Google Adwords - Online riches without owning a website or
product!
Did you know that you can make money from Google Adwords without
having a product to sell, or even a website? It's true and there
are many people all around the world quietly making lots of
money doing it.
So how do you do it?
Quite simple really, you become an affiliate.
An affiliate is somebody who sells other people's products for a
share of the profits. There are loads of companies on line who
are eager for you to become their affiliate, and will pay you
very well for generating sales for them.
Did you know for example that mortgage companies and other
financial institutions will pay up to $50 per referral? Normally
your prospect doesn't even have to take the mortgage in order
for you to pick up the money, you get it for them just filling
in the form.
Satellite TV companies are another example of big payers, and
there a lot of "high ticket" software products that can earn you
$100+ commissions. There are loads of other companies in all
walks of life that want you as an affiliate, do a search on
Google for affiliate - you'll be amazed at what you'll find!
Sign up with an affiliate program that interests you and that
you would be happy and enthusiastic about promoting. If you
don't feel anything positive towards what you are trying to
promote you will be less likely to commit your energy towards
it. When you do sign up for your affiliate program, you will be
allocated an affiliate "link", a short piece of text with the
company's website and your unique ID in it. Always be sure to
use this link in any promotions you do, or you won't get paid!
So how do you get these commissions from your affiliate program?
Google Adwords!
If you've been living on Mars for the last couple of years,
Adwords are the little boxes on the right hand side of the
search results page which show up when you do a search on Google
and other search engines. They are paid sponsor's advertisements
and your goal is obviously to get as near to the top of the
search results page as possible, so that as many people as
possible will see your ad.
Now to sell the product that you've become an affiliate for, you
simply write a short advertisement with a catchy title and two
lines of text and refer the prospect to the sales website. This
does not need to be a website that you own, remember when you
signed up as an affiliate you already created an affiliate link
to the site with your unique ID in it, so that the commission
from any sale made goes to you.
There have been millions of words written about what makes good
advertising copy, take a bit of time to read some of them.
You'll find many great articles and ebooks you can get for free,
study them!
Google has a set of standard guidelines as to what they deem
acceptable when it comes to writing your ad. You need to read
these and stick to them. The next job is to decide what people
searching the internet for your product might type in as a
search, for example if you decide to sell mortgages you might
use "cheap mortgages" or "best mortgage deals".
These phases are known as keywords, and you bid for the keywords
on Google. Your bid is the amount of money you are prepared to
pay for each click on your advert, and bidding starts at $0.05.
So if you get a keyword for $0.05 and you get 100 clicks on your
sales page, it costs you 100 x $0.05 ie $5.00.
Now let's have a look at your potential profits. A good sales
page might get a return of 2% - 3%, ie out of every hundred
clicks 2 - 3 will be converted into sales or sign-ups. So if you
are promoting mortgages, out of the hundred clicks for your
$5.00 outlay you could expect two or three sales, ie a return of
$100 - $150.
Realistically though you would be doing very well to pay as
little as $0.05 per click for a market as crowded as mortgages,
you would most likely have to bid up considerably higher. But
even at $0.50 per click, you would only be paying $50 for your
return of $100 - $150 in the example above, still a very healthy
profit margin.
Obviously the more popular the keyword or phrase the higher your
bid will need to be to secure it, so you will find that phrases
like "cheap mortgages" or "best mortgage deals" will be very
expensive but will attract a lot of traffic.