There are more people what want to make money on the Internet than there are people who have a product to sell. The vast majority of would-be Internet millionaires do not have a product to sell. Many of them are perpetually cemented in the idea stage, without any idea of how to bring their idea into fruition.
Many are lost in the fantasy world of becoming the next hotshot and they want to create the next Facebook or Google. They are paralyzed by their delusions of grandeur and geek stardom that they are missing out on the perfect opportunity to earn money.
Affiliate marketing has created more money than most big tech big data ideas. As a cohort, affiliate marketing earns billions of dollars per year. Within the bubble of the Internet affiliate marketing is the easiest way to start making money.
You do not need to create or purchase a product, you simply advertise and market someone else’s product and they pay you a commission or a fee for the leads that you produce. It’s the quickest way to make money on the internet and it requires the least amount of overhead.
The different types of affiliate marketing programs. Affiliate marketing programs are ran in two main ways:
(1) Pay Per Lead
(2) Pay Per Sale
Pay per lead programs do not require that the customers pays anything. It only requires that their information is captured so that the business can market to them directly. You act as a middle-man who introduces the two parties together. This introduction can be done in several ways.
It can be done via email marketing and telling someone about the product and presented them an affiliate link. When they follow that link and leaver their email or some other type of information you are credited with the lead and you are paid a finders fee. You can market these type of offers through social media, SEO or video marketing.
Pay Per Lead is often preferred by newbies because it seems easier than create sales.
Pay Per Sale is exactly how it sounds, you are paid by creating sales. Most of these programs have the same exact mechanics as pay per lead programs but you aren’t paid a commission until a sale has been made. These programs are often more lucrative than lead programs but they require that you can get more traffic and present it to more people.
As you can see, affiliate marketing is a great way to make a ton of money on the Internet. Like all things that are worth your time, it does have a learning curve and it does take work to make money. More people will find success marketing the products of other companies than creating their own product line.
It is also cheaper to run an affiliate marketing business than trying to create your own company with your own products. Mesh this way of earning money with solid marketing skills and you will find success.