Affiliate Internet marketing can be an extremely lucrative way to create passive income, but it’s important to promote the right products. Select the wrong products, and you’ll just waste your time and efforts. The point is to put yourself behind products that sell, and that pay you well in exchange for your marketing. Here are important things to consider when choosing an affiliate Internet marketing product to sell on your website.
Type of product
You basically have three options for affiliate marketing: selling a physical product, an information product, or cost per acquisition (CPA). Physical products can be just about any tangible object: a book, a starter kit, a hydroponics system, etc. Information products are often digital downloads of an information marketer’s e-book. Physical and information products pay out each time someone makes a purchase through your website. CPA programs pay a commission whenever someone submits their contact information on your website.
Commission
You’re in this to make money, so don’t bother with any products that pay peanuts. Choose an affiliate Internet marketing product that pays a high commission; 50% is a pretty good rate for information marketing products, and anything approaching that number is excellent for physical products. Imagine making $50 for every $100 item you sell – those commissions will add up quickly, and that’s the goal.
Some products are subscription-based and will pay you a commission each time a customer renews. For these kinds of products, it makes sense to accept a slightly lower commission rate because it could pay time and time again. CPA programs that pay a buck or two for each acquisition can also add up fast.
Sales page
Affiliate Internet marketing products normally come with prepared sales copy that you are required to use on your website. Strong sales copy should be long, thorough, and convincing. If you don’t feel compelled to take action after reading a product’s sales copy, then customers won’t either – keep looking.
Multiple products for the same market
Choosing a market that has demand for several possible affiliate Internet marketing products can multiply your profits. Periodically switching from one product to another can not only keep fresh traffic coming to your website, but turn customers into repeat buyers.
Affiliate Internet marketing requires methodical effort to continue selling products and making commissions. Establishing a routine for maintaining the website and keeping the traffic flowing can lead to a big payoff in the form of continued passive income. Your routine may only require a few hours of your time each month – and that’s especially true if you can find reliable outsourcers to help out.
Passive income can make it possible for you to pursue other interests and business ventures, and it’s the key to becoming financially independent. Making money when you’re working out at the gym, lying on the beach, or even while you’re sleeping is often the stuff of dreams, but affiliate marketing makes it possible.