You can research what affiliate programs are already out there and try to compete with their commission rate. Try to get listed in affiliate marketplaces like ShareASale or CJ. I don’t have experience actually running an affiliate program but I personally look for good commissions and a company with a solid reputation with products that can actually help my readers. Make a list of relevant websites/influences that fall within that criteria and reach out to them about your affiliate program. I know it’s broad advice but that’s why I see other companies do – they often have affiliate managers that are constantly working on business development.
You can sell your ebooks through Amazon's Kindle program or Apple's iTunes Connect, which gives you access to a large majority of the digital-book reading market and the barriers for entry are incredibly low. You don't need to invest lots of money to make this happen, but you do need to invest lots of time, not only in writing the ebooks, but in marketing them as well.
If you are a music lover, it would be a good idea to promote it over books and even other products. All you need to do is listen to clips of a full album within a short period, say 10 minutes, get a good feel of it without you purchasing it and do a short review. If there is another niche you are passionate about, make sure you get a unique discovery about it. Of course, there are hundreds of thousands of reviews about these products all over the web but you need to make yours more unique to attract people to your site.
This was a wealth of helpful information, thanks. In the first section you described how you found your niche. Any more suggestions on how I would find a niche that would be profitable? I understand you probably want to find something that you can write good content on, but what steps would you take to make sure to validate that it will be a good niche to work on? Thanks for any help Tom.
On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)
Hmmmm I’m a work from home mom right now but there are a couple of these I’m going to try out! Why not make a few bucks while shopping and have the gas paid for? Or help someone out if I’m running around anyway? Plus we are a pet free home so the kids would love pet sitting once in a while. LOVE this list thanks mama!! =) hope some of these links work in Canada!!
No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you'll need significant sweat equity. However, a year from now, you'll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter.
Great list Whitney! Another great option is Amazon FBA (Fulfillment By Amazon) There are apps (like Profit Bandit) that will allow you to scan the barcodes of clearance items at local stores and know instantly if the item can be sold for a profit on Amazon. The beauty of FBA is you simply ship all of the items at once to Amazon and they handle picking, packing and shipping your items when they sell so you can get back to being a mom 🙂 I know three people that make a legitimate six-figure income doing this from home.
If you’re planning on relying on SEO for traffic which most people do, it’s all about finding keywords where people would be interested in purchasing an affiliate product, and analyzing the competition of each of those keywords. Back when I was promoting Genesis themes, I saw hardly any articles about “Genesis eCommerce themes” (when I Googled it) which was a popular keyword. I got myself #1 for it. For SiteGround and StackPath, I saw opportunities to write articles on “settings” for each cache plugin (W3 Total Cache Settings, WP Fastest Cache Settings, WP Super Cache Settings, etc). After researching these keywords I was confident I could write better tutorials that the ones out there.
Can you make money with affiliate marketing? The short answer is yes, affiliate programs can earn extra money and even a full-time income from home. The long answer is a little more complicated. Like any home income venture, success comes not so much from what you choose to do to make money, but whether or not you do what needs to be done correctly and consistently.
If you have a knack for organization, you can make money online as a virtual assistant helping people to keep their days in order. A virtual assistant will do everyinthing from bookkeeping to research, database entry, booking travel, and managing email. It can also be an awesome way to rub shoulders with some very important people, build up your professional network, and of course grow another stream of income. You can find great gigs on UpWork, Fiverr, Indeed, and Remote.co.
If you're interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
People are turning to audio and visuals when it comes to technical subjects. However, you should consider doing an ebook first and turning it into an audiobook through a resource like Audible's ACX platform. You can hire a producer either through a royalty share program, so you don't have to shell out upfront cash, or you can do a pay-per-hour hire as well.
I could have promoted WP Engine (hosting company) for $200/sale with no tier program to climb – sounds pretty good right? But when I checked ShareASale I saw their reversal rates were 24%! Just to give you an idea SiteGround’s reversals are less than 10%. WP Engine starts at $29/month while SiteGround’s is $3.95/month, plus SiteGround has a better reputation. I had to climb a tier program to higher commissions with SiteGround, but it paid off long-term.
Long-Tail Keywords – specific keywords usually with 3-7 individual words in a phrase. They are highly targeted and MUCH easier to rank for than broad keywords (all mine are long-tail). The lower your domain authority (check using OSE), the less competitive (more long-tail) your keywords should be. If you can get more specific and the keyword still shows up in Google Autocomplete, Moz Keyword Explorer and other keyword tools… choose the SPECIFIC one.
Tim after reading your comments I had to reply about the online fitness coach. I know nothing about having a online personal coach or what it entails but I do know about having a trainer. I love my trainer he has me doing things that I never would have thought I would be doing however that being said it is expensive. If this an option for someone that whats to get in shape why not. But like i said I have do not have any personal experience with it so I don’t know whats involved.
Keep track of your affiliate links through some kind of spreadsheet or document to keep yourself organized. As you grow this income stream, you will add more affiliate links. Over time, it can become a large number of affiliate links. Start an organization system early to avoid stressfully searching for your affiliate links in a mountain of emails later on.
As I shared creating blog would not be enough to start earning money you need to promote your blog through digital marketing which would help you to generate relevant traffic to your website. I would suggest attending our free demo session on digital marketing where we would be sharing how digital marketing can help you to promote your business or blog: http://digitalvidya.com/dmo
More than half a billion products are sold on Amazon every month, making it an incredible opportunity to make money online. But, like everything else that involves making money online, you have to do quite a bit of work to earn it. One option on Amazon is to find products that are already made and buy and sell them at a discount. For example, you could research generic products such as clocks, keychains and mugs to attach to your brand.
If you're serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.