Creating multiple streams of income is a critical element of any business. Affiliate marketing is no exception. By creating multiple streams of income you ensure your business longevity should one income source dry up.
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Creating multiple streams of income is a critical element of any business. Affiliate marketing is no exception. By creating multiple streams of income you ensure your business longevity should one income source dry up. Having multiple streams of income can be compared to McDonalds selling chicken sandwiches even though they are a burger and fries type of restaraunt. If you put all your eggs in one basket you’re just looking for trouble.
As an affiliate niche marketer it’s rather simple to setup multiple streams of income because there are an abundance of different programs with quality products available. With most niches you’ll likely even be able to find goods that complement each other instead of compete. This is an exceptional way to reinforce your affiliate earnings.
The first order of business is to get your own web site. Something basic will do as you won’t require too much web space. There are very low-cost hosting plans available nowadays, some as economical as $3.95 a month.
Next you’ll need a domain name. These are also low cost and can be purchased for less than $10 a year. Your domain name is very important. You’ll want to try to include some of the keywords associated with the niche you’re targeting in the domain name itself. If you’re looking at the ” health and nutrition” niche for instance, you may desire a name like “health-and-nutrition-tips.com” or something similar.
The next task on your agenda when building multiple streams of affiliate income should be to build your own email subscriber base. Building your subscriber base should be one of your top priorities. By capturing the names and email addresses of your prospects before sending them to the merchant website, you’ll build a subscription list that you can send information and offers to that are related to your niche.
It’s been said many times before, “The Money Is In Your List”! This applies to affiliate marketing as well as product creation. You can build your list by writing a free report about to the niche you’re targeting. It may be you can write a review of a product you’re supporting or a “top ten” list of reasons to use the product. Offer the report for free in exchange for your visitors name and email address.
After the prospect has given their information send them to the download page of your special report. By transferring them to an HTML web page you can sprinkle in links to other affiliate products related to the niche email list they signed up for.
Also, write from seven to ten emails to go out at five to ten day intervals, each highlighting a different aspect of the main product you’re promoting. Then you can add more emails to go out at seven to ten day intervals exposing your readers to different products in the same niche. Explain how these products complement each other and why your reader would benefit from the purchase. These are just some ideas of how you could use your list to generate sales. The possibilities are endless.
By setting up a few of these basic sites offering an array of special reports in targeted niches you’ll be promoting several different affiliate products at the same time. Find a variety of other lucrative niches to target, repeat the above process and before long you’ll possess a whole network of sites funneling prospects into your sales process.
Soon you’ll have multiple streams of affiliate income in several different niches producing passive income on auto-pilot.