A Top-Earning Internet Marketer and Author in New York City, Scott Michael shows you how to earn an incredible income at home (working just 2 hours a week). Learn more about his top recommendation at Darn Rich
There are numerous ways to make money on the Net, but my favorite way is to make money doing nothing. Yes, it's true - you can actually see a steady income just by launching a program and putting it on autopilot while others do the labor for you. Sounds kind of cruel, but these people are getting rewards too - commissions of anywhere from 30-85% on my products (usually at the higher end), and they didn't have to create anything or launch their own site - it's a win-win situation for all. In this section, I'm going to walk you through the process of creating your own affiliate program so that hundreds of salespeople will drive targeted traffic to your site without you having to do anything. Many of your own customers will become affiliates of your product or service. If you prove to them that there's value in it, and obviously the sales letter was convincing enough to convert them into a sale, they'll see the potential for big profits. Won't I Be Losing Money If I Launch an Affiliate Program? If you're balking at the thought of paying other people 50% of the sale, then you don't understand why it's in your best interest to give away half the money in commissions. As an Internet Marketer, your primary goal is money, but your secondary goal is to lighten your workload. On the Net, most things can be automated - so you can relax and have time to spend that overflowing bank account of yours. When you launch a product or service on a site, you'll be working to generate free traffic, which takes some time to achieve with indexing, gaining in the search engine results pages, and obtaining inbound links to your site. You'll start out paying for much of your traffic using banner ads in ezines and on other sites and employing the use of Pay Per Click campaigns where you pay by the keyword or key phrase. With an army of affiliates paying the advertising tab for you, you're saving a pile of money while helping to build your brand and increase the popularity of your site. You don't have to pay salaries to anyone - the money your affiliates make comes strictly from commissions on confirmed sales. I like to save the contact information from all of my affiliates' sales in a separate list and as I market backend products to them over the following months and years, I realize that the lifetime value of these repeat buyers far exceeds what I had to pay for the one-time commission.
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Thursday, May 15, 2008
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