How to become a Millionaire as an affiliate marketer in 2019

When looking at the world of affiliate marketing. This is the easiest way to get started, to building a good living online.  Geek Extreme and Eddie, explain this in greater detail. To

make some serious coin and love what your doing.

Affiliate marketing has been around for years and many people are wondering exactly how much money you can actually make by using this method of revenue creation. Before we get into the economics of affiliate marketing, let’s briefly explain what it is and how you can get started. Affiliate marketing is a way of gaining a percentage or commission based upon a sale of a specific product or service. You can become an affiliate marketer for virtually anything including beauty products, health supplements, and even pet items just to name a few.

The vendor or seller of the item in question gives you a special affiliate link that you would then post on your website or blog. If a visitor clicks on your link and makes a purchase, you will receive a portion of the sale or commission based upon the total price of the transaction. Affiliate marketing has been known to be a very profitable business model for many people however the questions still remains, can you become a millionaire by using affiliate marketing?

The answer to that question is simple yet complicated, while it is possible to make a lot of money using affiliate marketing even millions of dollars, it’s a very tough process. In order to make millions of dollars using affiliate marketing, you’ll need to master the dynamics of SEO, web design, marketing, content creation, and a lot more. Before trying to become a millionaire with affiliate marketing, you need to understand that the process will take time and patience.

With all of that being said, it’s not impossible to become a millionaire with affiliate marketing. One of the things to remember when starting out in affiliate marketing is that the simple approach is often times the most effective. Don’t try to overwhelm yourself with too many websites or other marketing avenues which may distract from your core goal.

One of the key elements to becoming a successful affiliate marketer is choosing the right affiliate marketing programs. Choose the affiliate marketing program that offers the best price and most features without taking too much of a cut out of your profits. As long as you follow all of these steps and exercise patience, you should be well on your way to making big money with affiliate marketing.

Why Most fail at E Commerce and how to fix this growing problem.

With everyone, jumping in on the ” New Gold Rush ” in online E Commerce stores and wanting a piece, of this Billion and soon to be a Trillion dollar market. Most will fail, because. The lack of brand ability. Or, lack of knowledge, in this space. Marketing Land and David Rekuc. Discuss the best ways to approach this growing problem and how to fix it fast.

Why Most Brands Fail At E-Commerce (And 4 Keys To How To Fix It)

The first step: stop waiting for sales to come to you. Columnist David Rekuc believes that for online retail success, your website should act as a salesperson, not a waiter.

no-waiter-ss-1920I’m told e-commerce is a breakneck industry — “innovate or die.” Yet I see so many successful brands more or less doing what they’ve been doing since the 90s, at least when it comes to online sales. Usually, the problem lies in the fundamental approach they take to online retail.

Too many brands have built a digital presence with a “waiter” mentality, relying on a website that acts as a glorified order form and delivering product to consumers who have come looking for it. Instead, e-commerce should be thought of as a “salesperson,” a workhorse increasing the value of current customers and actively acquiring new ones.

For the record, I focus on brands in this article, but a lot of this advice holds true for successful retailers who have built their empire offline.

A few years ago, my company helped shift the online mentality of a B2B brand from waiter to salesperson. After the first 12 months with this new approach, the brand’s online sales increased more than 30% year-over-year. In the following three years, the entire organization’s revenue grew by more than 50%.

So, how do you know if your digital footprint is more waiter or salesperson? I’ll go through four ways brands (and multichannel retailers) regularly drop the ball – as well as the first steps to addressing each issue. But it all starts with your e-commerce site.

1. Your Site Doesn’t Sell Itself

First, understand there is no showroom, no staff, and no catalog to supplement your website. It is not enough to have a site that converts well with your existing customer base. To take your digital presence to the next level, your e-commerce site has to convince brand new users to buy.

First Step: Your product detail pages must sell the product, or the customer is gone. Your homepage, your about page, and – perhaps most importantly – your policy pages must instill trust as if your site visitor has never heard of you. This starts with compelling copy, a place for customer reviews, 21st century shipping/return policies, and professional photography.

2. Your Digital Marketing Needs Work

One of the biggest problems many brands face is that their core competency isn’t in digital marketing. They have a direct-to-consumer website because it’s in vogue, but most are brick-and-mortar devotees at heart. To them, e-commerce is a symptom of other retailing success.

However, if you believe in making your site a salesperson (read: marketing vehicle) rather than just a waiter (read: operational tool), you’ve got to start playing in the digital marketing world. Here are some spaces where you could probably use a boost:

Paid Search

Waiter: Brands playing the waiter role use paid search to protect existing demand. They may dabble in some non-brand or shopping campaigns, but the bread and butter of their account is a campaign built on branded keywords. And because the volume of their brand search is largely out of their hands, their focus is to capitalize on volume that exists efficiently and effectively.

Salesperson: For enterprising brand marketers, paid search is first and foremost a customer acquisition vehicle. They use it to introduce new “in market” shoppers to their products and convert them into paying customers, making sure to cut down on wasteful ad spend with the use of targeted negative keywords. Sure, they protect their brand terms with the requisite campaigns, but the lion’s share of spend goes towards non-brand keywords and shopping campaigns that acquire new business.

Comparison-Shopping Engines

Waiter: Many brands are unable to profitably sustain themselves on comparison-shopping engines. Very often it has little to do with the actual channel management itself. Instead it’s a symptom of the organization’s unwillingness to compete with other online merchants. They’re victim to high prices and shipping costs, product detail pages that fall flat, and unfavorable return policies.

Salesperson: A highly competitive brand can typically support multiple comparison-shopping engines, including eBay shopping network, Google Shopping, and Nextag, among others.  Brands can sustain these channels simply because the products they carry are competitive in the marketplace, their site effectively sells them, and their digital marketing team goes after new customers ruthlessly.

Non-Brand SEO

Waiter: You may be a waiter if… you track SEO traffic, but you feel a sense of powerlessness when it comes to increasing it. The fundamental flaw in this logic is that your current traffic is almost exclusively finding you using branded terms. A quick way to tell if this is the case is by taking a look at a landing page report for natural search; it would show that the overwhelming majority of traffic lands on your homepage with very little activity on interior pages.

Salesperson: A site using SEO to acquire new business is focusing on driving new customers with non-brand terms. They have their brand terms locked down and optimized, but the majority of their time is focused on driving new traffic with key search terms. Most of this actually happens away from the homepage, primarily on category and product pages.

Social Media

Waiter: The waiter’s social media presence looks a lot like a town hall meeting. There are a few folks there to complain, but for the most part the person running your accounts is talking to him or herself. Social media should not act (only) as a glorified customer service channel. For what it’s worth, I think Pinterest might be the single best social media platform for online retail.

Salesperson: The salesperson uses social media to encourage customer conversations, create an engaging culture associated with the brand, and drive micro-conversions (email sign ups, shares, referrals, etc.) that can lead to increased sales. And they revel in relatively affordable ad inventory, knowing that social media users are typically worth more than their non-tweeting, non-pinning counterparts.

First Step: The first step towards using a digital marketing channel as a customer acquisition vehicle is looking at the right metrics. How many new customers are you acquiring with each digital channel? Once you consider this your primary performance metric – and are determined to do what it takes to see it grow – you’re ready to start tinkering with each channel.

3. Your Offers Aren’t Good Enough

If you want your digital marketing channels to succeed at acquiring new customers, you have to support them with aggressive promotions that are hard to turn down.  The good news is that by investing in aggressive offers, you make the rest of your marketing endeavors that much more efficient. Pure play e-commerce companies are a great place to look for inspiration.

Let’s take online retailer (and e-commerce darling) Warby Parker as an example. The company allows new visitors to try on 5 pairs of glasses completely for free.

Warby Parker Free TrialWarby Parker also pays shipping and returns with no commitment on the part of the shopper. That’s a pretty convincing way to get customers to try their product. Another example is Audible.com (an Amazon company), which lets shoppers try their first audio book completely free.

Both of these companies use a loss leader to act as a salesperson on their site. They remove the traditional e-commerce barriers – shipping costs and product uncertainty – to drastically improve initial conversion rates. To sustain this strategy, they’ve got to be diligent about making sure these loss leaders result in paying customers and making sure lifetime customer values exceed customer acquisition costs.

First Step: Experiment with different hard offers. The goal is to find something that not only increases conversion rates on those first orders but also creates a valuable customer after the first transaction. Think, “How can I make it easier for new customers to give our brand a try?”

4. You Don’t Value The Almighty Email

A waiter might say, “Hope you come back!” at the end of a meal, but a good salesperson always gets a phone number (or in recent years an email address) to actively follow up after a potential customer has gone home.

Smart brand marketers know that even when they drive a ton of new traffic to their site, they’re only going to get orders from a very small percentage of those visitors.  Typical conversion rates hover around 2% or 3%. The next step is to convince the other 97% of visitors to return.

Both Warby Parker and Audible.com collect email addresses in exchange for their free trials. Not only are they giving the customer a taste of their product, they’ve made it easy to follow up on that sample later on.

In the same vein, Blue Nile, an online jeweler, uses a giveaway pop-up to collect emails as soon as a customer “walks in the door.” According to the official rules, this giveaway runs until July 7, or almost 4 months after I first grabbed this screenshot.

Blue Nile Diamond GiveawayGiven how many visitors land on their site on a daily basis, Blue Nile is probably subscribing tens of thousands of email subscriptions for the cost of a single giveaway. And considering the only cost to run this giveaway is the $5,000 diamond itself (which Blue Nile is not actually paying $5,000 for, of course), this is an incredibly affordable campaign that, once again, makes every single marketing tactic they run that much more efficient.

It’s been said before, but it bears repeating: email may not be as cool and shiny and new as other digital marketing channels, but it is incredibly effective.

First Step: Come up with an immediate discount or giveaway and start collecting emails aggressively, as soon as a visitor lands on your site. Once you start building a database of email subscribers, you can begin reaching out to them with marketing emails and eventually increase the efficiency of your list with clever A/B tests. By tracking the value of the email addresses you’ve collected over the following 3, 6, 12 months, you’ll be able to determine what a new email is worth for future campaigns.

How to make money with your New E Commerce Store !

Imagine, you just launched your New Store ( Online Business ) You picked your favorite items. Or, item to promote. Now what ? What do you do next. How are you going to get the Right Traffic, to buy from you ? What is the best way to go about making your new business work. With out going broke in the process. Home Grown Income Blog, helps you with these questions and a whole lot More !

E-commerce refers to any type of business conducted online. The most popular example of eCommerce is online shopping, which is defined as buying and selling of goods via the internet on any device.

E-commerce is the fastest growing retail market and it is estimated to reach over $4 trillion in sales in 2020.

E-commerce is a fairly simple yet profitable method of making money online and this guide will focus on creating an online store using Shopify to sell products.

Getting Started

Before you build your online store you need to know what to sell and how to source it. Firstly you need to find a niche, for example, fitness, technology, bodycon/summer dresses, pet products and baby products are very popular right now.

You can also go on Instagram and see what all of the popular instagrammers are promoting to get an idea of what you should sell. Detox and weight loss teas as well as backless, strapless bras and clothing seem to be popular.

Another site where you can do some research is Amazon, you just look at the top selling products in a particular category and write them down. This trick is well known but since you will be selling these products on your own site and not Amazon you do not need to worry about any direct competition.

Finally you can go on YouTube and type in “fitness tracker reviews”, “summer dress review” or a review of any product you have found for additional inspiration.

Setting up your store: Starting Out

After doing your research, create a list of atleast 20 products you want to source, next:

Create an online store with Shopify, it is free for 14 days and no credit card is needed, however during the trial you should have made enough sales to get you started and keep your store going.

You can choose from a range of free and premium themes to help you bring your store to life.

Once you have signed up you can use the powerful Oberlo plugin which is available through the store builder, this will take care of the storing and shipping by allowing you to automate the fufillment processs.

Oberlo is a dropshipping plugin which means that you will not have to physically store, pack and ship any products. You simply import products from Oberlo into your store and start selling, the suppliers do everything else, this is the beauty of drop shipping.

If you plan on just using Oberlo then you can skip “The Finishing Steps (Alibaba)” section after reading the “The Finishing Steps (Oberlo)” section.

Setting up your store: The Finishing Steps (Oberlo)

Next you need to setup a payment processor on your Shopify store, you can use Shopify Payments or a third party solution like PayPal and Stripe.

Create an account on AliExpress and use Oberlo’s chrome extension to import your chosen products in a few minutes.

Setting up your store: The Finishing Steps (Alibaba)

First, setup a payment processor, either Shopify Payments or a third party processor like PayPal or Stripe, you can see a list of supported payment gateways listed by country here.

If you don’t mind fufilling orders yourself you have some startup money you can go to Alibaba, search for the products you listed, find 2–3 suppliers, order a sample, then once you are happy, you can order your first batch. It is best to start with smaller quantities for your first batch:

100–300pcs for really cheap products (less than a dollar)

100pcs for cheap products ($1 — $9)

20–50pcs for expensive items ($10 and above)

Shipping doesn’t take too long so you can always top up your starter batch when sales pick up.

It is best to start your first batch simple, for example if you are selling fitness trackers, start with one color and 50pcs, if you are selling dresses, start with 2–3 colors in 3 sizes (S, M, L) and 20–50pcs each.

Your store should be looking good by now, if you need product pictures you can always ask the suppliers to provide you with them, this is easier than taking the pictures yourself.

Marketing: Leverage the Power of Social Media

Now your store is up and running, next you need to let people know about your new business! Social media can be a powerful marketing tool once you know how to use it.

Facbook Adverts

To run a Facebook Ad campaign you will first need to setup a FB page for your business and run two adverts, one to advertise your Facebook page and one to link back to your store.

Example of a Facebook Advert for Casper’s online store

Set a budget of $6 — $10 a day depending on how much you are willing to spend but make sure you set a maximum budget of £50 — $100 in total.

Regarding content on your FB page, post relevent content to the niche you are selling in, for example if you are selling fitness products, post articles related to fitness to keep your audience engaged.

The aim of your Facebook page is to attract interest so stick with engaging, interesting and even funny content as long as it is related to the niche your product is selling in.

Instagram Marketing

Remember the Instagram example I mentioned earlier? Well now you can contact the popular Instagram influencers yourself and ask them if they are willing to promote your products for you.

Bare in mind that the larger following the influencer has, the more they will expect you to pay, the smaller and less well known influencers might even do some promotions for free to get them started but I rely on free promotions as a strategy.

Check how many followers the influencer has and offer to pay $25 — $50 to influencers who have 100,000–250,000 followers.

You can even contact Instagrammers with less than 100,0000 followers (i.e 60,000–90,000) but do not offer more than $25 for promotions from them.

Once you have found your chosen Instagrammer, send them a DM and get negotiating!

Marketing: Customer Targeting

When targeting your customers it is best to be specific, this goes for FB ads and social media pages.

If you are selling fitness watches, target people who are active and going to the gym regularly, if you are selling diet forumulas then target people who are trying to lose weight.

When running your adverts it is good to choose big cities (for example Los Angeles and New York if you are targeting US customers and London or Birmingham if you are targeting UK based customers).

Wrapping Up

So to sum everything up:

  1. Research potential products using Amazon and list 20 of your favourite products
  2. Build your online store with Shopify
  3. Use the Oberlo plugin or source products using Alibaba.
  4. Setup your payment processor
  5. Market your store using Facebook and Instagram.

Finally do not forget to reinvest your profits, as your business grows, demand will grow so you need to put your money back into your business to cater to the influx of new customers.

Marketing trends you can’t ignore for your business in 2019

With the rise of the under ground marketer and home business boom. One, must not ignore, what it will take to make it in 2019 and beyond. Single grain and growth matters and Dean kamen will go over 5 must haves in your business tool bag. You will need to grow and become successful online and offline. In to days market place.

The thing with innovations is that you can’t predict if or when they become mainstream. The television was invented in the 1920s but it took almost 50 years for it to be in almost every home in the country. However, the smartphone took less than a decade to achieve the same feat. Today we can’t even imagine going anywhere without a mobile device in hand.

The same goes for any new innovation in the marketing sector. In a highly connected world, attention spans are pretty limited. Consumers want everything fast. Whatever you have to offer, they want it now.

That is the mantra of every business that hopes to win big in a world where marketers now have access to every demographic from baby boomers to generation Z. To illustrate how serious marketers are in catering to such demands, take a look at these stats:

  • 61% of marketers say that growing their online presence and improving SEO is their top priority for inbound marketing (HubSpot)
  • 81% of consumers research products online before purchases (Social Media Today)
  • One in ten consumers are likely to switch to service providers if they seem more ethical than competing providers (Econsultancy)

These stats highlight a startling fact for product marketers – they won’t get anywhere by trying to market to consumers directly. Consumers are smarter now and thanks to digital technologies, they are also more informed.

Fortunately, marketers can ride the same wave of innovations to reach this audience and in this post, I will discuss how.

Free Bonus Download: Get our free marketing guide to learn tactics that have actually generated millions of dollars for our clients! Click here to download it for free right now!

1) Artificial Intelligence (AI)

AI (artificial intelligence) advancements like deep learning make it possible for machines to recognize faces and even allow cars to drive themselves. Now, online marketers are using AI to reach and engage consumers in order to sell their products.

Artificial intelligence marketing is a mode of advertising that uses AI advancements like machine learning and deep learning to market to customers. Notable features that are possible with these revolutions are Natural Language Processing (NLP) and image processing.

Here is why AI is considered a valuable tool for marketers today:

  • Generating content: A few years ago, Gartner predicted that 20% of business content will be produced by machines in 2018. We are still a long way from AI being intelligent enough to write a critique or comment on a political event, but there are some areas where the technology can create human-sounding content, such as business copy, ads, reports (like Forbes’ earning reports), and automatically generated content . For example, AI program called Wordsmith generated around 1.5 billion pieces of content in 2016. You simply enter the data you have, write a template, and voila – your content is created. AI can create content for marketers in a similar way to how chatbots are programmed: they respond to people via an enormous database that they can access and learn over time through the conversations they have.
  • Smarter promotions: Machine learning algorithms can go through vast amounts of data to determine which ads would appeal to particular target audiences. For example, consider Amazon’s AI-powered product recommendation system. It recommends products according to what repeat visitors or customers have bought or searched for on Amazon.com in the past.
  • Optimizing for RankBrain: Ever wondered how Google now knows what you are going to look for before you are finished typing in the search bar? You can thank RankBrain, Google’s machine learning technology that analyzes your search queries and processes results according to what you are likely looking for.

There is no question that content and online search habits are an important part of an SEO (Search Engine Optimization) strategy. With this in mind, artificial intelligence is enabling marketers to shed their dependency on traditional modes of advertising like TV and print.

Learn More: How Artificial Intelligence Is Revolutionizing the Digital Marketing Sphere

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2) Virtual Reality (VR)

Virtual Reality headsets and software have made a name for themselves in gaming, but lately the technology is also enabling marketers to change how consumers perceive their products.

In general, VR is a computer technology used to create simulated and completely immersive environments. Consider VR headsets like the Oculus Rift and Samsung Gear VR which consumers can use to virtually transport themselves in alternate realities or even another country.

According to Facebook founder and owner of the Oculus Rift, Mark Zuckerberg, “Virtual Reality was once the dream of science fiction. But the Internet was also once a dream, and so were computers and smartphones.”

Here is how this particular innovation is helping businesses improve marketing efforts:

  • Demonstrating product attributes: We like to try out products before we buy to ensure that spending our hard-earned money is worth it. Recently, businesses have been using VR to allow consumers to try out products without having to step into a physical store. To illustrate, consider the NYT VR app launched by The New York Times. Viewable through VR headsets like Google Cardboard, print subscribers can use the app to actually experience different news stories from around the world.

NYTVR

  • Helping consumers make more informed choices: Let’s say that you have to fix a plumbing issue in your home but you don’t want to pay for plumbing services and you don’t have the skills to do it yourself. Take a page from home improvement company Lowe’s which launched its VR Holoroom How-To tools. The tool guides customers through home improvement projects using the brand’s products and in the process makes them happier about their purchases. Using Lowe’s Holoroom How-To VR tool gave customers a 36% better recall about that task than those who just watched the same How-To video on YouTube.
  • More immersive storytelling: Brands use storytelling to keep their products or service fresh and exciting, and to nurture better engagement with customers. With VR technology, you now have the chance to offer consumers more immersive experiences. Patron, a tequila company, used the power of VR to create a 360-degree journey that took viewers through their product’s lifecycle from the fields to the dinner table.

With VR, brand marketers now have a powerful way to engage and reach out to more consumers in a highly personal way.

3 – Augmented Reality (AR)

A little clarification here. Unlike VR, which completely replaces what your eyes can see, Augmented Reality (AR) lets you see virtual objects positioned in the real world. A famous example is the Pokémon GO app which projects Pokémon, the game’s titular character, into the environment around you with a smartphone’s GPS and camera functions.

Here is how AR is helping marketers improve how they reach and engage consumers:

  • Practically using products: TV commercials often show products in action to make a case for them. With augmented reality apps, brands are improving that experience. For example, with the AR app from furniture manufacturer Home Depot, customers can determine how the brand’s products will look in their homes.

home-depot-augmented-reality

Learn More: Facebook and Apple Marketers Are Mainstreaming AR

  • Increasing viewership: AR is bringing technology outdoors. Lately some channels have been using augmented reality to bring the same experience in real-world settings into the broadcasting room. Consider weather channels that use green screens to make storm broadcasts more interesting. For example, the Max Reality AR software by The Weather Channel integrates 3D imagery into the televised weather news, bringing three dimensional storms, animated humidity graphs, and traffic maps into the viewers’ experience.
Free Bonus Download: Get our free marketing guide to learn tactics that have actually generated millions of dollars for our clients! Click here to download it for free right now!

4) Internet of Things (IoT)

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With the Internet of Things, many devices (such as smartphones, coffee makers, and cars) are now “smart” which gives us the ability to market them in ways that were previously unthinkable. Statistics from IDC show that global IoT spending will experience a 15.6% compound annual growth rate (CAGR) and will reach $1.2 trillion by 2020.

In general, the Internet of Things is a series of interconnected devices or physical objects, people and even animals that are provided with unique identifiers. These identifiers have the ability to transfer data over networks without requiring any intervention. A common example is home surveillance systems which allow homeowners to monitor their houses with their smartphones.

To illustrate how the IoT benefits marketers, here is what you should know:

  • Self-marketing: Once connected, products become media and thus are able to market themselves. Consider Fitbit, an activity tracker that allows users to post the status of their runs on social media – a classic example of a connected object advertising its benefits.

FItbit alta

  • Mutually beneficial marketing: Connecting objects also enables business to take advantage of the connectivity to make mutually beneficial marketing decisions. For example, Spotify and Uber linked their services to allow users to connect their Spotify account with their Uber apps and personalize their ride. The service allows users to play music from their Spotify lists in an Uber ride. It’s basically two apps talking to one another and a car to showcase what they can do together.

Related Content: The Future of SEO: How AI and Machine Learning Will Impact Content

5) Big Data

Before innovations like the Internet of Things and artificial intelligence became household names, Big Data was nothing more than vast amounts of information. No one knew how to harness it. No one knew how to derive meaning from it.

Now, data sets have become a valuable commodity for marketers, giving them insights into consumer behavior and the potential to improve their marketing efforts.

  • New Ideas: Big Data is giving marketers new ideas and the chance to execute them in ways that were unfathomable before. For example, consider how big data allows marketers to promote products in real time. To illustrate just how plausible this is, consider the Oreo Super Bowl campaign in 2013.When a blackout halted the game, Oreo started tweeting the phrase “Power out? No problem. You can still dunk in the dark.” The post went viral on Twitter and Facebook which gained a massive social media following and improved brand awareness.
  • User Behavior: With the ability to effectively analyze this huge amount of information, Big Data allows you to learn patterns – like customer behavior or current market trends – and market your product or campaign to a highly relevant audience. From a click on a website to a swipe on a mobile application, every action of a user is a sign of interest. And when marketers have tons of data available (especially when combined with machine learning), it helps them reach people who are most likely to convert.

With this fact, it isn’t surprising that the revenue forecast for Big Data is estimated at $92 billion by 2026.