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Earning Affiliate Income

What is affiliate marketing?

Affiliate Marketing Blog Intro

Affiliate Marketing is a marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals.
Although affiliate marketing is sometimes considered to be a grey area, somewhere between advertising and organic referrals, this hardly matters to the people who earn money in this way. Affiliate marketers’ greatest asset is their list (or audience): they are able to earn a revenue share only because of  the highly-qualified (relevant) traffic they can drive to someone else’s online businesses.

Why Affiliate Marketing Works

The people who create products or supply services are usually not going to be experts in the field of selling, or marketing. Rather than trying to learn how to do it themselves or pay someone to do it for them, it makes economic sense to use affiliate marketers who already have a wide audience to recommend products to people who have already bought similar offers. Even though commissions for digital products can be quite high, often > 50%, this is still a good deal for the seller. Once a digital product has been produced, there is no additional cost for extra sales, so 50% of each sale an affiliate makes is better than 100% of no sale at all. Right? So affiliate marketing works because it is a win-win situation.

How Affiliate Marketing Works

Affiliate marketers gain their success by cultivating a particular audience and developing a rapport with them. Some of the tactics used are:

  • Establish themselves as an expert in their industry
  • Sharing their  stories, about particular products or services they’ve used themselves & found to be helpful to them
  • Publish reviews of products or services
  • Create in-depth buying guides that compare several similar products or services
  • Offer special discounts to their list members for the products or services they promote

I’ll be following up with more about this topic in the next few weeks as I review current ways to make extra money online.

New Amazon Business

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Hot Hut Stuff Wine Saver Vacuum PumpI have been very quiet on this blog for a while because I’ve been concentrating on getting a new business up and running with my daughter, an Amazon business where we source products from China (or elsewhere) and sell on amazon.com

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Yes we bought a course (ASM) so we could follow instructions and at least have a fair idea of how to go about it. For our first product we found a vacuum seal specialist manufacturer in China and ordered our wine saver vacuum pump and stoppers sets from them.

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If you are a wine drinker (who doesn’t finish the whole bottle in one sitting) then you’ll know that wine left in bottle that has air in it goes off and tastes sour and horrible. The solution is to use stoppers that will seal tightly around the bottle neck and a vacuum pump attached to the stoppers draws all the air out, creating a vacuum in the bottle. This is the way we have preserved food for centuries after all, so we know it works.

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Our Hot Hut Stuff pump has been tested to keep the wine fresh longer than 14 days, in some cases is to 30 days but that is not guaranteed. To see our pump and how to use it, have a look at the YouTube video below or check out our new website at hothutstuff.com where we have the same video running as well as other features of the product such as the fate ring indicator on the top where you can set the day you sealed the bottle and know how many days it has been sealed.

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Finally the product has been made, shipped, through US cutoms, inspected and listed in Amazon and ready for sale herep

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Update May 2015 – We are also selling in Australia now, both on ebay.com.au and from our this link on our Wine Pump website hothutstuff.com/sales
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Top 10 Business Opportunities to Make Money in 2014

Money-in-wallet

We all want to make extra money to supplement our income these days,

but the question is, what is the best way to go? What opportunities are legitimate and realistic for ordinary people without a big budget?

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To give you an opinion other than mine, I went searching for sites with that seemed to me to provide good advice and found this one that gives a top ten list.

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Don’t expect everything on the list to suit your circumstances, but there are some good suggestions there and maybe the hardest choice will be which one to try first.

money_5Top 10 Ways to Earn Extra Money Online
http://www.australianbusinesstimes.com Sat, 01 Feb 2014 10:38:53 GMT

Everything from self-publishing e-books to entering online tournaments has the potential to bring in an extra wage. The following are ten top ways to earn an income online. One – Self-Publish an eBook: Self-publishing books …
Read more …

Now, some of these ideas would not do for me at all, such as online poker tournaments or forex trading, but the list includes others that do appeal, such as self-publishing or doing this as a service for clients, online freelancing (and another site not mentioned in the article that I use is People per Hour) or setting up a consultant site.

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Whatever you decide to do, just pick one method and give it a good go. Too many people try one thing for a short time but give up before that idea has a chance to bring in any money

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Best wishes
Trish

 

Achieving Financial Freedom

Nowadays, the concepts of time and money are being redefined and”Financial Freedom”, is one such Financial-Independence-smlterm that has gained much importance in the changing financial scenario.

A popular definition of “Financial Freedom” is that an individual has the freedom from continuous financial responsibilities through a planned management and allocation of assets. In other words, a person is free from back-breaking work by giving him or herself a steady source of income for life.

To really understand the concept of ”financial freedom” you need to look outside the traditional ideas of income and expenses.

We’ve been taught that time spent on hard work generates money. ”Financial freedom” opposes this concept of time-for-money swap and lets the money work for the individual instead. However, in spite of this advantage many professionals find it difficult to work without a fixed routine.

Thus, to achieve financial freedom we need to change our old mindsets and develop a new attitude towards earning money. We must realize that money is simply the means to achieve ends.

We must also remember that a person cannot be judged by the money he or she possesses. Unless these misconceptions are cleared the entire purpose of financial freedom is defeated since satisfaction is the keyword to financial freedom.

Financial Freedom is Time Freedom – get your copy of “How to Achieve Your Own Financial Freedom” FREE from this link.

Financial Independence