Written by: James Pruitt on July 9, 2010.
Affiliate marketing money magnets are widely misunderstood by most online marketers. However, by learning to set up these money magnets, you can jump ahead of the competition, and carve out your place in the niche of your choice. Today, I am going to show you the simple steps that you will need to take.
How to set up Affiliate Marketing Money Magnets
Getting your affiliate marketing money magnets set up will take a little bit of work. There are several things which you need to have in order for your money magnets to work. When it comes down to having a money magnet that runs on autopilot, there are 6 things that you need.
Get an Autoresponder
To begin with, you need an autoresponder. This way, you can build up a list of potential customers that you can promote different products to over time. Building a list has widely been used to generate a passive income onlne. However, most people fail to use this properly to generate the income that you need.
Find a niche market
The next thing that you need to really take advantage of the money out there is a niche which has been proven to be profitable. There are hundreds of niche markets out there. However, some just don’t grab people, and have them willing to draw out their wallet. There are several niches, however, that are proven to bring in loads of cash for people every day.
Create Targeted Content
The next thing that your affiliate marketing money magnets will need is valuable content. Let’s face reality here. Most email lists are full of overly promotional hype, with no value. This is why so many people fail to see the results from email marketing that they deserve. If you run a high quaility newsletter with loads of valuable information, you can keep people coming back for more, and build a strong reputation online.
Offer your customers incentives
Once you have all that in place, you will need an incentive to get people onto your email list. People don’t subscribe for an email list, they subscribe for free, valuable information that will help them with their problems. You need a training course, or e-book to help people solve a problem that they face.
Drive Highly Targeted Traffic
Getting the traffic to your affiliate marketing money magnets will be critical to succeeding. Too many people waste time on traffic that just does not convert to sales. Even though you are giving something away for free, you still want to target people who are willing to buy. Then you give them someting full of value for free, and they will be ready to pull out their wallet and buy something when you provide them with the information that they require.
Monetize Your list
Once you start building this list up, you need to monetize your traffic. Personally, I recommend only promoting products that you have seen and would use yourself. Now, if you have used a product, you can use your personal experience to promote it. However, you should at least check out the product, and see if you would use it. Too many people promote products just based on the popularity of the product, without looking into the product to see if it really fits in with what they say. Instead, stick with products that you use yourself, and show how this product has helped you. Your marketing will be more genuine, and will help build your reputation even faster.
All of this will take you quite a while to set up. However, once you do, you can get a great income set up that will keep you going for years. My mentor, Mark Ling, has put together an awesome video and report on how to set up these affiliate marketing money magnets for yourself. Mark has worked for over 11 years as an affiliate in many niche markets outside of the make money online market. I highly recommend that you get your copy of this free report today and start setting up your money magnets today. Also, check out my review of AffiloJetpack, marks new content package that will help you to jump into the game lightning fast.
My Affilojetpack review and bonuses will help you see just how to leverage this awesome package to build up your money magnets more quickly.