Everyone, at some point in time or another, finds themselves putting in hours at their nine-to-five when they come to the conclusion that they are never going to get ahead financially or with their life goals if they keep doing what they are doing.
It has been said that doing the same thing over and over again and expecting different results is the very definition of insanity.
You have to take charge and do something different. Maybe its time to take a few risks for a much greater reward. Two ways that you can make that happen are going into business for yourself online through list building and affiliate marketing.
The first step towards those changes of course is what list building and affiliate marketing actually are, and then starting the process of making them generate income for you..
What is List Building?
In short, list building is all about adding new subscribers to a mass mailing list. You acquire these email addresses by exchanging information, a special offer, or a free gift with people browsing online.
This is accomplished via your website, or offline using manual or automated data collection methods. How fast you build that list is largely dependent upon what strategies you employ to get those email addresses.
How Does List Building Earn You Money?
List building is all about access to consumer information. The more people on the your list, the greater potential for sales lead generation you currently possess.
You can message your subscribers at any time on any relevant topic, such as advertisements for special offers, fresh content they have expressed interest in, and of course the ever-important relationship building that is necessary to help any online business grow.
The money part comes in when you start applying your affiliate marketing plan to your established mailing list. More on that later.
How Long Does List Building Take?
It never stops. You must maintain an ongoing process of adding subscribers because there will always be new customers interested in your products and services. You also have to keep turnover in mind, because after a while some existing subscribers are going to unsubscribe. Also, the bigger your list, the greater the sales potential.
Tips for List Building
-Make sure you are adding people in your target market who have expressed interest in what you have to offer on your site. Adding subscribers who arent interested in what you have for sale are not buyers.
-Always make subscription voluntary. Adding people without permission gets your messages marked as spam, and people will be less likely to respond to your marketing attempts.
-Learn to market to your subscribers as you build the list. Adding subscribers is easy, making sales without focusing on what your potential customers want most is not.
Now that we have a thorough understanding of lis building, lets talk about how your list is going to be your primary means of generating sales from affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is, quite possibly, the most lucrative way to earn money online without a brick and mortar location.
The process is simple: you advertise or promote products and services on your site or blog, and when that promotion or advertisement brings in a sale via customers click on the link on your site and making a purchase, you get paid a commission. It can be as little as $1 to as much as $10,000 depending on the product you are offering for your affiliate partner site.
Whats the Process for Affiliate Marketing?
Typically, an affiliate marketing sale looks something like this:
1. A consumer shopping online decides to buy a specific item.
2, In searching for this item, they end up on an affiliate site.
3. The affiliate site has product descriptions and reviews that link to a merchant site.
4. The buyer clicks the link and purchases the promoted product on the merchant site. The merchant then pays the affiliate a commission for their part in the buying process.
What Kind of Products Can Be Promoted via Affiliate Marketing?
Heres the great part about affiliate marketing: what types of products and services do you want to sell? Numerous online companies offer everything from shoes and accessories to web-hosting services, and just about all of them offer some form of affiliate marketing.
The important thing to remember when signing up as an affiliate marketer for online products is that you carefully read over the Terms of Service agreement, as it is the primary basis for how you get paid.
For example, many merchant sites offer a 60-day cookie period. This means that if someone visits your site, clicks the affiliate link to the merchants site, and makes a purchase within 60 days, you will receive a commission for that purchase.
Is Affiliate Marketing Unethical or Illegal?
Absolutely not. Affiliate marketing is simply using an affiliate link on your site to sell promoted products or services instead of merchants doing direct marketing themselves. There is absolutely nothing unethical or illegal about it.
Can I Use Both AdSense and Affiliate Marketing on My Site?
Yes, you can take advantage of both services since affiliate marketing does not violate the Adsense terms of service. Many online entrepreneurs and bloggers also find that affiliate marketing tends to function better and earn more than AdSense, so it is in no way a bad option to try to leverage both for maximum income from your site.
How do I find and Affiliate Program?
Naturally, not every company online offers an affiliate program, but those who do usually post their information on their website under their FAQ page.
Be sure to check there first when you are looking for an affiliate marketing opportunity.
You can also just run a simple google search with the name of the product you are interested in promoting and adding + affiliate program.
More than likely, running this search will bring you to a landing page of an affiliate marketplace such as ShareASale, CJ, or Clickbank. All three services are free to use, and you can create a free account.
How Should I Select Products to Promote?
Using the marketplaces listed above should get you started, but you can always keep a weather eye on other blogs and websites that share your particular market niche and see what products are earning the most for affiliates.
What is the Average Cost for Joining an Affiliate Program?
There is no fee or subscription cost for an affiliate marketing program itself, but your cost of doing business in this way will depend on a number of factors based on your promotional techniques. Blog posts cost nothing, but PPC marketing, email list marketing, and advertising all come at specified flat rate or variable costs.
What is the Income Cap on Affiliate Marketing?
This is the best part: there isnt one. Your income is solely dependent on how much you are willing to invest in promotion and how well you are able to deliver conversions. Some people start at as little as $50 a month, but with hard work and smart promoting many affiliates earn as much as $4,000 to $5,000 monthly by promoting products and services they use all the time.
Conclusion: What are You Waiting For?
It is clear from this brief explanation that the opportunity to earn online is open to anyone with an internet connection and a basic understanding of marketing and promotion.
The only question that remains is this:
What are you waiting for?
Make the decision today to start earning additional money or change careers by starting your own list building and affiliate marketing.
This isnt a change you need to initiate all at once. You dont need to quit your job now and hope for the best. All of the work you need to do can be done from any computer at home in your spare time with good time management skills and the skillful application of forethought and planning for your marketing and promotional strategy.
Choose to take control of your income and your career and start giving yourself more choices for what you do with your life. Work from home, and never have to worry about making ends meet again. Sounds like an excellent business decision to me.