Affiliates and Google Adwords
October 9th, 2006 by KenricIn my newbie entrepreneurial spirit I decided to dabble into internet business. I’ve always thought that the best way to learn about something is to just go ahead and do it.
So over the weekend I purchased a few URL’s related to Trump and Kiyosaki’s new book, Why We Want You To Be Rich and created a simple site.
I signed up as an affiliate for Amazon and Barnes & Noble and placed a few books on the site. I then signed up for Google Adwords to try to drive traffic to the site. Now I just sit back and watch the dollars roll in! I wish it were that easy.
I’m pretty sure I’m going to lose money on this deal because I don’t know what I’m doing. In fact, if I got just one sale from someone clicking my links I’d be suprised. What is very interesting to me is how the mechanics of the affiliates and Google Adwords work. You may also notice I have a link to my blog on that page. I’m also interested to see if this generates any new traffic to my blog. If you are reading this because you came from my google ad, please leave a comment.
I actually do have a point in this post. I’ve been interested in making money on the internet for a long time and have read a bunch of stuff. This experiment is costing me $30, but the knowledge I’m getting from it is way more than reading. Alot of real estate investors fall into this same trap. How many people have you met have read tons of books and attended tons of seminar only to never do a deal? Well, that was me in the internet business world… until today.
Posted in Making Money Online | 8 Comments »
Stumble it!
Hee! I bought a fabulous dotcom name (super easy to remember) and I’m still trying to figure out how to turn it into a great website. I have no tech experience but I do have a marketing/advertising degree and a lot of life experience in running B&M businesses.
Actually, I have two good dotcom names but one of them is far superior to the other if you are looking for just a general memorable dotcom name. I’d like to turn the great dotcom name into a website that gets a lot of hits. That’s the part I’m having problems with.
By UBU50 on Oct 10, 2006
Oh — two points for you. You bought a “dot net” name which is harder to sell than a dotcom name (most people think websites are dotcom before they ever think dotnet). Secondly, it has too many words in it. Someone already bought the “whywewantyoutoberich.com” name. You bought the second choice name which could be hot if the original website (the dotcom) ever got hot — but that remains to be seen.
Good domain names are easy to remember and usually end in “dotcom.”
There are professional speculators who snatch up the great undeveloped names whenever they come up for sale. Your only real chance is in finding something they haven’t found or making up a word (like Google) and buying it.
By UBU50 on Oct 10, 2006
It applies with Kiyosaki. I know people who have purchased every single book with his name on it, have the CashFlow 101 and 202 games, attended his conferences . . . and have never done a thing.
At least you’re trying. Good luck!
By Clifford on Oct 10, 2006
I think it was Business 2.0, but they did an article on using Google Adsense to bring money via Amazon affiliates program. I had wanted to try it out like you, but I never got off my butt.
Are you concerned that the URLs you register may infringe on copyrights? I’m pretty sure that “Rich Dad, Poor Dad” belongs to Kiyosaki and I’m sure Trump and Kiyosaki have an agreement for the copyrights to “Why We Want You To Be Rich.” They may never come at you as you are promoting their book (doing their work for them), but you if these are going to be significant portions of your passive income, it’s not without risk.
By Lazy Man And Money on Oct 10, 2006
Yep, this one is just about guaranteed to cost you your $30. I’m not sure what your Adword CPC is for this, but with a return of all of .60 or .70 per product actually sold, I don’t think there’s a price Google will let you buy at that is low enough to actually make a profit… ;)
But, like you said, it’s a cheap bit of education, and it gets you rolling with a little action.
It’s too late for this now that you’re already signed up with them, but Google offers up $50 worth of Adwords coupons to new advertisers all the time – search for “Adword coupon” and you can find one. You can also pick up some Overture (aka Yahoo) ad credits, to the tune of $100 – look for “Overture coupon” for this one. Neither are totally free signups (or someone would certainly figure out how to scam the system), but signup and put in at least $5 for the google and $30 (I believe) for Overture and you get the credits. It’s a good deal if you were planning on signing up anyway…
By sean on Oct 10, 2006
Either way, this is a pretty interesting idea, and I think it will be a great learning experience. Even if Donald and Robert release the hounds, it will give a lot to think about. Like how next time you could come up with a similar site and not infringe on copyrights (as LMandM has mentioned).
Good luck, please let us know whether this is working or not. BTW, have you thought of putting up your net-worth and income sources as many other PF bloggers are doing?
NLG
By NGifford on Oct 10, 2006
UBU50,
K is playing off the energy of the trump/kiyo launch where the .com name is already taken. Yes, a cease and desist letter is probably imminent. However, I wonder how close the RK staff is paying attention. They shoulda reserved the .net and .org names to begin with.
I have a few ebooks for you K if you want em. They will speed the learning process up.
By jthatknowsk on Oct 10, 2006
UBU50, I’m just trying to learn about creating internet traffic. I realize dot com is definitely better.
Lazyman, I realize I may get a call from the “Man” one day. My blog and this new site I doubt will turn into significant income. I’m going to use what I learn from this to launch something that won’t be ‘copyright infringing’
Ngifford, So far in a day I’ve found it exciting to log into Google Analytics and Adwords and check on my traffic. I also got my accounts on Amazon and BN and see how many clickthroughs, views, etc I have.
I’m not going to put my networth or cashflow on here. I commend PF bloggers for doing so, but it’s not for me.
J, send me those ebooks!
For everyone, I’ll post some traffic results and Adword clicks after a week. It’s real interesting stuff since I’m a geek and love numbers.
By Ken on Oct 10, 2006