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Archive for the ‘Affiliate Marketing’ Category

How To Make Money With Social Media

I wanted to show you this video. It was recorded during a workshop for the annual miniEnterprize Canada conference. The venue was University of British Columbia. The speaker in John Chow. If you don’t know who he is you should really get to know him. He earned $500,000 in 2009 from his blog JohnChow.com. He knows his stuff.

The $75,000 Per Month Business

This is a truly inspirational story. This is an excellent example of someone who took something they knew and made a business out of it. And he did it by accident!

I want to tell you about a guy named  Jacob Hiller. He wrote an ebook called “The Jump Manual”. It teaches people how to jump higher. For those who don’t know, this is very useful for athletes especially in basketball and volleyball. He began creating very basic  youtube videos and a quick free guide on how to jump higher. As it turns out, this was in high demand, that’s when he decided to make a full paid ebook. Once his ebook was released in Clickbank, affiliates started promoting it very hard.

Clickbank is a secure online retail outlet for more than 70,000 digital product vendors and 110,000 active affiliate marketers. It’s a great place to start a business.

Jacob didn’t start out to build a business. He talked about something he loved and people responded. Once he saw the demand he created a product that people gladly paid him to get because he provided a solution to their problem. Now go and do likewise.

Some Highlights
Average sale for affiliates from Jacobs ebook is $52.52
His ebook cost the customer $67
He’s made over 1 Million from his book
($ 1,000,000/$67 = 14,925 books sold)
He’s now making over $75,000/month

Why You Must Have Multiple Streams of Income

You know, one of the drawbacks of having a job is that it doesn’t leave much room for additional income. You work 40+ hours a week and your salary is the most you can make. Now, you can do some side gigs, etc and make some money. But the fact is, because most of your time is focused on a job, you can’t do much. Also, there is no such thing as job security. At any moment, anything can happen to force you out of your job. Whether it’s being fire, laid off or otherwise. And when that happens your income stops.

Conversely, when you build online business, you can have multiple streams of income. In fact, you need to have multiple ways of making money. With an online business or any business for that matter there is no guarantee that when you start making money, you will keep making money.  You need diversify your portfolio. This approach works really well.

Smart Passive IncomeLet’s say you have one source of passive income. For example Google Adsense. You are making good money with that but one day your website goes down. It gets hacked or some unforseen  thing happens. Now you will make less this month from Google Adsense because of it. But if you had numerous ways of making money it wouldn’t be that bad.

Take Pat Flynn for example. According to his blog, he is a 27 year old dude from Southern California who makes a living on the internet. He earned $17,905.88 this past October alone. How did he do it? By focusing on selling a product?  No. He is doing many things to make money. Some of the things are promoting affiliate products, selling his own ebook, and selling iPhone apps. Check out his income breakdown of this past month.

3 Top Ways To Find Affiliate Programs

Spot shopping guide

Affiliate marketing works best if you are referring products that are targeted to your audience. You can’t just find sign up for an affiliate program for hunting gear and expect the 18 year old college girl from the city is going to buy. So where do you go to find the best products to refer? I’ve laid out some tips for you.

1. Affiliate Networks

An affiliate network acts as the middle man between publishers (affiliates) and merchant affiliate programs. It allows website owners to more find and sign up for affiliate programs which are related to their website. It also allows websites offering affiliate programs (usually online merchants) to reach a larger audience by promoting their affiliate programs to all of the publishers participating in the affiliate network. You can literally find tons of programs for you to join all in once place. This really saves you  time and energy.

Top Affiliate Networks: