|
|
Google Adwords - Online riches without owning a website or product!
Did you know that you can make money from Google Adwords withouthaving a product to sell, or even a website? It's true and thereare many people all around the world quietly making lots ofmoney doing it.So how do you do it?Quite simple really, you become an affiliate.An affiliate is somebody who sells other people's products for ashare of the profits. There a...
|
...re loads of companies on line whoare eager for you to become their affiliate, and will pay youvery well for generating sales for them. Did you know for example that mortgage companies and otherfinancial institutions will pay up to $50 per referral? Normallyyour prospect doesn't even have to take the mortgage in orderfor you to pick up the money, you get it for them just fillingin the form.Satellite TV companies are another example of big payers, andthere a lot of "high ticket...
..." software products that can earn you$100+ commissions. There are loads of other companies in allwalks of life that want you as an affiliate, do a search onGoogle for affiliate - you'll be amazed at what you'll find!Sign up with an affiliate program that interests you and thatyou would be happy and enthusiastic about promoting. If youdon't feel anything positive towards what you are trying topromote you will be less likely to commit your energy towardsit. When you do sign up for your affiliate program, you will beallocated an affiliate "link", a short piece of text with thecompany's website and your unique ID in it. Always be sure touse this link in any promotions you do, or you won't get paid!So how do you get these commissions from your affiliate program?Google Adwords!If you've been living on Mars for the last couple of years,Adwords are the little boxes on the right hand side of thesearch results page which show up when you do a search on Googleand other search engines. They are paid sponsor's advertisementsand your goal is obviously to get as near to the top of thesearch results page as possible, so that as many people aspossible will see your ad.Now to sell the product that you've become an affiliate for, yousimply write a short advertisement with a catchy title and twolines of text and refer the prospect to the sales website. Thisdoes not need to be a website that you own, remember when yousigned up as an affiliate you already created an affiliate linkto the site with your unique ID in it, so that the commissionfrom any sale made goes to you.There have been millions of words written about what makes goodadvertising copy, take a bit of time to read some of them.You'll find many great articles and ebooks you can get for free,study them!Google has a set of standard guidelines as to what they deemacceptable when it comes to writing your ad. You need to readthese and stick to them. The next job is to decide what peoplesearching the internet for your product might type in as asearch, for example if you decide to sell mortgages you mightuse "cheap mortgages" or "best mortgage deals".These phases are known as keywords, and you bid for the keywordson Google. Your bid is the amount of money you are prepared topay for each click on your advert, and bidding starts at $0.05.So if you get a keyword for $0.05 and you get 100 clicks on yoursales page, it costs you 100 x $0.05 ie $5.00.Now let's have a look at your potential profits. A good salespage might get a return of 2% - 3%, ie out of every hundredclicks 2 - 3 will be converted into sales or sign-ups. So if youare promoting mortgages, out of the hundred clicks for your$5.00 outlay you could expect two or three sales, ie a return of$100 - $150. Realistically though you would be doing very well to pay aslittle as $0.05 per click for a market as crowded as mortgages,you would most likely have to bid up considerably higher. Buteven at $0.50 per click, you would only be paying $50 for yourreturn of $100 - $150 in the example above, still a very healthyprofit margin.Obviously the more popular the keyword or phrase the higher yourbid will need to be to secure it, so you will find that phraseslike "cheap mortgages" or "best mortgage deals" will be veryexpensive but will attract a lot of traffic.
|