Trying to get a foothold in Affiliate Marketing now I've bagged my first few sales by Bumming it. I now realise that it's possible (sounds stupid but you kinda got to prove it to yourself first).
So I'm not just in it for a laugh and because I like the look of the internet. I'd like to make an income to supplement and hopefully replace my own. Earn more, work less (if it's possible).
Last night I stayed up late to put together a plan so that I don't just write articles randomly for random niches in the hope of getting somewhere.
Just 'putting it out there' to see if others do something similar, have tips or if it helps others... who knows until I hit the 'post button'. Enough rambling, let's get on with it...
1. Get $500 slush fund money from Bum Marketing to build experience and test different niche & make my attempts 'free' (except for time)
2. Set up freebie blog & get organic traffic to it for a niche (affiliate income)
3. Build my own affiliate websites on the niches that prove successful
4. Create my own product & get it live
As I near the end of each goal it will develop (ie. create a complementary suite of products, one time offers & back end type stuff).
1 & 2 in one month
3 & 4 by Christmas
How do I achieve this?
1. At the moment I know I can get an average of 140 views in one month with an article and a CTR of 22%. That's 31 views of my blog/lander. I have roughly a 23% CTR to the affiliate site which is only 7 people. This is where my numbers are a little weaker and hard to accurately work out.
So if a product converts 1:30 hops and the affiliate pays $15 I need 34 sales to hit $500. I need 4.2 articles to generate sufficient hops for one sale which makes 142 articles to generate $500 dollars. Thats roughly 5.5 articles a day if I take Sunday off. These stats suck, I need to get better conversions! : ) In my defence my figures are newish so not entirely large enough to make statistically sound but it highlights a problem!!
2. Goal of 1 month to rank on page 1 of Google for half decent keywords in niche with a view to getting 200 a day. Careful & basic use of SEO for the blog, back links from web 2.0 stuff, forums etc (think 30DC strategy).
3. Dependent on the results of no.1 as to what is and isn't working however I will use methods described by Chris Surfrider (because it makes sense to me)
4. I have a product in mind from a past-time of mine but I need to make sure the demand is there first. I made the classic mistake of creating the product several months ago because "I thought there was demand" but now I know I need to do some research and restructure it to make sure it sells.
I will do this by checking out keyword search volumes as they indicate interest and also various forums, websites & the online competition to make sure I 'target the right solutions'.
Ok your turn!! This is a bit random but does get you thinking about really making this a business.
Feedback or thoughts & comments always welcome
PS. I know I should roll with a website from day 1 but I'm very stubborn & want to hit that $500 mark first.