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Friday, June 26, 2009

4 Key Strategies to Making Money Online With Affiliate Marketing With Little Or No Money

As long as you have access to a computer and an internet connection, you will be able to earn money.

Blogging

One of the most popular affiliate marketing business models these days is blogging. You can get started blogging for free using a hosted blog solution like Blogger.com. I don't recommend this if you have the money to invest for a domain and web hosting, but it's a good way to get started if you don't. Blogging requires you to be at least moderately skilled in writing. You need to be consistent, because you need to be capable of posting to your blog on a regular basis, at least once per week. One of the big secrets to success with blogging is to update often. Google loves fresh content, and they like to rank it high in their results. Posting regularly helps keep your blog fresh, and it will eventually help it rank well. If you don't like to write, or if you don't feel you could be consistent enough to update regularly, blogging might not be the right business model for you.

Bum Marketing

Web 2.0, Bum Marketing, Article Marketing - Web 2.0 marketing, also called bum marketing, uses completely free methods of making money. This is why it's called "bum marketing"... because it's done without money. Basically, you write articles and submit them to various places that accept free articles. Then you can include your affiliate advertisements on those sites. There are many different sites you can use this way. EzineArticles.com is perhaps the most popular. It is an article directory, and users can write articles and add them to the directory in order to have a couple of links in a box at the end of the article. This box, known as the "resource box", "bio box", or "author box", can house affiliate links (although you must link to a domain that is being forwarded to the affiliate link) or a link to a site you own. This site can be another web 2.0 site like Squidoo.com or Blogger.com. You can also use the articles you write to make web pages on sites like Squidoo.com, HubPages.com, and Weebly.com. These sites are free to use, and you can use them to promote your affiliate offerings.

Review Sites

Review sites have been taking the internet by storm recently. They are a super way to make money with affiliate products, because so many people like to search for reviews of products before they buy them. You will ideally want your own domain for this to give it more credibility. You might buy something like www.CoffeePotReviews.com if you wanted to review various coffee pot models. In order to appear completely impartial, you would want to give some models a poor review, others average, and only a few models a really good review. Also, you'd want to be sure that you didn't give the most expensive items the best reviews. That would look very fishy to your visitors. The only way review sites work is if the visitor truly believes the reviews are impartial and unbiased.

Pay-Per-Click Marketing

PPC marketing is a fantastic way to make money with affiliate products, but it does take a lot of thought, planning, and practice. It is very common to lose money for a while in PPC, until you learn how to set up profitable campaigns. PPC takes quite a bit of investment. Although most PPC companies don't require you to pay up front, you will have to pay your bill in about a month. If you don't pay, your ads could be suspended, and you could even lose your account and be banned for life. The problem is, most affiliate marketing companies won't pay you in time for you to pay for your PPC marketing costs. A lot of affiliate companies pay monthly, or even quarterly. The checks might not arrive before your bill is due. Plus, if you spend a lot of money, sometimes the company will require you to pay for your clicks ahead of time. For example, if you suddenly ran up $500 in clicks at Google AdWords, they might temporarily halt your ads until you paid for the $500 you had already spent. Considering that you could easily spend $500 in a single day if you set up a lot of campaigns with large daily limits, you might lose your account way before your affiliate check ever arrives.

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David Gange 2009

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