Better yet, you can even upload your own book to one of the world’s largest book sellers: Amazon. With Amazon self-publishing, you set the price, retain the rights to your book, and get access to Amazon’s massive audience. For every sale, you keep 70% with Amazon taking the remainder as a fee. If you want to get started, check out Leslie Samuel's great guide to selling eBooks online or follow Tara Gentile on CreativeLive as she shows you how to use your existing body of work to write an eBook within the next week. Who knows, you might just write one of the best business books of this year!
On MunchEye you can take a peak at the JV pages for these products, and on those pages they often show what the upsell funnel looks like. Some of them are utterly ridiculous, like you pay £4.99 for the front end product but there are £500 worth of upsells. And this is how affiliates are able to make so much money from these launches, because people get tricked into all these upsells.
Basically, anyone who is looking to make money fast should stay away from Wealthy Affiliate. There are plenty of “make money fast” e-books and courses out there, and they are all a scam (trust me). While Wealthy Affiliate is legit, they will absolutely never claim that they teach you how to make money fast. Building a legitimate online business takes time.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? My friend, Mark Jackson did just that, making extra money online with his travel consulting side business. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, and then move on and create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals. Eventually you could spin this into a full-time consultancy teaching people how to make their dream trip a reality.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
Set up a website. Professional or business websites can also use the Affiliate program. However, they are best used with people who do not sell similar products on their website, since Amazon's marketplace can drive business away. If you have a website promoting different products, a club, a non-profit or a service, then you can recommend quality products on your site and make money doing it.
Now next, you’ll want to pick a WordPress theme from somewhere like ThemeForest, Elegant Themes or OptimizePress. This is the barebones design of your site, which you can then customize with your own branding, copy, and images. That being said, you don’t want to cheap out. It costs less than $100 to buy a theme that will make your website look professional (and you can upgrade to a completely custom design once you get the business going).
WordPress comes free with cpanel which incidentally, Kyle at WA told me is outdated. I purchased a reseller account from Greengeeks which will host unlimited websites. Each domain has an independent cpanel which includes a load of free software (including WordPress) All this for only 20 Dollars/month. I recently built a dozen websites all with WordPress using that account. I think it could be done even cheaper if you shop around but I’m really happy with the service I get and no need to change. If you only want one website a cpanel platform from Greengeeks will cost you around 4 USD/month if you pay in advance. Of course you don’t get the “community” that comes with WA but you don’t get the brainwashing or stupid restrictions either.
If you're ready to enter the ecommerce fray, you could sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account like ones offered by Stripe or PayPal. Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
I opened an account with wealthy affiliate 2016 but since then I have not done anything with it since I have to upgrade to premium before I can make money from it…and I happen to come across it again this time. So please I really want to know, if it really works and all the proves are not just mere lies to get people clicking on there links, how long does it take to get money from it. Is it possible to make some reasonable money the same month I upgrade to premium?
Anyway, I’m thankful that I didn’t spend too much time on creating sites there and that I didn’t put any significant content before deciding to leave. I will now peruse some free training and then try two courses that are a bit pricey but seem more useful, The Authority Site System (from the Authority Hacker site), and SEO Affiliate Domination. I’m just starting to read the SEO Affiliate Domination free crash course, and as far as Authority Hacker is concerned, I can say that I got far more useful information in their free webinar alone that in all five WA courses combined. I first learned about these courses on Jeremy Harrison’s Hustle Life site. (He also says that WA is good but not great.) If anyone has tried the two aforementioned courses, I’d like to hear about it.
My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.
FREE Lifetime Account. Once again this is not a limited 7-day free trial, requiring a credit card like many other business opportunities offer. This lifetime account for Wealthy Affiliate is completely free and you will gain access to the most successful online community in the world. You will also get the “Getting Started Guide”, 2 free websites, a free keyword research tool and much more.
Great post , I do read a lot of the Nichehacks articles and this one is so true. At the moment I am in a niche I'm passionate about and yes although I am primarily using Amazon to monetize my site, I will be branching out to use other methods very soon. It frightens me to think the plug can be pulled at any time! I intent to use other affiliate programs as well as Amazon, maybe Google Adsense, I'm not sure yet, some digital products and also to build an email list.
They tell you that the first step in the process is to choose a niche. In my opinion, this should be pretty easy for you determine before you even decide to get started. If not, then internet marketing may not be for you. The reason I say this is due to the amount of effort required to build a profitable business from scratch. If you can’t think of one single thing that excites or interests you, then you are going to have an uphill struggle if you plan to make a go of it in affiliate marketing.
17. Amazon – Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting pretty popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ships them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
Promoting WA is a tired and oversaturated niche. They have funneled users into this niche to further their own SEO and to turn their customers into their marketing team, but I believe WA’s best days are far behind them. The lessons they provide are alright, but the tools they give you to work with are pretty bad. For example, there is no way you can use their hosting platform and WordPress installer to set up a successful site. There may be sites which are doing well on their platform, but they were built 6-8 years ago and are well indexed by now. Removing this from the equation significantly lessens the value of their membership.
Wealthy affiliate sucks. The free membership for 7 days is no where enough time to get your head around everything they provide you, 14 days would have been better. After this you only get access to level 1 training that teaches you hardy anything, to learn the rest they charge 50 dollars per level! A complete rip off. If you go premium they charge 49 dollars per month! Pure extortion. If you want to comment or ask questions you can’t unless you go premium! Any what would be your advice to getting into affiliate marketing? The steps. Any ideas. Thanks
Yeah except I would be telling the truth! They are really nice and good about responding as long as their hand is in your bank account. I have sent 8 emails over the last few weeks and no response. I work 14 hour days and if I had known they would pull this I would have taken time off to get the site moved- I went through the training there but I couldn’t get past the idea of posting reviews for products I have never tried. It seems like that is their method and I personally find it despicable. They clearly are not an honest company. I found most of the education there to be really basic and the live chat is basically just the blind leading the blind. There seems to be a quiet desperation among many the members. It is clear not many are making decent money but are afraid to complain for fear of being banished. Anyone that wants the straight scoop on this company should go look at the ripoff reports. They just lost a big lawsuit for their fraudulent practices and it may well put them and all the affilliates that posted fraudulent reviews out of business. Apparently the judge in the case is pretty disgusted with them and they are saying he may order all the fake reviews be removed on top of paying damages to the companies whose reputation they have harmed so there goes their marketing plan. What they did to me was reprehensible. I was a member for over 2 years and they got $600 out of me. What a waste of money! Telling me I would have 30 days to move the site and then blocking my permissions so I cannot is fraud. I plan to spread the word. You better believe this will be the most expensive $50 they ever stole.
Ebay is a bellwether. It's been around since nearly the start of the online boom. But, like any other platform, success can seem fleeting if you don't know what you're doing. Selling items on eBay, professionally that is, can be an art form. Getting people interested in your auctions isn't always easy, especially when there's hefty competition and low demand for what you're selling.
Fiverr is one of the biggest providers in the gig economy on the web and you can sell a wide variety of services and products through this medium. Do the research and find out what you can offer. However, keep in mind that like any other money-making task, it takes time to succeed here. And stellar reviews will help you generate more and more income over time.