In this video blog I pull the curtain back on the basic ideas EVERY new internet entrepreneur should understand.
It took me close to 2 years to make my first $1 online… fast forward 5 years into my career and I am now able to say that I am completely financially free and scaling multiple online businesses at an astonishing rate.
I cover the 2 ways to make money online as well as give you my strong suggestions on how to start your internet business TODAY. Straight to the point NO fluff / no Hype just the straight facts on the mechanics behind making money online.
Check out the video below for an overview of what making money online is all about!
There are ultimately 2 ways to make money online:
Sell your own product
Sell someone else’s product
My strong suggestion for any beginner is to start with selling someone else’s product (this is called affiliate marketing)
Products you can sell online are broken down into 2 basic categories:
Physical products are fairly straight forward to understand – Shoes, Clothes, Watches, Books
Digital Products can take many shapes and forms including:
- Video Courses
- Audio Courses
- Downloadable Worksheets
The way this process works is you head over to a vendor’s website and sign up for their affiliate program. (In this video i suggest signing up for Clickbank and Amazon associates)
Once this process is done you pick a product on the vendor’s website and generate something called an “Affiliate Link”. The affiliate link is a UNIQUE link generated by the vendor for the purpose of tracking incoming visitors.
Your job as an “Affiliate Marketer” is to present this offer (using the affiliate link) to TRAFFIC (people online) and if they click your link and purchase the product YOU GET PAID A COMMISSION!
Here is an example of an Amazon Affiliate link to a book I really recommend!
Both the picture and link have a unique tracking code built into the URL.
If you decide to take my suggestion and check this awesome book out by Tim Ferris (Which I really do it changed my life!). I will get a small commission for referring you to Amazon to purchase this book!
Traffic can come from a variety of sources, personal blogs, social media, advertisements, even word of mouth. The key point to understand is the mechanics of the process
Customer Sees Offer –> Customer Clicks Your UNIQUE AFFILIATE LINK –> CUSTOMER BUYS –> You Get Paid
The commissions can really vary depending on the vendor but on average range between 2%-10% for physical products and 40-60% for digital products.
To give you an idea on how quickly this can scale:
Imagine selling a $97 Workout course that includes 6 DVDS, 40 page workbook and a meal plan guide.
If you were to sell just 4 a week (at 50% commission)
that would make you a whopping 10 000+ a year extra!
Add in supplement offers, vitamins, workout gear and all of a sudden you have an online business that is generating you a FULL TIME INCOME all while you sleep!
ACTION STEPS TO DO IMMEDIATELY
- Sign Up For Click Bank – www.clickbank.com
- Sign Up For Amazon Associates –www.affiliate-program.amazon.com/
- Find a Product That You Would Be Interested In Promoting
- Get The Affiliate Link
- Go Open A Beer – You seriously just made more progress then 50% of the people trying to make money online 🙂
I really hope this post helped you out! Feel free to leave a comment, share this with a friend or on your social media! I really want to get the message out that making money online is not as hard as many people make it seem.
Don’t forget to subscribe as i will be putting out more content on how to get your online empire off the ground!