Right now, it’s time for Amazon Associates to take a serious look at their niche website and see what they can do to ensure continued revenue. However, as we’ve seen, all is not lost. In fact, for some this may be a time of great opportunity! By taking advantage of the methods provided above, you can stabilize or even increase your income from you niche website.
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To make this type of business a success, you do need to plan it. You can't just pick any niche. If you pick a niche but the people in that niche aren't big on purchasing things, then your business won't succeed. You have to really research the niche you are interested in to make sure the people in your niche are looking and willing to purchase the products you recommend. Also, you need to plan and research the products you recommend. Don't just recommend any product that you find. It needs to be of high quality. If you recommend poor quality products, your readers will stop listening to your recommendations.
Affiliate marketing is a great way to very easily add a revenue model to a website that has traction. Content based websites remain extremely popular on the Internet, but it can be difficult to also create premium content or a related product that can generate significant revenue. Physical products can also be a difficult model to crack early on, particularly due to lack of cash-flow or investment. Affiliate marketing makes perfect sense for companies that are looking to get into an industry such as fashion, but do not have the resources to handle their own stock or distribution just yet.
For example, let’s say that we want to promote Drip as the better alternative to Infusionsoft… We would write up a comparative article that shows all of the reasons we like Drip better. We would then login to Google Adwords and create an ad campaign that links to our article and targets anyone who searches for “Infusionsoft” or “Infusionsoft Alternative.”
Absolutely. Affiliate marketing is a viable and legitimate way to monetize your blog or website. Tens of thousands of merchants run affiliate programs and will pay you a commission for sending them sales. However, there are some scams centered around affiliate marketing. You'll find information on how to spot affiliate scams – and avoid them – here.
You still need to make a profit, so your products’ prices should benefit you, too. You’ll need to find a balance between affordable for the consumer and profitable for you. A good way to do this is to look up not just the customer price, but also the affiliate commission for your product category. You can learn more about your potential commission on Amazon.
A really good example of building an engaged audience is Thrillist. Thrillist started out as an email newsletter that curated products and experiences aimed at young american urban males. Thrillist was able to grow it’s subscriber base to millions of readers and has been able to generate significant revenue. In 2010, Thrillist acquired Jack Threads, a members only online fashion retailer.
Thanks a lot for those tips. I bought your course but found that the module for finding a niche cannot be easily applied for the following reasons: 1) domain (com, net, org) that match exact keywords are almost taken by someone else; 2) even if you can find an exact match keyword domain, changes are there are other competitors building similar niche review sites, simply adding good quality articles and build links with some social book marking do not seem to work well; 3) can you elaborate in details how to do the SEO for a specific niche using real exams (e.g., if you say social bookmarking, can you tell us how to find those sites or even provide a list of sites; if you use blog comments, can you walk thru the process to find good quality blog that accept comments with “do follow” etc
File-Sharing: Web sites that host directories of music, movies, games and other software. Users upload content to file-hosting sites and then post descriptions of the material and their download links on directory sites. Uploaders are paid by the file-hosting sites based on the number of times their files are downloaded. The file-hosting sites sell premium download access to the files to the general public. The websites that host the directory services sell advertising and do not host the files themselves.
3. People Buy More than One Item – the great thing about Amazon is that you don’t just earn a commission on the product that you people to, but anything that they buy once they’re at Amazon. I did an experiment earlier in the year where I published a review of a digital photography book on my blog and placed a tracking code in the link to see how much the review earned me specifically. What I found was that the product in the review did quite well – but the sales of other products that people made once they got to Amazon was actually much greater than the sales of the actual book. People went on to buy all manner of products (other books, electronics, cosmetics etc) – I earned a commission on each one of them – now that’s passive income. You earn a commission on anything that a person buys within 24 hours of you sending them to Amazon.
In fact, depending on your niche there might be other affiliate programs that pay you far more than what Amazon is paying even on the old tiered structure they had. Many of these affiliate programs will pay higher rates and will often have much longer cookies. Amazon cookies every visitor that clicks on your affiliate link for 24 hours, meaning anything that person buys within 24 hours will be attributed to your account.
In 2006, the most active sectors for affiliate marketing were the adult gambling, retail industries and file-sharing services.:149–150 The three sectors expected to experience the greatest growth are the mobile phone, finance, and travel sectors. Soon after these sectors came the entertainment (particularly gaming) and Internet-related services (particularly broadband) sectors. Also several of the affiliate solution providers expect to see increased interest from business-to-business marketers and advertisers in using affiliate marketing as part of their mix.:149–150
I’ve been using Amazon’s affiliate program for a little over two years and during that time I’ve had a lot of success with it. In fact, this income source was the second largest chunk of my total $150k+ 2010 income. If I hadn’t sold one of my larger Amazon focused sites last year for six figures this income source would have easily eclipsed $100,000 by now.