Today we are going to go over some various ways to make an income online by providing value to your customers.
Affiliate Marketing
Affiliate marketing is a commission based system where a company recruits affiliates (people like you and me). Every time an affiliate refers someone to buy from the company, the company will pay the affiliate a commission.
It usually costs nothing to become an affiliate.
Most companies pay their affiliates between 3%-15% commission.
Commission Junction has a huge list of products for affiliates to market.
http://www.cj.com
Most large companies with an online presence (e.g. Amazon.com) will have an affiliate program.
ClickBank
http://www.clickbank.com
Many people have informational products that they are selling online. ClickBank is a place where people selling those products can list their products for a small fee. They are currently over 10,000 products in its catalog for affiliates to market.
With such a large catalog ClickBank also attracts many affiliates. They currently have 100,000 affiliates. ClickBank connects affiliates and sellers.
A couple things are unique to ClickBank:
First: ClickBank only accepts informational products (e.g. Ebooks, Ecourses, or anything that doesn’t have to shipped)
Second: ClickBank sellers offer affiliates commissions as high as 75%.
Build a website
Many people generate an income by building a website.
Generally websites fall into two categories.
The first is informational. The value they offer their visitors is by providing valuable information to them. They make money off the advertisements on their pages. The more information people get from the website, the longer they stay at the site, and the money the advertisers pay the website owner.
This is the model is used by newspapers.
An example of this is Digg.com
http://digg.com
The second way people earn from their websites is by selling actual products. These products can be created by the website owner or be affiliate products.
We will delve into the pros and cons of these two types of websites in future lessons.
Email Marketing
The most lucrative method is by having an email list of people that you send a periodic newsletter to. The value provided to the customer is the information given in the newsletter. If the information is crap then people will unsubscribe from the newsletter.
Like informational websites, the owner of an email newsletter earns money by the advertisement in the newsletters.
{ 2 comments… read them below or add one }
Jennifer Sanders 04.05.08 at 9:39 pm
ClickBank is wonderful. There are so many amazing products in ClickBank. I am don’t know if I sell more products within ClickBank or buy more products.
Joe 04.10.08 at 11:51 pm
Well this is depressing. Stop writing like that, your posts are spoiling your reader’s mood. Boring.