There’s many things to sell on the internet. You can sell stuff you own, using platforms such as eBay, or Facebook marketplace. But you can also sell products you don’t own, with business models such as drop shipping and affiliate marketing. With drop shipping you partner with a company already delivering and selling products and essentially become a third party referrer; referring customers through an online website.
The same is true of affiliate marketing. With affiliate marketing you join an affiliate program and promote your affiliate link online. Affiliate marketing is one of the most popular online business models in which third parties refer other people’s products. What’s great about affiliate marketing is that you can start from anywhere and sell products without dealing with customers or inventory.
Selling products online without inventory allows anyone to build a large business through online marketing techniques which anyone can learn.
Things To Sell On The Internet: What To Sell
With affiliate marketing you can sell almost anything you could think of. Amazon, for example has an affiliate program which anyone can join. Take a look on Amazon at the many products you can find and sell. Here’s a quick glimpse of what’s available on the site.
There’s other types of affiliate products you can sell too, such as digital products. Digital products are good to sell for a number of reasons. Firstly you can sell them internationally because there’s no need to physically post the products. Digital products can be accessed and downloaded over the internet instantly. This makes them perfect products to sell for affiliate marketers.
Digital products pay more than physical products too. With Amazon, affiliates will typically earn between 1% and 10% commission on any sales they refer. That’s not great and you will need to sell many products to make a viable business using Amazon. But Clickbank, for example, hosts multiple digital products and you can earn much larger rates of commission if you choose to sell digital items. Typically digital products will sell for 30%-40% commission, so you can earn much more from a similar number of sales of a physical product.
Things To Sell Online: Courses & Software
Courses and software products offer some of the best ways to earn online through affiliate sales. There’s a huge number of people looking to invest in their online skills to enable them to shift to a more flexible way of working. You can promote and sell digital training courses which help people to develop online marketing skills, earning commissions at the same time!
The benefit of selling an online training course is that many have subscriptions attached because they are membership products. With a membership product you can earn ongoing commissions from each sale you generate. Software products are good too for the same reasons. See business mentorship program for more on digital training you can sell.
Many software products offer recurring commissions because they are subscription products. Aweber is an autoresponder service which is a good example of a software product used for online businesses. It’s a good product to sell for affiliates because it is so useful and essential for anyone who wants to build an online business.
High Ticket Items
High ticket affiliate products are a good idea for affiliate marketers too. How does high ticket affiliate marketing work? With your standard affiliate product you might only earn a tiny portion of the sale. Amazon, for example pays between 1% and 10% on most of their products. But with a high ticket affiliate product which carries a much larger price tag, your commission is going to be far greater for each sale you generate.
Take a look at this product, for example, which carries a large price tag of $395,000. Hammacher Schlemmer, the company who sells this item pays affiliates 8% of any sales referred. So as an affiliate making the sale, you could earn $31,600 on any sales of this item which you generate. Compared to a $100 item on Amazon which pays only $8 (given the same percentage) and you can see the power of high ticket affiliate marketing products.
High ticket items, subscription products and digital products are some of the best things to sell on the internet. As an affiliate, you don’t need to own these products yourself either, so there’s no having to handle products or even deal with customers. What you do need to learn however is how to sell online. You can access a free video series here to learn more about it.