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    e-Commerce business
       October 20th, 2006

    I am certain that it is not so simple to do your full time living from affiliate marketing. It is probably easier for those who started it back in the 90’s or at the start of 2000’s. I started it in 2005 and should admit it is not an easy way to earn money.

    You need other ways to generate income. And after some consideration I made up my mind to turn back to e-commerce. I have got some good experience of running my own e-commerce business 4-5 years back in combination with eBay business. Then eBay has got too crowded and the earnings dried out. So, I have dropped that sort of activity.

    A month ago I have got a nice offer to buy a 50% share of the top online bookstore in my country (it used to be the top online bookstore outlet, but now it is #2) – www.rodina.by

    50% share will enable me to get 50% of the net income. The owner updated me of some difficulties the store is faced at the moment. The former management team was to blame, but the time will show if it is true.

    The staff of the online company is 4 in-house employees plus quite a few freelancers and part-time staff. I have a nice Amazon history book that might help me with my new project.

    I think this new venture will take most of my time in the coming 2-4 months to get the store running properly. But I think the idea is worthy – the internet is growing fast here, people get used to buying things online and it is a nice opportunity to take a niche in e-commerce.

    I have a plan to make it a multi product online store (will add music and movies) selling items worldwide. And it is necessary to become online bookstore #1 in my country again.

    Summary: Affiliate marketing is a great business model – you have no products to buy and store, no products to ship and service, no unhappy customers. It is a time consuming task, but this sort of business can be managed from any place in the world. It is a fact that the scene is so much crowded that it is a hard task to make a full time earning from this.

    Added to that, I am quite a new player into this field with no established online property. When you sell books or other items you offer some products which are in a higher demand than your affiliate marketing services.  And one can feel more secure hoping that your e-commerce business is lasting. I am not so sure of affiliate marketing with those changes in search engines algorithms and that level of competition. So, e-commerce business seems a nice way to diversify.

    And what about affiliate marketing? It is in my plan. But I will considerably cut time I spend on this activity.

    Need the latest books in Russian? Do not hesitate to contact me.

    [tags]ecommerce, seo, internet marketing, affiliate marketing, make money online, home based job, earn your living online[/tags]

    Affiliate marketing success = constant learning and testing
       October 17th, 2006

    Once you see your websites become profitable you feel great satisfaction. You realize that the hours of your work were not wasted in vain. From this moment on you have two ways to go with affiliate marketing:

    a. You can scale your profitable activity up once you know how to make your website type profitable. Just make a few similar websites in different niches or focus on this website adding new content and features on a regular basis. Or

    b. You can test other techniques in affiliate marketing that you know work great with other webmasters, but you had no time to try.

    In my opinion, it is the second way to go. The reasons are numerous:

    - you diversify your income sources;
    - you feel more confident;
    - you reduce your risks that in case your current profitable algorithm expires you will have to start from scratch;
    - you learn new things, get new ideas, make new contacts;
    - you are likely to find ways to earn more than you are doing currently

    It is a good idea to make a list of things to learn and try with your profession. The list is not fixed and you can modify your plan according to the situation – you can add new emerging techniques to try and delete the ones that are outdated or inefficient you know from the people you trust.

    Every person has his own experiences, level of skills, etc. My list of things to try in Internet marketing includes at this time:

    - PPC arbitrage
    - Landing pages
    - Data feeds (a nice place to learn some basics is here)
    - E-mail newsletter (it remains the best way to keep in contact with your audience)
    - MySpace marketing (am I too late to the game?)
    - Test with new website types to diversify my portfolio
    - Actively experiment with AzoogleAds offers

    Summary: I guess every person needs a sort of a plan to progress and to keep up with the time.

    How much time can the plan like this take? I think each technique will take probably a month or so to get a good idea how things work. And then it is necessary to track the results.

    It is not the only work that I have to do, so I think I will be through by the summer of 2007.

    [tags]learning, marketing, myspace, ppc, ppc arbitrage, seo, internet marketing, affiliate marketing, make money online, home based job, earn your living online[/tags]

    How to earn BIG money on the Internet?
       October 16th, 2006

    How to earn BIG money on the Internet? There is a forum discussion: what is the biggest income source with online entrepreneurs. It takes three minutes to analyze the post and get invaluable information.

    I paid attention to the webmasters who make really big money online (from my point of view) – their ID’s are tagged with their monthly revenue: $10-50,000 per month. It is gross revenue, do not mix it with net income.

    So, the guys who make the biggest money online deal with:

    1. coding
    2. design
    3. e-commerce/ online stores
    4. affiliate sales

    It is quite a revelation for me that affiliate marketing does not top the list. In fact, it is in the fourth place.

    OK, my next move was to discover how big earners make big money with affiliate marketing. I analyzed only those members who stated that affiliate marketing is their primary income source). Another three minute analysis and I discover that it is a matter of niche you are focused on.

    Yes, these guys run websites in different niches. But their major source of income:

    - ringtone industry
    - financial sector (debts, loans, insurance, etc)
    - pharmaceuticals
    - etc.

    And the money comes from AdSense as well as CPA (cost per action programs) – lead generation primarily. CPA is definitely not dead for these guys.

    Summary: What does this short analysis show? Diversify. And not just with various website types and industries, but diversify your entire activity, mix it with some offline projects.

    You can earn some money with so-called hobby websites. But if your target is to make big money online than you have to search ways to get into these industries.

    I do not state that there are no big earners in other niches. I just have an impression that there are more financially successful webmasters in the above mentioned and similar lucrative industries.

    My next step was to research some information on affiliate marketing in the financial and pharmaceutical industries (and I do not doubt that it is very difficult to start with them at this time).

    I expected that there would be no many detailed guides on the topic, but I have discovered some recent publications that I am still going to explore.

    - on financial affiliate marketing
    - on pharmaceuticals affiliate marketing

    [tags]big money, big earners, finances, insurance, debts, loans, pharmaceuticals, ring tones, seo, internet marketing, affiliate marketing, make money online, home based job, earn your living online[/tags]

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