Sell Other People’s Products And Make More Money
There are an increasing number of people starting an online business and doing their marketing online. They do this for a full time income or just to get some extra money. There are a lot of advantages:
- It’s easy to get started
- Selling can be done on a global scale
- Easy to get products
Compared to a normal business, an online business can usually be setup for far less. With a growing number of people that have access to the internet you can reach out to just about anyone and market your products online. More people that know about your products or services usually results in more sales which in turn can lead to more profits.
A feature of an online business is that you can get started without your own product. You can use products from other people. The good thing about that is that they have done all the work creating the product, they will have created a sales page and they will also support the product. You get paid a percentage if you send visitors to your special tracking link who actually buy the product. All you need to do is register and get your special tracking link and start making money.
One of the more popular methods for selling other people’s products on the internet is called affiliate marketing. The product owner has created a system where you can register and get your affiliate number along with a tracking link. Often the product owner will also give you articles, ads, email, banners and other sales aids to help you make money with the product. Normally you can also view reports on your current status and sales. All you then need to do is promote the product.
Payment will be made after the money back guarantee period has passed from the moment of the sale. Usually once a month. One of the most popular affiliate market places for digital products is Clickbank. For digital products your commission percentage is normally 50%-70% but occasionally can go up to 100%. In that case the product owner will still make a profit on upsell or backend products.
Because the process is relatively easy it’s an excellent way to get started making money online. All you have to do is look for products that offer an affiliate program and register. On Clickbank you have all the product owners together in one market place. This makes research a bit easier. Clickbank registration if free for the affiliate.
When you register for an affiliate marketing program, you sometimes have to enter the web address of your website so they can check if it’s appropriate and relevant. Others do not require you to do so. Although it is best to have your own website, you can get started without one.
Once you are registered, you can start making money. But how do you get money from a product on another person’s website? There are various ways to do this, and it depends on the product and the way it is positioned in the market place.
Affiliate marketing programs work in one of three ways:
- PPC – Pay Per Click
- PPS – Pay Per Sale
- PPL – Pay Per Lead
In Pay Per Click affiliate marketing you are paid when you send visitors to the product owner’s website. With Pay Per Sale you will only get paid if the visit actually results in a sale. Pay Per Lead affiliate programs work almost identical but the goal here is that the visit converts in an actual lead for the company, usually an action needs to take place like a request form for a mortgage or insurance is filled in. You normally get a fixed fee when a lead is the result.
An affiliate program can also pay you on sales that are the result of affiliates who register through your link. This is then called a two-tier affiliate program. The trick is to get visitors not only to buy the product but also to become affiliates themselves.
It can also be very attractive to be an affiliate for a residual affiliate program. This is normally the case when the customer has a repeat value to the merchant (product owner) and you get paid whenever the customer makes a repeat sale. Some memberhip programs are a good example of this. You get paid for every month that the customer is a member of the membership program. This is an excellent way to get more money into your bank account.
There are so many ways to make money on the internet, but no doubt that affiliate marketing is one of the most popular one. If you are just getting started it’s by far the easiest way to make money by selling other people’s product or services. It’s still something you want to learn a bit more about. The most important two being:
- How to build your own prospect email list while promoting other people’s products
- How to get visitors to the product’s sales page so that you get the money
But of course details can come later. The most important thing is to get started and do something.