Contrary to popular belief, there’s no down time. Hours go by and I realize I haven’t gotten up from my chair, or eaten or even used the bathroom. (Then there are those times I’ve muted my phone and urinated during meetings. Sorry, but when you got to go, you got to go!) And remember how I imagined I’d have lunch dates and gym escapades? It barely ever happens.
You’ve launched an amazing product or service. Now what? Now, you need to get the word out. When done well, good PR can be much more effective and less expensive than advertising. Regardless of whether you want to hire a fancy agency or awesome consultant, make sure that you know what you’re doing and what types of ROI to expect. Relationships are the heart and soul of PR. This chapter will teach you how to ignore the noise and focus on substantive, measurable results.
While these models have diminished in mature e-commerce and online advertising markets they are still prevalent in some more nascent industries. China is one example where Affiliate Marketing does not overtly resemble the same model in the West. With many affiliates being paid a flat "Cost Per Day" with some networks offering Cost Per Click or CPM.
While any “regular” job requires you to be at work to make money, affiliate marketing offers you the ability to make money while you sleep. By investing an initial amount of time into a campaign, you will see continuous returns on that time as consumers purchase the product over the following days and weeks. You receive money for your work long after you’ve finished it. Even when you’re not in front of your computer, your marketing skills will be earning you a steady flow of income.
Freelancing — I mentioned contracting as a virtual assistant for a multi-VA firm above, but you can also these services – and others – directly to clients. Freelance jobs include things like web design, bookkeeping, social media management, and being a virtual assistant. Even if you don’t think you have marketable skills, all it takes is a conversation with someone about what you know how to do, and you’ve got the potential for a freelance business. Plus, you can always deep-dive into something that interests you (Facebook ads, landing page design, marketing on Pinterest, podcast production, and more) and specialize in that area.
Since you’re essentially a freelancer, you get ultimate independence in setting your own goals, redirecting your path when you feel so inclined, choosing the products that interest you, and even determining your own hours. This convenience means you can diversify your portfolio if you like or focus solely on simple and straightforward campaigns. You’ll also be free from company restrictions and regulations as well as ill-performing teams.
Also known as a publisher, the affiliate can be either an individual or a company that markets the seller’s product in an appealing way to potential consumers. In other words, the affiliate promotes the product to persuade consumers that it is valuable or beneficial to them and convince them to purchase the product. If the consumer does end up buying the product, the affiliate receives a portion of the revenue made.