Jerod Morris: To kick the discussion off, you and I exchanged a few thoughts on an article that we read. It’s a ZDNet article that was talking about some research that Accenture did that basically found that new and emerging technology has the potential to help create up to 10 million new jobs for young people as entrepreneurs around the world step into the role of ‘digital entrepreneur.’
These individuals who are now known as Internet marketers experienced the benefits on this home-based business opportunity. They are free from the hassle and pressure of working on office or factory, enjoy the flexibility of their working hours and stress-free environment of their homes, and spend most of their time with their respective families. Many of them started their new home business, run it, and produced revenues which sometimes make them decide to either quit their regular job for good or do not look for a regular job in an office or factory at all.
When beginning your affiliate marketing career, you’ll want to cultivate an audience that has very specific interests. This allows you to tailor your affiliate campaigns to that niche, increasing the likelihood that you’ll convert. By establishing yourself as an expert in one area instead of promoting a large array of products, you’ll be able to market to the people most likely to buy the product.
Working from home means literally doing my work in my home. There’s no physical separation between my personal and professional life, no clearly set times when I’m “on” and “off” one or the other. I love being able to make my own schedule, but that flexibility is also my downfall. If I’m not strictly disciplined with my time, which is not exactly my strong suit, it’s too easy to blur the lines between work and home. I tend to work in spurts here and there throughout the day and evening, which makes it feel like I’m working all day, even though I only work part-time hours.
In the past, large affiliates were the mainstay, as catch-all coupon and media sites gave traffic to hundreds or thousands of advertisers. This is not so much the case anymore. With consumers using long-tail keywords and searching for very specific products and services, influencers can leverage their hyper-focused niche for affiliate marketing success. Influencers may not send advertisers huge amounts of traffic, but the audience they do send is credible, targeted, and has higher conversion rates.
Jerod Morris: Okay. Getting back to the initial question for this episode before we move forward, just so we’re clear on who is the digital entrepreneur, who’s the person that we’re talking to. Is it as simple as saying that the digital entrepreneur that we’re talking to is someone who has created or has the desire to create a digital product or service that is marketed, delivered, and supported completely online? That’s our definition of digital commerce. That’s the person that we are talking to here.
There are plenty of guides to marketing. From textbooks to online video tutorials, you can really take your pick. But, we felt that there was something missing — a guide that really starts at the beginning to equip already-intelligent professionals with a healthy balance of strategic and tactical advice. The Beginner’s Guide to Online Marketing closes that gap.
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Great article, thanks. I’m a Mom of 4, now a hands-on Nanna. Pretty hard to get things done when your kids are small. When my oldest was being bullied at school I desperately needed money to pay for an alternative private school. So I became an ethical dog breeder. Twenty seven years on I’m still doing it and reckon it beats most other options out there hands down.
An important step is to get out and talk to prospective publishers and business partners. Do they participate in affiliate programs already? What has the yield been in terms of performance? What are the typical revshares that ad networks are taking? What are typical conversion rates? What would be the incentive for publishers and business partners to promote your products and services?
Tech City UK, the organisation that promotes the growth of the UK’s digital tech sector, offers the Digital Business Academy (DBA), a free online college covering a range of topics including marketing, entrepreneurship, product development and financials. The programme was recently redesigned into 56 bitesize courses that are optimised for mobile and take 15 minutes to complete. Students can choose the exact skills they want for their particular business goals.
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.