What is the Best Way to Make Money Online?
What is the best way to make money online? There are many ways to make money online but Affiliate Marketing is definitely one of the primary and best known ways to make an extra or full time income in the online world.
Affiliate marketing is a very straight forward process. It is not as complicated as some people make it out to be.
I don't say it is easy, I am just saying it is not rocket science. It is hard work to make any money online, especially in the beginning. There are no easy ways to earn online. You have to work for it, just as you would with your 9-to-5 job.
It will get easier as time goes by and you become more successful.
The Life Cycle of Affiliate Marketing
Customers. They are everywhere. This is really the easiest part about affiliate marketing. There are definitely no shortage of customers. Billions and billions online. 3.8 Billion to be exact.
Most are looking for something they need, desire, want or to solve a problem they have. Products, services or information.
2. Your Niche Website
You need a website to promote your products. You want to establish an online presence. With a decent online presence comes trust and with trust customers and money.
This is only the second step, but this is also the end for some people. There are hundreds of places where you can start your affiliate marketing business with a free website, but it will be hosted on a sub domain and those are not as successful as when you have your own domain.
For a successful niche website you will need the following to start with:
- a domain
- privacy, spam and hacking protection
- instant 24/7 technical support
- SSL Certificate
- A decent keyword research tool
If you are a complete beginner, you will also need training and a place where you can get instant help when you get stuck and have questions.
This can cost you hundreds of dollars a month. This is where Wealthy Affiliate safed me. They offer all the above and much more. An all-in-one stop for every beginner and expert affiliate marketer's needs.
The best part is you can become a free member for life and first check it out. No trial period and no credit card required. The free membership option has limited functionality, but it is still pretty good.
After deciding what your niche website will be about, you can start creating your website. Remember to do your research first. Is there a market for your niche and will it be profitable?
3. Affiliate Programs / Networks
You need to join affiliate programs or networks. You want to promote and sell someone else's products and services. In order for you to do that you need to become a member of that affiliate program or network.
Some affiliate programs are more difficult to join than others. For example, if you want to join the Amazon affiliate program you need to apply. If you want to join the Wealthy Affiliate Affiliate program you only need to register as a free member. Your affiliate link will be waiting for you instantly.
You cannot make money (commissions) without affiliate links. Your affiliate link or links are unique to you and identify you as the promoter (seller).
Every product or service you promote as an affiliate marketer pays differently. It is important to read the terms and conditions of each affiliate program or network carefully.
Here is a screenshot of Wealthy Affiliate's Affiliate commissions.
4. Promoting Your Products & Services
This is where the hard work really starts, but it can be a lot of fun and a lot easier when you follow the training here at Wealthy Affiliate.
If you successfully want to promote your services and products you need to learn at the least the following:
- how to write great product reviews and other content
- keyword research
- SEO (search engine optimization)
- e-mail marketing
- social media marketing
I am not going into the details. You can find everything you want to know by pressing the green "Training" button to the left. The first 10 lessons are free and Kyle (co-owner) will explain everything to you in detail.
5. Customers Buy Your Products and Services
This is what you want and this is what you have worked so hard for. It will start with a trickle, but will steadily grow as you promote more products and write more content for you website.
Be always helpful, listen to your customers' needs and adapt when required.
6. Start Making Money
Receiving a steady stream of commission is a pretty good feeling. You are starting to earn passive income.
Affiliate Marketing is definitely the best way to make money online. Most affiliate marketers don't succeed because they give up way to early.
The secret to becoming a successful affiliate marketer is your willingness to learn, hard work and patience.
Have a great day!
Your WA friend