1. Affiliate Marketing

Basically, the affiliate marketing model means to promote someone’s product over the Internet. You are helping them with their advertising and are getting paid a commission for that. It is sometimes called making money online. One example I know of is SWA Ultimate E-library. There are actually lots of sites that give members an affiliate fee once they send in members to their site. In a nutshell it means getting paid for recommending other people’s stuff.

  According to "Home Business Models Exposed" SWA E-book, you can also start by making an account on an affiliate network such as the Hydra Network (http://www.hydranetwork.com/). This is a place where advertisers post their advertising requirements. When you are a part of this network, you can choose the products you want to promote. These are products of people within the network. Once you are done with that, you will need an affiliate marketing service to promote the products you have chosen on the Internet. The best in this category is Google AdWords (http://adwords.google.com/). You merely have to start a campaign here, mentioning the product you want to promote and give the URL that you are advertising. AdWords will automatically search for the right website matches for the product and will advertise on them.

The payment is fantastic. You get paid for every click that your ad gets. This is known as Pay Per Click (PPC). However, there are some affiliate networking sites, such as the Hydra Network we have mentioned here, that pay only when a sale is done. In that case, it becomes a Pay Per Sale (PPS) affiliate service.

Your only expense is in starting the AdWords campaign. However, here you can bid on how much you want to spend. Hence, you are actually altering your expense. The returns, however, are much more than whatever money you will put into the business.

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Content from SWA e-book "Home Business Models - Exposed"

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