Definition of Affiliate Marketing : according to Wikipedia
“Affiliate Marketing is an Internet-based marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts. It is an application of crowd sourcing. Examples include rewards sites, where users are rewarded with cash or gifts, for the completion of an offer, and the referral of others to the site.”
In simple jargon, you promote a product to a customer that is offered by a merchant and if the customer buys the product through you then the merchant will pay you a commission.
There are 3 major role players in Affiliate Marketing
1. An advertiser or merchant is the company who is selling a product or service.
2. An affiliate, sometimes referred to as a publisher or partner, is another person or company who assists in the promotion of the product and earns a commission for doing so. (That could be you!)
3.The Service Provider, then you have a management company in between the merchant and the affiliate who links the two together. An example of Management Company is ClickBank and PayDotCom. The management company allows the merchants to place their products in the market place and publishers join the management company to promote the merchant products.
In other words, the management company partners the merchants with the affiliates and keeps track of the sales and commissions.
The advantage for an affiliate is that after joining the merchant company it can choose products from variety of categories and promote them to earn a commission.
Promoting a product as an affiliate can be as easy, as it can be very difficult. You need to choose the right product or your affiliate marketing campaign can be a disaster. Many have failed in this venture due to the lack of knowledge required to promote as an Affiliate. There are tons of training on the internet. It is important to follow some before venturing online as an Affiliate. Some Super Affiliates will provide you with excellent training and at a very low cost.
The tendency of a newbie is to promote the first product that comes out in the market place rather than selecting a product based on customer requirements or based on what your skills or passion is about.
It is important to know your product because to attract visitors to your promotions your campaigns need to be very attractive. The critical thing is to know how to promote your product.
In experienced affiliate marketers have chosen the wrong path and have failed over and over again, sometimes going through investments in creating websites to promoting a product and after a few months have abandoned the product and website.
Before you start your venture on the internet or online business, you have to decide what you are good at, or what do you like the most or where are your skills best placed.
Choosing the wrong product which is none of the above mentioned criteria will lead to a sure failure.
Once you have found what you are good at, you then must go for the product that best suits your quality/ability/skills/passion.
I hope this article has been helpful in understanding. Please leave a comment if you liked it and come back as I will be posting more…
Private label rights has been a hot topic over the last several years and for a good reason.
When you get private label rights to a product, you can take that product and turn it into your own content or your own product.
Imagine all the time you will save NOT having to create all the content…
As affiliate marketers though sometimes we are overlooked on the private label rights front, so today I wanted to dedicate this post to helping you learn how to use private label rights content to explode your affiliate marketing…
First off…
Affiliate marketing should always start with building a list in your chosen niche. This is key…
Simply setup a squeeze page giving something of great value away for free in exchange for the visitors name and email address.
Videos are incredibly awesome to use in your marketing because of the conversions that they can produce. Anytime you can get private label rights to videos you need to snatch them up!
Side Note: Liz Tomey has just released a huge package of private label rights products that include video workshops, video product, video reviews and so much more. This will help you a ton in your affiliate marketing and you can get the entire package PLUS personal coaching from Liz at Tax Man PLR Blowout
Now once you start building a list, you basically have a license to print money. 🙂
You simply find a product related to your niche and send an email to your list about it. They buy and you make money.
It really is that simple…
Now once you have your list, you can also do other things to profit from it.
Stuff like…
Adding bonuses for buying through your links
Review products and sending the reviews to your list
Create products that you own and sell to your list
And so so so much more!
So here’s the plan step-by-step…
1. Create a squeeze page that gives something away for free to start building your list
Note: You can use PLR content to create your free offer.
2. Review a product and create a message to send to your list that has a link to the review. You can then load this into your autoresponder and each person who joins your list will automatically get it.
Note: In Liz Tomey’s Tax Man PLR Blowout package she gives you 25 video reviews of 25 different products that you can send to your list. You can get these by going to Tax Man PLR Blowout
3. Find a product to promote to your list, and create a bonus to give to people who buy through your link. Create a message to send to your list that has a link to your bonus offer. You can then load this into your autoresponder and each person who joins your list will automatically get it.
Note: You can use PLR content to create your bonus product. You can get incredible PLR content to create your bonus with by going to Tax Man PLR Blowout
4. Find good PLR content and use it to create your own product. Create a message to send to your list that has a link to your product in it. You can then load this into your autoresponder and each person who joins your list will automatically get it.
5. Rinse and repeat steps 2, 3, and 4….
This is the best way to create an autopilot income hands down!
If you actually DO this, then ALL you have to concentrate on is driving traffic to your squeeze page.
So, there you go. There’s an entire plan using PLR content as an affiliate marketer!
Now where do you get all this private label content from?
Because she is my personal Mentor and she is Fabulous. This is my honest recommendation. Liz does not hide anything while she teaches. Some of Liz’s courses that I have done so far are :
The Lost Reseller Scrolls : Where Liz teaches you how to create your own products and make 100% profit
Underground Traffic Blog : How to optimize and get maximum traffic using free techniques
Zero to 10K a month : My latest course, the name itself tells you what you are getting here.
In this package you’ll get private label rights to video reviews, entire workshop and coaching programs, products, and more that are ALL personally created by Liz Tomey…
Not only that, but Liz is also offering personal coaching showing you how to use all the content too!
Now there’s only 500 of these packages that will be sold, so make sure you go to Tax Man PLR Blowout right now!
The answer to this question can be very simple and also it can be very complicated for a person who is just starting their online business. Many of us have difficulties in building a list and developing a fruitful relationship with the subscribers. If these two are not performed then, there is a gap in the system and email marketing will not be effective.
Before we go in depth, we may want to look at the fundamentals of email marketing.
In order to make email marketing effective, first of all we need to have subscribers and when I mean by subscribers, it has to be reasonably a big list. Because a conversion rate, although it may vary, could be 1 buyer out of a 100 or a 1000 subscribers. The conversion rate also depends on the value perceived by your subscribers about yourself and your product. By that, I mean to say, how convincing have you been to your subscribers. How much do they trust you to get them influenced to buy your product.
Yes, there is also the selection of niche product to sell to your subscribers. A good highly targeted niche product would sell quite well.
If we read again the above statements, there is a chain of actions to be performed before you can get to promote your product to your subscribers.
First, you need to get a list of subscribers. This is one of the most important part of the chain, as no list equals no profits. To get a list, you have to build an attractive, appealing squeeze page to attract people to opt-in to your mailing list. This can be done by giving something valuable to the person.
Second, after you have built a list, you need to build a relationship by giving them valuable content. This will increase their confidence towards you. This is your first step towards email marketing. By adding value, you will also be able to study their needs.
Third, now that you are building trust, you would want to also earn money through your subscribers. Understanding your subscribers’ needs is very important. Imagine, people have opted in to your mailing list for networking marketing and your are trying to sell them dog food. You will never convert those emails to sales.
Fourth, finding the right niche products tailored to your subscribers needs. There are tons of products out there but understanding the selection criteria and the ones that convert is vital. You can go to places like Clickbank. It is the best place to find your exact niche product. Some of these products also provide marketing tools like emails and Lead capture page.
Many of us fail in email marketing because we don’t emphasize enough on building a highly targeted list. Second, as soon as we start building a list, we are excited to promote to them the very instance they opted in to the mailing list. Nobody likes to be bombarded with promotions. They will never read your emails. Give them value and then attract them to your products.
For any business to be profitable, we need to build trust and confidence with our audience and email marketing follows the same concept. So my friends add value to your list, help them like you and you will see that everything else will follow smoothly.
Until next time. Wishing you all a Happy and Prosperous New Year 2010.
I know that 2009 has been a year full of challenges and blessings for many of you. May the peace and HOPE of the SEASON bring comfort to your souls as we move into a brand new year.
Eat lots, have tons of fun, make lasting memories, give to those in need, come closer to friends and loved ones, BE SAVE and “arm” yourself with all that is needed to make 2010 a truly successful year in every aspect of your life.
I truly appreciate your support and your interest in the value I bring to the Internet world and look forward to what is to come in 2010 and beyond!
Mike Filsaime gives away The7Figure code ($1297) to the first 10,000 people
Before you do ANYTHING…
Mark Down This Date and Time:
DATE: Tuesday, December 15th, 2009
TIME: 2PM EST
Here is an excellent course, which has seen success since 2007. Many of you may know Mike Filsaime. He is the author of Butterfly Marketing and the 7 Figure Code Home Study Course. He has many other business such as Paydotcom which is an affiliate program used by many internet marketers to sell their products online. Mike Filesaime is known for coaching and mentoring.
In 2007, Mike Filesaime organised workshop called the “7 Figure Business Workshop”. This was a 3 day event where the experts gave a presentation that pulled back the curtains on how they build their 7 figure empire. The attendees learned how they could convert their normal business into a 7 figure income.
The workshop was focused on delivering a step by step blueprint. It revealed what it takes to become a successful business owner.
The event was so successful that, Mike decided to convert the 3 day workshop into a Home Study Course (16 DVD’s). This home study course sold out then at a price of $1297. The 16 DVD’s gave a total understanding of how to get to a 7 figure business. A perfect step by step blueprint for any new marketer. It is so comprehensive that it will allow any established internet marketer to follow the steps and double or even triple their business.
Following are some of the key points that were discussed in the 7 Figure Code Home Study Course. Each DVD is covered by an expert where he talks about his expertise, the do’s and don’ts of online business:
– What really means a vision and the difference between a fox and a hedgehog when it comes to doing business.
– Mike Filesaime talks to you about his success story, where he was and where he is today.
– 14 critical process that can turn your business into a 7 figure empire.
– The sales process and pipeline yours customers must go through
– Why, When, How and to Whom you should outsource
– The fast profit methods of running your online business
– What are the tools and resources that you absolutely need to run your business.
– How to make the best use of legal tax legislations and how to protect your assets
Well I could go on. 72 hours of highly valuable information packed into 16 DVD’s is worth having for anyone who really want to succeed online. Each DVD goes in depth into real key mindsets and concepts that will lead to a 7 figure Online/Offline business.
So What is the Good News. Mike has decided to leave Guru Marketing. Which means that he is moving away from mentoring and coaching , towards technology. So the good news is that on this occasion,he has decided to give away this highly demanding course for free and for a limited time period to the first 10,000 people who register by the 15th of Dec.
Hi! I'm Nurul Chowdhury, a Business Coach here to help you transition from your 9-to-5 to successful online entrepreneurship. This blog offers practical tips and guides on everything from launching your online business to starting a profitable blog. Get ready to transform your skills into a thriving digital venture!
