Learning how to make extra money on the internet is easy. Figuring out what to do to make extra money on the internet is not as easy.
There are hundreds of categories that can be split into thousands, if not tens of thousands of ideas. This guide on how to make extra money on the internet, with a special focus on affiliate marketing. There are many other ways to make money online, but we will include a lot of affiliate marketing programs because:
- Some pay very well.
- You can automate them much easier.
- Very low start-up cost.
How To Make Extra Money With
Think of affiliate marketing as commissioned-based sales.
The 3 basic steps in affiliate marketing
- You recommend a product or service to people (your followers or people you know).
- Some of those people purchase the product or service based on your recommendation.
- You get paid a commission for those purchases.
That’s it. Simple, right?
~Amy Lynn Andrews
A company creates a product and commissions people to sell it for them in exchange for a percentage of the sale. Amazon, Best Buy and other major retail outlets have affiliate programs. That's right, you can set up an account with say, Best Buy, start selling flat screen TVs, and earn about a 4% commission. It is the affiliate marketer's job to send people to an offer to Best Buy, and if that prospect buys, they earn a commission.
Now, that is affiliate marketing at its very basic function. Here's the thing about affiliate marketing.
[bctt tweet=”Affiliate marketing is a science, AS WELL AS an art. #affiliate #marketing”]
After I left eBay as a seller to go after the bigger financial fish (as well as score a more stable income) I learned the hard way just how tough affiliate marketing can be for beginners. I persevered, and earned thousands of dollars per MONTH, but it still wasn't enough.
That is because you need a lot of traffic to be able to sell affiliate products.
Think of a funnel
- 1000 people come to your website.
- 100 optin.
- 1 buys.