21 Day Blogging Challenge with David Wood. (Day 16)
As you all know, at least I hope, David Wood, the Co-founder of the Empower Network blogging platform, which I am also an affiliate, launched us an interesting challenge that consists of blogging non-stop during 21 days in a row.
This challenge officially began December 29, 2014 and ends on 21 January.
I chose to take part to the challenge for reasons I explain here. Thus, during this period, I will be publishing a new article on my blog whose sole purpose is to bring you value.
If you answered “yes” to this question, then I invite you to continue reading this article because you will discover that it is entirely possible to earn money online by working only a few hours from home.
You will also see what concept you can use to earn your first euro with internet without necessarily having money to invest or your own products to sell.
How can you make money on the Internet?
Indeed, with the many economic crises that the entire planet has been going through for some years now, more and more people are turning to the internet in order to seek solutions or opportunities that could help them earn some extra money on the internet.
They are many reasons that push people to take this alternative:
- Some people already have a stable work but seek to supplement their income because their salary does not allow them to pay all the charges that they face.
- Others do not have a job at all and want to benefit from the many opportunities available on the internet.
- Others, tired or disappointed by their employment, want to gain a full financial and professional independence, therefore, they turn to the internet to start their own business.
Whatever the situation you may be going through right now, the Internet now offers everyone the possibility to earn an additional income just by doing what passionate them.
This was simply not possible just a few years ago.
Yes but, starting his own business, even on the internet can be very expensive.
In addition to possess all the knowledge and skills required to start, sometimes it takes time and a lot of hard work before hoping touching any gain.
So how do you make money online when you do not have capital, no technical knowledge, no partner to help you, not enough time to devote to your business, no product to sell and no services to propose?
With all these constraints, you must probably tell yourself that the internet is not for you, isn’t?
If you really want to make money online and you have no money to invest in the business of your dreams or if you don’t have nothing to sell, there is still a solution that can help you get started online without necessarily having to invest a lot of money.
This solution is Affiliate Marketing.
So what is Affiliate Marketing?
You have certainly heard of affiliate marketing before, but just to enlighten you a bit more about this subject, here below is an excerpt that I took for you on Wikipedia:
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.
The industry has four core players: the merchant (also known as ‘retailer’ or ‘brand’), the network (that contains offers for the affiliate to choose from and also takes care of the payments), the publisher (also known as ‘the affiliate’), and the customer.
The market has grown in complexity, resulting in the emergence of a secondary tier of players, including affiliate management agencies, super-affiliates and specialized third party vendors.
Affiliate marketing overlaps with other Internet marketing methods to some degree, because affiliates often use regular advertising methods. Those methods include organic search engine optimization (SEO), paid search engine marketing (PPC – Pay Per Click), e-mail marketing, content marketing and in some sense display advertising.
On the other hand, affiliates sometimes use less orthodox techniques, such as publishing reviews of products or services offered by a partner.
Are you starting to understand how this concept works and its potential for your business?
Specifically, Affiliate Marketing is a partnership between a merchant who has products or services to sell, like Amazon for example, and one or more affiliates, that is to say you and me, who will be responsible for relaying products of the merchant to their own customers.
The merchant provides his affiliates a catalog of products or services and a whole set of marketing tools so that they can promote the said products or services ( member’s area on its website , marketing videos, banners , lead capture pages, unique affiliate links to each affiliate , advice and training to attract traffic etc.)
How much can you expect to make from Affiliate Marketing?
For more details regarding this question, you can see this book Make a Fortune Promoting Other People’s Stuff Online to get an idea on how some people can make from Affiliate Marketing.
At each sale an affiliate realizes after a user has clicked on their affiliate link, the sale is automatically assigned to him and the merchant pays a commission according to an amount or a percentage often known in advance.
This can range from 4% of the sale price for physical products, up to 75% for electronic products.
You can sell e-books or software that cost $5 as well as a Plasma TV or jewelry costing $3000 and touch juicy commissions.
With hard work and a good marketing strategy, you can really make a lot of money through this concept.
If some people do not earn a penny for various reasons, and still others can barely earn a few dollars a month, there are affiliates who earn hundreds of thousands of dollars a year through affiliation.
This concept is based on four key elements that are as follow:
- The publisher, that is to say, the affiliate
- The advertiser, that is to say, the merchant
- The affiliate platform, that is to say, the intermediary who will recruit affiliates for the merchant
- And finally the consumer, that is to say, the end customer.
How to join an affiliate marketing program?
So by now you understand that the concept of Affiliate Marketing consists of selling physical or electronic products of others.
To do this, all you need is to join an affiliate program (there are thousands on the internet from all niches) and a website or a blog in order to promote the products you want to offer to your customers.
Once your banners and links are in place, your mission is to attract visitors (potential customers) to your offers.
You can use paid advertising to get traffic if you can afford it.
Otherwise, if you do not have money, you can go after free traffic from the search engines such as Google or Bing.
This takes time and requires some basic skills on SEO or copywriting.
There are many ways and effective marketing strategies to promote your affiliate links.
You can also do video marketing, products review, SEO, or use social media and forums.
It’s really up to you to see what works for you or not.
As I indicate above, this concept is really the solution that can help you quickly make money on the internet because it does not require you to invest money to start.
If you already have a blog or a website, most of the affiliate networks such as Amazon Associates, Clickbank, Commissions Junction, or Jvzoo, will open the doors of their programs for you at no cost at all.
To join them, it’s simple. Depending on your niche or the products you want to promote, do a search on the internet by associating your keyword with the term “affiliate”.
Once you have found a merchant which offers products or services you want to promote, apply to the program via the form that the site puts at your disposal.
Generally they accept you very quickly.
I personally work with some of these Affiliate Marketing Platforms and I would recommend you to do the same too if you want to make money selling products that you don’t own and make a good commission on the process.
So, are you ready to get started in Affiliate Marketing?
Leave me your comments and if you liked this article, please share it with your friends.
To your success