When you make money on the Internet, you most definitely need to be aware of how affiliate programs work. They are common and can be a great way to make money online. In fact, I have employed this option myself many times and have made many thousands of dollars.
When you sell a product as an affiliate, you are selling somebody else’s product. The deal is that the seller will pay you a percentage of every sale that you make. The percentage varies from seller to seller. Some are as low as 1-2% (usually found only in low margin areas like computer hardware) up to as high as 80%. I’ve even seen some sellers provide 100% commission to affiliates. They do this when they are willing to give away all proceeds because they know they’ll make much better money by upselling the buyer to better backend products.
To make money as an affiliate, you need to sign up for affiliate programs. You can sign up one-on-one with any company or seller which offers an affiliate program. You can also go to one of the larger clearing houses of affiliate products, such as:
You have to pick and choose products which are suitable to your audience (if you have one). For example, you wouldn’t market real estate products to an audience like we have here at PCMECH. It is also sometimes a good idea to buy and try the product yourself.
If you do not have an audience of your own nor a mailing list, you should turn to Google Adwords. Adwords will cost you money, yes, but if you carefully follow the math and the keywords you use, you can set it up where you are all but guaranteed that for every dollar you spend, you’ll make back more money. You use Google to direct people straight to your seller using YOUR affiliate code so that you get all credit for the sales made.
This post is most certainly not an in-depth guide to making money this way. There is a lot to it, and those who master it can make a goldmine selling other people’s products. Silver and gold members of PCMECH will get additional material on this down the road.
In the meantime, there are some blogs you can read on the subject. UberAffilliate is one blog I would recommend, authored by Paul Bourque.
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