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Make Money Online With Affiliate Marketing

October 10, 2011 | Affiliate Marketing | My Ramblings | 2 Comments

The top 4 things I absolutely love about making money online are:

  1. You can automate your business.  There is no need to man it.  It’s not like a brick-and-mortar business where you have to be there 8 hours per day.  Your website is your employee and does all the work.  You can literally make money while you sleep.
  2.  You can be mobile.  You can live and travel anywhere in the world as long as you have an Internet connection.  I’ve been on vacation in Jamaica where I conducted business via the Internet.
  3.  You can try things fairly quickly and inexpensively.  If you have an idea, its extremely cheap and easy to develop a website and then pay a small amount of money to drive traffic to it to determine if you can convert visitors into making you money.
  4. You can sell and market products/services you don’t own via drop shipping and affiliate marketing.  There is no need to buy inventory, find space to store it and the pray you can sell it!.

One of the fastest ways to make money online is affiliate marketing. Affiliate Marketing is promoting products or services that you don’t own for a commission.  You register with an Affiliate Company to get an account, which gives you access to hyper-links (via text or banners) to products/services.  You take a link and place it out in the Internet world (via e-mail, website / landing page, paid advertising) to send traffic to your advertiser.  When an action is taken (sale or lead generated), you get paid a commission.  It’s that simple, but not easy because it involves a lot of trial-and-error! 

Some of the top affiliate companies include Commission Junction (CJ), AzoogleAds, ClickBank, PepperJam Network and Sharesale.  However, there are many other mid to smaller affiliate companies, but these are the ones I use the most.

As stated, the beauty with affiliate marketing is that you don’t have to own anything.  As a matter-a-fact, you don’t even have to own a website.  One of my most successful affiliate marketing campaign was marketing products via paid advertising where I sent traffic directly to the advertiser’s website.  However, now this strategy is rare.  Most advertisers want you to send traffic from another website and not directly from paid ads.

High traffic Blogs do very well with affiliate marketing because they don’t pay for any traffic.  All traffic is free, so they keep all earnings via affiliate links embedded in their blog posts. Blog owners with high traffic usually have loyal followers / readers who will purchase products/services that they recommend.  I know of blog owners making $30,000+ per month with this strategy!

Below is a screen shot from one of my affiliate accounts where I have grossed $33,304.00 YTD. Most of the traffic is from paid advertising, so there is cost in generating this amount.  However, the profit margin is pretty decent. 

The thing I like about generating 33,304.00 is that it’s pretty much on auto-pilot.  After setting up the campaigns,  I do very little but monitor and make adjustments.  Weeks may pass where I don’t even touch a campaign where I literally make money while I’m sleeping. 

However, please don’t be too impressed with the gross earnings because it’s nothing compared to some Internet Markets who make this amount in a month or less.  As a matter-a-fact I’m very disappointed that I haven’t done better.  As you can see from the screen shot, in Q1 I generated $14,738.76 but in Q2 it dropped to $10,148.29 and dropped again to $8,416.95 in Q3, which was very disappointing!

If you are interested in learning more about affiliate marketing, there a many blogs ran by Affiliate Marketers with articles on how they make money via affiliate marketing.   There are also many people selling training programs on affiliate marketing that can get you up to speed quickly.  However, if you are diligent, you can find most of the information for free on the Internet.  Just Google “Affiliate Marketing” and you’ll be presented with an abundance of free information.  This is another thing I absolutely love about the Internet.   There is so much free information on the Internet that, if you are smart and highly motivated, you can exploit to make money!

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2 Comments to “Make Money Online With Affiliate Marketing”

  1. Amy
    12:42 pm on October 12th, 2011

    Affiliate marketing always seems promising but that requires great networking skills, which might be difficult than actually selling your own product.
    Amy recently posted..Physical therapy assistant schoolsMy Profile

  2. Patrick
    12:59 pm on October 12th, 2011

    Networking is important but is not the most important when it comes to Affiliate Marketing. It’s really about trial-and-error! Try until you find something that works.

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