Great post , I do read a lot of the Nichehacks articles and this one is so true. At the moment I am in a niche I'm passionate about and yes although I am primarily using Amazon to monetize my site, I will be branching out to use other methods very soon. It frightens me to think the plug can be pulled at any time! I intent to use other affiliate programs as well as Amazon, maybe Google Adsense, I'm not sure yet, some digital products and also to build an email list.
I have never earned a penny on the internet but that is because I am looking for but have not yet found anything. My problem is that although no knowledge or expertise is needed, so it is said, there are statements that I simply cannot understand. For example, in No.4 above on making money in affiliate marketing, the statement goes "Build back links and get others to do it for us and rank in the search engines for various key words based on our market."
Amazon runs one of the largest affiliate programs around, called Amazon Associates. You can become part of the program as long as your website already has some content (about five or ten posts). Bear in mind that once you’ve applied, it can take a few days to be approved. Once your account is ready, you can start to focus on building an effective website.
My favorite part of the article was the part on growth stategies, specifically Earnings Per Clicks (EPC’s) I am a “Newbie Norm” to affiliate marketing and am looking for products using this as one of my metrics for evaluation. Another metric that could be helpful, especially with Clickbank, is Gravity, which is the number of affiliates making and selling a product offer within the last 30 days (I believe).
The Program Operator reserves the right to reject any affiliate application if, in the Program Operator’s opinion, that person or entity violates established laws or commonly held standards of decency. For example, we will reject applications from any person or company that promotes any form of violence, illegal activities, or from applicants who the Program Operator prefers not to be associated with.