Summary: What is Affiliate Marketing? Affiliate marketing is the concept of selling another company's product on your online real estate. You are basically an online sales broker. For an example, if you have a website on cycling and give reviews on the kinds of bicycles that are out on the market, you could affiliate link to the bicycles on Amazon.com or wherever they are sold through an affiliate program. Every time a customer clicks through your assigned links to the bicycle that you reviewed you get a commission based on if those customers actually buy the bicycle. So you get credit for referring that customer to the product through your special link. Why is it so popular? Affiliate marketing is popular, because it is great from the product creator and seller prospective. From the product creator's point of view people are willing to do all of the marketing work for you and all you have to do is pay them a commission. Typically, those marketers will build sales website's or use a blog or some other online medium to market products. Thus, the product creator takes on no additional overhead costs. All the have to do is pay a commission when product is sold. However, from the marketers prospective they don't have to worry about creating product or spending all the time and money that takes to accomplish. A marketer simply sells and gets paid for sales. When should you start? Today! It is that easy to do. I'm not saying it will be a cake walk to make money, but I am saying affiliate marketing is one of the easiest forms of residual income to start. All you need is a medium ie a website and a product you use and believe to sell. What to Market? At Residual Income Life we strongly believe in only marketing products we have personally used and believe.Things you use and believe in will be the easiest to sell, because you will know how they work and why they are worth buying. Also, most products have some sort of affiliate marketing program, so it should be easy to find a product you use and like to market. How often to promote? Don't be a sales ho. You can turn people off very quickly in a blog setting if all you do is try to sell products. You need to build a relationship with your readers before they will be comfortable buying anything from you. However, if you are just making affiliate sales sites Go to Town make as many as you want for things you use. A sales page is going to be for the purpose of selling, so people know and are not turned off by that. The most effective sales pages help convince people to buy. For example, I am thinking about buying something, google reviews of it, find your website explaining how it works, the pros and cons, and why it is worth my money. Now I and convinced to buy and you get a commission. Next steps: Think about what products you use and would like to try selling. How to start: (FYI Affiliate Marketing Below) 1. Buy a domain: At Residual Income Life we buy all of our domains through GoDaddy.com, because they are the cheapest and easiest to use. 2. Host your website: We use HostGator to host Residual Income Life and other sites, because they are the cheapest and allow you to host unlimited websites. 3. Build you site using Word Press and start making money. If you have any questions feel free to leave them below of send them to comments@residualincomelife.com -Chris
