Boomers Make Money Online Without Their Own Products

Consider affiliate online marketing if you need to supplement your retirement income. It’s a clever way to make money on the internet without having your own products.

As you look through the internet you are bombarded with many get rich quick schemes and adverts. All claiming easy, over night riches. On the other hand there are loads of stories of total failure.

So who do you believe? In short you should believe the simple maxim in life “if it looks too good to be true, it is!”

So what is affiliate online marketing?

Affiliate online marketing simply involves the promotion and selling of products that other people have produced. This includes a wide variety from hard goods to E-books and videos.

Online businesses free you from much of the daily grind and the headaches of a brick and mortar business:
- No long leases for premises
- No delivery of products
- No facing difficult customers
- No hiring and firing of staff.
You just have the fun of making money!

Someone creates a product. In many cases this is a digital product. They then use other people (affiliates) to sell it and earn a commission. To attract the best sellers this rate is often set quite high. Earnings may either be a one off or you may be able to make a lifetime income through repeated sales or a monthly service agreement. The one time payment can either be for the actual sale, or the referral, or an action.

Affiliate programs may also be called referral programs or partnership programs. They are all commission-based sales schemes. The money earned is the affiliate commission. It is a win-win situation in that the seller benefits from the commission and the product owner from the sale.

Eighty percent of affiliate programs today use revenue sharing or cost per sale (CPS) as a basis for payment. The balance using cost per action (CPA) or cost per click (CPC).

While this concept looks very simple, there must be some reason why some internet affiliate online marketers out perform others. Research has shown that about 3% of affiliate marketers make 97% of the money. This either means that the 3% make large amounts of money while the other make a reasonable amount or that the affiliate success rate is low.

Different programs are pitched at different levels of knowledge and skill. Time won’t be wasted in doing research to find one that suits you.

If you are just starting internet marketing and affiliate online marketing I suggest you use a simple step-by-step process with limited options. The problem with some of the programs is that they have been developed by Internet gurus. They are so far ahead that we’re lost within the first few minutes.

In some cases they tell you what you should do without telling you how to do it. They give you many ideas. Without explaining which ones are more important. Either in terms of getting sales or in terms of difficulty or cost. The options of this, or this, or this is great when you understand what it means, and when you have an idea of how to do it.

If the program is too complicated, you have too many things to learn and too many options you will soon be overwhelmed and most probably give up.

Affiliate online marketing is an excellent way to sell a service, or distribute a product, and also earn some additional money. You can indulge your passion and earn a living … the best retirement income option?

There are literally thousands and thousands of “products” that can be sold through affiliate programs. There are products to suit every type of small business person. You can work from home you can do it as a second job. The options and opportunities are endless.

Patrick Millerd is a “nevertiree” living the life of a digital nomad. Let him help you discover how you can also earn money online and put you on the path to the financial freedom that you want at BoomerInternetSystem.