Let's face it to earn the very big money online you need to focus on product creation. This will give you the opportunity of doing joint ventures with other marketers and earn the big money.
When you first start out promoting affiliate programs is a good way to earn decent money. However, just imagine what partnering with somebody with a very big list will do for your business. Say for example if you offer them 50 percent commission and they have a list of a 100,000 subscribers. Now you may be selling a 47 dollar product and the sales letter converts at 3 percent. If they send out an email and get a 15 percent open rate with a ten percent click through rate this will equal 1500 visitors to your sales page which is the equivalent of 45 sales or gross sales of $2115. Now if they send a few emails to their list you will get an idea of how much money you will make. Also find a few joint venture partners and watch your business explode.
The number one reason that most marketers fail is that they try to do everything themselves. When you first start out you can do this. However, as your business grows you need to start outsourcing everything so that you can be a project manager and get things done effectively.
Say for example you have reached a certain point in your business only creating one product a year doing everything. Now if you start hiring people you can get them to do your market research and product creation for you. This usually takes hundreds of hours to do successfully. If you do this yourself you will not grow very quickly. You can easily hire reliable people on sites like Elance to get the job done for you.
You then can focus on the marketing side of things for example joint ventures and make the most of your product creation to grow your business.
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Mark Abrahams is a full time internet marketer who has helped others to earn a living online.