I’ll be walking through proven online money-making models on this site, which you can focus on while doing your business.
Each of these models works, but you have to work on it better to make it very profitable.
Nothing worthwhile comes without efforts no matter how small, especially when your focus is on building an online business with long-term dependable income.
Here’s a personal mantra, which may also help you: “Success Is About Getting Things DONE”
It seems simple but it’s exceedingly powerful. Stop and think about this, and ‘see’ the real logic and truth behind this phrase.
It can move you forward and propel you to get massive results.
I know this to be true, now it’s your turn to experience it.
Let us look at the model…
Model #1: Affiliate Marketing
Affiliate marketing is still, in my opinion, the number one way for aspiring Internet Entrepreneurs to get started.
Why? Because....
1. There's no inventory expense
2. No hassles with payment processors
3. No extra time spent on processing refunds or returns
4. You still get to practice all the essential marketing skills that will bring success in any other business you pursue
Think of it this way: if you've ever seen a product that made you say, ‘Wow, I know I could make sales if that were mine!’, then affiliate marketing is just the thing for you.
For all intents and purposes, any product you promote as an affiliate is your product.
You take 'ownership' by promoting that product as much as you would if you were the merchant, or copyright holder, or whatever.
The beauty of it is that you reap a significant share of the profit on each sale, with less than half of the hassle.
Two Profitable Affiliate Marketing Models: Pay-Per-Sale and Pay-Per-Lead
The first thing to understand about affiliate marketing is that it is a ‘pay per action’ model.
However, the meaning of ‘action’ is defined in a couple of different ways.
An action can be...
1. The sale of a product
2. The generation of a new lead
So, in other words, affiliates get compensated based on referring either customers or potential customers (leads).
The action that the visitor takes is either to buy something, or to fill out a form providing their contact information (becoming a lead).
Which type of affiliate marketing is easiest? The truth is they're about equal, but pay-per-lead has a slight edge over pay-per-sale.
It is much easier to get a prospect to fill out information, especially if the merchant is offering them some sort of bonus in exchange for that information.
Let's delve into each type of affiliate marketing, you can decide which best fits your goals…
Pay-Per-Sale Affiliate Marketing:
Pay-per-sale marketing is what most people think of when they think of affiliate marketing.
You, the affiliate, are tasked with sending traffic to the merchant in order to help him/her acquire new customers.
Whenever one of the visitors you refer buys a product from that merchant, you are credited with the sale and you receive a commission. This is where your profits come from.
Now, in order to make good money with pay-per-sale marketing, you have to do two things:
1. Be highly selective about the products you promote
2. Be strategic in your marketing efforts
Being Selective...
There are literally thousands of affiliate programs out there.
Each program is unique in terms of how much is paid out per sale, and how much support the merchant gives to its affiliates.
The mistake most beginners make is that they join every affiliate program that looks good to them, without considering whether that program will truly 'fit' with their marketing plan.
The first rule of selection:
Choose your niche first, then seek out a list of products within that niche that you can
promote.
The second rule of selection:
Be choosy about the products themselves. You want products which are high-quality, in demand and priced competitively.
The third rule of selection:
Do a research on your target merchant(s). Here, you'll be sniffing out information on the merchant's reputation in the industry from both a customer standpoint and an affiliate standpoint.
See if you can find reviews or customer experience reports about that merchant.
Also, look to see what other affiliates of that merchant have to say about the affiliate program.
Does the merchant pay on time? Does the merchant provide tools and support?
Final rule of selection:
Crunch the numbers. How high of a commission is the merchant offering, and how well does the product convert?
How many sales in order to reach your target of $100?
Each of these models works, but you have to work on it better to make it very profitable.
Nothing worthwhile comes without efforts no matter how small, especially when your focus is on building an online business with long-term dependable income.
Here’s a personal mantra, which may also help you: “Success Is About Getting Things DONE”
It seems simple but it’s exceedingly powerful. Stop and think about this, and ‘see’ the real logic and truth behind this phrase.
It can move you forward and propel you to get massive results.
I know this to be true, now it’s your turn to experience it.
Let us look at the model…
Model #1: Affiliate Marketing
Affiliate marketing is still, in my opinion, the number one way for aspiring Internet Entrepreneurs to get started.
Why? Because....
1. There's no inventory expense
2. No hassles with payment processors
3. No extra time spent on processing refunds or returns
4. You still get to practice all the essential marketing skills that will bring success in any other business you pursue
Think of it this way: if you've ever seen a product that made you say, ‘Wow, I know I could make sales if that were mine!’, then affiliate marketing is just the thing for you.
For all intents and purposes, any product you promote as an affiliate is your product.
You take 'ownership' by promoting that product as much as you would if you were the merchant, or copyright holder, or whatever.
The beauty of it is that you reap a significant share of the profit on each sale, with less than half of the hassle.
Two Profitable Affiliate Marketing Models: Pay-Per-Sale and Pay-Per-Lead
The first thing to understand about affiliate marketing is that it is a ‘pay per action’ model.
However, the meaning of ‘action’ is defined in a couple of different ways.
An action can be...
1. The sale of a product
2. The generation of a new lead
So, in other words, affiliates get compensated based on referring either customers or potential customers (leads).
The action that the visitor takes is either to buy something, or to fill out a form providing their contact information (becoming a lead).
Which type of affiliate marketing is easiest? The truth is they're about equal, but pay-per-lead has a slight edge over pay-per-sale.
It is much easier to get a prospect to fill out information, especially if the merchant is offering them some sort of bonus in exchange for that information.
Let's delve into each type of affiliate marketing, you can decide which best fits your goals…
Pay-Per-Sale Affiliate Marketing:
Pay-per-sale marketing is what most people think of when they think of affiliate marketing.
You, the affiliate, are tasked with sending traffic to the merchant in order to help him/her acquire new customers.
Whenever one of the visitors you refer buys a product from that merchant, you are credited with the sale and you receive a commission. This is where your profits come from.
Now, in order to make good money with pay-per-sale marketing, you have to do two things:
1. Be highly selective about the products you promote
2. Be strategic in your marketing efforts
Being Selective...
There are literally thousands of affiliate programs out there.
Each program is unique in terms of how much is paid out per sale, and how much support the merchant gives to its affiliates.
The mistake most beginners make is that they join every affiliate program that looks good to them, without considering whether that program will truly 'fit' with their marketing plan.
The first rule of selection:
Choose your niche first, then seek out a list of products within that niche that you can
promote.
The second rule of selection:
Be choosy about the products themselves. You want products which are high-quality, in demand and priced competitively.
The third rule of selection:
Do a research on your target merchant(s). Here, you'll be sniffing out information on the merchant's reputation in the industry from both a customer standpoint and an affiliate standpoint.
See if you can find reviews or customer experience reports about that merchant.
Also, look to see what other affiliates of that merchant have to say about the affiliate program.
Does the merchant pay on time? Does the merchant provide tools and support?
Final rule of selection:
Crunch the numbers. How high of a commission is the merchant offering, and how well does the product convert?
How many sales in order to reach your target of $100?
