Wednesday, February 25, 2009

How to Create a Second Income and Avoid Being Scammed in Affiliate Marketing

If you are retrenched, and you have only $100 left in your possession to leverage into a business that can generate a lifetime of profits, what online business will you choose?

Need To Create A Second Income

If you are thinking this is a hypothetical question that does not affect you, pause and think again! We are in dire economic times, and businesses are downsizing and unemployment and retrenchment rates are rising by the day. Anyone who is in employment is a candidate for retrenchment when the company downsizes or restructures or is hit by a sudden bankruptcy order. Already, we have seen big institutions and banks which have been the towering giants of commerce and industry in the past, moving into liquidation and bankruptcy as the sub-prime mortgage crisis continues to deepen.

It is time to become wiser and to start to create multiple sources of income to buttress against retrenchment and to create personal wealth by online marketing.

Why is online marketing preferred?

Online marketing allows you to work from home, at your convenience and that means lower capital outlay, especially if you are marketing some in-demand products for others for a commission. You need not own any product, or spend time to create any product and thus avoid spending your resources and capital developing products for sale. Secondly, online marketing activities can be closely monitored and carried out according to a defined successful marketing system. There are many successful affiliate marketers who have developed very profitable marketing systems comprising tactics such as developing mailing lists of clients, interactive and auto-updating websites with autoresponders, providing incentives and one-time-offers to reap the backend sales and establishing discussion groups and forums to enable recurrent and referral sales. Such proven techniques can quickly bring in sales and huge commissions.

Avoid Being Scammed In Affiliate Marketing

The snag is that there are far too many affiliate marketing programs that claim to teach you all the techniques to become successful. Such affiliate marketing know-how can be purchased online from zero cost or free to thousands of dollars for the high-end seminars and boot camps. So how can you start off on the right note? How do you avoid being scammed right off the bat even before you start off in affiliate marketing?

The answer lies in word of mouth and referral by more experienced marketers who have gone through a similar route. You can learn from their hard earned experience because many internet marketers have gone through the mill. Many have spent thousands of dollars and years of trying out program after program to try to succeed at online marketing until they have finally succeeded. Consulting them or reading credible professional reviews would be a wise way to start off with. The top training programs allow you to learn specific affiliate marketing techniques while giving you opportunities to earn commissions by promoting the same programs.

Take Massive Action For Success

Once you have discovered the best program for your needs, the next step is to take action. Without the fear that your program is a dubious one, you can take concerted effort to make your mark in affiliate marketing and be a tremendous success into the future. I know of many internet marketers who started off with almost zero knowledge about affiliate marketing and very little capital, who are now making thousands of dollars monthly in affiliate marketing just because they took massive action.. The key is to begin to work on your objective and to take immediate action. By following a proven plan of action from an established system, your path to success is smoother than trying to find your way by trial and error.