Randy Roedl

posted by Randy Roedl on Jun 3

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If you already spend a fair amount of time blogging,
money may come to you literally as soon as you ask for
it. Once you have an established blog with a regular
readership, it is easy to turn a profit through advertising.
By hosting sponsored links or banners, you can see
income from your hobby almost overnight. Even if you
did not start your blog intending to turn a profit, making
supplementary income from your blog may be easier
than you think.

Of course, even for people who have spent months or
years blogging, money from advertising revenue may
not add up to a large sum. The amount of money that
you can make as a blogger depends on a lot of different
factors, but perhaps the most important element of the
equation is the topic of your blog. If your blog is on a
subject that appeals to a demographic that advertisers
have a strong desire to reach, you will be more likely to
be able to turn a large profit on your blog than if your
blog is on a fairly obscure subject that does not draw
the kind of audience that advertisers need to appeal to.
Of course, the only way to find out where you fall on
this spectrum is to try hosting some ads. If you are
already blogging, you have nothing to lose. 

posted by Randy Roedl on Apr 28

There are no great secrets to affiliate marketing, just create a website for each product you are promoting. Becoming an affiliate marketer for someone else allows you to sell their product or service without leaving home or ever buying stock but earning money from every sale you make. Anything from one page to a large site can be used which can be updated as new products are launched. Many new Internet Marketers start off this way with some never changing what they do as the potential income id huge.

So far so good but what about the product(s) you intend to sell? Although it may sound like a chore, failing to read and understand a companies affiliate terms and conditions could cost you a great deal of money. The primary reason for this is to ensure when you sell something you are going to get paid! There are many companies that will only trade with certain countries so will not pay affiliates if they live there.

Most affiliate programs pay well but it does depend on their prices to start with; fifty percent is the norm but if you decide to become an Amazon.com affiliate, expect around 5-10 percent (this is worth checking regularly). If you have never researched affiliate marketing before you can try to free web resources to find products and they are: google.com/trends/hottrends and Clickbank.com where you can also sign up for the programs using their own payment gateway. Steer clear of any affiliate programs that request money for membership, this is not normal and it might be the way they earn an income. The majority of programs will use Paypal or Clickbank and both are trustworthy so to ensure you are covered, register with both systems as it is free. There will be time later to use other payment gateways once you have established your affiliate marketing empire.

The biggest problem when you are new at marketing affiliate products is finding good online help; care must be taken because it is easy to get information overload but there are sites and ebooks to help you. Many of the free ebooks contain web links to buy products that the author receives an affiliate commission on but you do not have to click on these and it doesn’t mean the information isn’t of any worth. In the beginning it is probably worthwhile just using whatever free programs and resources you can that will help you start building a regular income. If by using some of the free techniques taught by these authors starts to bring in revenue then you will surely know they are genuine and probably worth buying products or services from.

Some people forget that not everyone searches for things online and to increase exposure to your website you need to consider other forms of advertising to succeed at affiliate marketing. If you provide people with the information they require and point them towards your affiliate website, you cannot go far wrong. By using tracking methods (this is necessary and all affiliate marketers do it) you can decide which advertising methods work and which do not. The biggest benefit to affiliate marketing is there is no restriction on how many companies you can work for. While the Internet is full of information to help you, you are warned that some of it may be incorrect and out of date.

posted by Randy Roedl on Apr 27

When you first start your online business, the first and most obvious question you will ask yourself is…what am I going to sell? Points to consider when deciding the answer to that question are:

· Is it light and easy to ship?
· Is it a digital good that is downloaded (e-book or software)?
· Is it perishable or fragile?
· Does it have to be seen and held (designer fabrics, perhaps)
· Is there enough demand to make your venture profitable?
· Does it have little competition from large online companies (Niche products)?

The last two characteristics are the ones that can be hard to pin down. Here is a generally accepted method of arriving at an idea of how heavy the demand and competition is for a product.

If you have a special interest in some products that meet the above criteria, great, but don’t limit your investigation just to items you like. You are looking for a Niche product with relatively good demand (enough to make it profitable), but without heavy competition.

One way to see what the demand is for products you are interested in is to look at search engines to see how frequently people search for the product you are considering.

The result of all this research should be that one or more products will fit into a niche market - products with some demand, and relatively little supply. For the best results, focus on one niche product category, and offer a wide selection. That way, you can become the best online source for that particular category. For example, instead of offering general craft supplies, offer the widest possible selection of needlepoint kits. This strategy will also allow you to rank higher in search engines because you can optimize your pages for fewer, more specific, keywords.

posted by Randy Roedl on Apr 27

It isn’t hard to set up a good website and start and affiliate marketing career. It isn’t hard at all to find affiliate marketing opportunities on the internet. However, it is a very simple thing to make deadly mistakes that will insure your failure to thrive at affiliate marketing.

One of the most notable affiliate marketing mistakes is to think that all you have to do is find the ones that pay the most, sign up, drive traffic to that site through your affiliate link and you’re all set right? Not exactly.

It’s great to choose an affiliate program that pays a high percentage, but that’s not most important thing to consider. It’s much more important to find a quality affiliate program that meets certain criteria. Here are three mistakes you don’t have to make:

1. You want to make sure the product is a proven seller. You don’t want to waste your time and money driving traffic to a site that doesn’t convert. Find one with a good conversion rate.

2. Make sure the site you become an affiliate for protects its affiliates, and has your best interest at heart. Look for one that provides banners, e-mails, and other tools you can use to promote the site. Also, make sure that there is only one payment option. As an affiliate marketer, you need to be sure that you will get credit for your referral. If there is more than one payment method, you can get shortchanged.

3. Do not choose an affiliate program that promotes an e-mail course. Nothing is worse than becoming an affiliate to a site that’s first goal is to capture e-mail addresses, and then tries to make the sale second. As an affiliate marketer, you need to capture e-mail addresses, then to convert that prospect into a sale. Stick with affiliate programs that aren’t focused on capturing leads because it’s simply not in your best interest. Build your own list, not someone else’s.

posted by Randy Roedl on Apr 25

Everyday that goes by you can bet that any serious website owner is wondering how to get more traffic to their site. This intense desire to generate more clicks makes virtually any online entrepreneur easy prey to many of the traffic schemes and scams that pervade the Internet.

Wild promises of high volume traffic and big bucks often separate even the most savvy business person from their money because they want to believe the promises made by these traffic hucksters. The problem is that high volume doesn’t necessarily translate into a high sales rate.

The visitors who come to your website as a result of  a desire to find out more on a specific, Niche topic, not as a result of exit traffic or membership in a safe list where members simply pitch each other.  Good traffic comes from people clicking links on topics targeted to their interests and getting directed to a website containing information they want and expect as a result of clicking the link. The bottom line is that when you get right down to it the best and most dependable sources of targeted traffic come from links that people click.

Being able to determine which clicks actually result in sales is vital. To track conversions from click to sales, depending on the type of shopping cart software you are using, you can then create a custom order confirmation page - i.e. the page that is displayed once the transaction is complete. This is very easy to do if you’re using a payment processing service such as PayPal.

It’s well known that each search engine and each web site has a particular type of user (age, interests etc.), and they’ll all have different triggers leading them to purchase. All of these things are important for you to know so that your advertising dollars will be spent in the most advantageous places.

posted by Randy Roedl on Apr 24

There is much speculation about how much money you can earn online without your own product. marketing your own digital product on the Internet can be very lucrative but there is no reason why you can’t profit a great deal by using creative methods that offer real value to Internet surfers and have your own product as well.

An affiliate program is really not as difficult to set up as you may think. Thanks to the high demand for affiliate systems recently, there are now lots of ways to set up your own program.

Here’s what you need to set one up:

1. A web site with your own domain name.

2. At least one product or service that you own completely.

3. A system to handle commission tracking and payment.
That sounds pretty easy, doesn’t it? Well, actually it is! And it’s getting easier all the time.

The first two items listed above are self-explanatory. Of course, you need your own website and your own product or service. You can’t very well set up an associate program if you don’t own the site or the product(s) you will be promoting. If you have not taken these two steps, you’ll need to do them first. Once you’ve managed to get by these two steps, you can move right to step three, setting up your program.

You will need to search the Internet for a system that will handle commission tracking and payment. You can try to do this yourself but you will most likely miss some and missed ones are missed income. There are free ones, as well as, paid ones.

The positive aspects of an associate management system are many:

1. You can sign on associates more rapidly and grow a larger force of resellers.

2. You’ll enjoy the automation and online management of affiliates.

3. These systems provide full sales statistics for both you and your associates.

posted by Randy Roedl on Apr 23

You’re probably searching for additional revenue streams to keep your business solid and secure in this contracting economy and uncertain world.  Producing specialized content for sale is one of the fastest, most reliable methods of making extra income fast.  Writing a "white paper" or a special report, is a great way to set yourself up as an expert in your field, and share valuable information with your prospects.

You may already have most of the ingredients for an e-book or special report in your files or archives.  Find out which ingredients make customers willing to pay you for material available from other sources, and what elements you should include in your marketing copy to spark their interest in buying now.

Here are the steps to take when writing your special report:

· Have your end goal in mind before you start.

· Do you want to find a way to increase sales, while reducing your cost to acquire those sales?

· Who are you trying to impress and what is important to them?

· What distribution method will be best?

· How many people do you want to impact with this report?

· Make sure the layout of your special report looks pleasing, and is very easy to read.

· Keep in mind that it’s basically salesmanship in print.

· Keep your facts accurate, very brief and to the point. The denser your information, the more valuable and more likely to keep the interest of your reader.

· Write an attention getting headline. 95% of your readers will decide if they will read your special report based totally on your headline, so make it great and make it benefit driven.

Get it on the web. When emailing others, include your white paper URL in your SIG line of your Email or include the URL when promoting your special report on Email discussion lists.

posted by Randy Roedl on Apr 22

No matter what type of email you send out, you’ll need a mailing list. The basic way to build a mailing list is by capturing name and email address information for everyone who buys or shows interest in your product.

An email list that YOU COLLECT YOURSELF is worth its weight in gold. This can be accomplished by using a list manager on your site. List managers also provide the HTML coding for the form on the Gateway pages. A list manager collects the email addresses that are gathered with the form.  Thus, your email list is collected. This might take some time so there are methods to use until you get your own email list built.

One way to build a mailing list is to do ad swaps with other list owners. The way this works is, you (as company A) have an email list that you send newsletters to and another list owner (company B) has a list they send newsletters to. Company A and Company B place ads on one another’s mailing lists. Each of you is promoting the other’s list.

You can rent or buy targeted email lists. The list you develop using your own customers’ names is called your “house list.” Of course, when you’re first starting out, your house list is likely to be skimpy. To augment it, one way to go is rent or buy a mailing list. There are two ways to buy or rent a mailing list—approaching the company you want to rent from directly or using a list broker. Any company that emails information to its customers usually has a list manager, who handles inquiries and orders for the mailing list.

Another way to build an email list is to list your newsletter in all of the ezine directories. 

posted by Randy Roedl on Apr 21

When you are just starting your online business finding the right products to sell online is the number one problem. Knowing where to look can help.

1. Drop Shipper Directories Drop shippers are wholesalers that will ship direct to your customers so that you don’t have to invest in or store inventory. Directories of drop shippers are for sale online, but make sure you’re buying a reputable one.

2. Local Businesses: You may find businesses in your backyard that offer just the right products, but are not yet into e-commerce. Offer to sell their product online in exchange for a percentage of any profits you make.

3. Crafters: Local crafters are a good source of unique products, and may be willing to reduce their prices for you if you purchase in quantity. Either buy the item outright, or set up a consignment arrangement with them.

4. Garage sales and flea markets: G garage sales are a good place to look for items to sell online. Do some research into categories that interest you, and then start scouring sales for good prices.

5. ebay: ebay itself can be a source for products. Look for wholesale lots that can be broken down for individual sale.

6. Wholesaler Directories: Your local library will probably have directories of manufacturers, wholesalers, and/or distributors. Most directories are organized by SIC code so that you can zero in on the product categories that interested you.

7. Trade Shows: Trade shows are a great way to source products. Lots of merchants gather in one place to look for resellers. To find trade shows in a particular industry, contact trade associations and industry publications.

8. Importers/Exporters: You might want to consider contacting companies that import goods from overseas. It’s possible to source directly from overseas. This requires a lot of expertise, but many companies do it successfully.

posted by Randy Roedl on Apr 20

Thieves are a problem out in the brick and mortar world is for business owners and thieves are a concern for cyber space business owners. Out in the brick and mortar world, thieves will take money and merchandise and it isn’t any different online. The real world merchants use locks and alarms to deter thieves. Internet business owners need to use anti-theft software to protect their commissions. Here are some things you can do to protect yourself and your commissions:

1. Use Meta Refresh: A meta refresh is a simple bit of HTML code which automatically redirects your visitor to another page (your affiliate URL). It provides a neat way of presenting affiliate links in newsletters. It probably helps reduce commission bypassing and commission hijacking. A big advantage of using meta refreshes is that if merchants change their affiliate links, you can change links on dozens of pages quickly and easily by altering only one file.

One problem is that some search engines don’t like meta refreshes because they’re frequently used for unsavory purposes. So if you use this technique, use it with caution.

2. Use a URL redirection service. You can use free services or buy a unique domain name for each affiliate program you join. URL redirection makes affiliate links less obvious, so this will reduce some commission thefts.

3. Use a web-based ad tracking service. The ad tracking link initially hides the affiliate link, reducing thefts.

4. Use an ad tracking script. Good ad tracking scripts hide the affiliate link as well as being useful for tracking. It has the advantage that it doesn’t promote someone else’s domain.

5. Use JavaScript redirect. Because this initially hides the affiliate link, it should reduce commission thefts.

Be aware that thievery is a problem for online businesses and take the necessary steps to protect your commissions.