I know what you’re thinking; I think it too. Whenever I hear the words, “Make Money Online NOW!” my mind automatically goes to “SPAM” too. But I promise it’s not what you’re thinking.
So, why am I only talking about starting an online business? Well, the reason is the low, low overhead costs involved. Depending on your goals, it may eventually turn into a brick-and-mortar business; but it’s definitely less risky to start online with little or no overhead, build a successful business and then move into a physical location.
But let’s move on to the subject matter at hand.
Yesterday, in How to Start Your Own Business – 3 Surefire Strategies, the first strategy I suggested was affiliate marketing. For the purposes of this post, that’s where I’m going to focus my attention.
When I launched my first website (with the added intention of using it to make a few extra bucks), my first thought was affiliate marketing. I immediately became an affiliate of Amazon and created my own store. I thought I’d make all kinds of cash. Did I? No; because I wasn’t effectively utilizing my resources nor did I have a strategic plan for how to sell the products I was promoting.
So this time around, I decided to focus on just a couple of key products that I use and LOVE: Third Tribe Marketing, GoDaddy and the Frugal Premium WordPress theme (all affiliate links). I promote them on my website with web banners, but I also blog about my experience with them and why I love them. And, I use a marketing strategy known as “Product Launch Formula” (PLF) by Jeff Walker to strategically market these products. Where did I learn about PLF and how do I know that it works? Well, I gleaned it from a seminar I listened to on Third Tribe Marketing. The folks that started Third Tribe Marketing are brilliant and are truly the thought leaders behind legitimately making money online (without being an obnoxious spammer).
The beauty of affiliate marketing is that it doesn’t necessarily take much time, so it’s easy to do as a side business. Or, if you’re already building your new reality, it’s a great way to start creating some initial cash flow so you can then focus your energy on other, more profitable business strategies. So, what’s your next step?
PS – There’s a new FTC law that requires me to inform my readers whenever I link to a product that is not mine but I make money on when it’s purchased. That’s why you see “(affiliate link)” throughout many of my posts. And if you become an affiliate marketer, be sure to do the same. It’s the law.
Related Posts:
How to Start Your Own Business – 3 Surefire Strategies
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