Making Money with Affiliate Marketing
Before I begin speaking about how you can make money with affiliate marketing I wanted to let you know about the contest. Ive gotten a few entries into the contest so Im going to try to put up a leader board every so often to keep you updated about the contest results. If you haven’t entered the contest yet, go here for more details.
Now lets talk about Affiliate Marketing. Here are a few tips to help you out
1) Finding The Right Marketing - There are many ways you can market the offers that you select to promote. You can use Facebook, Myspace, Google Adwords, etc. among many others. The idea is that some promotional methods may be better than others. You could have a really well established email list that you could use or choose between the advertising mediums I’ve mentioned. Its all about picking the right method.
2) Picking The Right Offers - Some people get caught up in CPA but instead pick the offers that you think will work the best or will sell the best based on the target demographic or your email list. You need to pick offers that will sell the best so, for example, if you are advertising on Facebook you have to realize that the biggest demographic is between ages 16-25 and so you would have to pick offers to sell to that demographic so you would pick offers like student loans over offers for better insurance.
3) Dont Be Skeptical/Afraid - The reason why most people dont really take to affiliate marketing that quickly is because theres a financial input required and some people are not ready to take on that risk. There will be a post tomorrow about how you can get some free credits to try out different publishing networks such as Facebook, Adwords, etc. For those of you who want to give it a try or are unsure of how it works and just want to get some hands on experience then experiment with a small amount of money just to get a feel of things. Its sort of like investing your money, you win some and you can lose some but one you know the formula then all you’ll be doing is winning, so dont be afraid to spend a little.
So hopefully this post gives you a little help regarding affiliate marketing. I’ll have a post tomorrow about different coupons for ad publishing networks so that you can get a head start on your affiliate marketing career. Anyway, hope you guys have a good weekend and I’ll post for you tomorrow!
yeah i couldnt agree more, finding the right product to sell for the right market segment is the key. if you have traffic, then its just a matter of swapping around your affiliate products until you find the combination that works.
i’d love to see a list of coupons for the major advertising networks, ive seen a few here and there but it would be nice if you could get them all together
thanks enkay.
Point number three is what stood out for me. A long time ago, someone told me that you have to spend money to make money.
I agree people give up because they get affraid of losing money in the aff marketing world gotta risk a little to make some in aff world
I find finding the right market hardest for me - there are just so many out there. I also think affiliate marketing is one of those patience games - don’t give up and you will succeed
Simon,
Yeah that’s actually the beauty of it as well, finding the right market takes a lot of time and the fact that they are hard to find is what makes the entry barriers much less for newcomers like me (us?)
Or you can do what im doing right now and ive taken to a well known niche that is going to take time and patience for me to break into. It takes some of the time and guesswork out of it but it usually invovles a market with a lot of preexisting players.
Which affiliate network will you recommend?
I have some tough luck with affiliate marketing these days. Too many people are doing the same thing.
You have to be careful on how you actually promote it. I noticed you mentioned Facebook, Myspace as ways to promote your campaigns but that’s actually against ML’s TOS.
Just a heads up…
Jay
Hi,
nice read. Once you delve into the bowls of affiliate marketing sometimes it is not that pretty. It can be very intimidating for a newbie, once you give your email address out for a few free ebooks etc, you find you get bombarded with propositions and all seem great. You then get lost in all the Grey noise out there. This is where time management becomes crucial. My advice, do your research, find one thing that is actually selling and stick with it. Learn as much as you can, once you have a winner, just rinse and repeat. Do not try and re invent the wheel.
Totally agree on this post especially the 3rd point.
Many people simply never invest on their affiliate business even if they’ve made some commissions already.