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 online
income, your survival is assured, should one source of income fail for
any reason.
To illustrate multiple income streams, think about McDonalds. They serve
chicken sandwiches and other fast foods even though they're a burger joint.
If you put all your eggs in one basket, you're just looking for trouble.
As an affiliate, it's also fairly easy to setup multiple streams of income
because there's an incredible number of different programs with quality
products available.
The first order of business is to get your own web site. Something basic
will do as you won't need 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. Try to include the name of the niche
you're targeting in the domain name itself if you can as this helps with
the search engines. For example, if you're looking at the dog grooming
market, you may want a name like "doggroomingtips.com" or "doggroomingsecrets.com"
... just an idea.
Next, you need to create your email capture page.
Your capture page should be your top priority. Consider this as 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 merchant's 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 verified opt-in follow-up autoresponder to protect you and them
from spam - Aweber.com
offer you a FREE test drive of what is an extremely powerful tool.
Once the prospect has confirmed their address, send them to the download
page of your special report. And, depending on how appropriate it is,
you may want to consider sending them to another web page to sprinkle
in links to different affiliate products, rather than just sending a download
link.
Also, write up 7-10 emails to go out at 2, 3 or 4 day intervals, each
highlighting a different aspect of the main product you're promoting.
You can then 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 that produce a substantial
online income.
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