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  1. #1
    Newbie
    Join Date
    January 18th, 2005
    Posts
    39
    Okae, I am in the "I want to quit my J-O-B!" mood, so I will ask any and all of you whom wish to comment on my questions. I am interested in getting started in this field, but I have always held the mindset that learning from the mistakes of others before I begin something and getting their advice is one of the best things one can do.

    In order to assist y'all in answering my questions, you should know a little about my current status. First, I do have web and graphic software and am capable of designing nice websites, although some of y'all agree that the raza-matazz isn't absolutely crucial. Also, I have at least $6,000.00USD in the bank for financial support, with only about $500.00USD a month in total bills, and no debt of any kind. I also have no responsibilities other than to myself, and can work 16 hour days if necissary. Hence, my work ethic is also strong, especially since it is my own "creation" (I'm a bit of an arteest). So, with all of that being said, here are my questions:

    1. Are there any industries that particularly do better than others in affiliate marketing? I.E. Computers vs. Flowers.

    2. Is it best to have multiple websites in different fields? I.E. Website #1 sells computers, website #2 sells flowers, etc.

    3. What about having multiple websites in the same field, but advertise for different merchants? I.E. Website #1 sells computers for company A, website #2 sells websites for company B, etc.

    Any response to my post is appreciated, along with any suggestions related to my questions.

    .lucas

    --------------------
    "Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work." -Robert Orben

  2. #2
    Full Member
    Join Date
    January 18th, 2005
    Posts
    379
    I think the responses haven't been pouring in because there is no right answer. You will find people having success all different ways. Some do very well with only 1 site. Some create separate sites for each niche and others have mall sites.

    I think the best advice is to find a niche/product that is not too competitive and saturated. The best would be a niche that is in high demand with no competition. I think it's safe to say to stay away from casinos,viagra, diet pills and hotels. However it is possible for a newbie to be succesful in those very fields.


    It sounds like you're willing to spend a little money, which helps a lot. You may be able to buy some traffic or use it for PPC (adwords and Overture)

    Just my 2 cents.

    <hr>
    Leave the gun, take the cannolis.

  3. #3
    Full Member
    Join Date
    January 18th, 2005
    Posts
    400
    Hey Lucas,

    Great to hear your willing to put forward the effort to make it with affiliate marketing. This post comes from "an affiliate" ... while I am now an affiliate manager most of my income comes from my own personal affiliate sales.

    Your asking some very old age questions ... if you search around here and on other boards I think you will find the answers your looking for. Let me offer some of my ideas ... maybe they will shorten your journey to affiliate riches.

    1. Are there any industries that particularly do better than others in affiliate marketing? I.E. Computers vs. Flowers.

    Yes ... and very much so. Take digital products like ebooks for example ... they cost nothing but time and effort to create and are sent to the customer via an online download ... which means they costs nothing to ship... these products often pay around 50% commissions.

    Compare this to say amazon.com ... which pays a base commission of between 5% and 8% with most affiliates that work the program earning around 6%. So it is easy to see that if you can generate ALOT of ebook sales at 50% commissions you can make much more than selling stuff at amazon.com

    However, it is very important to step back and look at the whole affiliate program:

    - What is the commission level or payout
    - What is the duration of the cookie
    - Are there bonuses for high achievers
    - Are you paid if you customer purchases a different product at a later date?
    - Is there a demand for what your selling
    - Just how many other "affiliate" sites will you be competing with ...

    And on and on and on ....

    I always start with the supply and demand formula...

    Just what are people "search" for .... just how many websites will I be "competing" with for those sales?

    If you can master this and understand how to uncover consummer buying patterns on the web you will do very well. This year I hit it big several times ....one site has generated over $20,000 in commissions in fact .... the real kicker is that this site took me about 20 hours to complete ;-)

    2. Is it best to have multiple websites in different fields? I.E. Website #1 sells computers, website #2 sells flowers, etc.

    Personally I have many different affiliate sites, however with that being said I think you can also do very well with one "master" site.

    Understand it is more about highly targeted webpages that sell very spasific items ... Don't create one page and list 25 items ... do create signal pages that focus on individual items or products.

    Think about what people are searching for on the net ... then create pages that capture those searches ;-)

    3. What about having multiple websites in the same field, but advertise for different merchants? I.E. Website #1 sells computers for company A, website #2 sells websites for company B, etc.

    Sure ....

    About your money ... I would invest your time for the first 6 months more so than your money in the bank ....Once you start seeing income come in then take a percentage from that and put it back into your business in the forum of advertising.

    If you spend money on ppc it will drain your wallet and your time, you will spend time learning about how to operate a profitable ppc campaign while you could be creating pages.

    Personally crafted webpages last a lifetime ... ppc lasts for a few minutes (once the money is gone your out of luck).

    I am not saying to NOT get involved with ppc... I just tend to point poeple in the direction of creating pages instead.

    Good luck, work hard and enjoy your success later!

    Cheers,

    Brian Johnson
    (Chef Brian)
    Seek and you shall find
    Learn About Lifetime Commissions @ Myrxforless

  4. #4
    Full Member
    Join Date
    January 18th, 2005
    Posts
    379
    Lucas-
    PPC is an example where affiliates have different opinions and results.



    Brian has always done well with the search engines. Personally I have not had much luck with PPC and do better with search engines. It can be difficult as Brian explained. There are people bidding crazy amounts of money for certain terms. As soon as they pull their ads because they realize they are losing money there is another clown right behind them doing the same thing.



    In another thread Jessica from IAN tells the story of an affiliate that spends less than $10k/month on PPC but makes at least $40k/month. I wouldn't mind that kind of cash flow ;)



    The cool thing about PPC is that you can get to market way faster than waiting and praying for search engines to index you. You can see immediate, almost real time stats. You are not at the mercy of some crazy SE algorithm or monthly "dance".



    <hr>
    Leave the gun, take the cannolis.

  5. #5
    Newbie
    Join Date
    January 18th, 2005
    Posts
    39
    Thank y'all for your comments.

    TO: Brian-Myrxforless.com

    You covered the "supply and demand" formula. This has been my fly in the buttermilk, as to ask "What do people want?". Well, how do you go about doing that exactly? I know Overtureā„¢ has a search term suggestion tool, but how would I go about finding the consumer buying patterns you mentioned? I think this subject has been what has been holding me back per se, as "what to sell?! what to sell?!"...

    --------------------
    "Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work." -Robert Orben

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