A majority of the money I will make will be via affiliate marketing – but what on earth is Affiliate Marketing? Basically, if you send traffic ( visitors ) to a transactional website, and the visitors you send then make a purchase, you receive a commission payment. Sounds simple!
Think of how Avon works – the lady drops of catalogues, if you then buy some Avon products via her, Avon pays her a commission fee based on how much she sales – affiliate marketing is exactly the same!
There are affiliate programs for just about everything you can imagine – poker, bingo, dating, flowers, insurance, groceries, gaming, music downloads – you name it and there’s an affiliate program for it.
Some industries are much more competitive than others – for example, online poker is massively competitive because the commissions involved are high. On the other hand, a site selling wooden aeroplane models wouldn’t have the same level of competition – because the commissions are lower and because there isn’t the same level of people looking for that product!
During the course of the next year, i’ll be dipping into lots of industries – i’ll reveal everything in my blog. A great scenerio would be to earn £1000 a day across 100 different affiliate programs – why? Because if any one program stops performing well, i’m only losing 1% of my revenue. If I make £1000 a day all from one program, and then the program shuts down or changes its commission structure – I could be stuffed. So i’ll definitely be looking to spread my risk!
If you want some more info about affiliate marketing, I think Wikipedia sums it up well here : Wikipedia Affiliate Marketing Link
Tags: affiliate marketing, commission
