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Earning Money From Affiliate Programs
by Richard Grady
Affiliate programs allow you to refer visitors/subscribers/customers to
someone else's website and if your referrals purchase anything, you get a
commission. For digital products, this can be as much as 75% of the
purchase cost!
Used correctly, affiliate programs can be extremely lucrative. Used
incorrectly, they will earn you absolutely nothing. I should also add that
you don't even need a website to promote affiliate products so they are
incredibly flexible. The following tips will help you to use affiliate
programs wisely and hopefully, in a way that earns you some money :-)
If you plan on placing affiliate links on your website (or in your
newsletter), you should only link to products that are relevant to your
own content. It is a complete waste of time linking to irrelvant products
just because they pay a high affiliate commission.
Always try and review the products that you link to before making any sort
of recommendation - if the product sucks then this will reflect on you.
Don't expect each affiliate link to earn you a fortune within a few weeks.
Some affiliate programs won't make you any money at all and it is just a
case of testing to see which ones work and which ones don't. Instead of
taking the view that you want one program to earn you a thousand dollars a
month, aim a little lower - maybe $50 or $100 - but work with several
programs. To illustrate this point, I promote a number of affiliate
programs and each one earns me between $150 and $1000 a month. Most of the
commission payments I receive are for less than $300 a month BUT I receive
lots of them. Last month, these 'small' amount added up to over $3,000!!
The beauty of affiliate programs is that you don't have to deal with
customer enquiries, payment collection, delivery, complaints or any of the
administration tasks that go with selling a product - the product owner
does all of this for you. Your role is simply to direct traffic to the
appropriate site (sure, this is not always an easy thing to do but it does
mean that this is the only thing you need to concentrate on).
Ok, so what if you don't have a website?
No problem! There are numerous ways of advertising your chosen affiliate
program without the need for a website or newsletter. For example, it is
quite common to set up a pay-per-click advertising campaign with a company
such as Google Adwords which links directly through your affiliate link to
the main product website. The visitors never even pass through your
website and as long as you are earning more in affiliate commissions than
you are spending in PPC fees, then this really is money for nothing.
From a personal point of view, I have been using affiliate programs to
earn money for some time now and I have recently built several small
websites specifically to promote affiliate products of one sort or
another. I am not looking for these sites to make me huge profits - just a
couple of hundred dollars a month each. But remember, this is a couple of
hundred dollars EVERY month for doing NOTHING (once the initial site is
set up).
There are so many advantages to promoting affiliate products, not least
the fact that you don't need to create your own product in the first place
and there are considerable financial rewards if you get it right.
Copyright 2005 Richard Grady
About the Author: Richard Grady has been helping ordinary people
earn online since 1998. He writes a free newsletter which is published
every two weeks. To subscribe (and claim your free gifts), visit:
http://www.thetraderonline.com/newsletter.html.
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