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| Earning Money from Affiliate Programs
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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 2024 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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