Make Money Online
Making Money Online: Selling Digital and Physical Products Is The Best 2 Ways
With the global lockdown, and a lot folks either out of jobs or had their salary slashed; as making money online either selling digital or physical products is the trends of this era, many people have started getting interested in online business.
The question on the lips of many Nigerians is which is the right online business to do right now in order to not just make ends meet, but get fast returns.
The question is not farfetched, as no one wants to invest in any business, whether online or offline, and get funds tied up, or worse still, experience embarrassing loss.
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So, should they try:
- Forex
- Cryptocurrency
- AdSense
- Multilevel marketing
- Arbitrage
- Freelancing.
The lists of the types of online businesses goes on.
With so many options available for anyone to pick up and master, it can become really confusing deciding which of the online businesses to concentrate on, and master.
TABLE OF CONTENT
- Introduction to making money online selling digital and physical products
- The two ways of MMO selling digital or physical products
- Affiliate Marketing and Product Creator
- Advantages and disadvantages of Affiliate marketing and Product creator
- Conclusions.
However, from my personal experience and the experiences of others, the best way to make money online and from anywhere in the world with peace of mind is by selling products online.
These could be digital or physical products; and you can do the selling either as an affiliate or product creator.
Jeff Bezos, the founder of Amazon became the world’s richest man even during this lockdown because he owns a platform where people can buy almost any type of products that they need.
He was selling to people from all over the world, even during lockdown!
So, while many billionaires where complaining of dwindling income, he had to hire even more staff to cater for the ever-increasing demands of people buying from his platform.
The thing is that, people will always buy stuffs online, so all one need do is come up with a good product, or market one as an affiliate.
In this article, I will be revealing to you how you can make money online, selling either digital or physical products.
Let’s get started.
NOTE:
I Recommend this 2 very liberating materials to you, it has help our readers a lot in securing their dreams opportunities
If need any assistance, do not hesitate to chat me up with my whatsapp number- 08132227690 or email us at admin@whitebeetles.net
Making Money Online that I Recommend
The Two Ways of Making Money Online Selling Digital or Physical Products
As I mentioned earlier, there are two ways of selling products and services online. You can either do it as an affiliate or product creator.
We are going to be delving deeper into these two methods as we look at both the pros and cons of each, and see how both of them can be combined if necessary.
Affiliate Marketing – Selling Other Peoples Products and Services.
Affiliate marketing is the art of promoting other people’sproducts and services with the hope of making a sale and getting a commission for it.
That’s the easiest explanation I can think of right now.
What happens is that you help another person market their products, and when you make a sale, you get paid a fixed commission for the sales made.
This method of making money online is as old as time itself; and it is a sure and tested way of making money online.
The good news is that there are many reputable affiliate marketing platforms online that you can register with and get started with affiliate marketing; and they are often free to register with.
Some of the main notable ones are:
- ClickBank
- Amazon
- Walmart
- JVZoo
- WarriorPlus
- ShareAsale
- Commission Junction, etc.
There are hundreds of reputableaffiliate marketing platforms worldwide that anyone can get started with; and all you need do is open a free account with them and you are good to go.
However, marketing other people’s products takes skills; and the passion to make it work.
You will need to research your niche, and pick quality products to market.
Advantages and Disadvantages Of Selling Other People’s Products
One of the advantages of affiliate marketing is that you don’t need to create your own product; and creating your own product does take time and costs some money.
In addition, you have access to a plethora of products and services in different niches.
You also get to cash in on the reputation of big brands and big names, and market quality products.
You also don’t have to bother with handling support or shipping issues as this is handled by the product owner(s).
For disadvantages, you don’t get to receive 100% commission, but a certain percentage and for some platforms, this could be as low as 5%which is not that encouraging to many marketers.
There is also the risk of selling a low-quality product and tarnishing your reputation as amarketer.
Product Creator – Selling Your Own Products
This is another way you can make money online selling your own products, and keeping 100% of the profits.
It’s the absolutely best way of earning online income, as you are in TOTAL control, and can fix whatsoever price you want on your product.
You can sell digital or physical product as a product creator, and earn continually from it, even in years to come; especially if it’s a quality product and solves a unique problem.
However, coming up with a winning product idea is not always easy to influence your making money online, and could be time consuming, so many folks just prefer affiliate marketing and shy away from the stress of creating their own products.
Advantages and Disadvantages of Selling Your Own Products
Obviously, there are many inherent advantages to selling your own products.
For starters, you get to keep and enjoy all the profits from the sales you make. No commission splitting.
If it’s a quality product, you end up creating a brand for your name and company, which is a good thing especially in the online community.
You can also employ an army of super affiliates to help with marketing your products for a commission, and end up with more sales which means more making money online for you.
There are so many advantages that comes with selling your own products.
In the same vein, there are some disadvantages with selling your own product.
The most common of this is that you will be responsible for support and shipping of the products. This is not always an easy thing to do; especially offering support for digital products.
You will be responsible for troubleshooting, updates and upgrading of your product. This costs money.
Creating your own product also takes a lot of funds and time and stress; and the faint of heart will not be able to contain all of these.
With all these being said, selling your own products online can be one of the most rewarding ventures ever if well planned and executed.
In Conclusion
So, which should you opt for?
Selling your own products or selling other people’s products as a means of making money online?
Well, if you are just starting off, affiliate marketing might look more appealing as the better alternative so you get to master the ropes.
With time, if you can lay your hands on a good product as your won, then this would be a great option as all you would need do is send some traffic and you make good money.
For those who can’t create their own product, a sure and tested way of getting your own products if you are going digital, is to cash in on PLR products.
PLR products are products that you are given the rights to put your name on it and market as if you own the products.
It’s a sure way of making money online.
Also, you can decide to sell your own products as well as that of others. This is what many online marketers do, and I do it myself when it come to making money online.
Wishing you the best of success with your online marketing.
I Recommend this 2 very liberating materials to you, it has help our readers a lot in securing their dreams opportunities
If need any assistance, do not hesitate to chat me up with my whatsapp number- 08132227690 or email us at admin@whitebeetles.net
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