#Online Income – Making Money From Other People’s Products
Updated January 2016
A lot of people are now working from home by getting into online e-commerce businesses and online marketing either to supplement their “real world” income or for it to become their primary source of income. Why? Because online marketing provides them with a lot of benefits!
First, you can reach just about anybody in the world who has Internet access if you market your own products online or promote a merchant’s products online for a commission. That means a wider market for you, which can translate to larger profits. Second, setting up an online business from home requires only a fraction of the cost required to set up an actual business establishment, which means a lot of savings for you, the online business owner.
The aspect of promoting online has attracted a lot of people towards online marketing because of the fact that you don’t have to have your own products to get started. In online marketing, you can start making a lot of money just by selling, or even by just trying to sell, other people’s products. And getting started with this kind of marketing strategy is actually quite easy. All that you need to do is to set up an agreement with an online retailer or merchant, and after everything is settled, you can immediately start making money by selling the merchant’s or the retailer’s products.
Incidentally, the most popular and the fastest growing method of selling other people’s products online is affiliate marketing. Affiliate marketing, in its simplest definition, is a relationship between an online merchant or retailer, who has products to sell, and his affiliates, who are willing to promote the merchant’s product on their website.
In a typical affiliate marketing set up, the modern most up-to-date method of advertising is that the merchant provides the affiliates with banners and text ads that links to his or her site. The affiliates will then get these ads posted on their website and they get paid whenever traffic or sales is directed to the merchant’s website. Affiliates are often paid on commission basis, although other online merchants will sometimes opt to pay a fixed fee for the affiliate’s compensation.
Starting to make money online with affiliate marketing is relatively quick and easy. All that one has to do is to sign up as an affiliate for an online company that offers affiliate programs. An alternative method, and usually an easier one, is to sign up as a member of an affiliate network – a network that hosts a variety of affiliate programs for different online merchants or retailers. Signing up is usually free, although other companies and networks may require you to pay a particular fee. Such fees, however, are made as payment for additional services that the company may render, like providing you with tools and assistance to jumpstart your online business.
When you sign up with an affiliate marketing program, you are usually required to fill out a form containing information about yourself. Some affiliate programs may also require you to present the URL of your website and describe its contents. This will allow the retailers to verify that you actually have a website with contents that are relevant to their products. Some affiliate programs, however, won’t require you to have a website. After filling out the form and all, you are then allowed to choose the affiliate programs you want to promote.
After signing up with an affiliate program and being an actual affiliate, you are now ready to start making a lot of money by selling other people’s product online. How do you make money? There are actually a number of ways for you to earn money as an affiliate, and most of these ways depends on the type of affiliate marketing program you’ve gotten into.
Many affiliate marketing programs compensate their affiliates in either of three ways: pay-per-click (PPC), pay-per-sale (PPS), or pay-per-lead (PPL). In pay-per-click affiliate marketing, the affiliate is paid whenever he directs traffic to the merchant’s site. PPS and PPL affiliate marketing programs work rather differently. In PPS, the affiliate only gets paid when his referral converts into an actual sale. In typical PPS affiliate programs, the affiliate would usually get 15% to 20% commission for each conversion. PPL affiliate programs work the same way, although affiliates are paid a fixed fee whenever his referral converts into a lead for the company.
Some affiliate marketing programs are two-tier programs, wherein the affiliate is also allowed to recommend other affiliates to the merchant. In such affiliate programs, the affiliate would not only be paid for the traffic or sales that he would direct to the merchant’s site but also for the traffic or sales directed by the affiliates who signed up with the program through his recommendation.
Yet another way of earning more profits with affiliate marketing is through residual affiliate programs. Residual affiliate programs are affiliate programs where the affiliate gets paid a number of times for as long as the merchant keeps the customer the affiliate has referred to his site. One form of residual program gets the affiliate paid a commission every time the referred customer purchases something on the merchant’s site. Another form of residual affiliate program gets the affiliate paid a percentage every month for as long as the company keeps the referred customer.
With a lot of options available and a lot of ways to earn money, affiliate marketing is undoubtedly the most popular and the easiest way to make money by selling or promoting other people’s products online. As to how much money one can get from affiliate marketing actually depends on the affiliate. A dedicated and hardworking affiliate would certainly get more from the program compared to those affiliates who would simply sign up and forget about the program later.
As stated above, some affiliate programs may also require you to present the URL of your website. It also makes a whole lot of sense for you to have your own website simply because it’s yours. Your own website is your online real estate which you have total control over what you do with it and how you work with it.
If you don’t have your own website and you don’t have any previous of affiliate marketing then you will need a good reputable online company to give you those two very important requirements.
Wealthy Affiliate is such an online company with a platform and training program that will launch you onto the internet as a fully fledged affiliate. And you know the best bits. It will not cost you anything to join and when you do you will get two free websites and instructions on how to build them out. You know it only takes about 30 seconds to build a website with Wealthy Affiliates instructions because the training is a step by step process that even a complete beginner can follow. These websites will also be hosted for you free of charge by Wealthy Affiliates Cloud Hosting Service.
Is this a great deal or is this a great deal? Of course it is and the sooner you join, the sooner you can get started earning a great income from the internet as an affiliate marketer from the comfort of your own home.
Before you do this could you leave a comment below so that I and the rest of the visitors to this website will know what you think of working from home opportunities. And most of all if you have an opinion on this particular opportunity to have your own e-commerce business you can run from home.
Thank you for reading my article and have an excellent day.