Last week, I had discussed the beginning of my travels in Internet Marketing. This week, I will discuss what you are potentially getting yourself into.
Internet Marketing is a great way to make money at home, as I established last week. Of course there is a method to the madness, and although this method comes in many different strains, they all have major thing in common.
TRIAL AND ERROR!!!
Just do not give up when the going gets tough. You want more on motivation, read my Weight Loss Monday blog a couple posts before this.
Now to the fun part. You obviously cannot make money without an action, and the first action, is trying to find out what you want to promote online. Take some time and decided with your personal experience and skills, which would be your niche. It could be something you do as a profession, or a hobby, or anything that you would like to do. I happen to like Forex and Currency Trading, so that is my niche.
Forex believe it or not is a big market on internet marketing, and for the right minds and drives, it can be a pure profitmaker. Believe it or not, there are people out there, who are promoting Forex Products, and have never even touched a forex trading platform, or have started a real account? As long as you have a level of terminology, a core understanding of the niche and the solution the product provides will give you more distance, as compared to spending years in such niche.
So, How do you find products to promote? Believe it or not, this is simpler than you think… There are different companies called CPA (or Cost Per Action Networks.) Clickbank is one of them, so is Commission Junction, Azoogle, and Google(Yes, Google now has one as well!) Each CPA Network specializes in different types of products. Clickbank for example, sells digital products, which are good for the Forex Niche, and Azoogleads, Commission Junction, and Google could sell leads for other products, such as home study courses and lead sales to Forex Brokers.
Joining one of these affiliate networks is the first thing to do. Each one has a different rite of passage to join them, rather it is an application process or an immediate registration to join. Clickbank has an immediate registration, while Most other networks have a vetting process, after which you will get a notification of acceptance or denial. If you want to get right into the action and start very soon, check out Clickbank.com to get things rolling. The only peeve with Clickbank is, that at first you will get paid in check form, until you can fulfill the requirements for direct deposit.
A couple things for me to recommend before you jump in the fire and get the coals working:
1. File an LLC, which is usually under $150 in most states. This will protect you, and give you tax and business benefits as well. Filing for a tax id is also recommended for those who do not wish to use their social security number for filing.
2. Get an ING Electric Orange account. Now instead of waiting for checks and putting up with Paypal fees, CPA Networks can now send you money to bank accounts. The reason why I recommend ING, is because they are easy to use, and works on the internet. You can always transfer money in and out of your ING Electric Orange Account as well. ING DIRECT. Check with ING if they Serve the country where you reside.
3. Build a Schedule for your internet marketing. Put at first, especially if you have a day job, a couple of hours a day aside and make that your “Internet Marketing” Time. When you eventually leave such day job to focus internet marketing on a full time basis, then adjust accordingly.
4. Treat your internet marketing like it is a business! Also do not forget, if you register for an LLC or business, remember the write-offs you get for office equipment, lattes at starbucks, and the office chair you sit on!
5. Constantly educate yourself, as google constantly changes their algorithms for search, new technologies arrive everyday, and there are always new niches and products to explore! And most of all, DO NOT GIVE UP!!!
Next week, we will get into some more things, such as looking for the right products to promote.
Have a good week, and HAVE FUN! MAKE MONEY!!!
