Each product has a unique link that tracks back to your account with your affiliate partner. When a prospect clicks on the link, they are taken to your partner’s shopping cart for check out. Once they buy, that purchase is recorded and you get a commission. It varies depending on the affiliate partner, but is generally 5 percent to 25 percent (or 50% or more with digital information products).
As you can see, there’s little risk on your part and virtually no investment needed either.All you have to do is handle the marketing to get your prospects to buy (through social media, email marketing, blogging, or whatever method you choose). But after they click the affiliate link, it’s out of your hands. You don’t have to ship products or handle any customer service questions. And you certainly don’t have to maintain an inventory.
You can see some of the top free ways to market your online business here.
3. Blogging
If you have expertise and/or a passion or interest for a subject — and who doesn’t — you’re ready to start making money with a blog. With a service like Blogger (www.blogger.com), you can start up your blog totally free. You can also create your own site and secure your own hosting for a low price.You may think blogging is all about writing. And it can be if you want it to. But written blog posts are just the start. You can post photos, videos, links to other sites, repost news and other articles… anything is game, really, as long as it is related to your niche.
What sort of content should you provide? Anything that is engaging to your prospect. Topics like “how-to,” top 10 lists, commentary on trends in your niche, tips and tricks articles… basically, you need to provide useful content. Need blogging ideas? Here are 40 ideas for your blog.
You make money in a variety of ways.
- Google AdSense: These are pay per click ads that appear on your blog. Every time somebody clicks on an ad (which are supposed to be about a subject related to your niche), you make a few cents. Small amounts each time, but it adds up.
- Blog ad networks: You can also work with ad networks, like Blogads, and run banner ads on your blog.
- Affiliate marketing: You know this one already. You include links to products you are promoting as an affiliate and every time somebody buys the product, you get a commission. With a blog you can integrate advertising with content to make it even more likely you’ll get the sale. For example, you could do a product review — which is useful content — and then include a link to buy the product under an affiliate link.
- You need to provide useful content in an engaging way. If your blog is boring or the information can be found everywhere else, nobody will read it.
- You have to post content on a regular basis. People thirst for the new. So make sure you put up articles, videos, or whatever consistently. It could one post per day or three times per week — whatever it is, maintain the same schedule. If you start being scattershot in posting, you’ll lose readers.
- Be genuine. Yes, your blog is supposed to make money. But you can’t make marketing pitches all the time. Focus on useful content so that your readers come to know, like, and trust you. Then they will naturally click on your advertising or buy the products you recommend.
You could start a blog in less than an hour. But it will take time to make money as you build readership and a small percentage of those folks end up buying your products.
4. Online Video
Have you watched a YouTube video lately? Of course, you have! This is one of the world’s most popular websites, with more than 1 billion users watching hundreds of millions of hours of video each day. And it’s not all cats doing funny things, by any means.You can leverage YouTube’s reach to make money online. No, you’re not trying to create a viral video, so to speak. Although if it does go worldwide and is seen by millions, that’s a good thing.
Instead, you’ll be following a proven strategy for maximizing views of multiple videos on a regular basis. You’ll be creating useful content… something engaging that people want to watch. And it works in many, many different niches.
It could be a how-to video, a talking head video on a topic of interest to people interested in your niche… the sky is the limit.
One of the most popular — and money-making — types of videos out there right now are in the “Let’s Play” category. Basically, viewers watch people play video games. The players provide commentary and expert tips on mastering the game. People of all ages watch these videos and the most popular video creators can make thousands of dollars.
So you can see that just about any niche could work. Probably something you’re passionate about could be a profitable niche. Which brings us to money.
You make money with ad revenue. Your first step is to create a YouTube account and start uploading videos. Then you enable monetization on your YouTube settings. Basically, this gives Google the go-ahead to include short AdSense ads with your videos — you’ve seen those if you’ve watched a YouTube video. When viewers click on those ads, you get paid.
Some tips to create professional looking videos (no expensive pro equipment needed):
- You can use your smartphone or a simple video camera. But make sure the lighting is good so you and everything else in your video is clear and easy to see.
- Make sure the audio is clear. Make sure there is no air conditioning hum, construction noise, or other distraction.
- Use simple editing software like iMovie to put titles at the beginning of the video and to edit out any flubs.
And to extend the reach of your videos, be sure to post them on your Facebook business page, Twitter, your blog, and other channels. Let people know you’re in the video business now.
In addition to ad revenue from YouTube videos, you can also use your YouTube channel to drive traffic back to your website; where visitors can read your products reviews, click on the ads on your website, or even get onto your email subscriber list - where you can make multiple sales with your email list.
5. Information Products
When you have an internet business, it doesn’t have to be about selling physical products. In fact, digital information products are one of the easiest and quickest ways to make money. Outside of affiliate marketing, it's probably one of my favorite ways to make money online.There's not shortage of ways to create information products, but the most popular formats include:
- Audio: a recorded teleconference, interview, a course or some other spoken word product…
- Video: a recorded webinar, a how-to, an interview...
- Text: an ebook, an instruction booklet of some sort, a travel guide…
No matter which way you do it, it’s passive income, money while you sleep because you put these products up for sale on your website and a customer can buy and download them any time of day or night, automatically. All you have to do is check the sales periodically to see what topics or types of products are selling best… so you can make more of those.
Putting It All Together
The trick with any online business is to make sure you’re in a profitable niche market. So be sure to keep an eye on trends, check out bestseller lists on sites like Amazon, and consider what people are discussing on social media.One thing to keep in mind is that you don’t have to restrict yourself to just one of these e-commerce opportunities. Start out with one, get it going. Then add new revenue streams as you’re able. That will grow your income and ensure that you have something to fall back on should one business start going south.