The internet has opened up a whole new way for people to make money.And while it's definitely not the get-rich-quick scheme that some claim it is, affiliate marketing is a viable option in making good money online.
Here's a definition of affiliate marketing, but in a nutshell, I've found affiliate marketing to work best like this:
1 - Find a hot new product that's on Amazon (my favorite affiliate marketing program) and set up a website around it -- like the set of 90 DVD movies from United Artists' collection featured on Oprah's 2007 "Favorite Things" Show.
2 - Link to it as much as you can to get it listed in Google -- or indexed, as they say.
3 - Practice search-engine optimization to get as many people searching for that product as possible to your website about that product. (I find that naming the URL with at least "Buy[HotNewProduct]Online.com" in the domain name helps you get those customers that are ready to buy.)
4 - Then, based on Amazon's performance scale, you get a cut of the money paid by customers -- it's your tip for bringing them those paying customers.
For example -- and I find it's worth it to set up a website around a hot new and expensive product to make it worth your while -- say you start pitching a sought-after product that costs $1,000.00 each. If you're on the 7% scale of the performance pay, you'll get 70 bucks for every paying customer that buys one thru your direct link.
Sell 100 of said product units in one year, and that website has made you $7,000 for the year -- and only cost you around 10 bucks for the domain name, maybe $120 in hosting fees and your blood sweat and tears in setting it up.
Of course, not all products are that hot -- but some others will surprise you in how well they sell. Get a good 10 or 20 or more websites churning out the dough every year, and you're on your way to becoming a well-paid affiliate marketer!
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