The Make Money Online Business

There are thousands of ways to make money on the Internet.

But they all boil down to one simple formula:

(Thing To Sell + People Who Might Want It) * Telling The People About The Thing = $$$$$

Finding Your Thing To Sell

So how do you find your thing to sell?

Well, you could create it yourself, of course. But that's a lot of hard work - and there's an easier way.

Bounty Hunting For Fun And Profit

A lot of other people already have products they'd like to sell more of: from paid dating sites to mortgages to online games.

So they offer a "bounty" to anyone who can persuade people to buy them.

If you can sell the things, then you get the bounty.

That's the basics of affiliate marketing.

Yes, we're basically bounty hunters.

But it gets better: a lot of the time, we don't even have to sell things. We just find people who might buy the thing.

An Easier Way

Finding people who want to buy a product is hard. But f you can persuade someone to try a product for free, they're much more likely to buy it afterward.

Unfortunately, on the Internet, it's no longer very easy to persuade people to try things, even if they are free.

That's where we come in.

A lot of businesspeople are willing to pay a bounty for trial registrations - in other words, for getting people to sign up to a website for free.

That's known as "CPA" - Cash Per Action".

If you can make adverts that persuade people to sign up to a website that's paying a bounty like that, you can make a lot of money.

And that's just what we'll teach you to do.

Where To Find Your People

First, you need people. A lot of people.

The Numbers Behind Affiliate Marketing

Affiliate marketing is a game of big numbers.

Generally, you can persuade somewhere between 0.1% and 1% of the people who see an advert to click on it. From there, somewhere between 2% and 15% of those people will sign up for whatever it was advertising, if it's free.

(If it's not free, you'll see more like 0.5% to 2% of people signing up for it.)

That means that for every "conversion" (signup) that you get, you'll have shown your advert to between 700 and 50,000 people.

The "bounty" that you'll get paid for each conversion is about $5.

That means you need access to a whole lot of people.

Traffic Sources: Your Money Fountain

We call the places you find these people "traffic sources". There are many, many of them.

Some of the most common sources of traffic include:

Running a big, successful website which you control and can put adverts on.
Using Search Engine Optimisation techniques to get visitors from popular Google searches to a website you control.
Paying the owner of a popular website to let you place ads on their site - anything from a popular blog to Facebook.
Paying an "advertising network" to let you place ads on dozens of sites that they manage adverts for.
Paying for ads in a mobile app or other software that's supported by advertising.

Generally, at Stack That Money, we focus on paying for ad space. There's a lot of it out there, it's surprisingly cheap a lot of the time - and if you can make more $$$ than you're spending for your traffic, you can scale up to huge incomes.

Examples of specific traffic sources we use include the website Plenty Of Fish, where millions of people look for dates, and the advertising agency ExoClick, which handles the advertising space of hundreds of top porn sites, from xHamster on down.

How To Tell The People About The Thing

So how do you make more than you spend? Well, that's where the skill comes in.

This Is The Skill Of It All

Affiliate Marketing is half-way between a science and an art.

The science part is testing. We test offers to see which ones get the most people to sign up, we test traffic sources to see which ones provide the most money, and of course we test ads to see which ones are the most persuasive.

The art part is persuasion: we think about what we're offering, we think about what our audience wants, and we try to bridge that gap. We come up with ways to present the offer, we find images that will entice people. Basically, we're Don Draper from Mad Men.

But most importantly: we don't just try one thing.

The Secret Of Making Money

The secret of making money in affiliate marketing is this: try a lot of stuff.

You can never, ever predict what ad will work and what ad won't, or what offer will sell to what audience.

So the way to make serious $$$ is to keep testing.

We test, we experiment, and we record results.

Later sections of this guide will tell you how to do all that, what to test, and how to try new approaches without jumping around at random.

And the good news is that if you keep testing, sooner or later, you will find massive...

PROFIT!

What To Do Now

Go through this guide, and check that you're sure you understand the basics of how affiliate marketing works.

It can be handy to write out a quick summary for yourself of what you've learned.

If you have ANY questions or don't understand anything, post a reply below this post, and I'll jump in to clear things up for you!

Continue to Part 2 on Next Post