While there are currently tens of millions of blogs worldwide, close to 60 million powered by WordPress alone, many bloggers are not yet monetizing their sites. If you're one of these bloggers, a good place to start is with affiliate marketing: directing readers to a product or service in exchange for a commission on the sale (or other action) when it occurs.
The seller, whether a solo entrepreneur or large enterprise, is a vendor, merchant, product creator, or retailer with a product to market. The product can be a physical object, like household goods, or a service, like makeup tutorials. Also known as the brand, the seller does not need to be actively involved in the marketing, but they may also be the advertiser and profit from the revenue sharing associated with affiliate marketing.
It's important to line up your day carefully, with set "office" hours. How many hours do you hope to work that day? When will you return calls? What can you accomplish while your son or daughter is coloring in the next room? You'll get more done if you work smarter, not harder, says Christine Durst, a mom of two in Woodstock, Connecticut, and cofounder of ratracerebellion.com, a site that helps people find work-at-home jobs. That said, one of the best benefits of working at home is flexibility, especially if you are your own boss. If your son or daughter is fussing during your office hours and it's a beautiful day, it's okay to push assignments aside and go to the park. You can catch up on work later when your cutie has settled down.
Now, going back to our geeky extrapolations about virtual reality, there is no doubt in your mind, right, Jerod, that if you put on that clunky helmet, that you are there having this virtual-reality experience. Weren’t you the one who told me that there are some simulations where they tried to get people to walk off a cliff, and they could not do it because their brain just said, “No, I can’t do that”?
Don’t go too broad — Earlier, we mentioned that a benefit of affiliate marketing is that affiliates get to choose the products they sell. Because affiliates are building out their brands, they shouldn’t cast their nets too wide. There are affiliate opportunities for everything you can think of: technology, fashion, health, fitness, and even dog training. If you’re trying to get into affiliate marketing, try and stay relatively within a certain niche.
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Imagine how you would feel if you opened your business on that first day... and nobody came. Unfortunately, that's the way it is on the web. There are millions, if not billions, of websites, all competing for people's attention. A great looking, dynamic website doesn't mean a whole lot if your customers don't know about it. Through techniques like search engine optimization, blog writing, and pay-per-click advertising, your website now has the tools to push its way past the distractions and in front of your potential customers.
Another way to find this information is to do a simple Google search. For example, one could place the following phrase into Google Search: “(product name) + affiliate program”. (Replace “product name” with the name of the product you are promoting.) There is an interesting chrome addon called Affilitizer is available which makes this process easy.
Interpersonal relationships have been crucial to the success of Murphy’s program. She frequently consults with top affiliates directly to keep communication open. She’ll also adjust her product mix and merchandising to increase conversion rates to drive mutual profitability and long-term value. CrazyForBargains takes these key steps to stay active in the affiliate community:
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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.