No doubt most Americans are well aware of the financial problems that have been plaguing our economy. On Friday, oil reached an all time high of $139/barrel. This caused all kinds of havoc, from the Dow Jones Industrial index dropping nearly 400 points, to unemployment making a jump to 5.5% in May. In Southern California, you can’t get a gallon of gasoline for under $4.50/gallon. Thats just for regular.

Economic pressures have begun to place a strangle hold on what we can afford to do. So what would be a good way to regain your foot hold in this situation? Well, you can leverage the power of the internet to create a supplemental income for those tuff times. It has never been easier than now to get on the internet.

One of the easiest methods that comes to my mind to make a quick buck is to use affiliate marketing and the power of YouTube. I found out about this technique a couple months ago from one of Otis Collier’s YouTube videos. The method goes like this.

1. Get an account with a popular affiliate marketing company like CJ or Clickbank.
   I like Clickbank becuase they deal mostly with digital download products(e-books).
2. Pick a product that you would like to promote.
3. Create a video that is either a product review with you or make the video as a slide show with pictures related to the topic or product that you are promoting. This is easily done using iMovie or Windows Media.
4. Go to GoDaddy.com and register a domain that is closely related to your products url. This is important. In your GoDaddy backoffice you will want to use the domain you registered to mask the affiliate url that you are promoting.
5. When you upload your video to YouTube, place your url for the product in the videos description. Make sure to do a good keyword search so your video gets good placement.

Thats all you need to do. I have used this technique and have had some good results. The first time I did this in two days I had made $150. Not bad considering it took less than an hour to implement and invested less than ten dollars. The even better thing about this is that once you have uploaded your video, its there for ever. It will always be visible and will always work. There are of course other things that determine your success with this technique. Which product you choose, your url, how good a job you do with the video. Remember, you want to ad value. So do an honest review of the product.

Thanks to Otis for this little gem. Until next time. Later.