Why Get Into Affiliate Marketing?

With the advent of business bookmarking, earning profits is a goal not only for firms advertising their products and services on the web, but also for the common web user, through a program called Affiliate Marketing. Affiliate marketing, basically, is a relationship or an agreement entered between two websites, with one site being the merchant’s website and the other being the affiliate’s site.

In this relationship, the affiliate allows the merchant to advertise his products on the affiliate’s site. The merchant, on the other hand, agrees to pay the affiliate in whatever method or payment term they have agreed into. This generally means easy income for the affiliate, as he/she would do nothing but place the retailer’s/merchant’s ad on his site. This would also prove to be truly advantageous for the merchant, as getting affiliates to advertise their products would be a less costly than hiring an advertising firm to endorse and market their products.

Affiliate marketing is considered easy, and is probably one of the finest ways to earn profits online, unless otherwise you are a businessman and would rather sell your own products online than advertise other merchant’s products on your site. However, even online retailers can benefit from affiliate marketing programs, since affiliate marketing truly works for both merchants and affiliates.

There are a wide array of modes on how a merchant would compensate the affiliate for his services, and for the webmaster, these methods simply translate to the method by which he would earn quick profits. Among the more regular methods of compensation are the pay-per-click method, the pay-per-lead method, and the pay-per-sale method.

The pay-per-click method is the mode most preferred by affiliates, since their site’s visitors would only have to visit the advertiser’s site for them to gain cash. Gaining good profit on affiliate marketing programs, however, does not depend so much on the compensation method as it does on the traffic spawned by your site. A website that can attract more visitors would usually have the greater chance of earning from affiliate marketing programs.

In this program, the affiliates play a crucial role. Affiliates are marketers who work on a commission or bounty basis. It is estimated that there are over one million affiliate marketers and they vary in size from a single individual or entity, to companies of several hundred, or even a thousand. Affiliate Marketers put up websites to draw communities of consumers. These communities are generally vertical or topic specific in nature and consist of chat rooms, blogs, and informational websites.

Affiliates attract thousands of interested users who are offered products and services that are in tune with their interests. Affiliates exhibit your ads to their website visitors in hopes that the visitor will purchase a product or service. Affiliate identification links are implanted in the destination URL to track and report the sales on your website back to the affiliate accountable for conveying you the buyers. The affiliate networks track the sales and manage the payment or bounty that is paid to each affiliate.

This method, however, doesn’t come for free, and usually can cost some money. Website hosting, website development, which covers the tools or the services of a web developer, and marketing are usually stuff you need to pay for, and becoming a successful affiliate takes a great deal of time and patience.

How to Start and Run Your Own Forum Successfully

Online forums have helped many internet marketers to make real cool money with little effort on their part. Smart people all over the world make their money by providing solutions to other people’s problem, what one sees as a problem, another sees as opportunity and avenue to make money. When you make money in your venture and effort to help other people become better, I think that is a good move, it is not bad if you sit back and enjoy the fruits of your labour.

Online forums are a community of people who belong to the same discussion board to discourse common issue of mutual interest. It is a meeting place for open discussion, other names for forum include discussion group, discussion boards. You can make money from forums whether you are the one who owns it or not. A very smart member of a forum may be so good as to be able to rake in more money even than the Administrator or any of the Moderators.

Examples of forum:

Warriorforum – The greatest or largest internet business forum on planet earth. And so on, use Google search to find out more forums of your interest.

All you need to do is type your area of interest, e.g dog owners forum in the search area of Google, you will receive more result than you can handle. The first decision to make if you want to prosper through forum is to choose the forums you want to actively participate in. Register for free, most of the forums are free anyway, and start posting.

Benefits of joining a forum:
Interactivity
Establishing your expertise
Credibility
Social Community i.e becoming a member of a team
Get product ideas
Trade opportunities
Get traffic to your blog or website if you are a webmaster.

There is power in been part of a community. My best community on the internet is a forum that caters for my online business, takes care of my social interaction and so on, every member of the forum feels a sense of belonging, a spirit of oneness that is not in many other internet activities.

There are three basic internet marketing tips everyone who wants to profit from online forum must note.

1. Find a hungry market
2. Discover the major pain or interest
3. Deliver it to them

To find a hungry market, take your interest into consideration, ask yourself

What are you passionate about?
What are your area of interest?
What do you hate?

Consider your past experience, skills, job, or businesses.

Use this knowledge to help you build a solution to the hungry market, find out the solution to the market’s yearning, that’s how to make it in life.

When you join the forum the first thing is to introduce yourself, become a forum investigator immediately by watching out for what many people on the forum lack, what they need, find out what they are hungry for through questions. Use the response triggers to find out. What can I? How do I? Where can I? Are response triggers that when people answer the questions that follows, you will discover their lack, interest or pain.

Having discovered these things, find a good solution to the problem and deliver it to them, pure and simple.

Action plan:

Pick your area of interest today
Decide on the forums to join
Let the forums be in the area of your interest.

Establishing a forum:

I was highly honored when I was called upon by the Administrator of a forum to take up the responsibility of moderating one of the discussion boards. It was a responsibility that exposed me to study and find out the skills of running a forum, and administering it successfully. Thank God for the opportunity, I am able to share with you how to set up your own forum because I allowed the guru to teach me by experience.

Advantages of having your own forum:

You will be seen as an expert, and be consulted for advise, your products will be highly sought after, and that means more money for you.

You can easily build your own list of responsible people member will naturally come back to your forum giving you better chances of earning AdSense revenue. You get quality service from search engines.

What you need to start your own forum:

- Choose a niche for example, marriage, health, football, relationship, politics,…
- Register a domain name that reflect the niche e.g menshealthforum.com
- Buy a hosting package of at least 100MB
- Install your forum with fantastico

How to monetise your own forum:

- Sell your own products and services e.g e-books, audo/video files. It is pretty easy to make audio files, simply go over to Google.com, type audacity in the search box and click search, you will need a headset with a microphone to record your voice.
- Sell other people’s products relating to your niche by joining good affiliate program that gives you reasonable commission.
- Place Google AdSense on your forum to monetise better
- Put text link adverts, go to Google to find out more.

Steps To Installing Your Own Forum:

Type your registered domain name having hosted it with at least 100MB e.g menshealthforum.com/cpanel. In the browser, you will be required to type in your username and password. Your hosting company would have provided you with all these. When the username and password is correctly in place you will be connected instantly to your cpanel.

- Look out for fantastico, you need this to install your forum, and it comes with most of these hosting rights. – Click on the fantastico button
- Click on install discussion board, use simple machine form (smf) board, or any other one of your choice.
- Click on smf under discussion board
- Click on new installation
- Install in a directory called forum, do not install it on the main domain

Administrator name will be your name e.g Adenuga Sunday Joseph, and you choose a password. Click install smf, then click on finish installation.

To create Categories, just go to login, then put in your username and password

For communications category, go to news and newsletters from admin, then create categories from sub-menu boards, go to create new category – let it be closely related to your forum team e.g men’s diet, physical exercise, etc.

New Online Shopping Deals Through Reverse Bid Auctions

Consumers are always looking for a way to save money on the items they want or need. Most of the items purchased online are luxury items and not necessarily a necessity. People need these luxuries to entertain themselves and when they can find these goods at a fraction of the cost they’re quick to spring on them. For years people have turned to sites like Amazon and eBay to find the lowest prices on consumer electronics and other goods but things are changing as people consider the potential discounts available.

One of the primary differences between traditional auction sites like eBay and pay per bid auction sites is that buyers pay a fraction of the cost consistently. This rarely happens on major auction sites, where the final cost is often just under the retail value. Image the delight of buyers on bid auction sites that get a MacBook or new LCD television for under $100.00.

This goes to show why reverse auctions and other pay per bid auctions have grown steadily in popularity as more people discover the savings to be had beyond the traditional auction model.

In a traditional auction buyers are competing against one another to purchase an item from a seller. As they bid, the price increases until one person stands out willing to pay the highest bid. The auction finishes and the product goes to the highest bidder.

Reverse auctions work in much the same manner in that they have a seller that’s offering an item for sale. A number of buyers all bid competitively in order to win the item that’s being sold. That’s where the similarity ends however. In a reverse auction, bidders are placing bids in order to drive the price down. When the auction finishes, the item goes to the lowest bidder. Some auctions force you to drive the price to zero before you can win, others let you continue to bid down the price until the price just gets to be too tempting and someone scoops it up in a “buy it now” fever.

Reverse auctions and other bid auctions have matured into a billion dollar global business yet they tend to remain under the radar. The primary reason is because they’ve only become common to consumers in recent years. Previously, these types of reverse auctions were used by business to business networks and government agencies.

There’s a great deal of excitement for consumers now, and it’s helping that popularity climb as more people hear about. The tension and nail-biting excitement really gets people going and can cause the adrenaline to surge in the last minutes and seconds of an auction. In many reverse bid auctions the potential buyer has to make a decision quickly about buying an item as they reveal the price lest someone else scoops it up.

With many bid auctions, there’s a constant overhanging chance that the item could get scooped up by another bidder at any time. Gone are the days of the constant flow of bids and “outlasting” other bidders. A strong strategy is needed for buyers that want to take a great deal home without overpaying in the excitement of the auction.