Market Strategies
newsletter Brought to you by Free Monthly
Websites
Fred Farah
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