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Slow and Steady Builds the Business

August 31, 2009

Here’s a deep, dark secret of online business: There’s no silver bullet to getting one up and going.

Yes, some things work much better than others. But there’s no magic out-of-the-box anything that you can buy and suddenly, you have a successful and lucrative business. Yes, I know a lot of products bill themselves that way. It’s an annoying bit of background noise you’ll have to tolerate if you’re trying to learn how to make money online.

Throwing money at a business without a plan won’t help you either. You can spend a lot of money and not get anything for it. It works the same way for time and effort if you’re not doing anything but expending time and effort.

But there is something simple you can do. In fact, anyone can do it. It works like this:

  • First, you find a business model that works for you.

  • Then, you work it steadily until you get where you want to go.

Slow and steady builds the business. A successful technique applied regularly over a period of time will make your income grow. This could be list building, making sales, your approach to earning affiliate commissions, or whatever. Not a single burst of time, effort, and money, but a steady, continuous effort. Spend enough time each day for you to actually accomplish something with your chosen technique, and keep going.

You don’t have to be a business prodigy. You just have to be like the tortoise in his race with the rabbit. Find something that works, and then just keep going.

Seriously, how do you make a beautiful, sellable ebook? Find your answers today with The Ebook Walkthrough!

My name is Ryan Ambrose, and I’m one of the co-authors of Can I Make Big Money Online.

How To Totally Fail At Affiliate Marketing

August 24, 2009

Affiliate marketing is a powerful tool to make money online. I have been talking about it a lot (here and here) the last few weeks.

But what if success scares you and you want to fail miserably at affiliate marketing? How do you do that?

Here are some tips that will help you fail faster than the average joe ūüėČ

1. If Something Works Stop Doing It Immediately
If something works stop doing it immediately and try something else. This is one of the most obvious rules of bad affiliate marketing. Most people start out doing this, but if for some reason you are new to affiliate marketing and you find that you are making money with it, then STOP doing what is working. Otherwise you might have great success and ruin your chances of failing!

2. Only Promote Products You Hate
A product may be hot, but is it the right product for you? Contrary to popular belief, most affiliates have success when they are passionate about a product. The passion itself creates energy and drive, and these are the things that your potential customers will tune in to. So to ensure failure only pick products you either hate or at the very least ambivalent about promoting. Never promote products that you are passionate about if you want to fail!

3. Join Every Affiliate Program on The Face Of The Earth
Problems are bound to arise when you join too many affiliate programs at once. The more affiliate programs you join the easier it is for you to be pulled in multiple directions at once. Not being able to focus is an AWESOME way to fail at affiliate marketing or any business venture for that matter. No matter what you do, do NOT promote only one or two programs that pay large commissions. And absolutely don’t give those programs your undivided attention. If you can’t sign up for enough affiliate programs to keep you from focusing on promoting one or two programs, then your chances of making money with affiliate marketing actually might get too high and you (gasp) might not fail!

4. Don’t Do Your Research
Don’t research companies to see if they have good customer reviews and don’t find out if they pay affiliates. If you insist on researching affiliate programs be sure to search the internet for scams and affiliate programs that have lots of complaints from affiliates about not being paid for their efforts. That’s a great way to find a loser that will all but ensure failure!

5. Promote Products and Services You Know Nothing About
A common mistake that new affiliates often make is not being familiar with the product. This mistake almost guarantees your failure. So… NEVER BUY THE PRODUCT OR SERVICE YOU ARE GOING TO PROMOTE. If you do buy the product or service and you like it, then you CAN NOT promote it or you might make money! In order to be sure you are going to fail, only promote products you hate or that you have never used.

In summary, using these 5 methods should ensure you failure in affiliate marketing. What is your favorite method of failing? If you know of any other good methods for failing at affiliate marketing let me know in the comments below?

Make Money Online With Five Types Of Affiliate Marketing

August 20, 2009

Recently, I talked about using affiliate marketing to make money online. So, today I’m going to discuss five of the best types of affiliate marketing for making big money online.

Pay Per Click (PPC) – Google Adsense

With PPC marketing the merchant pays affiliates whenever a visitor clicks on a merchant’s banner or text ad. The affiliate gets paid for every click even if the visitor he referred does not purchase anything from the merchant’s site.

Pay per click marketing is most closely associated with Google Adsense. Google Adsense is THE biggest money makers on my pure content sites. Adsense is a truly great way to make money with content sites and blogs.

The advantages of PPC systems like Adsense are:

1. Very easy to add to your site.
2. You don’t have to sell anything to make money with PPC.
3. You don’t have to choose programs to promote, the PPC system does that for you.

These advantages make PPC systems like Adsense very appealing to small websites and beginners. I, and many others that I know, have made a lot of money with Adsense.

Pay Per Sale (PPS)

PPS affiliate marketing is the most popular type used by merchants. In this type of affiliate program, the merchant only pays the affiliate whenever his referral buys a product. Affiliates are often paid on a commission basis (percentage of the sale), although some merchants pay a fixed fee. Commissions in PPS affiliate marketing can range from 1% to 100% of the sales.

Pay Per Lead (PPL)

Pay-per-lead (sometimes called Pay Per Action) is a type of affiliate marketing that is often used by insurance companies and other companies who rely on leads for their profits. The Death of Adsense ebook was a good example of Pay Per Lead in the Internet marketing industry. In this type of affiliate marketing, the affiliate is paid whenever the visitor he/she referred to the merchant’s site fills in an application form or takes an action that the merchant wants them to take. For example, a car insurance affiliate program will often want a person’s zip code to help find the best car insurance for them. Compensation for this type of affiliate marketing is a fixed fee and is often very lucrative for affiliates. In fact, one of my friends and mentors makes a nice income from pay per lead affiliate marketing.

In addition to the above types of affiliate marketing, there are other affiliate marketing types that enhance the earnings an affiliate can make.

Multi-Tier Affiliate Marketing

Some affiliate programs offer multiple tiers or levels that the affiliate can make money from. Single-tier affiliate marketing is the much more common than multi-tier, but multi-tier affiliate programs can be much more profitable. In a single-tier affiliate marketing program, the affiliates are paid based on the direct sales or traffic referred to the merchant.

In two-tier affiliate marketing programs, the affiliate is paid for for both the direct traffic or sales that he refers to the merchant’s site, AND all the clicks (PPC) or sales (PPS) or leads (PPL) referred by various other affiliates who joined the affiliate program through his affiliate link. Multi-tier affiliate marketing (3-tier, 4-tier, 5 tier, etc.) creates additional commission for the affiliates from the different tiers in the affiliate network. A good example of a multi-tier affiliate program is SiteSell which has 5 tiers.

Residual Income Affiliate Marketing

In residual income affiliate marketing, the affiliate gets paid whenever the customer he/she has referred returns to the site and purchase another product or renews a membership, etc. Compensation for such type of affiliate marketing is usually based on a sales percentage or a fixed fee. Residual income affiliate marketing is most commonly used by membership sites. I personally love getting paid every month from affiliate programs that offer residual income and look for opportunities to join affiliate programs that offer residual income in the areas I promote.

This is a basic summary of these five types of affiliate marketing. The important thing, as with all other kinds of marketing, is to find what works for you and your business. Experiment with different programs and different types of affiliate marketing and find out what works best for you and your visitors. As with everything else in making money online, it’s all about the numbers. If a particular method isn’t making money for you, by all means try something else.

Get MAX Traffic From Buzz Profits To Make Big Money Online

August 4, 2009

Recently, I interviewed Dean Hunt Dean Hunt. If you liked what Dean had to say and want to learn more from him, you should sign up for his course. “Buzz Profits” teaches you the same Buzz Marketing techniques that Dean has used to become an internet rock star.

If you’re not sure what Buzz Profits is all about or just aren’t sure you’re really ready to take the plunge, then sign up for Max Traffic, a free 7 day traffic blueprint that gives you a taste of what Buzz Profits is all about. You’ll learn viral traffic techniques, including how to get your competitors to promote you and getting others to spread viral videos for you. It’s free, so you don’t have anything to lose. And if you go through Max Traffic and still want more, then sign up for the full program. Click here to sign up for Dean’s free e-course MAX Traffic. Let me know if you use any of his techniques and how it works out for you.