What is Affiliate Marketing? Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts according to Wikipedia. It's a function of e-commerce. By the way, total e-commerce spending in the United States will hit approximately $262 billion this year, up 13.4% from $231 billion last year, according to a new projection from Forrester Research Inc. Affiliate marketing is a low-risk, high-return strategy for online marketers. U.S. affiliate marketing spending will reach $4 billion by 2014 and will increase at a compound annual growth rate of 16% from 2009 through 2014 according to Forrester Research Inc. By becoming an affiliate marketer, you are plugging into this exchange of buyers and sellers and you are giving yourself an opportunity to make a lot of money.
Some of the top affiliate marketers are pocketing over $2 million a year. There's plenty of money to go around but no promises that you'll make $2 million a year right out of the gate. However, if you are committed to the process, you can make a full time income working part time hours.
Okay, so the next step is to identify the industries you want to help. You may be inclined to decide based on your personal interests. Maybe you've read that a particular industry is about to surge. There are many industries that offer affiliate marketing opportunities.
The renewable energy industry may be of interest to you. There are many products that are available online such as solar-powered flash lights. By the way, when is the last time you saw a solar-powered flash light in Wal-Mart or your local sporting goods store? They are incredibly hard to find. Many people who enjoy the outdoors would save a great deal of money on batteries and lantern fuel if they had solar-powered flash lights and lanterns. This is just one example of items that people will gladly buy from your blog.
Another example is personal financial services. Millions of people are struggling with personal debt and need solutions to help them get back on their feet financially. By offering people credit card debt reduction services or mortgage refinance services that they can't get locally, you are helping them regain control of their life and you will get paid in the process!
Maybe you love to travel or wish you could travel more. Providing travel packages to exotic places may float your boat so to speak.
Provide health-related products/and or services to millions of people who are searching for ways to lose weight and live a more active lifestyle. There are many options to choose from and many ways to make money as an affiliate marketer in most industries.
For more details on creating or marketing your blog for maximum profits, sign up for your free copy of "How to Make $10,000 in 60 Days".
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