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A Practical Guide To How You Can Make Money
Not many people really want to share the truth about making money online and the practical ways to go about doing it. If you are open to the idea of how can you make money online, I can share with you 2 practical things you can do:
(1)Sell Your Own Product Online
(2)Be an affiliate and sell other people's products
(3)Bought
There are many ways one can earn money online such as playing stocks and so on. However, you may not be aware that one of the best & practical ways to make a considerable amount of cash on the Internet is actually through Option :
Selling your own product
To say that a company "eats its own dog food" means that it uses the products that it makes.
Using one's own products has four primary benefits:
The reason is simple: You get to keep 100% of your profits every time you make a sale.
1. The product's developers are familiar with using the products they develop.
2. The company's members have direct knowledge and experience with the products.
3. Users see that the company has confidence in its own products.
4. Technically savvy users in the company, with perhaps a very wide set of business requirements and deployments, are able to discover and report bugs in the products before they are released to the general public.
A disadvantage is that if taken to an extreme, a company's desire to create own product and can turn into Not Invented Here syndrome, in which the company refuses to use any product which was not developed in-house.
Another disadvantage is the lost time for: create the products, learn how are made the products, plans, software, hostage, domain name, investing ...etc
As an affiliate, you will get to earn a handsome commission in the range between 50% - 75%. Well, it's not too bad but you will get a better deal if the product is yours and all the profits only go into your pocket.
In order to illustrate the benefits, let me give you an example:
Assuming that you sold one $200 product every day, you get 50% of the commission as an affiliate. That is equal to $100 commission per day.
Affiliate Earnings
1 Day = $100
1 Month (30 days) = $3,000
1 Year (365) = $36, 000
Product Owner Earnings
1 Day = $200
1 Month = $6,000
1 Year = $72, 000 or more
Did you see that? As a product owner, you would have earned 2 times of an affiliate income in just 1 year!
With a faster rate of earning money, you can better use the money and time to fast forward to the life which you have always wanted.
There is another plus point that you are selling your own products i.e. you can garner the force of the Affiliate Marketers to help you drive traffic to your site.
However, in order to be successful, it is more prudent not to jump the gun if you are new to the concept of marketing. We should not create our own product just because we want to do it. Rather it's more important to learn the ropes of Internet Marketing first before creating and selling your own product.
As A Practical Guide To How You Can Make Money, you should follow the system:
1) Learn how to find starving niche markets that have a problem that you can bring solutions to. Creating a product which nobody wants to buy is not only a waste of time but also not helping anybody as the problem may not exist at all. It is always important to find a potential market, build your website and test it by selling affiliate products. Start sending traffic to your site and see if people do buy. If they don't, then you can test by changing to another affiliate product to see the market demand and you decide from there.
2) Once sales start coming in, you can go on to create a better value-added product to help satisfy the niche market. In the event that sales are poor and you have invested a lot of effort and there are no results to show for it, it may be a better idea to try another market.
3) Research in other markets and repeat the process above until some buyers can be found.
Not making sales is not the end of the world. Starting off as an affiliate is a better idea than creating a product as an aspiring Internet Marketer.
I have been using the Clickbank system for several years now and it has been one of my major achievements. I sell many products via Clickbank be it my own products or others' products as an affiliate and it has been the most rewarding experience.
I like Clickbank for its simplicity and its functionality. First of all, one would consider Clickbank as their payment gateway and their third-party credit card processing company because it's already so popular with about 10,000 products already listed and 100,000 affiliates ready to sell your products. It's important to precise that Clickbank accepts downloadable products eg digital products like ebooks and software.
Clickbank ease of use to sell is one of the major benefits of selling products through its gateway. You can just pick up a product in its marketplace if you have already signed up for a free account and you have a Clickbank ID which is a special code to track who has generated a sale. So with just one ID, you can sell 10,000 products on your website. Here it will be like a big e-commerce store.
Clickbank also makes it easy to sell your own product. If you have created an info product like an eBook or built a software, you can get started right away. Initially, you have to register a vendor account for a one time $49.95 to get activated. Clickbank takes a small fee($1 + 7.5%) out of every transaction but that's ok because you are using a third-party credit card processor anyway.
One of the major benefits of having your own product registered at Clickbank is that it will be automatically listed in its marketplace. But you need to complete at least 1 digital sale to be listed there. And the good part is, once you get more and more sales, your ranking will rise in the marketplace and will attract more and more affiliates to sell your product. Due to the fact that it's so easy to sell other people's products with Clickbank, you can have lots of affiliates without you knowing. They don't even need to contact or sign up with you. And just a small bunch of quality affiliates can bring good business to you, now imagine having dozens or even hundreds of them.
With Clickbank, you can set up your account with the minimum amount accumulated to be sent a cheque. Clickbank sends cheques every two weeks so if you've reached your minimum every two weeks, you will receive a cheque. Usually, you will receive your cheques promptly. Furthermore, Clickbank gives you customer support and provides real-time sales reporting and statistics. You can also automatically track which affiliates have sold your product.
If you are considering launching your first digital product like an ebook or software, Clickbank is a great place to get started
