It is human nature to want to have more and more money, over and above the amount you need for your basic needs?
Everyone needs to have money to spend on fun activities, vacations, and buying all the luxury items that you have always dreamt about.
This is why an extra source of income is very helpful to achieve this lifestyle change.
Affiliate marketing is one avenue that can help you move closer to this dream, allowing you to have a hands-free and automated way of making some extra income. So, what is affiliate marketing?
Affiliate marketing – What is it?
Basically, affiliate marketing is promoting products and services for commissions. It involves identifying a need in a given market, then identifying the best products to help fill this need. You then present these products to this market using your affiliate links so that you get paid commissions when a sale is made from your promotion efforts.
Does human nature count?
With affiliate marketing, your reward comes from leveraging on the human nature. Most people are naturally curious to try out things that will be beneficial to them. People also tend to be lazy. They do not want to do their own research to find the best products to help solve the problems they have in life. So, as an affiliate marketer, you simply do the research on their behalf, review different products, and then present your recommendations to the potential buyers, who are the people with the problem.
To set yourself up for affiliate marketing, you need to register with one (or several) of the different affiliate networks available out there. Some of the more popular networks include Paydotcom, Clickbank, Amazon, Commission Junction and eBay. Once you register with any of these networks, you will be able to generate unique links to the many different listed products in them. These unique links are the ones you use to direct potential buyers to the products listed in these networks.
Note that with affiliate marketing, you will be promoting other people’s products. It is therefore important to choose the products you promote wisely. Look for a product that will quench a particular thirst in a potential customer, offering them a unique benefit. Remember that it is human nature for a person to go for a product that only satisfies a certain need in them. Identify this need, and use it to identify a product that gives a solution to it. Then present this product to your potential buyers.
Upon identifying the product to promote, there are a number of ways you can drive targeted prospects to your generated affiliate links. You can make a review blog where you discuss the benefits and the downsides of this particular product, then recommending the product via your affiliate link.
Alternatively, you can set up a pay per click campaign where you pay for traffic from other well established websites. These can be websites in your niche, as well as the search engines and the social media networks. Similarly so, you can set up pay per view campaigns, or solo ads, among many other ways of free and paid advertising methods. Any method of advertising that gets your affiliate link in front of potential customers is highly recommended.
Finally, when sales are made through your affiliate links, you get credited for these sales. You are therefore paid a pre-set commission amount. Most affiliate networks pay very high percentage commissions, with some going as far up as 80 percent commission. This offers you a very good earn when you promote such a product.
Benefits of affiliate marketing
Affiliate marketing is one of the most lucrative ways of making money online. It is also one of the extra income methods that can be automated almost completely. All you need is to have the right tools to automate the whole process. Some of the tools include a domain, a hosting account, and an autoresponder.
With these, you can be able to fully automate this income stream. To top it all, affiliate marketing is a low capital way of making money. You can even be able to start with zero capital and end up in huge profits. You do not even need to have your own product in order to enter in to any market.
So, whether driven by human nature, or by simple instinct in to wanting a better life for yourself, affiliate marketing can be the most ideal option for an extra buck and especially for the very busy person.
Written by Frank Brandly
When not busy making more money Frank is wondering about the current state of the world and how and when it might be human nature not to want more money!