Literally instead of trying to master 4 completely new areas of expertise before you make your first cent, you can start a simpler business that only requires perfecting two of the success factors;
1. Traffic
2. Conversion
The reason why you would commence with these two factors, is that you can start making money immediately. This is important because once you earn your first dollar online your motivation will go through the roof.
That is a very important element because it will put 'wind in your sales' and drive you to put in the extra effort to learn the other two factors, which will send your profits through the stratosphere.
Then once you have mastered the basics and earned some money, you can move onto creating your own info products and develop more complex websites that will seriously multiply your money making potential.
So what is this method of online business that enables you to make money with just two of the four success elements. It's called the AFFILIATE INCOME business.
It's a very simple and rewarding business model that enables you to 'learn while your earn' and develop the twin essential skills of 'traffic' and 'conversion'.
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The Affiliate Income Business
Affiliate marketing is the process of generating income by promoting other peoples products and services. You simply create a mini web site (usually comprises a single web page) and drive traffic from your web page to the sales page for the product you are promoting.
When someone buys a product on that sales page you earn a commission.
Thousands of people are making five and six figure incomes online doing just that. Last year over $8 billion in affiliate commissions were paid out to people who engage in affiliate marketing.
There are thousands of products to promote in every imaginable niche, with commissions ranging from 5% to 75%.
By starting as an Affiliate Marketer you take no product risk, and the technology required is less complicated.
The great thing about affiliate marketing is that you can learn a lot from the company who's product you are promoting. Better again why not be even more strategic and promote product directly relevant to the niche you want to eventually occupy. This way you are truly learning on the job from a future competitor, in effect you are an insider in their business.
A key tip for really making affiliate marketing worth your while is to focus on products that generate recurring monthly income. For example there are many software products that require subscribers to pay a monthly fee often in the area of $40 per month. If this company offers 50% commissions (which is quite common), then you will continue to earn $20 every single month for as long as that subscriber is active. So if you get 100 people to purchase this software, you are now generating a passive income of $2000 per month just from this little mini site alone.
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