Does your current job provide residual income? Just to let you know, having a 9-5 day to day job is definitely NOT residual income. To put it simply, residual income is the continuous income you earn with one time effort.
Let's say you are promoting an affiliate marketing program with article marketing. The article you wrote will always stay in the internet and when your prospects read the article and bought the product through your link, you will earn the commission. And you only write the article once. It doesn't matter it is 3am in the morning or 8pm at night, as long as your prospects buy from you, you earn the money. Try comparing that to your cubicle job.
Speaking of residual income, have you ever thought that affiliate marketing can multiply your residual income? Let's imagine you are reading this where US currency is stronger, remember to multiply the conversion to your income too. And now, I believe you can see the potential of this business. Right?
As the time of this post is written, the conversion for Japanese Yen to US dollar is 1 Yen to 0.010177 US dollar. With that being said, you are actually earning 7369.56 Yen when you make a $75 sale. Now, what I see here is that you are making quite a lot of money with the same effort you put in as other affiliate marketers in US. And looking at the high standard of living in Japan, the money you earn can probably pay off some of the bills with ease.
Next, you can think about joint venture with some other affiliate marketers in your niche. But be sure that you look for affiliate marketers who sell products that compliment yours. Let’s say you are affiliated to digital camera, maybe you can joint venture with affiliate marketers who focus in online photography printing.
There is no point you joint venture with affiliate marketers who sell digital camera too. This is because you are dealing with a direct competitor and that seldom works. Think about this, will you direct your customers to your competitor's website which is selling the same digital camera as yours?
When you joint venture with someone else, both of you actually leveraging on each other customers. And by sharing a link between the two of you, both of you are getting sales from the traffic that you two didn't build. Making money doesn't get any easier then that. :-)
Lastly, you will want to continue to learn about affiliate marketing and explore into different possibilities of making money with affiliate marketing. Affiliate marketing is changing all too often and the one who can make it big in this business are those who can adapt to this change in the fastest speed.
Remember, more and more people are earning their residual income with this business. If you want to be free with how to spend your money, you probably will want to look into affiliate marketing.
Create your success,
Wong Michael. :-)
http://www.beyondaffiliatecash.com/
Remember, making money with affiliate marketing is easy when you know how. :-)
P.S. Building a successful affiliate marketing business can be devastating sometime. Still, you can always talk to me and get more tips of how you can earn your online income with ease.
Friday, June 12, 2009
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