8 Free Online Ways to Make Money Successfully
Many people ask me about free online ways to make money and I immediately think about affiliate marketing. Affiliate marketing is a broad term that refers to on-line revenue sharing, involving advertising and selling. It dates back to late 1994, when many e-commerce sites started employing the system and finding that it produces fantastic results. Currently, affiliate marketing is actually a serious player within e-commerce strategy.
There are three types of compensation methods that are associated with affiliated marketing. The first type is Cost per Click (CPC) or Cost per Mil (CPM.) Basically, the affiliate earns by how many clicks the advertising on higher site generates, or by just having the advert published on the website. But because of click fraud and many other questionable tactics, CPC is no longer the general form used for affiliate marketing. Generally, companies now either use CPA (Cost per Action) or CPS (Cost per Sale.) The first is based on how much the advert generates interest by the clicker to actually buy or register at the advertised site, the second is based strictly on sales. In other words, an affiliate is paid if the clicker actually purchases something on the advertised site.
When an affiliate joins in with an e-commerce merchant of some sort (be it a subscription service, a shopping site etc…) payment is received through referrals done from the affiliate’s website – done through the following methods
1. Pay-per click systems basically, the affiliate displays adverts on their site and is paid when a customer or internet user clicks on that website
2. RSS feeds or blogs – even personal sites can sit under this category. Blogging is fast becoming a staple form of marketing and promotion, and affiliate marketing partners well with this form of online communication
3. Comparison sites and shopping directories – such as review sites or legit advertising sites
4. Loyalty sites – this is when a reward system is in place via a cash back or points back system (or charitable donations)
5. Coupon sites that focus strictly on marketing and promotions
6. Email lists – legit email lists to subscribers of the affiliate’s website etc – NOT spam
7. A registration path – when a person registers with a specific site, be it for a newsletter or subscription, offers from other companies are represented and advertised
8. Networks – there are many affiliate marketing networks. Some even function on a multi-tier or multi-level marketing sort of set up.
