Jul 05 2008
Diversification is the key to success in affiliate marketing
Develop Multiple Streams of Income from top affiliate networks, affiliate progams and other related advertising and revenue sharing programs. I feature these at my site bblmedia.com
Just like a good investment portfolio needs diversification, so does a good affiliate marketing online strategy. Don’t place all your eggs in one basket. The deal is this; A company you are representing can be sold, go out of business or change platforms suddenly. When that happens your affiliate income will be interrupted. To avoid losses that will hurt you, be active in several niche markets so the loss of one will not destroy your business. Do you see the sense of this simple strategy? I have seen it first hand over the years several times. A company changes policy overnight, takes down it’s affiliate program, gets sold to a bigger company, and the whole income stream goes away until they relaunch the program. Have other projects in other markets and through other companies to fall back on. Never put all of your eggs in one basket!
Your goal should be to achieve “Multiple Streams of Income” with your affiliate marketing business. I have about 20 different income streams, and I readily admit they are not all big. However, if one stream of income suddenly goes away, the others can be pumped up and increased to make up the difference. I work in sports, shopping, retail, health, technology and entrepreneurship areas. No one income stream is so big that if I lose it, I will go out of business. I may need to scramble, and I may need to work like heck to overcome a problem, but with diversification, I can survive.
One of the best individual websites that I have used for years is USFreeAds. They have a terrific affiliate program, and they offer a unique service called “Premium Membership” for $9.99 a month. I participate in both, and I have to tell you that when I started the premium membership last October 07, I was confident I would do well, but the performance has well exceeded my greatest expectations by a long shot. The affiliate program is also great, and it is free. Sign up for the affiliate program and start referring members and earning money monthly. Sign up for the Premium Advertising service and watch your income go up and up! I cannot recommend it more, but you have to be willing to keep with it and work it every day or you might as well not try.
I have been growing my business steadily over the past few months and have increased my income on Shareasale Affiliate Network. This is absolutely the finest affiliate marketing network ever created, and eventually I hope to do even better. The tools they have are better and more effective for me than other networks, and they are easy to find and use. This is one of the keys to their success, and helps us be successful too. If you have not signed up for Shareasale then I recommend doing it right now.
Anyway, I could ramble on all day. Just do what I am recommending and make for yourself multiple streams of income so you can survive the coming days of difficulty, which come to all small businesses online or offline. Prepare and plan for success. I think a person should have at least 10 streams of income, but more is even better. If it can happen, it eventually will. Be ready!
Labels: affiliate marketing, diversification, make money online
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