Multiple Affiliate Streams of Income

Multiple Streams of IncomeAffiliate Marketing is by far, one of the easiest ways to make money online. It is a revenue sharing business relationship between the affiliate who agrees to promote the products or services, and the merchant who offers them.

The affiliate advertises the merchant’s products and services and gets a commission for every successful referral. Every time a customer is referred to the merchant’s site, through the affiliate’s efforts, and makes a purchase, the affiliate gets a share of the profit. No payment is due to the affiliate until successful results are realized. Compensation is based on either number of visits (Pay-per-click), registrant (Pay-per-lead), or commission for each sale (Pay-per-sale).

Affiliate Marketers can earn a few bucks to thousands of dollars with affiliate programs. The opportunity to earn in affiliate marketing can only be limited by the affiliate’s determination, creativity and strategy. It is a brilliant way to earn online, and you do not have to produce your own product or service to make a buck. By advertising your merchant’s products passionately, you get more in return. Profits in affiliate marketing usually start small but can get larger as the campaign starts to build up steam.

There are many ways that an affiliate marketer can do to maximize their profits. If you ask any affiliate marketer how many affiliate checks they would want to receive, they will most likely want to get as many as possible. Some affiliate checks are small, amounting to nothing more than $25.

While others are large and can easily reach the thousands and even more. Over time, these affiliate checks may build up to a really impressive amount. However, making a fortune in affiliate marketing is not instant. You should put in enough work and effort as well. You have to use your imagination to find more ways to attract more web traffic that can convert to sales for the merchant and profit for you as well.

How many affiliate checks do you want to receive? Most affiliate marketers will enthusiastically reply that they want to receive as many affiliate checks as possible. However, is it as easy as it sounds? Does joining many affiliate marketers guarantee more affiliate checks that really amount to something? The answer is No. Most affiliate marketers assume that joining multiple affiliate programs is a wise option. Because, it is very easy to join affiliate programs and there is really nothing to lose, affiliate marketers are tempted to join as many programs they can get their hands on. Thus, they fail to give their affiliate programs enough attention and work that they ought to receive. The maximum potential of the affiliate programs are not realized and the resulting income from these programs will almost certainly be disappointing.

The best way to achieve multiple streams of income is to concentrate on one affiliate program first. Choose a product or service that you can promote passionately. Pick a product in which you have complete trust. The best products and services to promote are those that you use personally. Your prospects will be able to sense your sincerity whenever you promote a product that you have experienced. This will greatly enhance your credibility as well as your product’s marketability and will really encourage your prospect to purchase or avail of the product or service.

As soon as your first affiliate program is making a reasonable profit then you can proceed to joining another affiliate program and repeat the process. “Too much, too soon” is a common pitfall in affiliate marketing. Joining too many affiliate programs simultaneously in the hopes of having multiple streams of income simply does not work.

Focus first on one affiliate program and work on it so that it makes a good profit. Then, go find another promising program and give it your best effort. The question should not be how many affiliate checks you want to receive, but how many “high-paying” affiliate checks can you receive. The answer lies in your determination to succeed and determination to maximize your earning potential. With the right tools, the right actions, and perseverance you can definitely make a good profit out of affiliate marketing.

7 Comments

  1. Getting Started in Affiliate Marketing on September 17, 2007 at 8:17 am

    […] across a large range of products. Is this widespread approach the way to go? “Not so,” says Armand Morin in a recent blog post. Internet Marketers, especially those in the early stages of their affiliate marketing careers, […]



  2. Pam Hoffman on September 17, 2007 at 3:02 pm

    You know, I have heard this strategy before and it seems potent. I’m doing something a little different with affiliate programs and time will tell if this works out.

    I have a blog:

    Internet Marketing Seminar Listing Service by Pam Hoffman
    http://seminarlist.blogspot.com

    And the strategy I’ve taken on is to list ALL of the LIVE!Internet Marketing Seminars in the world. I’ve got over 100 on record, from all over the world, spanning the next 12 months.

    Some of these have affiliate program and some of them don’t. I am listing them all in any case.

    These events, though they may happen annually, are somewhat ephemeral (they last briefly) and so it would be difficult to do them individually as you suggest. This has built in ‘scarcity’ however as it’s over when it’s over.

    My aim is to become known as a resource for all LIVE! events in this market. The interest in online marketing is growing which is a plus for me.

    By listing all of the LIVE! events, I’m hoping people will come back because they can rely on my research and find something local, at the right price and the right level.

    While this will bring in multiple affiliates, it is all the same/similar topic.

    These programs are a little different as well – the payouts are usually quite high and not too many people are participating. Perhaps this is due to the nature of them. These aren’t ebooks where you can promote them and tweak the sales page every day – I gotta make an impact and make it fast!

    Can you tell me if something like this is going to work or not Armand?

    Pam Hoffman
    http://seminarlist.blogspot.com



  3. Laurie Hayes on October 18, 2007 at 12:14 pm

    Thank you for this great post Armand.

    I’ll be sharing this with my readers as well because trying to go ‘wide’ is a common mistake made by those new to affiliate marketing.

    Your advice provides immense value every time.

    Thanks kindly,
    Laurie Hayes
    http://www.thehbbsource.com



  4. Bill Bailey on December 15, 2007 at 3:33 pm

    I completly agree that this is one of the best ways to make money out of the internet. All too many people seem to think that it’s really easy to get money on the internet, whichever route you take it needs a lot of effort!

    I used the 6 part mini course from Tim-Warren.com which has some interesting ways to make more money from the internet.

    Fantastic blog, will certainly get added to my bookmarks!



  5. Dean W. Yorgey on January 1, 2008 at 1:02 pm

    Affiliate Marketing is the best way to get into the Internet business working from home. I could’t agree more. Also, the secret to affiliate marketing is that there isn’t any secret. Just like anything else in life, it takes dedication and hard work. Start with a NICHE’ that isn’t so large, so you don’t have to compete with the big boys. Once you get that working, expand to another and then another. Great blogs in this site!

    Deab



  6. Ed D on April 9, 2008 at 12:34 am

    Great advice , Armand! I have just started as an affiliate marketer and have been somewhat overwhelmed with trying to decide how to begin. There are so many attractive niches out there to get involved with in marketing that I have been thinking “How in the world do I find the time to market them all and make gobs of money?” The answer is obvious ; I don’t. Your advice just confirms the conclusion I came to; that is , just pick one and concentrate on that until I gain experience and profitability. Then , if I do well in that one thing I can expand slowly into other areas. By working in just one area I can work on developing marketing skill sets (article writing , blogging ,driving traffic, adwords ,etc.) in one area about which I am passionate and knowledgeable. There is a lot more to this affiliate business-and it is a business-than one might think. It takes far more effort than just joining a free affiliate program and sitting back waiting for the dough to roll in. I am very excited about the prospect of learning new skills and applying them. Thanks again for your advice!

    Ed Davis

    P.S. Being the market-minded kinda guy you are , I imagine that by entering my email above I have just opted-in to your mailing list. 🙂



  7. reza fikri on June 15, 2009 at 3:20 am

    Great article on Affiliate Marketing.I really learn a lot here.

    Thanks.