Perhaps you have heard the saying, ‘Start with the market, not the product.’ This phrase implies that you must not produce a product first without ensuring that there’ll be clients that will purchase it. You are looking to start an online business to earn money, right? When you make a product without ever knowing if someone will purchase it, then that’s a very costly mistake.
Luckily, you can find a way to begin your business without worrying this risk. No need to spend money on making and developing a product. No need also to spend time in carrying out market testing or research to determine if the particular product works. On this method, the items are verified sellers. You are dealing with thousands of niches. There is certainly one which suits your needs and interests.
This is what we called affiliate marketing. In fact around 80% of brands make use of affiliate marketing to market their products and services. Perhaps you have been in this kind of online business, although you may not realize it – in the client side, anyway. Let us look at ways to make money online using affiliate marketing.
On simple terms, this is the way affiliate marketing works. Being an online marketer, you need to have your own online presence: your internet site, blog site, social websites, squeeze pages, sales pages, banner ad campaigns, as well as e-commerce website. However, rather than promoting your own products and services, you market and offer the goods of other firms. You feature the items in your site or sales page. You promote these products and work to create sales. Whenever your potential customer is about to order, they click on the button (or link) then they will be brought to your affiliate partner’s website to finish the purchase.
The clients that you send to them to purchase the items are monitored applying unique codes in the order links in your site. You receive credit for each purchase. You don’t have to worry, it’s not complex. This is just an easy cut-and-paste
In making a sale, you will receive a percentage or what we called a commission. You can get a percentage of around 5% to 25%, depending on the firm. It might not seem a lot, but even 5% can be very big if you create hundreds of sales.
You won’t spend your money and time in developing a product which may not work.
You don’t need to keep the items you promote or deliver them.
You don’t need to bother about customer support or returned items – the affiliate partner is responsible for that.
There’s one thing to remember when you’re an affiliate marketer. Simply because you’re advertising other people’s products and services doesn’t suggest that you could go cheap in the marketing. You should consider the marketing equally important as any other business.
This method requires a multi-channel process accompanied by a constant marketing message throughout any channels. Use your blog, pay-per-click ad campaigns which connect to lead capture pages and sales page, sell to your e-mail listing, give reviews in community forums as well as on Facebook pages, work with social media marketing to create followers and have your message spread throughout – perhaps even making it viral, market using online video – let the creativity flow in the way you market such affiliate products. Make sure to do all your marketing efforts in order to reach your particular target market.
Always use quality copy to advertise those items. You need to paint a powerful image which exhibits how your products or services can change the lives of your potential customers. You need to visibly display the important features and advantages. Putting it simply, provide the potential customers good reasons to purchase your products and services and not from others.
A great strategy to make money online using affiliate marketing would be to make reviews. You present a number of different products of a similar kind in your site. To illustrate, you can have your views and technical specs in a number of different varieties of Wireless Bluetooth speakers. You can give your own assessment and include the benefits and drawbacks of every product. You then add a link for each one if they want to buy that specific speaker. The secret is, no matter which speaker your potential customer decides and purchases, you will be making a commission.
In affiliate marketing, the company already have marketing materials all set, so you don’t have to do it alone. These include proven squeeze pages, sales e-mails, banner ad campaigns, as well as other forms of copy that can be used in your own advertising efforts.