1. Digital Products
In this article, I'm going to teach you about affiliate marketing. What is affiliate marketing? How does it work? And why is it such a big deal? Let me tell you...
There are many affiliate programs available online. Some of those programs pay up to 50% commission. That means you can make $50-$100 for every sale you generate for the program owner.
You don't need any special skills to become an affiliate. All you need is a computer, smartphone or tablet (the internet).
I'll give you examples on my website of how an affiliate works. There are several ways you can join these affiliates, so let's dive right in!
Digital products are the most common type of affiliate program. In digital affiliate programs, you promote websites or services for others to purchase.
For example, you may advertise Amazon.com's ebooks, books, movies, music, toys, clothing, electronics, and much more. Many times, there is no cost to join these types of programs.
2. Physical Products/Service
Physical products and service affiliate programs offer you the opportunity to promote physical products or services for others to buy. For example, you can bring in customers to buy fitness equipment, exercise classes, health food stores, vitamins, supplements, and many other items sold at retail stores, doctors' offices, hospitals, and pharmacies.
These products usually come with a high initial fee or setup charge. These fees often include things like inventory, website creation, packaging, shipping, and customer support.
However, once you're set-up, you won't have to spend anything else except for advertising the products you promote.
3. Commission Only Affiliates
Commission-only affiliates are similar to traditional affiliate programs, except for one major difference - they only pay commission. This means if a person purchases something through your link, you receive a percentage of the order price paid.
Commission only affiliate programs are usually found on shopping sites that specialize in selling specific merchandise. Examples include fashion boutiques, sports gear shops, baby supplies, beauty supply retailers and various other specialty stores.
They typically have low minimum requirements for joining and can pay very well. Typically, you don't need a credit card to sign up.
4. Membership Driven Websites
Membership-driven websites are another type of affiliate program. Like traditional affiliate programs, membership-driven websites such as EzineArticles and InfoBarrelare built upon the concept of offering affiliate offers for free content, then charging commissions when members enroll.
However, unlike traditional affiliate programs, the sites aren't built around any specific product or service. Instead, the goal of these sites is to provide quality articles and information that appeal to readers.
This allows the owners of these websites to attract millions of visitors each month, and thousands of subscribers.
As a result, you can earn extremely high commissions on sales generated from these sites.
5. Direct Sales
Direct sales are similar to traditional affiliate marketing programs. However, direct sales are built solely around promoting products that are directly sold to consumers.
For example, a direct sales company would sell products such as hair care brushes, makeup kits, skincare kits, and many other cosmetics and skincare products.
Since there are no middlemen involved, direct sales companies tend to pay higher commissions than normal affiliate programs. Also, since their products are sold to buyers personally, you don't have to rely on traffic or referrals to drive sales.
6. Business Opportunity Companies
Business opportunity companies are unique among affiliate programs. Unlike other affiliate programs, they don't sell actual products. Rather, they sell businesses.
Some business opportunities companies will sell are real estate properties, franchises, small businesses, etc. Others will sell online courses and training materials.
Business opportunity programs are ideal for individuals looking to supplement their income. If you're seeking additional sources of money, you should consider becoming part of a business opportunity company.
7. Multi-Level Marketing (MLM)Companies
Multi-level marketing is a huge industry. It encompasses everything from network marketing, where people recruit new distributors themselves, to multi-level compensation plans.
MLMs are growing rapidly due to increased interest in home based business ownership.
Multi-level marketing companies are different from traditional affiliate programs. Here, the entire company sells the same product or service.
For example, Avon is a multi-level marketing company. Their products are perfume, cosmetics and related accessories.
When someone buys a piece of Avon merchandise, he becomes a distributor for Avon. The next step is to recruit women into her business. As she recruits new distributors, she earns commissions on their sales.
Once she reaches certain levels in the company, she receives rewards such as trips, cash bonuses and discounts on future Avon orders.
Most multi-level marketing companies require some sort of financial investment before you can participate. This could take the form of either a startup fee or monthly dues.
The good news is that most MLM companies do require a small amount of upfront money. Most startups have minimal fees ranging between $25 and $150. For some, however, the investment ranges anywhere from $500 to $2000.
Regardless of what kind of program you choose, remember that success comes down to consistent effort. Good luck and enjoy the journey!
8. Online Job Boards Job boards are online job listings.
A lot of them offer lucrative commissions for recruiting new employees.
Many of these job boards offer high-paying positions, such as telemarketers, sales representatives, and managers.
To qualify for high-paying jobs, you must first apply using a resume and cover letter. Next, you must pass a screening process. Once hired, you'll get a list of tasks to complete along with a detailed description of how you'll be compensated.
It's important to note that many of these companies hire independent contractors. Therefore, the terms and conditions of employment vary greatly from employer to employer.
9. Pay Per Click
Pay Per Click Advertising Google AdWords and Facebook Ads are two popular forms of pay-per-click advertising. Both are used to place ads on search engine results pages and social media fan pages. When searchers use keywords associated with your ad on Google and Facebook, you pay when they click on your ad.
Advertisers bid on keyword phrases or words in advertisements. Bidding on keywords that are related to your target audience increases the chance that you'll show up on top rankings.