- Those who are looking to earn a part time income only (perhaps to supplement household income)
- Those who want to quit their job and earn money full time
- Those who want to be very successful.
Which one of those three do you fall in to?
The good news is that whichever one is most relevant for you, each is possible to achieve with this business idea.
But as with most things in life, you’ll only get out what you put in.
Don’t expect cash to magically appear in your bank account without any effort as it won’t happen.
There are hundreds of dodgy products available today that will promise you instant riches, or cash on demand or cash without effort. If you haven’t worked it out already – none of them work.
If they did, we would all be rich.
I can’t stress enough, this is a real business opportunity. It works. Many people earn full time money from it. But you need to learn what to do, apply it to your business and keep working at it.
OK, let’s look at some numbers:
As you know we get paid when we refer a customer to a selling business and the amount we get paid is a percentage of the customer’s order value with the seller.
So: Commission = Order Value x Percentage
Every industry will have different average order values and different percentages, but the general rule is that the higher the order value the lower the commission.
The digital product may receive a 50% commission rate (£50 x 50% = £25) whereas the high end TV’s rate may be 6% (£2,000 x 8% = £160)
Whether you choose to promote TV’s or digital products will be down to your own preference.
Take a look at the Affiliate by Conversant website.
Those guys are one of the main providers of affiliate programs and have a lot of helpful stuff in their Support Centre files too. You can have a browse through their site and see the programs that are on offer and that’ll give you a feel of the typical commission rates for different industries.
So what can you make in a typical month?
As a part time business, with one website I would say that between £650 and £1,000 per month is a realistic target
Working full time, with multiple websites, a realistic monthly range is between £2,500 and £10,000
Fully experienced, multiple websites, the sky’s the limit!
It’s really about momentum. It takes a little time to get the ball rolling, but as your knowledge, experience and skills develop you’ll get quicker and better at doing what you need to do.
As well as earning commissions from sales there are other ways of earning money from your website. Here’s some of the more popular ones:
- Google Adwords
- Selling advertising space on your site
- Resale value of the site itself
Google Adwords is an advertising product that online retailers can use to promote their businesses through other people’s websites. On this page, you should be able to see an advert running on the right hand menu bar, that’s a Google Adwords advertisement.
Google displays an advert from one of it’s registered businesses and if someone clicks on the advert and interacts with that business then, “Woohoo!” I get paid!
If you build up a website that becomes an authority on the topic of your choice you will be able to sell advertising space to online and offline businesses.
Businesses selling products in the industry that you are covering will want to get their goods and offers in front of your highly relevant website visitors. Invite them in and charge them for the space!
A website that is earning commissions on a regular basis has a resale value and often we’re talking multiples of £1,000’s. Obviously the higher the commissions earned the higher the resale value. So once you’re up and running why not set up a handful of sites, develop them so they are worth say £10,000 each and then sell them off. Repeat the process every year!
So don’t delay and take action today.
The journey to your financial success is a path you must take a step at a time. But the sooner you start walking, the sooner you’ll get to where you want to be.
Ask your questions in the comment box below..
I’m here to help!