This is the final installment of Ways Of Making Money Online. Check out part 1 (buy/sell products/services) and part 2 (advertising revenue). The last type of making money online is through affiliate marketing, commission revenue. You can usually see the result a lot faster than the route of developing a website earning advertising revenue. Please note… faster doesn’t mean easier.
Affiliate marketing, you earn commission revenue by promoting other merchants products/services. The merchant will pay you for a commission for a sale, a lead, a subscriber or a specific action such as zip code submit. An affiliate marketer with no established site, usually setup a brand new site target specifically for the products they are going to promote. Then setup advertising campaign through advertising network such as Google Adwords, Yahoo Search Marketing, etc, to drive traffic to the site. For a properly tuned advertising campaign, you will usually have more commission revenue than the expense on the ad campaign.
The best part of making money through affiliate marketing is… you do not need an established developed website to make lots of money. The worst part is the risk is losing your advertising money and the effort spent as you have to keep tuning your ad campaign until it works. Most people gave up at the part tuning the ad campaign. We have to keep in mind… those successful affiliate marketers lost lots of advertising dollars through testing, testing and testing until they reach the stage of shaking leg in front of the screen watching the profit figure grow. Well, every business involve risks. No Risk… No Gain.
Opportunities
Google Adsense Referral, Commission Junction, AzoogleAds, Linkshare, Clickbank are some of the popular affiliate network.
Conclusion
Web entrepreneur making money online do not based only on 1 type of revenue… usually combine multiple types. There are pros and cons of each. Some require more technical programming skills, some do not.
These 3 parts are actually meant for newbie who have no idea what are the avenues of making money online. There are a lot more complex business model to earn money online. Choose one that you think you can do it. Jump into it… whatever it is, don’t give up. Determination is the thing.
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