There are a lot of ways to make money working online. Affiliate marketing, survey participation, free lancing and many others, in this article we will talk specifically about affiliate marketing, it is one of the easiest way to make money working online. It does not require a specific skill set, anyone can do it.
What is Affiliate Marketing?
Affiliate marketing refers to the action of introducing a product to our friends and people around us. When they buy the product, we get a commission of the full product price, paid by the product owner. In cash. It’s that simple. With the internet, we can promote to a lot of people, more than just our friends, co-workers and family. People who share the same interest, blog visitor or we can pay to put an online advertisements. The method and market are endless. Affiliate marketing is a great way to make money working online.
Can I refer any product? Where can I get an affiliate program?
Not every product gives a commission on every sale, you can try visiting your favorite online store and check if they have an affiliate program listed on their navigation menu. Naturally if they don’t have an affiliate program then when you promote their product you won’t get a commission from the sale. Remember our goal is to make money working online. Therefore, we will not be promoting something for free.
How do I make money with affiliate marketing?
There are three basic steps to start affiliate marketing:
1. Find a product
This is the first step in affiliate marketing. You can pretty much sell anything on the internet, however, choose one category that you like the best, for example if you like sport, then you can start looking for sport related product to promote. Go find a sport equipment website that offers affiliate program and promote the product using your knowledge of sport. If your favorite sport is basketball, then promote the basketball uniform, balls, memorabilia and other items related to the sport.
2. Promote the product
The next step in affiliate marketing is promoting the product. You can start by utilizing free classifieds website or if you have some money try Google AdWords or Facebook Ads. They can be customized according to your budget. Another way is by building a blog, it takes time to start a blog and getting a lot of followers, but once you get enough followers, the results are amazing.
3. Get paid
The final part of affiliate marketing and the fun part of course, once you achieve the threshold for payment, you can request payment to you. Most transaction are done through PayPal or AlertPay, so an account with them is always good. If you live in the same country as the product owner, then you can generally request payment by cheque or direct transfer to your bank account. Enjoy the reward! You have achieved your goal to make money working online.
And three things to watch out for in your affiliate marketing campaign:
1. Monitoring the promotion effort
Always monitor the promotion effort so you know which promotion method is working and which ones are not. Duplicate the ones that work and improve the ones that doesn’t perform.
2. Monitoring the sale and commission fee
Once sales start to grow, do monitor the sales to see if you are cheated by the product owner or your sales link are hijacked. Yes, it does happen and it’s best to prepare than be sorry, also be on the lookout for better commission fee since the effort is relatively the same, why not go for the bigger reward? Be greedy, you want to make money working online and bigger commission always helps.
3. Monitoring the commission payment
Payment takes time to arrive, even with direct transfer. Always take the time to check your bank account to see if the money has indeed arrived. The money is our goal after all, and we want to make sure our hard work are well rewarded.
On a final note, despite tons of success stories out there, there is no such thing as a free lunch, affiliate marketing do require hard work on our part. We have to spread the word of the product to a massive amount of audience. Believe me it’s not as easy as it looks. It really takes a lot of work to start the ball rolling. But once you got it rolling, it gets a lot easier to make money working online.
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