Tuesday, October 24, 2006

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Affiliate Marketing is TOO Expensive

Far too many subscribers are still under the impression that running a business on the internet costs too much. I really don't agree and my guest article today covers that point with some great examples...

Affiliate Marketing is TOO Expensive

I once got an email from a gentleman who asserted that affiliate marketing as a business simply wasn't for him.

Because it is too expensive!
Huh? Too expensive?
WHAT's too expensive?

Let's assume that because he sent an email, he already has the basic equipment and software that he needs to start an affiliate marketing business - that being a computer, email software and an Internet connection. I'll also assume that he has a desk on which to store that stuff, a chair on which to perch and a telephone line. Nothing extra to buy or lease there.

Perhaps it was the huge initial outlay of $8.95 at godaddy.com to register a domain name? He must have overlooked the discount. You can save two bucks a year when you register for ten years in advance. That's got to be it.

Then again, there are those ongoing monthly $9.95 web hosting and $17.95 autoresponder charges. That's $27.90 a month.

Yup, that's pretty steep. (Sheesh.)

What about all those products to buy and stock?

Oh ya, you don't have to buy SONY's TV's or Dell's computers to sell them as an affiliate. Not having to buy them will also save a big chunk of change in storage fees at the warehouse as well.

Hmmm.... that ALSO means that as an affiliate, you don't have to ship those heavy items.

Actually, those affiliated merchants are pretty good guys all around. Not only don't you have to buy, store or ship the product, you also don't need to deal with those pesky customers. Just send them from your site to the merchant's site, and the company will handle all the sales details. They'll take the customers' money, figure out your share and send you a check.

Pretty sweet deal.

Maybe it was the cost to build a web site that bothered him. Yes, graphics programs and HTML editor software can get pretty expensive, but there are plenty of low and no-cost options available. If building the site yourself proves too time-consuming, there are also excellent graphic designers who sell beautifully designed web site templates for less than twenty bucks.

Oh, I know! It must have been the cost to advertise. Hmmm... the last time I checked one of those national magazines, it cost about $1200 to get a 1/12th of a page ad in black and white. Your ad could be seen by up to three quarters of a million people. But how many of those readers would actually be interested in your message?

By contrast, that $1200 could buy up to 120,000 clicks from a targeted audience on the Internet. What method do you think would be more worthwhile in terms of return?

Furthermore, when you use Internet pay per click advertising, you don't have to spend the whole $1200 in one shot. You could try a $50 test ad. Analyze your ROI, return on investment. If it's not satisfactory,rework your ad and try another test. In the worst case scenario, you'll gain a few subscribers to your newsletter to whom you can promote other products later.

I personally work and rework my ads and aim for a 100% return on my advertising investment. Where else are you going to get that kind of return on your money nowadays?

The stock market? Your bank account? The race track? The latter probably has the best odds of the three.

OK, so let's do a tally to see how much, or how little, it could cost to start an affiliate marketing business on the Internet.

The expenses are as follows:
domain $8.95,
hosting $9.95,
web site template $14.95
and $100.00 for a test ad.

Total outlay for the first month equals $133.85. Assuming a 100% return on your advertising investment, you'll have earned $200.00.

In the first month you'd already be in the black - $66.15 richer.

Affiliate marketing on the Internet is one of the least costly businesses to start, and one of the very few that contains the possibility of profit in the first month.

If a C-note is too big an investment in a business that has brought financial freedom to thousands, then perhaps it's best to stick with 'the day job'.

And, I didn't even touch on all the money and time you'll save by working at home.

Next time.

Author's Resource: Article by Rosalind Gardner, author of the best-selling "Super Affiliate Handbook: How I Made $436,797 in One Year Selling Other People's Stuff Online". To learn how you too can succeed in Internet and affiliate marketing, please visit NetProfitsToday

I think it is vital that we are realistic.

There really is no such thing as a worthwhile business where you do not need to spend anything. The most important point is to make sure that the money is spent on the right things. Cheap isn't always best but on the internet it pays to be careful. How many products are set at $997 etc. Are they really worth that?

There are many, many great products and services available for nothing and low cost.

Rosalind mentions autoresponders and HTML editors as two potential expenses.

I will post articles on both in due course but in case you can't wait I strongly recommend the following:

Autoresponder: AWeber - probably the best Autoresponder service available.

Unlimited  Autoresponders by AWeber

HTML Editor: Nvu - fully featured and really simple to use AND it's free!

Made with Nvu

In keeping with my theme that an affiliate business is not TOO expensive - here is a brilliant FREE resource. Starting from scratch these videos will show you exactly how to register a domain name, set up and build a mini sales site - even if you know absolutely nothing about starting a web based business.

"Do It Now" - go to MiniSitesSecrets

Sorry if I've overloaded you today - but I can't resist providing you with such low cost, relevant information - all without the usual hype.

Until next time

Good fortune

Mark "Wizzer" Wilson
"Do It Now"


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