A is for Affiliate. "Huh, you said what now?"
Written on 8:06 AM by Nice to meet you, I'm Chance :)
If you're looking to make some dollars online then you may have come across the word Affiliate, usually in reference to an Affiliate Program. An Affiliate Program is something some websites offer, such as Amazon.com where you can register to become an Affiliate of theirs, you then promote their products on your website and when visitors to your site then click through and buy from your Affiliate in this case Amazon you receive a kick back or commission as a thank you for sending them there. Now it's not always rewarded based on a purchase, it may be once a survey is completed etc.
So anywho's that's the quick overview of an Affiliate Program, so what's brings me to this topic today?
In my continual search for Internet business ideas I thought, I love audio books, I love business, marketing and self help books, and I'm looking for a digital product to sell because it can be sold infinite times and requires little energy to maintain once established, so in short, I could start an Audio Book Download Site! YES!
Then in doing initial research to locate where and how I can go about getting resell rights to then set up this amazing wonderful money fountain I realised it's may be a little tricky to go about it this way. So being the Determined Entrepreneur, I continued to forge forward until my pathway crossed a solution, and that's when I stumbled upon HayHouse.com (A big publisher for self-help books) and their Affiliate program. *Light bulb - "Hmm, maybe this is my answer."
Hay House pay out between 10-20% commission on sales from your referred customers. Which isn't too bad, while it may only be $4.90 here and there, imagine if you set up 10 of these Affiliate sites with different Affiliate partners, each generating say one $4.90 commission per day, that's $343 per day! Not to shabby!
So back to my audio book website idea thingy, I love Audible.com so I popped over there and sure enough, they do an Affiliate Program too! Yay, and better yet, they have a 60 day cookie which in English means, when a visitor from your site clicks through to Amazon and then makes a purchase within 60 days you get the commission from the sale, where as most other Affiliate Programs only have a 30 day purhcase window.
The Audible commission scale isn't percentage based, instead it's calculated on 3 types of purchases, 2 are of their membership programs, so a commission of $25 and $10 respectively or $3.50 for individual purchases. So again, not to shabby.
So one of my recently recruited mantras is, "Don't think, just do." because I could sit here for the next 3 months, thinking and having the best intentions of, "Yeah, let's do 10 affiliate sites, make $343 bucks a day and pay off some debts, go on a holiday, buy something nice, blah, blah." But unless I get passed this just thinking stage I'll be in the same boat treading the same water in 3 months time, but now I'll be thinking, "Crap, I should have started those Affiliate sites, 3 months ago, cos I could have had $20,000 in my pocket now." So with that in mind, I move my thoughts to the next stage. (Oh and I'm in Australia and all figures mentioned above are US$ so with the current conversion of 68c to the dollar, that US$20k becomes, AU$29k. Nice)
What kind of a site to setup for this Affiliate Program idea...
You see you have to apply to be an Affiliate and submit your website so you can be approved or denied, as far as I'm aware they're mainly looking for no offensive content, no hate sites etc. So now I need to set up my site, but quickly, I don't want to over capitalise and over invest my time to getting this ball rolling, I have other sites and ideas to share my time with too!
So that brings me to where I am now, I'm going to do this Affiliate program with Audible.com (if they'll have me!) but now what format to do the website I then submit for approval... Hmmm... Do I do a Blog and review books, or maybe a website that lists all the books available, but that's over 8,000 titles! This one I'll have to nut through a little more. But I'll keep you posted!
Can you share your own experience with an Affiliate Program or share an idea about what format my website should take to suit the capitalisation of this Audible.com Affiliation? Comment now and share ideas with other readers.
Till tomorrow. Dream Big Kids - Chance :)
P.S. Oh you're wondering just how possible it is to make money from this kind of Affiliate Program? There are plenty of google searches that claim people that have maid their Millions from Affiliate programs, but you'll soon learn I'm not looking for a get rich quick scheme and neither should you, instead replace that desire with a solid steady growth of multiple income generating websites you establish that tick over a nice cash flow each week, that you can built and comfortably profit from. So in short, I don't know how much if any money can be made from Affiliate programs, I've not done this before, I can calculate figures based on the commission scale, but as to what sales are actually made is another thing. But that's what this process is about, learning and sharing as I go. So get comfy bookmark my blog and subscribe to updates.
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