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 amount of people allowed in a location, many people are choosing to shop online.
With this rapid decline in foot traffic, and therefore revenue, many businesses are closing their physical locations and this is forcing even more people to look for the products they need online.
There is a way to profit from this.
In fact, it is entirely possible to earn a living from it.
I will put this in as simple terms as possible.
Disclosure : Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
How to profit from the online shopping boom
Online businesses rely on web traffic to their products.
A business can have the best products and on the greatest website, but it makes zero difference if no one ever visits their site.
Most will use methods such as, search engine results, pay per click advertising, and social media, in order to attract traffic.
But a method that is quickly gaining favor is affiliate marketing.
Affiliate marketing is simply the practice of posting links to products in exchange for commission.
To illustrate this in simple terms I will put it this way.
John joins an affiliate program for a shopping web site that pays 10% on any sales he refers.
The program gives him access to links that contain his referral i.d.
John posts these links in various places such as, blog posts on his website, in his social media posts, and in the description part of his YouTube videos.
If anyone clicks on these links, they are taken to the shopping website.
If they purchase anything on that site, John earns 10% of the total spent.
So, if someone follows John on social media and clicks on his links, they will be taken to the shopping site.
If they spend $100, then John will earn $10 (10%) from the sales generated.
The price for the customer is exactly the same as if it would be if they did not click Johns link.
The $10 is paid from the shopping sites profit margin.
Anyone that clicks on Johns links and makes a purchase will earn John money.
As you can imagine, this can make John a lot of money.
The more people he sends through the links then the more potential sales he has referred.
John does not have to interact with the customers or handle any aspect of the products.
No inventory, no shipping, no customer service.
John simply posts links and sends traffic to the shopping site.
Sound too good to be true?
Here are some examples of shopping sites that have affiliate programs and pay commissions to people who post links that generate sales.
As you can see, those are well known names and places a lot of people shop online.
If you become an affiliate for one of these companies, you post your referral links and and if someone clicks your link, goes to the site and makes a purchase, you earn money.
As you can imagine, referring people to Amazon can be very lucrative.
They click your link and anything they purchase earns you money.
You do not have to handle any products or interact with the customer in any way.
The customer experience is the same as it always was.
They find something they want, they checkout and pay, amazon delivers it etc.
Your only role is that you posted the link that sent them to amazon.
How to learn to do affiliate marketing properly
There are plenty of people earning a living from affiliate marketing.
Everyone from students, to stay at home mothers, through to retirees and of course entrepreneurs.
Some people earn a few extra bucks each month to help with bills etc.
Others make thousands per day.
It all depends on the skill set of the affiliate and of course the products they are promoting.
Fitness supplements such as protein powder will move more units ,but pay less per item.
Luxury watches will earn more per sale, but move less units.
Although posting links on social media all day can produce results, there are better methods.
A trained affiliate, (the most successful type of affiliate) will utilize various methods and platforms to push traffic to the shopping sites.
If you are interested in learning how to be successful at affiliate marketing then you should take advantage of the wealthy affiliate free membership.
The platform is used by over 1.4 million members in 193 countries and has been in business for 15 years.
It has taken people with no experience and turned them into full time affiliate marketers who quit their jobs and now work from home.
It has step by step lessons and also live stream classes.
This platform will lead you step by step from complete beginner to professional affiliate.
It will teach you how to use social media, blogging, and video content to push traffic through your links.
It will teach you how to be a successful affiliate.
If you wish to learn how to make money from affiliate marketing then join up and start your education right now.
It’s free and you can start today.
The Lone Wolf Entrepreneur Book
A Lone Wolf Entrepreneur is someone who builds their own financial success.
Someone who lives life on their own terms.
They are self-motivated, self-disciplined, and self-accountable.
Goals are set, and they typically work on their projects alone.
This is not to say they won’t collaborate with others on projects if it is in their interests.
But they realize that when all is said and done, it’s their actions that provide their results.
The lone wolf entrepreneur has a spirit of freedom in all aspects of their life.
They plan their own personal goals and manage their own time and money to achieve them.
Self-accountability is a core trait of a lone wolf entrepreneur.
They set themselves high standards and try to surpass them, let alone meet them.
The lone wolf entrepreneur is an alpha personality who hates answering to anyone as a subordinate.
They hate the confines of a job and often dislike being told what to do.
Like a wolf trapped in a cage, the lone wolf entrepreneur yearns to run free and go where they may.
A lone wolf entrepreneur may be alone simply due to the fact of not having like-minded people around them.
But the lone wolf will still hunt their goals down alone.
The burning desire is the hunt.
The prey is success.
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