To make money from home is possible in a number of ways. However some of these strategies aren’t as effective and aren’t as promising as others. We all know that working from home means that you can’t afford to waste time and have a slow income. But not to worry because there is a solution. There are two great ways to do business when working from home. The first one and probably most effective is affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is quite simply earning commission by promoting other company’s products. Find a product you like, promote it and earn for each sale you make. This is performance based marketing; what I mean by that is that in order to make more money you have to make more sales. I know that may make you sound less confident about it but I can assure you that you won’t have to worry about that if you play it smart. There are certain methods to become successful when it comes to making a sale.
Simple steps to focus on when marketing
Target Audience: When promoting a product your more likely to make a sale when targeting the right audience. You have to ask yourself questions for example; I am promoting a video game. Where would I advertise this product? Where is my audience going to be? perhaps you may find these answers through social media or Youtube. That may be a great place to start.
Promoting products you are passionate about: Think of yourself when your about to promote the product, this would make it a lot easier when planning on placing an ad because you will automatically know where your audience will be.
Set yourself a limit when investing: This may be the most important tip. If you are making sales but spending more money on your ads then you will not be making a profit. Make sure you have a plan, work out on how much money you would want to invest a month and stick to it . It is quite easy to get a little too excited and splash out money on your ads.
How can I benefit from affiliate marketing?
Passive income: “Regular” jobs require you to go to work to make money, with affiliate marketing you can make money while your sleeping.
Pay less: Most businesses usually have start up fees, with affiliate marketing you can start without any hassle.
Performance based: Your income is based on your performance . You may work over time on your salary paid jobs and still earn the same amount each month. With affiliate marketing the amount you earn depends on how effective your ad is. You may work an hour or two a day and earn an incredible amount of money.
Overall this is a great business to get into if you were to make money from home. You wouldn’t have to deal with customers or shipping the product, just simply focusing on making that sale. Remember play it smart and you might just be seeing yourself becoming financially free.
The second business idea that is really effective to do from home is working with Amazon FBA.
What is Amazon FBA?
The Amazon FBA program is a little different from the affiliate business models. With Amazon FBA you need to create your own products or at least purchase them from manufacturers or wholesalers. You will need to make sure you read over all of their terms and services carefully to avoid any problems. Fulfilment by Amazon is there to help grow your business. Your products are picked, packed and shipped to the Amazon warehouse.
Why is Amazon FBA great to get into?
Free from customers: The most difficult thing about selling your own products is dealing with customer service. Some of you that may be reading this know what it feels like to deal with customers face to face and know how difficult and annoying they can be. But lucky for you Amazon will deal with the customer service.
Low cost: Amazon FBA also offer discounted shipping rates. Your customers will also benefit because many Amazon orders have free shipping and the prime members can get two days shipping for free. This will be great for you in terms of increasing your sales.
Quick delivery: There are hundreds of fulfilment centres all over the world. This makes it possible for customers to receive their order within a few days no matter where they are around the globe.
Things to focus on to be successful with Amazon FBA?
Your niche: Choose your niches carefully. Research potential niches to help you decide on what products you want to sell.
Marketing: Use social media, forums and email to market. You should also get reviews from your previous customers to help with your business.
Offers: You should offer sales but not too often, this is a great way to out do your competitors. You should also be ready to offer deals around holidays. You are 5 times more likely to get noticed during the holiday period.
How effective is Amazon FBA?
Due to the reputation of a successful business like Amazon, customers are more likely to buy your products. They have a strong level of trust so if something goes wrong the customers are confident that Amazon will deal with it. That is a big plus for you and your business because your products will be trusted and you will have customers that will be interested in buying.
In conclusion Amazon FBA and Affiliate marketing are both great ways of becoming financially free and you can work from the comfort of your own home.
If you wish to find out some more information on how to start a business from home then feel free to contact me.
Have a great day guys! 🙂