With the changing world we all find ourselves in, many people are looking at the prospect of making money from home.
With the global economy in a volatile state, and many social policies in place, now is the time to secure your own income.
Below I will talk about what I consider to be one of the best home businesses.
Now Is The Time
Many retail stores are suffering due to reduced traffic, and therefore revenue, resulting from the outbreak.
This is pushing many retailers to expand their online presence and produce their revenue via e-commerce.
Some are projecting an online gold rush as more people either choose, or are forced, due to local store closures, to shop online.
The holiday season is approaching and it is already being projected that a larger than normal amount of purchases will be made online instead of at physical retail stores.
People who have their online infrastructure in place stand to profit heavily from this trend towards online shopping.
How Can You Profit From It?
Online retailers rely on internet traffic finding their products in order to make sales.
Most will utilize methods such as SEO (Search Engine optimization) to get their websites found in search engines such as Google.
They will also use social media in order to drive traffic to their products.
Another way that many companies use, and more are starting to implement, a practice known as affiliate marketing.
This is a very simple concept.
The affiliate posts links a companies products, and when people click on the links, they are taken to the companies website.
When the person who clicked the link purchases a product from the company, the affiliate earns a commission.
An affiliate joins the Amazon affiliate program.
This provides them with the ability to link to ANY product on Amazon.
The affiliate chooses to link to a handbag that is priced at $300.
The affiliate then posts this link on their social media.
Some of their social media followers go through the link and end up purchasing the handbag.
The total number of sales is 5, so the total amount of money is 5 x $300 = $1500
The commission rate for that type of product in the Amazon affiliate program is 4%
The affiliate earns 4% of $1500 which is $60.
Once a person clicks through an affiliate link, they are classed as a “referral” of the affiliate for 24 hours.
So anything that the person buys within 24 hours will earn the affiliate a commission.
A person may click on the link to the handbag but end up searching around amazon for other products.
Anything they buy will earn a commission on each product for the affiliate.
The affiliate posts a link in a tweet to a handbag on Amazon, like the example above.
They have a substantial following on Twitter and their tweet is liked and retweeted many times.
This results in 200 people going to Amazon through their link.
65 people purchase various items while on Amazon.
The grand total in sales referred is $7500.
Using the 4% commission rate, the affiliate earns 4% of $7500 which is $300.
That is the result of one tweet.
The affiliate posts many tweets per day, each one with the potential to earn money should people click the link to Amazon and make a purchase within 24 hours.
Many well-known companies use affiliate programs.
Pretty much any online retail store you can think of has an affiliate program.
Training Provides Success
Posting links on social media is only part of the wide array of techniques that affiliates use to refer people to profits.
Some affiliates will create a blog, build an email marketing list, or a YouTube channel.
There are multiple ways to produce revenue from affiliate marketing.
The more avenues you use, the more traffic you can refer, and the more sales commission you can generate.
Each technique has its own best practices in order to achieve success.
In order to implement the techniques to maximum profit, you will have to apply them properly.
To do this I strongly advise you get training.
As I said above, this holiday season is going to see a huge surge in online retail due to the current situation in the world.
Online shopping has been growing for years, but now it is becoming a gold rush for affiliates.
List Of Domains For Sale
Start Your Online Business Today!
There has been a shift towards online shopping for years, but due to recent events in the world, it has accelerated.
With various social policies in place that restrict the number of people allowed in a location, many people are choosing to shop online.
The world has changed.
Many businesses are struggling or have even closed altogether.
Large amounts of people have lost their jobs, had their hours cut, or are fearful about the future of their employment.
Now is the time for people to take their financial security into their own hands.
In this article, we will look at what I, and many others, consider to be the best online home business for beginners.
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