I’m often asked: What’s the secret to a full-time income with affiliate marketing?
The Niche is Everything
Learn howto make money online as an affiliate
My answer is Product Selection.
Really, your choice in a market and what you promote will be the difference between a little bit of money and a six-figure income.
So yeah…product selection is kind of a big deal. But you need to do more than scan an affiliate network and look for a “best seller.”
Your goal is to promote a product that is these three things:
1. In a market that you find personally interesting
2. Helps people solve their problems
3. Pays a sizable affiliate commission.
There’s a lot more that goes into product selection.
In fact, this entire section covers my “best practices” on this subject…
Learn howto make money online as an affiliate
The Niche is Everything
Let’s start with simple clarification:
I believe
there are two types of affiliate websites.
The first is the Authority Site where you build an audience
around a tightly focused topic.
You will only have time to concentrate on one (maybe
two) authority sites because your goal is to build a fiercely
loyal following.
The second
is the Niche Site where you build a series
of small mini-sites (or pages.) You don’t worry about building
a following. Instead all you care about
is to get people to take action
on an affiliate offer.
My point
is this… The amount of time you spend on niche
selection depends on whether
you’re building an authority site or a niche site.
With a niche site you don’t have to obsess over the right market.
A wrong decision only means you’ve wasted
a little bit of time and money.
But a bad choice with an authority
website results in wasted months or even years of your time.
To get started, you should pick a niche
that has some competition…but not TOO much.
Competition means there IS money being made in this market.
This shows there is potential
for you to do the same.
My advice is to tightly
focus on a small topic. You have to find a topic that’s
profitable without having
too much competition.
For instance, let’s say you enjoy talking
about finance. In all likelihood, you’d get creamed if you opened
up a personal finance website.
But you’d do well if you created a site for personal finance for female entrepreneurs.
See the difference between the two?
Take time to think about picking
the right niche.
This will be the difference between making a little bit or a whole lot of money.
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