Many of my customers are brand new when it comes to creating an income, and of course they are unsure how to get started.
I've been there, done that.
My best advice to these folks is usually affiliate marketing. It can be one of the best ways to get started. It's also a great way to learn the ropes, how it all works, and move on to more advanced online business models in the future. You can get your feet wet, test the waters, without spending much money.
If your not sure what Affiliate Marketing is all about, it's simply the process of selling other peoples products or services.
The Advantages of Affiliate Marketing:
- No dealing with customers
- No dealing with payments
- No dealing with shipping (if your selling physical products)
I personally look at affiliate marketing as a business model with the lowest level of responsibility. Your only "job" is to build a website, place ads on it and drive traffic to your website(s). You visitors click your ads, and if they buy something you receive a commission. The best part is, the affiliate program takes care of the customer.
This post was not about affiliate marketing, but I thought I'd explain it for those that are very new.
Okay... on to the main reason for this post...
You can make great money with affiliate marketing, no doubt about it, I did it for almost 10 years.
But there is a way to step up the profits and that is the main focus of this post.
So let's get to it.
A niche market is the subset of the market on which a specific product is focusing. The market niche defines the product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that is intended to impact. It is also a small market segment.
Little stuffy if you ask me, but I think you get the point. In simple terms it is focusing on a specific small product line.
For example, a market might be Dogs.
Niches for that market could be:
- Dog Training
- Dog Grooming
- Dog Gifts
See what I mean?
Let's do it even better...
You could narrow it down even more to something like these:
- Dog Training Collars
- Dog Chew Toys
- Dog Grooming Shears
Do you see where I am going with this?
Let's look at it this way. If you built a website about dogs, your visitors could stop by for any number of reasons, could be all of the above I've listed and more. This is not focused. And a site like that is going to be tough to make money from because it's not focused. Not like you could put up 100 ads to cover every possible product related to dogs.
Now if you built a website dedicated to Dog Training Collars, this will put you in the driver seat. This site focuses on one small product line so it's a breeze to make money from, you'd have dog training collars for sale. Plus, when done right, the people visiting your site will be looking for what? Dog Training Collars!
This is where the good money is. Narrow niche site with niche traffic, you should see amazing conversions.
Now, some folks are probably thinking, if you narrow the niche your not going to get as much traffic! True, but that traffic should convert much better.
Another idea is to build a number of niche sites. Even if you only averaged $100 per site per month, how much would you make with 10 sites? What if you made $200 a month from each site?
Now we're talking!
So you might be asking, well what niche should I jump into?
No clue, couldn't' tell you. Seriously. I don't' know you.
But... one way to figure that out is to try starting with something you know, maybe a hobby or a passion.
Maybe your a gardener, you could try something like wooded garden sheds, or garden planning books. Okay those are pretty lame, but I know you can see what I'm talking about.
Reason I say to start with something you know or have a passion for, because then you might enjoy it, it won't seem like "work". Who want's that?
Another EASY way to get started, and save yourself a TON of work is to go with PLR Websites. or Amazon Turnkey Stores. These are done-for-you solutions. With these you don't need to "build" a website, or stock it with content or products, it's already been done for you.
Okay... that's it for today. My two fingers are getting tired.
Does this help? Does it make sense? If you you have any questions, let me know and I'll do my best to help 🙂
Smell ya later!