Earning a commission, or a percentage of the sale, is a common way of compensating someone that sells a product for another person or enterprise. Many online entrepreneurs can make a nice living promoting the sale of products for others and thereby earning commissions from others. This is at the heart of affiliate marketing on the web.
There is however a significant difference between earning a nice living and generating profits that you could only imagine in your wildest dreams. One's effort to sell for others leaves the lion's share of the profits going to the principle, not to the salesperson. When you promote products for others, you make some good money - but the product owner is the one that gets rich.
By creating and marketing your own successful products, the profit potential will far surpass any efforts made to just sell alone. This is because you will be the one to receive all of the profits from the sale (less any commissions that you pay "your" army of affiliate marketers now working in your behalf).
If you sell a $200 product for someone else and make 50%, then you get $100. But if you sell a $200 product on your own, then you're doubling your profit. Not only that, but you can sign up other people to sell for you, pay them a commission - and you're earning effortlessly as they do all of the marketing work that delivers targeted traffic!
An even better option is to write an eBook as you will be able to place affiliate links, or links to other profit generating applications within the eBook. Making money on the web isn't about who works the hardest, it's all about who works the smartest!
Unfortunately, there is a big difference between knowing "what" to do and actually "doing it." If the description above for how to make money on the web was all there was to it, we would all be making a fortune on the internet. Alas, simply showing up isn't enough to be able to get ahead. This becomes clear when one looks at a real life scenario that happens more often that one can imagine i.e. like someone on the job for 10 years getting passed over for promotion and seeing the new hire land the position.
Creating a product and getting it up for sale on your site doesn't have to take that long. You can have an eBook finished in a day, a week, a month, or more depending on how fast you write. Create a perfect balance of info product development and affiliate marketing for the maximum return on your investment of time and effort.
Give people something that they can really use and you will generate repeat customers. By writing in a friendly informative manner, your eBooks and other products will help you to gain a good reputation as a problem solver and other's will continue to seek out your services as a solution to their problems.
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I made $20 per a 20 minute survey!
ReplyDeleteGuess what? This is exactly what major companies are paying me for. They need to know what their customer needs and wants. So big companies pay $1,000,000's of dollars per month to the average person. In return, the average person, myself included, answers some questions and gives them their opinion.