Selling Online Using Google
Adwords and Affiliate Networks
Selling online with minimal investment is now possible thanks to affiliate networks (like Commission Junction or Clickbank) and pay per click advertisers (like Google Adwords). The intention of this article is not to add to the hype or to make you believe that making money online is easy. It is not. Its goal is to get you acquainted with a few tools that make online selling simple, and to encourage you to gain some hands-on experience. What Can You Sell?
Commission Junction carries a broad spectrum of products throughout different categories. Clickbank, on the other hand, specializes in informational products like ebooks, courses, and software (which generally offer attractive profit margins). Your first step, therefore, is to sign up with one of these networks and look for products to sell. Do You Need A Website?
How Do You Advertise?
Ad Title
For example, if the product you want to sell is a "hand held orgainzer", you should make those words the title of your ad (or at least include them in the title). The description fields must be filled with marketing text that entices your prospects to click (tip: you should avoid the word "free" since you want to attract paying customers, not free-loaders). Finally, you must include a URL, which can be the web address of the company whose products you are selling. This URL is not that important (it is only referential) since your ad will actually be linked to your affiliate URL (which includes your affiliate ID). Your ad, therefore, will look like this: Hand Held Organizer
When Will Your Ads be Shown?
For example "hand held organizer" may be too competitive and may require you to pay, let's say, $1 dollar per click. However, phrases like "electronic portable organizers" or "portable digital agenda", while still relevant to your product, may be less in demand and have a lower cost per click (for example, $0.25). You can select a large group of keyphrases to trigger your ad (you are not limited to just one). Some keyphrases will perform better than others, and you may add or delete keyphrases at any point in your campaign. In any case, Google will let you determine the maximum cost per click you are willing to pay, as well as the maximum daily amount you want to spend in your campaign, thus giving you a significant measure of control over your ad expenditures. Adwords also offers a tool to help you choose keyphrases; this tool will show you keyphrase options that you may not have thought about (tip: be sure to read Google Adword's tutorials, demos and FAQ's to better understand how Adwords work, before jumping on board). How Many Dollars per Click Should You Offer?
Assuming that each hand held organizer you sell entitles you to a $20 commission, and considering an average conversion rate of 2%, every 100 clicks on your ad will generate 2 sales, or a $40 profit. Your break even point will therefore be $0.40 per click. If you offer more than that, you will on average lose money. If you offer less, you will on average make money. If the Google Adword's average cost per click for your selected keyphrase is, for example, $0.20, you have found a bargain, since it is way below your breakeven point. It Is Not That Easy
1. A product with a high gross profit margin, and
Any time you spend trying to find this niche will be time well spent. What to Read Next
A good place to start is Google Cash, by Chris Carpenter. Google Cash teaches you how to find high profit margin affiliate programs with little competition. In addition, Chris shows you how to find the most profitable keyphrases, and how to write effective ads that will compel the most qualified prospects to click and buy. If you intend to launch a large AdWords campaign and are really serious about AdWords, Andrew Goodman's Google Adwords Report may very well be the best resource you can buy. In this 150-page eBook he uncovers carefully analyzed details and highly creative strategies to help guarantee your success. Good luck!
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