Before actually committing some money into this

4 replies
Hi everyone!

Okay so I have been lurking in the forums and on the internet for about a week worth of this stuff. Clearly only starting out. I would like to put out here the main gaps in my knowledge of how the basics of this stuff works, and ask the people more knowledgeable on how to proceed? Any actual answers I'm really grateful for .

I'd like to start something. I do have a thing in mind, where I could contribute some value out there, that would be worth someone's interest. Please tell me where / if I am wrong here, I am particularly interested in how EXACTLY does the pay-day for me take place. My thought process of starting out is this:

- I go and research myself a nice little area that I already know about, a "niche".
- I buy myself a domain name in the field of that little niche.
- I buy hosting for that website.
- I start putting content and advertise my shit through different free ways.
- I get traffic consisting of people that are interested in the stuff that I put out.

EITHER

- I Sign up for an affiliate network (amazon, cj?) where I promote some other organisations / persons product that is ON THE INTERNET and is actually worth some money for them. And when the traffic of my site clicks on the advertisement I get paid?

- AND I go on clickbank and search for affiliates for that niche that have some products out? Then I contact them via e-mail and how does this continue here? How do I get a pay-day from them?

OR

I myself actually produce something that is worth money (an ebook, music, art, videos, porn?), and have people paying me on that via paypal.

A scenario, what happens here?
A person from my site clicks on an advertisement that I have and it leads to a product that is worth 15€ and buys that product, how much do I get out of that? Or does it only matter if the person clicks on the advertisement and nothing else?


tl:dr: A lot of questions and a lot of value leeching, but if someone wants to straighten these out a little bit that's cool.
#committing #money
  • Profile picture of the author nooman ahmed
    i think you have got the main idea here. What you want to be essentially doing is building a list of targeted leads for your niche. And yes you should build a site that is a blog which you will build a relationship with your prospects. On that blog you MUST have an opt in form with a free offer so they join your email list. Now you can market to them forever!

    Hope that helps.
    {{ DiscussionBoard.errors[9594292].message }}
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by heksmediocre View Post

    EITHER

    - I Sign up for an affiliate network (amazon, cj?) where I promote some other organisations / persons product that is ON THE INTERNET and is actually worth some money for them. And when the traffic of my site clicks on the advertisement I get paid?
    No, you're confusing two different business models, here. With "affiliate marketing", you get paid only when people buy, not when they click. (But it doesn't really work that way, very much: the people who click on links on your site and actually buy things are people with whom you're also in touch by email, because they subscribed to the list that you need to build, exactly as Naazim explains above .)

    Being paid something (usually pennies) when people click on an ad on your site is the "AdSense model". Very different. If you try that, you need a different sort of website which encourages people to click and leave. For almost any other payment model, you naturally want your traffic to stay, not to leave. So this "AdSense model" conflicts with anything else, in site-design (and in other) terms.

    Originally Posted by heksmediocre View Post

    - AND I go on clickbank and search for affiliates for that niche that have some products out? Then I contact them via e-mail and how does this continue here? How do I get a pay-day from them?
    You'd need a niche site, for that ... the idea is that you have a traffic-generation plan to attract (non-search-engine) traffic to a "niche site" from which you collect the visitors' email addresses and then promote ClickBank products to them mostly by email (you can have them on your site, too, but that makes you look "just like another marketer" and may not help you to sell them). Then you provide valuable content about the niche by email, and earn your subscribers' trust and respect so that when you later recommend a ClickBank product or two, some people will rely on your recommendation and buy them. When they buy them by arriving at the sales page after clicking your affiliate-link, you earn a commission. Sometimes a big commission.

    This one post gives an overview of it: http://www.warriorforum.com/main-int...ml#post7110523

    And this post gives an overview of what you'd need to learn to do for the "email marketing" part (and you wouldn't be selling many affiliate products without the email marketing part): http://www.warriorforum.com/main-int...ml#post6123982

    Originally Posted by heksmediocre View Post

    OR

    I myself actually produce something that is worth money (an ebook, music, art, videos, porn?), and have people paying me on that via paypal.
    If you want.

    Rather you than I.

    I think you're much better off being an affiliate. The average "beginning marketer" has a far higher chance that way. Here are just ten of my reasons for saying this.

    Originally Posted by heksmediocre View Post

    A person from my site clicks on an advertisement that I have and it leads to a product that is worth 15€ and buys that product, how much do I get out of that?
    That very rarely happens.

    If they click a link in an email you've sent them, it happens all the time, and you typically get something between about €7 and €11 out of that €15 if it was via ClickBank. More interestingly, some ClickBank products cost $97 and you get up to $67 commission when you sell those (but - again - don't expect to sell them just by visitors clicking on a link on your website: that isn't how it works).

    Originally Posted by heksmediocre View Post

    Or does it only matter if the person clicks on the advertisement and nothing else?
    You don't earn that way unless you're using "AdSense" or an equivalent. (Which I wouldn't bother with, myself. Just my perspective).

    .
    {{ DiscussionBoard.errors[9594350].message }}
  • Profile picture of the author dariusdarius
    I believe the best way would be to start building your own product, if you have a particular interest and you are better at something. But this would be a long term investment, in yourself and in your business.You took the first step and started asking around. This is good.
    As you may know, a person that asks a question is considered a newbie for 10 minutes, but if you never ask, you will be a newbie forever.

    You should sit and do some brainstorming. What makes you happy? Could it make others happy 2? Can you help people in a particular niche and provide with the answers they seek? Are you better at sending traffic? What is your strong point here in internet?

    Darius Vaduva
    {{ DiscussionBoard.errors[9594386].message }}
  • Profile picture of the author Chris-
    Your basic ideas are good. Amazon is a great affiliate program . . . I make money every month from them on sites I set up years ago (with occasional updating). With Amazon, if someone clicks on an affiliate link of yours (you can create them in Amazon) you get a percentage if they buy, from 4% to about 8%.

    Amazon can work really well with doing honest product reports . . . summarize what real customers have said about the products. Then also add other pages such as how to choose the best product, and what products you need for a particular hobby or task etc.

    You can combine all your ideas . . . use Amazon AND ClickBank, AND your own products, and see which works best for you at this stage. Selling your own products is typically more challenging than selling affiliate products, one reason being that a company like Amazon has a LOT of experience and are VERY good at selling and have a great reputation etc. all of which make people more likely to buy.

    So, yes, choose a niche with a decent range of products (products more than $100, products with lots of customer reviews on Amazon, products which are not available in a local WalMart) get your domain and hosting, write the best content you can, do SEO (both on-page and off-page) and you will make some money, then keep learning and improving!

    Chris
    {{ DiscussionBoard.errors[9594398].message }}

Trending Topics