There is indeed vast potential in this online business. If you wish to get started, you will want to find out how the 'gurus' are doing it, then learn from them.
In affiliate marketing, there are a few things that you will need. First, you will need to find a service or product to promote. Next, you will need to advertise it somewhere, some how, some way. Third you need a blueprint to build your online affiliate marketing business.
Here's how this works: When you promote someone else's product or service you make money when people buy the product through your promotions. So the trick to earning huge paychecks is to generate a huge amount of traffic to your merchant's product.
The best thing about affiliate marketing is that you do not need to have a large start up capital to begin with. There is a much lower risk compared to starting up an offline "brick and mortar" business. Due to the low cost and massive online market reach, you can start making money in a relatively short period of time, (if you have a good system in place).
The basic premise of an affiliate marketing business is to drive targeted web traffic to your merchant's product. You get paid commissions for every product or service sold through your promotions. This means you do not need to inventory or warehouse any goods yourself. The merchant handles all the sales and inventory, and you get paid commissions on the sales.
You can drive traffic to your affiliate product or service using pay per click, list building, media-buying or building your own website.
Keep in mind, you will need to generate targeted traffic to the merchant's website to earn commissions. To be really successful at affiliate marketing you need to use several methods to drive traffic. As an affiliate marketer, you need to be the traffic generator. Learn the best methods and stop trying to figure it out the hard way.
An affiliate marketing business comes down to one thing. Dilligence! When selecting an affiliate program look for these markers to decide if it is right for you.
Here are a few aff. progs that are still in business today, have longevity, have good ROI and come with marketing materials...
Hope This Helps