A critical first step in making more money is determining your reasons for making the extra money. It could be that you want to earn enough money for a down payment on a new car. I heard that Mercedes has a new offering on the sleek S-Class series. Maybe you want to take a well-deserved vacation. The average cost of vacations is $ 4,580 according to cnsnews.com. You may want to save for a wedding. Weddings, by the way, cost a whopping $ 28,400 on average according to money.ccn.com. It may be that your children are pestering you to create or add money to their educational fund. The costs of education are skyrocketing. College costs have risen 500% in the US since 1985, according to Bloomberg.com. The reason could be related to debt. The average credit card debt per adult in the US is $ 4,878. The money you earn could be used to pay off your credit card debt or pay medical bills. By the way, medical bills are the leading cause of bankruptcies in the US according to cnbc.com.
It is essential for write your reason (s) now. Please get a pen and paper and do so before continuing.
Next steps –
- Set your goal. A goal is a desired outcome that a person plans and commits to achieving a desired personal or organizational end point in some type of assumed development. A goal is something you put in writing with a specific amount of our result and a specific deadline or deadline. Your goal could be to earn $ 5,000 in 30 days as an example. Or it could be earning $ 50,000 in 3 months. It is your goal.
- Define the objective. The objectives are closely related to the goals. And the two terms are often used synonymously. But the goals and objectives are different. Goals are specific, measurable milestones that must be reached in order to reach a goal. In this example, your goal is to find people interested in buying products and / or services and sell those products and / or services to them at a price they can afford.
- Create a strategy. With your goal and objective set and in writing, you can now proceed to strategy. A strategy is a plan of action designed to achieve your objective and goal. Strategy is a high-level written statement of the methods you will use to achieve your goal. In this example, your strategy will be to use affiliate marketing opportunities and a blog to bring buyers and sellers together. When a sale is made, you will earn a commission.
- Develop your tactics. Tactics are specific actions necessary to accomplish a strategy. Tactics are what you do, and for each strategy, there are a number of tactics. You will use various marketing techniques to attract buyers to your blog. Social media marketing techniques, article marketing, video marketing and other techniques will be used.
What’s affiliates marketing? Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for every visitor or customer brought in by the affiliate’s own marketing efforts according to Wikipedia. It is a function of electronic commerce. By the way, total e-commerce spending in the United States will hit roughly $ 262 billion this year, up 13.4% from $ 231 billion last year, according to a new projection from Forrester Research Inc. Affiliate marketing is a low risk, high return strategy for online marketers. US Affiliate Marketing Spending Will Hit $ 4 Billion In 2014 And Increase At A Compound Annual Growth Rate Of 16% From 2009 To 2014 According To Forrester Research Inc. By Becoming An Affiliate Marketer You Are By connecting to this exchange of buyers and sellers and you are giving yourself the opportunity to earn a lot of money.
Some of the top affiliate marketers are raking in more than $ 2 million a year. There is a lot of money to go around, but there are no promises that you will make $ 2 million a year from the start. However, if you are committed to the process, you can earn a full-time income by working part-time hours.
Okay, so the next step is to identify the industries you want to help. You may be inclined to decide based on your personal interests. You may have read that a particular industry is about to emerge. There are many industries that offer affiliate marketing opportunities.
The renewable energy industry may be of interest to you. There are many products that are available online such as solar powered flash lights. By the way, when was the last time you saw a solar powered flash light at Wal-Mart or your local sporting goods store? They are incredibly difficult to find. Many people who enjoy the outdoors would save a great deal of money on flashlight batteries and fuel if they had flashlights and solar lanterns. This is just one example of items that people will be happy to buy from your blog.
Another example is personal financial services. Millions of people are struggling with their personal debts and need solutions to help them recover financially. By offering people credit card debt reduction services or mortgage refinance services that they cannot get locally, you are helping them regain control of their life and they will get paid in the process!
Maybe you love to travel or wish you could travel more. Providing travel packages to exotic locations can float your boat, so to speak.
Providing health-related products or services to millions of people looking for ways to lose weight and lead a more active lifestyle. There are many options to choose from and many ways to earn money as an affiliate marketer in most industries.
The next step is to create a blog so that you can inform people about products and / or services that will improve their lives. There are many companies that offer free blog space or you can buy blog space. It depends on your budget and your technical skills. Take a day or two to learn how to blog and how to add blog posts to your blog.
Write some posts detailing information about your industry and the products and / or services that will soon be available on your blog. Make sure your content is informative and interesting. The last thing your visitors will want to read are cheeky ads.
Next, apply to become an affiliate marketer for companies in your industry. Use Google to locate the providers of the types of products and / or services you have selected to sell and complete your affiliate marketing request. You will receive a response within 48 hours in most cases. Make sure to keep track of which affiliate programs you have applied for and what the result of each application is.
You can then start adding affiliate links to your blog for the products and / or services you want to sell. Try to balance your blog with content and ads. A general rule of thumb is to load your blog with 70% content and 30% advertising. Another tip is to offer products and / or services that give you a good range of commissions. In other words, include high, medium and low commission items on your blog to have a good mix. You can sell several of each over the course of a day and having the right combination will allow you to reach your income goal.
Now is the time to market your blog. People will learn about your blog through your marketing efforts. Your marketing plan should include social media (Twitter, Facebook, YouTube, and others). It should also include articles and e-books, as well as SEO (Search Engine Optimized) blog posts.
Write a list of keywords that your niche is likely to use to search online for the information and items you are posting on your blog.
Spend at least an hour a day marketing your blog. Be sure to include the list of keywords you just wrote for your Twitter searches. Follow people who are industry leaders, as well as people who appear to be new to the industry. By the way, industry leaders tend to have many more followers than newbies.
There are many Twitter tools available that you can use to reduce the time it takes to create, maintain, and communicate with your Twitter followers. Search Twitter lists related to your industry and create a list for your account.
Use online automation tools to deliver your blog posts to your target audience to reduce the amount of time and effort required for tweets.
Include a Facebook fan page in your marketing plan. Create a Facebook fan page and add relevant content and photos. Post snippets of your posts on the fan page to pique the curiosity of Facebook visitors and encourage them to visit your blog.
Articles and videos should also be used to promote your blog. Ideally, you should write one or two articles each week. You can convert the article into an e-book and even a video after the article has been published. Set goals for your marketing plan and adjust your efforts until you reach them. I’ve written other articles as well as blog posts with detailed instructions on how to write articles, set a social media marketing plan, conversion goals, and create an overall online marketing plan, as well as other tips and tricks.
Replace underperforming affiliate programs with other programs until conversion rates are at acceptable levels.
Keep marketing, measuring, and adjusting until you’ve met your traffic, conversion, and revenue goals.
In short, when you identify the reasons for making more money and have clearly set a goal in writing, you can proceed to creating goals, strategies, and tactics to reach your goal. Monitoring your progress on a daily basis and making adjustments will keep you on track. E-commerce is here to stay and there is a surge in growth just before the holiday season, but any time is a good time to start. Startup costs should be around $ 50 or less, depending on the blog service you use and other blog-related items you choose.
The two most important things to remember is that you need to align yourself with the people and resources who will assist you at any point in the process, and you need to start now.
“Alone we can do so little; together we can do so much” – Helen Keller
“You can be late, but time won’t.” –Benjamin Franklin