| |
Making extra money online
By Dina Fedorova
There are some really great ways to make some good money online and it isn't just a dream. You will have to design a web page that will draw a steady and growing stream of highly targeted traffic. Once you have accomplished this goal it is now time to offer products and/or services to your avid consumers. They are paying close attention to your site and now they want more. The first challenge you will face will be converting your visitors into buyers.
This is the focus no matter if they are buying a product directly from you or an affiliate product. People always visit sites and are looking for something free. To help persuade your visitors to consider buying anything you will have to make advertising like the content that attracted them to the site in the first place. Two of the best ways to turn your traffic to cash with out having to develop or promote a product of your own are attracting paid advertising and affiliate products.
Attract paid advertising can be used with great success when your site is getting a lot of visitors interested in a specific topic. You will be able to sell ad space to businesses that have related products. The business will pay you a specified amount to be linked on your site. To make any real good money you would have to have many advertisers and many web pages. Many of the old advertising schemes don't generate the high business they used to and so the fee is much smaller now than it was in the past. If you are not interested in having to search out advertisers that would possibly be interested in your market.
Then go Google. Google's AdSense program is a great market place. It evaluates the content on your site and serves ads it thinks will be of interest to your readers. When someone clicks on the ad Google gets a fee from the company and then pays you a portion of it. This is an easy hands free moneymaker. This will definitely give you some cash from your site traffic. Ad brokering companies offer similar services. Companies like Real Media and Burst Media are popular companies who offer these services. Make sure to look at the terms and conditions of any company because they all are different.
Promoting affiliate products is a fabulous way to make good money on line and very easy to set up. This is basically a no-risk partnership between you and the product producer. You will want to find a product that is related to what your site content is about. You will promote this product on your site and every time one of your visitors buys the product you will a percentage of the sale. When you sign up for the affiliate program you are issued a special affiliate URL that tracks the visitors you send to the company's web page. If sales are generated from the people sent on your URL code then you get paid.
However, like all businesses, there are lots of pitfalls in the affiliate marketing business. Committing some of the most common mistakes will cost the marketers a large portion taken from the profit they are making everyday. That is why it is better to avoid them than be regretful in the end.
Mistake number 1: Choosing the wrong affiliate.
Many people want to earn from affiliate marketing as fast as possible. In their rush to be part of one, they tend to choose a bandwagon product. This is the kind of products that the program thinks is "hot". They choose the product that is in demand without actually considering if the product appeals to them. This is not a very wise move obviously.
Instead of jumping on the bandwagon, try top choose a product in which you are truly interested in. For any endeavor to succeed, you should take some time to plan and figure out your actions.
Pick a product that appeals to you. Then do some research about that product to see if they are in demand. Promoting a product you are more passionate about is easier than promoting one for the sake of the earnings only.
Mistake number 2: Joining too many affiliate programs.
Since affiliate programs are very easy to join, you might be tempted to join multiples of affiliate programs to try and maximize the earnings you will be getting. Besides you may think that there is nothing wrong and nothing to lose by being part of many affiliate programs.
True, that is a great way to have multiple sources of income. However, joining multiple programs and attempting to promote them all at the same time will prevent you from concentrating on each one of them.
The result? The maximum potential of your affiliate program is not realized and the income generated will not exactly be as huge as you were thinking initially it would. The best way to get excellent result is by joining just one program that pays a 40% commission at least. Then give it your best effort by promoting your products enthusiastically. As soon as you see that it is already making a reasonable profit, then maybe you can now join another affiliate program.
The technique is to do it slowly but surely. There is really no need to rush into things, especially with affiliate marketing. With the way things are going, the future is looking real bright and it seems affiliate marketing will be staying for a long time too.
Mistake number 3: Not buying the product or using the service.
As an affiliate, you main purpose is to effectively and convincingly promote a product or service and to find customers. For you to achieve this purpose, you must be able to relay to the customers that certain product and service. It is therefore difficult for you to do this when you yourself have not tried these things out. Thus, you will fail to promote and recommend them convincingly. You will also fail to create a desire in your customers to avail any of what you are offering.
Try the product or service personally first before you sign up as an affiliate to see if it is really delivering what it promises. If you have done so, then you are one of the credible and living testaments aware of its advantages and disadvantages. Your customers will then feel the sincerity and truthfulness in you and this will trigger them to try them out for themselves.
Many affiliate marketers makes these mistakes and are paying dearly for their actions. To not fall into the same situation they have been in, try to do everything to avoid making the same mistakes.
Time is the key. Take the time to analyze your marketing strategy and check if youa re in the right track. If done properly, you will be able to maximize your affiliate marketing program and earn higher profits.
About the Author
Author: Dina Fedorova, finding a Home Business that's Right for You, has a passion to help ordinary people start and run their Own Home Based Business.
Visit my site and download "Dotcomology:The Science of Making Money online". Absolutely Free at: http://www.Net-Plus-Profit.com
3 Easy Steps To Make Money Online: http://www.Net-Plus-Profit.com/pips.html
Article Source: http://www.simplysearch4it.com/article/28754.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/28754.html" as shown above and make it hyperlinked. |
| Some other articles by Dina Fedorova | |
| |
|
|
|
