Wednesday, July 11, 2007

7 Action Steps to Online Success - Session 4 - Affiliate Products versus Your Own Products

We covered Action Steps 1 thru 5 in previous articles
which you may want to read, but I'll recap them here again
briefly.

1. You must have a website.
2. Write 5 Articles and turn them into an eBook.
3. You must have an Autoresponder.
4. Write a series of five emails for your Autoresponder
list.
5. You need to get traffic to your website.

So now let's move on with Action Steps 6 and 7.

6. Find some affiliate products to market:

You'll want to look for affiliate products in the early
days to get you started if you don't have any products of
your own just yet.

There are basically two main product categories to
consider; digital products and physical products.
Be aware that "physical products" (books, cosmetics, motor
cycles etc) have a large manufacturing cost component in
their pricing, so your profit margins are likely to be
skinnier. If you work with digital products such as eBooks
or online services such as dating services you can find
affiliate commissions up to 75% or more. If this field is
attractive to you it can be very lucrative.

You can find products by going to Google and looking for
"affiliate products" or you can start with affiliate
networks like Commission Junction and Click Bank.

Affiliate networks act as brokers between sellers and
affiliate marketers like yourself. They're free to join and
offer a lot of choice. And best of all…you'll get paid when
you sell something.

7. Create your own products:

I'm assuming here that you will be working with digital
products rather than physical. If you're planning to
manufacture your own physical products then I really am not
qualified to help you here, other than this word of
caution, it's harder than you think.

But that's negative thinking and you will no doubt push
through to great success.

Books are the biggest sellers on the internet and people
are hungry for knowledge so a "how-to" eBook about your
niche market is your best bet. If you have say a
photography site then a book entitled "The 7 Biggest
Mistakes to Avoid when taking that Great Photograph" or
something similar could be very successful.

The really good news is that eBooks cost virtually nothing
to produce except your time and so command a 100% profit
margin.

The easiest way to get double duty out of your efforts is
to write a series of 10 or 20 articles on the topic and
combine them into your book. This way you're attracting
visitors and also creating a for-sale product at the same
time.

You now send another series of emails similar to the first
but this time instead of an affiliate product you offer
your own.

You will of course need to have a "shopping cart" on your
site to collect payment.

Learn the "3 Surefire Ways to make Money Online"

http://homebasedbusinessontheweb.com/cap/


Jim Keayes is an expert Internet Marketer. He teaches people
to be successful online.

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