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Affiliate Marketing - Creating Multiple Streams of Income
Creating multiple streams of income
is an important factor when considering any type of
business. Affiliate marketing is no exception. By creating
multiple streams of income it ensures your survival
should one source fail for any reason.
Having multiple streams of income can
be equated to McDonalds serving chicken sandwiches even
though they're a burger joint. If you put all your eggs
in one basket you're just looking for trouble. Also,
as an affiliate it's fairly easy to setup multiple streams
of income because there is usually an abundance of different
programs with decent products available.
Within most niches you'll probably even
be able to find products that complement each other
instead of competing with each other. This is an excellent
way to bolster your affiliate earnings.
The first order of business is to get
your own web site. Something basic will do as you won't
be needing too much web space. There are very inexpensive
hosting plans available today, some as cheap as $3.95
a month.
Next you'll need a domain name. These
are also very inexpensive and can be purchased for under
$10 for a whole year.
Your domain name is very important.
You'll want to try to include the name of the niche
you're targeting in the domain name itself if you can
and if it's not too long. If you're looking at the dog
grooming niche for example you may want a name like
"doggroomingtips.com" or "doggroomingsecrets.com"
or something similar.
The next project on your agenda when
attempting to achieve multiple streams of affiliate
income should be to create your email capture page.
Your capture page should be your top
priority. Consider this your sales page even though
you won't be selling anything in the true sense of the
word. By capturing the name and email address of your
prospects before sending them to the merchants site
you'll build a list that you can send other offers to
whether they purchase from the original merchant or
not.
It's been said many times by the internet's
top marketers, "The money's in the list"!
This rings true for affiliate marketers as well as product
creators. You can build a list by writing a special
report pertaining to the niche you're targeting. Perhaps
you can write a review of the product you're promoting
or a "top ten" list of reasons to use the
product. Offer the report for free so long as your visitor
leaves their name and email address. Use a double opt-in
autoresponder to protect yourself from unethical folks.
After the prospect has confirmed their
address send them to the download page of your special
report. And a word of advice - Don't just send a download
link. By sending them to an HTML web page you can sprinkle
in links to different affiliate products.
Also, write up 7-10 emails to go out
at 2-3 day intervals, each highlighting a different
aspect of the main product you're promoting. Then you
can add more emails to go out at 7-10 day intervals
exposing your readers to different products in the same
niche. Explain how these products complement your main
product and why your reader would benefit from the purchase.
By setting up a few of these simple
sites offering an array of special reports in one niche
you'll be promoting several different affiliate products
within that niche.
Find a variety of other profitable niches
to target, repeat the above process and soon you'll
have a whole network of sites funneling prospects into
your sales process. The result -You'll soon have multiple
streams of affiliate income in several different niches
producing substantial income.
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