Yes there is a lot of money in Affiliation Marketing if you are doing this in professional way. Some key points which helps to generate more wealth in Affiliation Marketing: Stay work on single program not to mix up your mind on other programs. Stay patience. Patience is the main quality of Perfect Affiliate Marketer. Do lots of hard work. Affiliation Marketing is not a “Get Rich Fast†scheme for lazy people. Best of Luck
Submitting your website to the search engines isn't really something that needs to be done anymore and that's why all of those "services" that say they will submit your site to the SE are a waste of money. The search engines find your site by links to your site. So if you want to "submit" your site to the search engines you just get links to your site. --- As to the original question - Yes, affiliate programs can make you rich (I guess depending somewhat on what you consider "rich" to be) - Certainly there are people making over a million dollars a year with affiliate programs. Am I? No. I will divulge that I'm currently on pace to make about $60,000/year on affiliate programs (I also do adsense... but make much less with that) ... I hope to grow that quite a bit in the future though! My personal goals are possibly more modest than some - I'd be very pleased with a 100,000 $ yearly income - And in fact that's my current goal. If more comes, so be it! But I'm not really someone who cares about fancy cars and the like and I'm not going to work myself to the bone if I'm already making plenty of money. For me it's just about living comfortably - being able to set my own hours and being able to have enough money to go on vacation when I need to. I think 100K will be enough to do that. Although I don't think it really qualifies as "rich" ... upper middle class? sure --- I also highly recommend getting your own domains and websites started. The earlier you start the better. The competition in the PPC straight to affiliate links area is extremely tough and with PPC you are always having to worry about how much you are spending. I still do some PPC but I'm much more into the SEO end of things these days. It's not easy but ... The rewards are great.
Most affiliate marketing guru's will tell you to get your own website, or blog, and get a good autoresponder. Build a email list for future follow up along with selling your products.
That's true Jeff, But I do well and I've never had a mailing list... I think there are different ways to succeed. It really depends on what kind of products you are marketing. For some of my products (hotel reservations for example) I don't really see how a mailing list would make any sense. A lot of so called "affiliate marketing gurus" are just people who make all of their money by "teaching" other people how to be an internet marketer. I'm always very wary of these people. My internet marketing blog is just a side thing for me. Sort of a diary that if it makes me a few bucks, cool. But... yeah... I guess this is turning into a bit of a rant! My point is - email lists may be fine & dandy for some things but not work very well for others... plus personally I hate the idea of sending emails to people. There's nothing I hate more than email spam... besides maybe forum spam.
What also is writing an ezine article is it just taking a product from clickbank and writing an article about how good it is and why people you get it to sell the item and can you put the links in the article...sry everyone completely new at this and want to learn alot.
Find a few good programs and you can make some decent cash... but it is not as easy as some say. Most successful folks already have a successful website and then start marketing products to their visitors.
Like anything else, some people will make it big, some will lose money and most will be somewhere in between.
You can become wealthy with affiliate programs, but you have to work hard. It is not as easy as some people think when they start, but promoting several programs can bring in muliple streams of income for you.
From what I have experienced, there are two types of people in this world. Type 1 thinks that getting rich is something you buy in a box and turn it on. You fall into this category. You will most likely never become rich until you shed the way of thinking. Type 2 is the type that would rather do things themselves. They learn website design and learn how to use PHP/Mysql and they churn out stuff by simply putting one foot in front of the other and getting to the finish line. If you want to make a lot of money in the industry then you are going to have to do a lot of reading. You are going to have to do a lot of investigative work. Find a user that is successful and click the links in their sig. Then use the plethora of free tools out there to pick apart his/her business plan and get an idea of what you need to be doing. Sling a lot of crap against the wall. See what sticks. Rinse and repeat. Read, read, read, READ and when you are done with that... READ SOME MORE! I make a very comfortable living... I have tried to help out four of my friends in this industry and none of them can crack $2K a month. That is just sad... But then they were not interested in the industry, they were interested in the money... What are you interested in?
I love Affiliate marketing and yes it can make you very rich and you dont have to deal with so many things that an online merchant has to worry about. I have been building web sites since 95, I only started affiliate marketing 2.5 years ago. WHY DID I WAIT!!!!! First 6 months was total bombing out, loss after loss after loss. I was working like a dog, day job web design, night job affiliate marketing, 16 hours a day and affiliate marketing losing me money!! Last month was just incredible, lets say that after costs it was high $xx,xxx - now I really need to get a good accountant, an important point for a successful affiliate marketer. Although I have never made money like that before. I started off signing up with major affiliate companies and test marketing products. Firstly I would get some hosting together that allows you to host unlimited domains. Then look at what products you think you could market on PPC and make some money back. So select the Product, Buy the domain, setup the hosting, make a simple 1 page or more web site, setup some PPC ads and test market with say $50-$100. Then review how much you got back. If you get 50% back thats not bad and means that it could make money if refined etc. If you get under 50% even though it might sound like a good idea, I would just drop it and move on to the next. If you make 75%-%100 back then you know you probably onto a winner. If you make money on your trial 100%+ back, then its full steam ahead. I think I tried and failed over 100 times. I thought my ideas were so good but who cares about that, if they made money thats what counts. Then I got lucky, actually on a trial I made money, then more money, then more and kept expanding from there. The secret is then to diversify into lots of different markets so you are less likely to get crushed if competition starts killing you. The problem with Affiliate marketing is competition. There is so much of it and it just keeps growing. When you hear everywhere that selling something in Affiliate marketing is making heaps of money, usually at that stage its too late. There are pros in the market, making heaps and more and more people will be coming in driving up PPC costs. Usually these pros have big budgets to spend on advertising, get good sales, then can cut special deals with companies for getting higher commission, special offers etc. The best is to try and get something that people don't know about much yet. Check for affiliate products that have little PPC competition or that you can get cheap traffic for. Keep it to yourself and before you know it you could be the leading affiliate marketer in that niche for your target country. Once that happens then look at expanding into our countries but each will have different amount of affiliate competitors so you need to be careful with. I am always trying to find something new to get into, something that can cut down my risk. I am always a bit scared that someone can just come along and knock me off. Its always the chance with affiliate marketing but as you get known as a brand leader in a region then the odds get less. Important point on affiliate marketing, it usually takes around 3 months to get paid, so even though you may be making $$$ you have to have 3 months worth of advertising $$ before you receive your long awaited payment. Then as you grow you spent more $$ on advertising but are still waiting for the bigger payments to come in. Having a few different credit cards and increasing the limit was the way that I sort of handled it but it still gets scary when money is getting really low for ad spend. Other thing that you really need is luck. Right time, right place. I have been so lucky to get into certain things at certain times. Another important angle is whether SEO is going to be an important factor. Its super hard to get top rankings in areas making big money. And the crazy thing i find is number 5 isn't good enough. You need to be number 1 or at least in top 3, its all the bloody PPC ads that get lots of clicks these days. If you are not good at it then maybe time is best spent on PPC. I like SEO and I use an SEO / PPC / Site Sponsorship and custom text ads on major traffic sites as my stats to get traffic. Since I finally dropped web design, or should I say, finally could drop doing web design for clients a year ago, now I work a lot less and when i want. Some days an hour, other days 12 hours. I have been travelling around Europe this year and working as well. Affiliate marketing is so kool! Laptop and high speed internet is all you need. From the big boys that I speak to / read about most of them say they basically just use PPC pretty much only and I mean they make crazy $$$ around mid $xxx,xxx a month!!! If thats not proof that affiliate marketing can make you money I dont know what is. They are spending on PPC though hundreds of thousands a month though and you really have to build up to that! Good luck all, hope a few points in here provide some tips and remember Affiliate marketing is a great way to earn nice $$$.
Nice post rbleyer, +rep. My only difference is that I wouldn't buy a domain before ppc testing. Maybe toss the main keyword in a subdomain of a 'neutral' domain so you don't pay for a domain before knowing it will work. In my experience, most ppc tests will fail. A neutral domain is one that is not related to anything. I'll make up an example - webexpress.com. I think its an essential possession for every wannabee marketer. With subdomains and even pages; you can flog any type of products. I only buy domains for SEO projects generally.
I think you really need some money to do market testing because it's often the case that only 9/10 of the programs you choose might not convert and you need to do lots of conversion testing from the landing page to the keywords level.
Though I have not been lucky myself, but my friend has made a lot of money from an online pharmacy. I am starting it over again, with tips given above, like writing articles. It is the content and discussions which really pays. No shortcuts, I believe. If any one has, please share.
affiliate programs dont make u rich.. it makes the program owner rich who u r selling for.. for example if there are 1000 affiliates promoting same program.. that sells for 15$ .. lets assume affiliate program owner (ebook software script website maker) gets 10$ per sales.. and affiliates gets 5$ per sale.. even if everyone makes 1 sale avarage.. 1000*10$=10 000$ for the program owner and 5$ for each of the affiliate.. yaa compare 10000$ to 5$ now!! Understand who is rich?? so conclusion is affiliate marketing never can make a person rich.. ================================================ Similerly buying clicks from google cannot make u rich!! You know why.. 100 000++ ppls are buying clicks from google.. and its google who is laughing all the way to their bank.. not the buyers.. buyers are in tension if the clicks will convert or not.. some sinking with wrong choice and no conversion.. some making some good roi or break even.. The term rich applies to bill gates and google mainly.. And same for top affiliate program owners.. like rich jerk in past.. How to attract people and how to deliver a window that u cannot see through and still make billion dollars u need to learn from them.. ---------------- From my 5 years online.. I will tell you honestly.. build a program like adbux.org or any advertising system or marketing system or traffic system.. which ppl will get excited and ready to spend dollars for getting traffic and hits.. and ppl will get excited to get paid.. congrats now you becoming an program owner.. no more waiting for checks to be cleared.. no tension of getting banned.. thats the littile way to be little rich.. Can you become google?? if u have the budget u can.. nothing is impossible.. good luck
Affiliate Programs DO NOT make you rich! This is a problem. Almost all affiliate programs tell you you can become rich from their program. They make it seem so simple. What a load of garbage! What will make you rich, or more realistically "making money", is your knowledge of affiliate marketing. Anyone can slap up an affiliate site, and that is what the majority of people do nowadays. Then, they sit on their butt, watching TV, waiting for the mailman to delivery those huge checks. Forget about it! To be a money-earning affiliate marketer, you need to know, and keep up to date with, the latest strategies and techniques. It is not easy. There is a lot of work to do....but isn't there a lot of work to do in any profession where you want to make a lot of money...or maybe get rich? Jim
I am into Affiliate marketing for more than 2 Yrs now.... and earned more than USD $ 4,00,000.00 (1.5 crore Indian Rupees) in 2 Yrs....... So i can confirm that there is a lot of money to be made by affiliate marketing ..... But only if u do it the professional way..... and treat it like a business and spend a lot of time....