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They'd be selling it on a one-page web site for $99.95 (and those sites may be one of the best ways to make money quickly, actually).
Seriously, you need to spend some time getting to know the possible opportunities, planning, and developing whatever it is you decide to do. There's no simple get-rich-quick plan. Or even a get-moderate-income-plan.
Note, I don't have such intelligence or skills either. It took me about 3 years to reach that level of income.
Now, three years after that, I'm pleased to report I make a bit more than that. ;-)
I don't know what kind of con men are going around telling people they can get rich quick with affiliate marketing. But they are little more than con men, I can assure you of that.
It IS possible to make A LOT of money with affiliate marketing. To get a check every month without ever having to interact with a customer or touch a product or do anything "real" at all. But it's not easy and it takes time.
He is basically using PPC to market some merchant products. It is only with PPC that you can get a decent amount of traffic quickly. SEO would take at least a few months.
Another "easy" but risky way would be to buy established websites as laertes said, but to make an income of $3-4000 a month, you would need to spend anything from $20,000-50,000.
Basically both strategies would entail a substantial degree of financial risk.
[edited by: jcoronella at 12:52 am (utc) on Oct. 6, 2005]
I like the ppc thing and am thinking of integrating it with my current site plan. The problem is like you said SEO is slow and my site is service based. I cannot hire an outside SEO to increase sales without affecting the labour and time factor, which would increase office and other costs.
How do you think I can monetize a service online by converting it into a product. Would people pay for a newsletter? How difficult is it to create an ebook quickly for a ppc campaign? Or would you suggest a better way?
anyways.. what is the fastest way you ask.. now that I know how things work.. I can make a program profitable in a matter of days... but making a particular program produce that much income is a little tougher and requires more research and dedication... also depends on the industry... I believe one would need to start small understand how things work and take few more small steps to go further... and this cycle goes on..
I suggest signing up with cj look at their advertisers.. and look for programs that have sales history with good 7 day epc.. and then start researching keywords related to that particular program... open overture account and adwords... and bid on those keywords.. preferrably thousands of keywords at a minimal cost... and then observe then tweak and then observe.. and of course on the side read all about adwords and overture... to understand how they work so you can use them to your advantage... in about 2 months... you can probably make $100 or so a month... but if you put a lot of time.. you might improve faster.... this is all ppc of course... seo would take longer...
there you go... can someone please send my a cheque... I'll give you a 50% discount.. $49 will do.. :) hehe...
I already did so. Thanks Derek.
"Is this a joke? Buddy, as mentioned before, if you are asking this question then you don't have the mindset to make it. I think your time would be better spent looking for a 9-5."
My friend with this kind of an attitude you will be stuck in self-defeating beliefs. Making money is all about minimizing risk relative to your capacity while maximizing profit. This ratio is different for everyone because their backgrounds are different. So your assumptions by default are false and self-destructive.
Thanks tsinoy for the clarification. This is a good tip. It seems the learning curve is the biggest problem to overcome.
I have to thank others for their ideas as well. Now let me get some action rolling.
1.) Doubters, don't listen to them, they are a waste of time and very negative about everything.
2.) Haters, they are failures who couldn't do it, so they insist that you can't either. (they're always wrong).
3.) Successfuls, they did it and like to show others how to because they've reached a point where money is no longer a satisfier in their lives. (get to know these people well)
4.) Procrastinators, they have a million good ideas, but never move on any of them. Usually they have a fear of failure. (they just need a swift kick in the rear to get going)
5.) Board Warriors, they spend massive amounts of wasted time posting on forums, they have lots to say but usually no clue what they're talking about.
That's just a few types. Each one has been represented in this thread. Can you figure out who is who? LOL
Affiliate marketing is very complex and takes years to become successful.
Not many people in here are going to give you the secrets, that have taken them years to learn, so you can go and make a quick buck. I will give you one though - TARGETING.
I for example studied and worked in finance but enjoy artistic things more. So even though I know the financial sector well, I would not feel like doing financial affiliate programs though they pay well. To me it is not just about making money and switching careers but also about doing something more fun than crunching numbers day in and day out, something where even when you are working you think and feel you are doing what you enjoy.
As for the hobby thing you mentioned, I thought if I was going to swing from one tree to another to get the apple I might as well do so to the one with the juiciest ones.
IMO, you can probably double or triple your income with that much ppc spending...:)
I've seen someone make $10K from $800 ppc, I'm sure $93K could do much much more.. :)
what if you do half as well in ROI.. you still make about $581,250.
"I've seen someone make $10K from $800 ppc"
tsinoy i spend so much on ppc because i am in a niche market and trying to build a brand, you have to take in to account the members generated form the ppc its not a open to all site, as long as i make a profit its all good.
[edited by: Drastic at 3:33 pm (utc) on Oct. 13, 2005]
[edit reason] AGAIN - that topic is NOT discussed here [/edit]