When I first decided to start my own company and was looking into the different ways to make money online, I was shocked by the number of scams, so-called “gurus” and get-rich-quick schemes that were out there. I kept coming across company after company, website after website, promising to help me make millions online overnight. These “get-rich-quick” schemes were a huge turn off and made me think there was actually no legitimate way to make money online other than becoming a part of these schemes. It got so bad that I almost gave up and resigned myself to the fact that I’d never be able to start my own business and I’d spend my life working as a long-haul truck driver the rest of my life. If you want to read my full success story you can do so here.
It can be published as a book, and other people have already suggested what to include into ‘part 2’. As someone who has been asked by other people wanting to promote my products/serviced, I’d love to read about the merchant’s side of AM, e.g. various software that can be used, how to choose affiliate partners, what to include in the agreement, etc.
Let’s say you have a promotions page where you’re promoting a product via affiliate links. If you currently get 5,000 visits/month at a 2% conversion rate, you have 100 referrals. To get to 200 referrals, you can either focus on getting 5,000 more visitors, or simply increasing the conversion rate to 4%. Which sounds easier? Instead of spending months on blogging, SEO, and social media marketing to get more traffic, you just have to increase the conversion rate by 2%. This can include landing page optimization, testing your calls-to-action, and having a conversion rate optimization strategy in place. By testing and optimizing your site, you’ll get far better results with much less effort.
It is a very good idea to use different product promotion strategies so you can figure out what is working and what is not. Try to do split testing and measure the performance of each campaign then take actions accordingly. Changing a few things here and there can increase your profit dramatically. Make sure to place the banner ads on different areas of your site’s pages. Some positions will make the ads more noticeable than others.
Creating blog content is a very useful and effective way of consistently building content on a site. When creating blog posts, it's a good idea to do some keyword research to figure out what it is that your audience is interested in and searching for online. Also, be sure to research competitors, forums and social media to narrow down on topics for your blog.
Find and work with affiliates. Affiliates will help grow your business and help you tap into web traffic. There are many ways to meet and engage with affiliates, but the best way to access desirable affiliates is by building a reputation for yourself. You can do this by developing a popular blog or otherwise earning a large online following, or by becoming a published author of a book or article. There are other ways of meeting affiliates, of course, and each method will vary in its success and required effort. Generally speaking, the basic course of action for acquiring affiliates typically involves one of the following methods:
Once you have a great product you believe and a target market, you'll need to stock a site with quality content that will help drive traffic and affiliate sales. This article has some great tips on the nitty gritty of creating your own website. Once you have your website set up, you'll want to optimized it for conversions and sales. Learn about the four qualities of an effective website.