Earning an income from affiliates

Earning an income from affiliate marketing is a great idea for not only the person who has affiliated themselves with a business but also the business itself, it's also a simple idea. 

Why would it be great for you?

Well first off you can earn an income without having a product or service (except that your service is marketing to the business or businesses you've affiliated with). You sell the products and/or services of the business and once the sale is made you then get paid commission on that sale. If you are using the internet to market the products and services, essentially you can earn an income while you sleep as the internet and your website never 'close'. Of course their are no fixed targets or time that you have to work either.

How it works:

You can sign up to any businesses affiliate scheme for free via their website, you'll then be given a unique URL or web address such as www.affiliate-company.co.uk/yournameorid you copy this ID or banner onto your website so that the business can track who the prospect customer has come from and who to pay the commission to. I affiliated to a few sites including Amazon which you can see in the books and audio section of this blog and in the useful links section too. 

Sounds easy right, well maybe but you do need to put in the work on a relevant website that people will want to go to and then spend time on, so you'll need a site that has value to people and that they'll keep coming back to, they then need to click through and buy the product or service, which means you essentially need to get thousands of visitors to your website first and on a regular basis.

This is all better for businesses that run an affiliate scheme because they've spent no money on marketing and it's cost them nothing until the sale is made, as opposed to traditional marketing or Pay Per Click (See last post). This allows a business to have a lower price for the product or service than a competitor as they now have a fixed cost for growing the business (assuming this is their only route to market) or to earn a bigger profit if they keep the price of the product or service the same. So if you are already running a conventional business it may be worth considering running an affiliate scheme alongside your other marketing activities.

To your Success

Paul

Want to earn income while you sleep?

What would it be like if you could earn money without leaving the comfort of your seat in front of your PC? or even earn money and increase your wealth while you sleep? or earn money while you're doing something else to earn money!
Well you can with Google Adsense. So what's Adsense all about? Businesses all across the world advertise with Google Adwords, Google's advertising programme, they advertise to their target market and when someone searches for a 'keyword' their ad will be shown in the search on Google at the top of the page and on the right hand side of the page in the 'sponsored ads' boxes, every time you click on an ad the business pays for that click, not for it being shown. This is great as it is very targeted so the business only pays for people who are potentially interested in their product or service.
What's great is if you own a website or blog then you can use Google's Adsense programme to have these Ads shown on your site, when a visitor to your site or blog clicks on an ad to go to the site that's advertising with Google  Adwords you get paid a percentage of the income that Google makes from that click.
Adsense will only show ads on your site that are relevant to the content on your site so if you have a site for your business and use Adsense it's likely your competitors ads will be show and then you could lose business however you will be earning money from your competitors which is pretty cool. The best thing to do is to develop a site that is about something you are interested in like a hobby.
You do need to have content on your site that will be relevant to the viewer or Google may not let you run Adsense on that site also you want people to keep coming back to see new content. Once you've set up the site you then only need to do a bit of maintenance and update the site and promote it on social media sites and maybe even your own PPC campaigns but the rest is pretty much automatic. 
One thing to be aware of is don't click on the ads on your own sites as for obvious reasons Google don't like that and will ban you from the Adsense programme if you're getting an unusually high amount of clicks, also this is essentially theft.
Once you have a site up and running you can then earn other income through being an affiliate, which I'll talk about in another post.


To your success
Paul

Work once - paid forever.

One of the best way to create a great income on your path to wealth is to create a product that can sell over and over again without you having to do any more work on it and therefore create a residual income, especially if you can create an automated sales process or have other people (affiliates) selling for you. This product for instance can be a book, CD/CD ROM, or DVD, it should be something that people need and they will want to pay for. If you can create a product or service that your customer or client will use over and over again and pay you for it on a regular basis that's even better. 


A great question you can ask yourself is:
What can I sell at a premium price that is of greater value than the price that your client/ customer paid for it? 


It's my belief though that if you're selling the product for £20 it should be worth at least double that to the client/customer, so that if asked (in theory) they would be willing to pay that. Of course the product shouldn't cost you anything near that £20 to produce and market, so you can make maximum profit.


Of course once you've got a list of clients/customers you can then create another product or service to upsell to them, and once they have used your last product/ service and seen the value to them, why wouldn't they buy again.


To your success
Paul

Are you 'Towards' or 'Away from' - financial freedom?

You're reading this because like me you're not wealthy (whatever that means to you) yet! It may even be that like me  you have some debt.


Now for many people thinking about that debt and worrying about it, how they may get out of it, has a tendency to keep them in debt and never get to a goal of wealth. For people who say things to themselves such as 'I don't want to be broke', 'I don't want debt' is called having an 'Away from' strategy, the thing with this kind of thinking is that they are still thinking about the negative side of finance and even using the statement 'I want to be debt free' isn't the answer! this is because the word 'debt' is a negative one and the unconscious mind picks up on this and then delivers what we think about most!


A much more positive way of thinking is to use positive phrases such as 'I want to be financially free' or 'I am working my way to financial security' this is known as a 'Towards' strategy. If you imagine a line with 'Away from' at one end and 'Towards' at the other end, when you think about your current wealth situation and the statements that you make, you'll be somewhere on this line. The trick is to make your statements more 'Towards' than 'Away from'.


Reframe
If you are in debt and when you think about it and think about paying it off, if it brings up negative feelings is to reframe that thought, a great reframe is to think of that debt that you are paying off as if you are paying off for your education, however much it may be and whatever the circumstances may have been for you getting into your situation, thinking of it in this way takes the edge off think of it as a learning experience and then allow you concentrate on a time when you'll be financially free. This reframe certainly works for me, and I'm sure you can come up with your own reframes and let me know.




To your success
Paul

So where am I in my Journey?

While I've read a bit on wealth and wealth creation over the last few years, really I'm just at the start and still learning and looking for a means to become wealthy. 

I believe that it is easy to make money and become wealthy which differs to the common held belief with wealth.

I started an electrical business back in 2005 and employed people too but totally lost heart in doing it in 2008 and then got into debt in 2009, while I still run the business, I do so with a view to closing it in the future or selling it on. At the end of 2008 I joined a Direct selling/ Multi Level Marketing business (see last post) and have been growing that ever since and I'm currently doing a NLP (Neuro Linguistic Programming) Master Practitioner  Certification and I'm currently working to get a business off the ground in that area.

The goal is to then create other income streams and some ideas are to write some books, set up affiliate websites, savings, investments and property.

Whatever happens I hope you'll enjoy following me on my journey and find tips that help you on your journey to wealth.

To your wealth

Paul

Multi Level Marketing Business

In 2008 I joined a business industry called Multi Level Marketing (MLM). MLM comes under different names such as Network Marketing, Relationship Marketing and direct Selling. Companies use MLM as a route to market rather than advertising on TV, radio and papers and magazines which can be expensive. Entrepreneurs who become involved in MLM become what is know as distributors to sell the products and services of the company they are then compensated for doing so. They also find and recruit other people who want to do the same and build a team they are then compensated for doing that too. 
By doing this the costs of the company are reduced as the cost of acquiring a customer is known because the distributors do not get paid until a sale has been made as opposed to advertising where the cost of a customer is not known until the sale has been made, therefore the spend that would normally be spent on marketing is shared between the distributors of the company
By building a team a distributor can build a residual income so whether they work or not they still get paid.
Unfortunately some people who join an MLM business believe it to be a get rich quick scheme and think that they will not have to put in effort to build their business, they then blame the business when they fail instead of their own laziness. It does take time effort and commitment to build an MLM business as it does any business and the rewards for those that do are great, more millionaires have been made from the MLM industry than any other.
MLM is a great way to build your wealth but to be truly wealthy do you need to have millions in the bank or would an income of £2 or £3,000 coming into your bank account every month just like when a writer gets paid a royalty for writing a book or singer for writing a song be okay?


Paul




PS. See more about my MLM business here

the Big Idea

I have had many ideas in the past for growing my wealth but I have come up with one in the last few weeks that I believe to be the best, It's a simple one and also one that can help many people and I believe that, that is the key to growing wealth, not just having great ideas but having ideas and ways that are valuable to others and help many people, Unfortunately I can't say what it is yet but I'm really excited about it.

This post though is about ides, helping others and giving great value for if we are to achieve the wealth that we desire then then reaching that goal lies in keeping an open mind for opportunities or niche in markets that you can seize and convert into money and that will help others get to whatever their goal is.


Reading great books is key, books that help you to develop personally and in business and reading the biographies of people you admire so that you model what they do, when you do that by adopting their attitudes and actions you can become successful.


The key with many ideas though is to keep going and if it fails at first take what you learn from it and change your approach, in NLP there is a presupposition that says 'There is no failure only feedback' this means that even if you have at first failed you've still had a result, you can then use that result to carry on and get the result you want. Edison had thousands of attempts at perfecting the lightbulb and at one point almost killing himself and a friend in an explosion but he carried on until he'd reached hiss goal.


So never give up on ideas that may help others and bring value as that is where success lies.