Anyone can earn commissions selling products online using a clever business model called affiliate marketing. Affiliate marketers earn commissions by promoting other people’s products through their unique affiliate links. When a sale is made, it is tracked back to the third party “affiliate” who referred it. They receive a commission based on the sale. Some commissions can be as much as 50% and some can be as little as 1%.
Physical products, for example tend to pay lower rates of commission than digital products. So if you become an affiliate on Amazon, for example, you can promote items and earn anywhere from 1% to 20% on their range of products. Digital products pay more because there are fewer costs involved in delivering a digital product. Therefore the savings can be passed on to the advertisers (affiliates). With a digital product someone can purchase from anywhere in the world and access the product immediately over the internet. Examples of digital products are ebooks, online courses and software products.
Earn Commissions Selling Products Online
To earn commissions selling products online you first need to find a product you want to promote. There’s a huge variety of affiliate products to choose from and you can find them in pretty much any topic you can think of. Amazon, eBay, Clickbank and other major online marketplaces offer affiliate programs you can join and promote a huge variety of products.
Once you have chosen a product to promote, join the relative affiliate program which lets you promote it (through your affiliate link). In any affiliate program you will get access to an affiliate “portal” where you can access your unique affiliate link and use that to send buyers to the product. When someone makes a purchase through your affiliate link, you earn commissions based on what you sell.
There’s many ways in which affiliate promote their links. You can become a blogger, use an email marketing service or promote through you social media platforms. You can create a YouTube channel or run paid advertising. Checkout this article: 22 ways to promote affiliate products.
Earn Commissions Selling Products Online – Choosing Your Marketing Strategy
You can pick any marketing strategy you like according to your needs. If, for example you have a busy lifestyle and not much time, you might prefer to use paid advertising to drive traffic to a landing page. From there, collect subscribers on an email list and promote your products automatically through your marketing list.
On the other hand, if you have a lot of time and not much money, you can choose a marketing strategy based around content creation instead. Blogging and video blogging are two such strategies used by affiliates to draw in website traffic to send to affiliate products. There’s also unpaid social media marketing strategies you can use too.
Choose a platform such as Facebook or Twitter, and focus on finding people in your target audience who might be interested in your product .
Earn Commissions Selling Products Online – Most Lucrative Products To Sell
As I already mentioned, some products pay as little as 1% commission. So you’ll need to sell a lot of that particular product in order to make it worth your while. Digital products tend to pay more – typically 30-40%. But there’s also high ticket affiliate marketing products to consider too. These are products which pay much more per sale than your average item.
Subscription products are a good idea too. These are products which carry ongoing monthly fees; many of them pay the affiliate an ongoing recurring commission for sales they have referred. So even with fewer sales of both high ticket and recurring commission products, you can earn more as an affiliate than with low value “one off” commissions.
Here’s an example of some high ticket products: Even at 8% commission, you can earn a nice commission if you manage to sell one of these products. With high ticket items, you can earn more even with fewer sales.
Summary
Anyone can earn commissions selling products online by becoming an affiliate marketer and joining an affiliate program. Once you have joined you will be able to promote products offer by that particular program. Amazon for example has an affiliate program anyone can join. You can then promote products from Amazon and earn from those sales.
There’s many different affiliate products you can choose from and some are more lucrative than others. For example, recurring income affiliate products and high ticket items will generally let you earn more per sale than the standard low value physical product you might find on Amazon.
There’s also many ways to promote affiliate products. From blogging, to video marketing, pay per click advertising, email marketing and social media strategies. You can even promote affiliate products offline in a variety of ways. Providing you send your customers through your affiliate link, where they purchase a product, you can earn from those referrals.