Lets not beat around the bush, most affiliates make less than $100 a month from affiliate marketing, but there are the lucky few that make incredibleincomes from this online business.
What is the difference? It lies in the way these two groups understand affiliate marketing, either as a part time income or as a full business venture. Those who make money take the latter view and run a successful online business rather than a MLM scheme. The difference can be seen in their paycheck.
So, what are the four key things you need to make it in affiliate marketing?
Patience - Affiliate marketing is anything but a MLM scheme. It takes time to build up a customer base, get noticed in the market, and build up trust. You need to be able to dedicate yourself building your online business - just like if it was a new shop you were running in the high street.
Understanding - that you will make mistakes. It is natural to get things wrong - human nature if you like. The lucky thing about affiliate marketing is that you may not necessarily lose money over it, or perhaps less than any other business.
Cash - like any business, online marketing takes some money to set up: basic web hosting and domain name purchase, buying an auto responder and a product to sell just to name a few. Then there is advertising - getting your name or product recognized in the marketplace.
Time - Just like anything new, it is going to take a while for you to understand a new business model. It will take more time if you are creating a product to sell with your online business. You can cut corners in affiliate marketing by just concentrating on existing products and making a comission from your sales - the easiest way to get started.
You could be the one earning a good income from affiliate marketing too if you have the P.A.C.T. to start. When you are starting an online business you have a lot to learn, but as your knowledge increases, so can your ability to make money. It doesn't need a complex business plan or a university degree, but a straight forward understanding of an online business system. Once you have that, you can apply it again and again.
I wish you the best.
Phil Wilcock markets an affiliate training system that helps people new to Affiliate marketing get off the ground. You can download more free information at http://www.goaffiliatecashsecrets.com
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