My wife and daughter are out of town today so I was going to catch up on my favorite TV shows: Supergirl, Flash, Supernatural, and Legion.
I definitely like superhero shows. I grew up watching Christopher Reeve’s Superman movies and reading comics.
But when I got home, I decided to take a nap …
… and that nap turned into sleeping through the night!
Remember, yesterday I gave you a taste of how internet marketing works. Click here if you missed it to catch up!
I know there is one that will follow your interests and complement your skills.
In reality, the Internet can provide you with countless business and profit possibilities. I will focus on the most proven ones.
They are known to have started thousands of internet businesses around the world and helped local brick and mortar businesses to make a profit from the start.
And today I will begin to examine for you the 3 Internet Marketing (IM) models for you to choose from, starting with affiliate marketing.
This model is about joining forces with an online seller or retailer. I will refer to them as merchants in the rest of this article.
The revenue will be shared by you and the merchant.
How does it work exactly?
Well, revenue is generally generated from visitors who click on your landing page through an ad you posted. Or through purchases from customers who have visited your landing page.
How you are ultimately compensated depends on one of the three types of affiliate marketing you choose to work with:
1. Affiliate Marketing Pay Per Sale – This will allow you to earn income from completed sales through the ads you run.
Merchants will monitor their activity through these sales.
Every time they close deals that originate from your ad, you will receive a percentage of the revenue or a fixed commission, depending on the number of completed sales. An example is ClickBank.com.
2. Pay Per Click Affiliate Marketing – This model involves linking the merchant’s website to their own website. Let’s say the merchant pays for their ad to appear on their page. Every time a visitor clicks on the link that leads to your affiliate merchant’s page, they will earn a fixed amount.
3. Pay for Lead Affiliate Marketing – In this case, you will accept ads posted on your website. When leads originate from ads or links on your website, you will receive compensation.
How are payments made?
Payments are made instantly, weekly, biweekly or monthly. The payments you receive will be determined by the commission rate that your merchant gives to affiliates.
Personally, Dahl Integration Marketing affiliate program prefers to use Click Bank for payments. I have it set up to pay us weekly.
There are several ways to receive your payments:
One is through electronic banking through financial or payment websites.
The money can also be transferred to your personal or business bank account; This can also be done online or through direct bank deposits.
A regular check may be sent to you.
Another popular way to receive payments is through PayPal.
What skills are required to start an affiliate marketing business?
You need to know about pay-per-click advertising, email marketing, and copywriting.
Advantages of affiliate marketing:
1. Generally speaking, you don’t need to spend a lot of cash to get started. Most affiliate programs are free, although they will ask you to apply.
That being said, there are premium affiliate programs where affiliates pay a license fee of $ 1,000 or more.
2. You can earn money while you sleep. Who doesn’t want to earn more cash in the middle of the night?
When this first happened to me, I felt like a huge weight was lifted from my shoulders because income was not always dependent on my time.
3. It is one of the easiest ways to earn income (when compared to creating and marketing your own products) because it shortens time to market.
When you create your own products and services, you are committed to showing that you can sell. This initial testing campaign can cost thousands of dollars to test the feasibility of your offerings.
Rather, you can simply tout a popular product that’s already proven successful and skip all the trial and error and “hard” upfront cash outlay.
Whether you’re in this as a part-time earner or a long-term business, affiliate marketing is still one of the best ways to earn an income without all the typical hassles of running a business.
4. If you are successful, you will always be up to date with what is happening in the world of internet marketing. This is a great opportunity for you to find or create different products and services to include on your website.
5. You will also have the opportunity to work with other affiliate marketers and increase your profits together.
The downsides of affiliate marketing
Although you can make a living from affiliate marketing, there are a couple of downsides to this model that you should be aware of.
Once you have all of this information, you can change plans to help you avoid these potentially costly problems:
1. As an affiliate, you can be the victim of shady deals and in turn, you can be accused of misleading customers.
To make sure this doesn’t happen, you need to select all of your merchants. Check their products and see if their real business is legitimate.
A general rule of thumb is to become a customer of the merchants you plan to work with first. Also, it is always easier to sell a product or service that you believe in, because you are a customer and can speak from your own experience with the product.
You should also read the fine print in the affiliate agreement before finalizing the deal.
2. You will stop winning without notice. This can happen if you don’t communicate regularly with your merchants.
Merchants can stop or discontinue product production without informing their affiliates (and in some cases going out of business), so be sure to stay in contact with your merchants to avoid this issue.
Today, I examined the ins and outs of affiliate marketing, and tomorrow I will examine the opportunity that exists in online shopping malls for you.
Namely, eBay and Amazon.
Stay tuned for tomorrow …
In the meantime, if you want to take the guesswork out of growing your business online, click here for the ultimate shortcut.