How to find new ways to make money

How to find new ways to make money

Lesson Details:
July 30, 2020

I: Introduction

A: Make money with affiliate marketing

Affiliate marketing is the simplest way to make money. It is a type of advertising in which you get paid when someone clicks on your link. The best thing about affiliate marketing is that it doesn’t require any technical skills. If you have a computer and internet then you are ready to earn money. There are many ways to earn money through affiliate marketing. You can promote products, services, blogs, websites, etc.

II: Body

A: How to find new ways to make money

There are many ways to make money through affiliate marketing. You can promote products, services, blogs, websites, etc. You can either promote products or services or both. The simplest way to make money through affiliate marketing is to advertise other people’s products for free. If you are promoting products, you will get paid when your visitors buy something using your affiliate link. If you are promoting services, you will get paid when your visitors join the service using your affiliate link. Affiliate marketing is very easy to implement for everyone because there is no need to build an actual product or service. Just by promoting other people’s products or services one can earn thousands of dollars every month. So this is the simplest way to make money through affiliate marketing.

B: Ways to earn money through affiliate marketing

1) Promote products

You can promote products on your website or blog. To do so, you should purchase products from Amazon or any other e-commerce site using your credit card. After receiving the product, take some pictures and write a review about the product. Then place the link on your website or blog and start promoting it to other people. You will get paid when someone purchases that product using your affiliate link. The commission rate varies from 1% to 10%. But it depends on the quality of the product and your effort in promoting it. So if someone likes your review and buys the product using your affiliate link, you will get paid 1%-10% of the total price. For example, if someone buys a product worth $100 then you will get 1%-10% of $100 as commission. So if the commission rate is 5%, then you will get $5 as commission for that sale.

2) Promote services

Services like consulting, coaching, online courses, etc can be promoted using affiliate marketing as well as products. You can promote such services on your website or blog and make money by taking a cut from the total price. For example, if you promote an online course on your website and someone buys it using your affiliate link, then you will get paid a certain percentage of the total price as commission. If you want to promote such services and make money from it then you should create a separate website for them and fill it with content. This will help you in branding yourself as an expert in that service and people will trust you more than just an advertiser. You can also create a separate Facebook page and Twitter account for that service and start interacting with people who belong to that niche. Though it takes time and effort to build a brand, but once done it will help you in generating leads for the product and making more sales in the future as well.

3) Track and optimize your campaign

The above two methods work extremely well but they might not always work and they may not always bring what you expect from them. So you should always track your campaign and optimize it based on your experience and research. You can use Clicky or Google Analytics to track what works for you and what doesn’t work for you using different tracking codes for each affiliate link. These tracking codes can be added before or after the affiliate link depending on the affiliate network you are using. For example, if you are using Reklamia Network, then you should add a tracking code before the affiliate link as shown below: . Though adding this code before or after the affiliate link won’t affect the performance of the campaigns but adding it before the link will help you understand more about your visitors and targets. In order to optimize your campaign, you can log into your account at an affiliate network and see the statistics of each campaign including total sales made through that campaign, total sales per day/week/month/year, total sales per visitor, average sales per visitor, sales per visitor from specific countries/states/cities/etc., total sales by country/state/city/etc., etc. To maximize your revenue it is important to sort out which campaigns are performing well and which are not working for you at all . Based on the statistics provided by the affiliate network , choose those campaigns which are working well for you or those which are not working well for you at all . You can also analyze how each campaign performs during different times of the day or year using different tools like Google Trends or Google Insights for Search . Based on these stats one can optimize their campaigns accordingly which will help them in bringing more people to their website or blog to view their contents or purchase their products or services . So this is how one should track their campaigns properly in order to maximize their earnings through affiliate networks . Though tracking every single detail about each campaign is very difficult but tracking basic stats will help you in optimizing your campaigns .

III: Conclusion

So this is how one should do affiliate marketing for making money online . I hope my article helped you in learning how to start affiliate marketing business so that you can earn money easily without any hassle . Feel free to drop me a line if you have any questions regarding this article . Happy earning !

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