With so many people witnessing online tech start ups blossom into “unicorns”,more and more people are asking themselves, “how can I get money?”, or “how do I get money?” Just like back in the late '90s, people are getting into online businesses and digital marketing either to supplement their “regular job” earnings, or they're determined for it to become their main source of income.
In today's information age, you can reach just about anybody in the world who has Internet access if you market your products digitally. That means that there's a huge market for you out there... which can translate into larger profits. Setting up a home-based business requires only a portion of the cost required to set up an actual business establishment, which means a lot of savings for the business owner.
Another aspect that has attracted so many people towards digital marketing is the fact that you don't have to have your own products in order to get started. In digital marketing, anyone can start earning money just by selling, or even just by trying to sell other peoples' products. Getting started with this kind of marketing strategy is actually quite easy. All you need to do is to set up an agreement with an online retailer or merchant, and after everything is settled, you can immediately start earning money by selling the merchants' or the retailers' products.
Make Money Selling Other People’s Products and Services
The most popular and the fastest growing method of selling other peoples' products digitally is affiliate marketing. Affiliate marketing, in its simplest definition, is a relationship between an online merchant or retailer who has products to sell, and his affiliates, who are willing to promote the merchants' product or products on their own website or blog.
In a normal affiliate marketing set up, the merchant provides his affiliates with banners and text ads that back-link to his site. The affiliates will then get these ads posted on their website and they get paid whenever traffic or sales is directed to the merchants' website. Affiliates, for the most part, are paid on a commission basis, but there are also other web merchants who choose to pay a fixed fee for the affiliates' compensation.
Beginning to earn money online with affiliate marketing is relatively quick and easy. Sign up as a member of an affiliate network—a network that hosts a variety of affiliate programs for different online merchants or retailers. Signing up is usually free, although other companies and networks may require you to pay a particular fee. Such fees, however, are made as payment for additional services that the company may render, like providing you with tools and assistance to boost your online business.
Immediately after signing up with an affiliate program and being accepted as an actual affiliate, you are now ready to start earning money by selling other peoples' products digitally.
How Are Digital Marketers Paid?
Many affiliate marketing programs compensate their affiliates in either of three ways: pay-per-click (PPC), pay-per-sale (PPS), or pay-per-lead (PPL). In pay-per-click affiliate marketing, the affiliate is paid whenever he directs traffic to the merchant's site. PPS and PPL affiliate marketing programs work rather differently. In PPS, the affiliate only gets paid when his referral converts into an actual sale. In typical PPS affiliate programs, the affiliate would usually get 15% to 20% commission for each conversion. PPL affiliate programs work the same way, although affiliates are paid a fixed fee whenever his referral converts into a lead for the company.
Some affiliate marketing programs are two-tier programs, wherein the affiliate is also allowed to recommend other affiliates to the merchant. In such affiliate programs, the affiliate would not only be paid for the traffic or sales that he would direct to the merchant's site but also for the traffic or sales directed by the affiliates who signed up with the program through his recommendation.
Another way of earning more with affiliate marketing is through residual affiliate programs. Residual affiliate programs are affiliate programs where the affiliate gets paid a number of times for as long as the merchant keeps the customer -the affiliate has referred to the site owners' site. Another residual program gets the affiliate paid a commission every time a referred customer purchases something on the merchant's site. And another residual affiliate program gets the affiliate paid a percentage every month for as long as the company keeps the referred customer.
With a lot of options available and a lot of ways to earn money, digital marketing is undoubtedly the most popular and the easiest way to earn money -by selling other people's products digitally. As to how much money one can earn from digital marketing -it actually depends on the marketer. A dedicated and hardworking marketer would certainly get more from the program compared to those affiliates who would simply sign-up and forget about the program later.