You buy these sites for cheaper than what they would had been a month ago, replace the links with links to your physical product, and revamp the sites to become email collecting machines that can be used to launch any new product you create – not to mention bringing back old customers to either your Amazon FBA listings or to the affiliate site for more potential sales and engagement.
On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)
Companies online will give you a commission if you refer a customer to them. An easy example would be with Amazon. Amazon has an affiliate program called Amazon Associates. It’s free to join and takes just a couple minutes to set up. From there you can search every product that is on Amazon and get your personal referral link. Let’s say your friend mentioned they wanted a new TV. You could send them your referral link for a TV on Amazon. Your friend buys the TV for $500, and Amazon gives you 6% of that sale. That means you made $30 without doing anything. Pretty cool, huh?
Then, came the dreaded Google algorithm updates. After ranking number one for "electronic cigarettes" and "electronic cigarette reviews," which were steadily driving massive amounts of traffic to his blog, his rankings fell off of a cliff. He tells me had made a huge mistake by solely relying on Google for traffic and not leveraging it to build an audience elsewhere.
However, to be genuinely successful today you need a twist of creativity. Ebates is a great example of this. They are a cashback website. This means they offer cash back on purchases you make online. You make an account on their website and whenever you shop anywhere such as Amazon, you click on the link in your account first. Ebates says they will give you 3% back on any purchase you make. Let’s say you go to Amazon and buy whatever for $100. You would then receive $3 in your Ebates account. However, the cool part is how Ebates is making money with this model. Amazon’s affiliate program gives you 6% commissions per sale. Ebates decided to give half of their commission back to their users as an incentive for them to shop through Ebates. This way the whole idea is consumer driven. Consumers buy things and make money using Ebates. The more consumers receive in cash back, the more revenue Ebates generates.
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SEO: getting consistent traffic by writing AWESOME content about your keywords (there’s a phrase “length is strength” in SEO and this paid off big time for me). Maybe you’re doing videos or an eCourse, but I found blog posts WAY easier to update which means less maintenance. The biggest factor by FAR was the time I spent meticulously creating my tutorials… which eventually resulted in a sudden 3x increase in SEO traffic