The old proverb says “If you love something, set it free” which sums up how I feel about affiliate marketing. I’m lucky enough to enjoy a great lifestyle, largely due to affiliate marketing. I didn’t invent affiliate marketing nor was I the first person to prosper from affiliate marketing. Like many people in business I had the good fortune to be in the right place at the right time! There is nothing remarkable about me nor my company, other than seeing an opportunity and going for it at full throttle. So why do so many people want to keep affiliate marketing a secret?
Adam Smith, possibly the greatest Scotsman ever (Alex Ferguson is a close second) was bang on the money when he said “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is im-possible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and jus-tice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.”
The quote is often used, yet little understood. What Smith talks about is the ‘closed shop’ mentality of many businesses, in fear of competition many industries seek to set barriers to entry, fix prices and mislead the public. If you had a goose that laid a golden egg, how many people who you tell of it’s existence? We’d all like to think that we’d would share the wealth with our friends and family, but would you really? Hand on heart I can say that I have no fears about sharing the knowledge I’ve learned from others (usually for free!) with anyone who asks.
Many people do ask “how do you make money with affiliate marketing?” and I’m happy to tell them, it isn’t a get rich quick scheme, unless you count six years as quick? but it’s still one of the very few business models that can be set up with minimal capital outlay (often less than £20 per year +your time). By creating a useful website and utilizing affiliate marketing It’s not that difficult to make a four figure sum per year. If you’re good at it you can make five figures. If you’re really good at it you can be a millionaire with your own make-up range, just like the 27-year-old single mother from South Shields, Tyneside who has become a youtube sensation. nintendo are even releasing a game based on Lauren Luke’s character. I know what you’re thinking right now “Why didn’t I do that!” well it’s simple, you didn’t. But you can do something else, there’s 6 billion people in the world and sooner than later most of them will be online ~ what can you offer them? With numbers this large at some point at least 200,000 people a day will have a leaky tap! If you’re a plumber, why not give a free online guide to fixing leaks. If your guide links to an online plumbing store then even better! Who’s going to begrudge you making a few pence commission from pushing plumbing supply’s to people who need them?
This is the core of affiliate marketing, giving people what the want quickly and adding some value along the way. So what has all this to do with the post title ‘Best Bingo’ I knew you’d ask eventually. A friend recently asked me to help her build an affiliate site, with the aid of wordpress, templates from StudioPress and a few hours of hard work we soon knocked out the beginnings of a great bingo review site BestBingo.me.uk, you might wonder why I’d give my time and advice for free to someone who will be in direct competition with me? Competition is a good thing, it improves all of us, I now need to raise the bar with my own bingo sites to compete with BestBingo. How can that be a bad thing?
If you’d like to ask any questions about affiliate marketing, how to make money online, design or any technical questions you might have then just post a comment below and I will share the wealth.