How to make extra money online or even from home.
Read Full Article Here: http://www.lawrencetam.net/how-to-make-extra-money-the-unconventional-guide/
I cover topics like affiliate marketing like clickbank and well known ones like Amazon affiliate.
17 different ways to learning how to make extra money online even from home.
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How to Make Extra Money Online
1.
2. Learning how to make extra
money on the internet is
EASY
Figuring out what to do to make extra
money on the internet is not as easy.
3. There are hundreds of categories that
can be split into thousands, if not tens of
thousands of ideas.
!
This guide on how to make extra money
on the internet, with a special focus on
affiliate marketing.
4. There are many other ways to make money
online, but we will include a lot of affiliate
marketing programs because:
!
● Some pay very well.
● You can automate them much easier.
● Very low start-up cost.
5. How To Make Extra Money With
Affiliate Marketing
6. Think of affiliate marketing as
commissioned-based sales.
A company creates a product and commissions people to sell it for them
in exchange for a percentage of the sale. Amazon, Best Buy and other
major retail outlets have affiliate programs. That’s right, you can set up
an account with say, Best Buy, start selling flat screen TVs, and earn
about a 4% commission. It is the affiliate marketer’s job to send people
to an offer to Best Buy, and if that prospect buys, they earn a
commission.
8. Think of a funnel
● 1000 people come to your website.
● 100 optin.
● 1 buys.
The average sales conversion is about 1%.
If you sell a $1000 flat screen for a 4%
commission, you earn $40. If you sell one per
day, every day, in a 30-day month, then you earn
$1,200 per month.
Not Bad!
9. So the next question is, how do you get 1000
people to your site every DAY?
!
Remember, in order to earn that $1200 a month,
you must have about 1000 people coming every
day to your website. Consistently.
13. 1. Clickbank
Clickbank is an online marketplace
for affiliate marketers and
companies looking to promote their
products. Clickbank provides
information such as the cost of the
product, the percentage affiliates
receive when they sell, how popular
the product is, recurring
commissions and other details.
14. You can choose one product or
several, and as an example:
1. Build a blog or website.
2. Create a free ebook or offer for
visitors.
3. Create a capture page (for email).
4. Create a sales page for the
product.
5. Create a series of email that offer
info about the niche.
6. Promote the product to your email
list.
7. Make sales.
The main split is...
!
Affiliate – someone who promotes the
products listed in Clickbank
Product Creator – where you have
affiliates and yourself selling your
products on Clickbank
!
I list it here because it’s a pretty
popular source but not something I
would recommend for the new person,
or even the full time marketer making
less than $3ok/month as there are
easier ways to increase your income and
stabilize it.
15. Here are my Pros and Cons Clickbank.
Pros
1. popular place to make money by selling someone’s stuff or making your own
and getting affiliates to sell it
2. tracking, setup, payouts all there
3. tons of niches but you will see the more profitable ones are going to be the
“make money” or “dating” niches. Check the Gravity (google Clickbank Gravity)
and see what they recommend as “HOT” products/services to retail.
16. Cons
1. many of the offers there are here today and gone tomorrow
2. when you get the “slimy feel”… it’s what I think of Clickbank products…. over
hyped, under delivered (yes, i had my own product on clickbank but it was NOT
focused on money, it was a website building tutorial and noticed the ones that
sold the best was with the better funnels, upsells and not necessarily on it’s
usefulness or quality)
3. some people buy the product, and return it. or buy it and chargeback to get the
product for free (most of the products are digital so they can be consumed
within 90 days). this isn’t the fault of the program so much the quality of the
buyers market. Not to say this is a bit issue, but I’ve seen it happen more so on
this platform and could be because it’s one of the most established online.
17. Do I Recommend Clickbank?
- Only for the experienced in building products or have massive
traffic to send to offers (in niches)
!
- if for affiliates, it’s not sustainable in my opinion as you never know
when the clickbank product will packup and leave so your always
hunting down other offers every single month to stabilize your
income and your offer funnels (blogs, videos, social media…)
constantly needs to be changed and updated for new offers. It’s cool
for a launch for a good product/service but when your doing this
part time and full time I wouldn’t recommend the rollercoaster ride
of having to juggle offers and continue selling new “things”.
18. 2. Amazon Associates
If you’ve wanted to know how to make extra money with Amazon, try
Amazon Associates. This is an affiliate program with Amazon. While
Clickbank is generally associated with digital products, like ebooks,
video tutorials, etc, Amazon allows you to make commissions on physical
products.
People generally buy more than one
product, which you make commission
on, and anything else they buy within
24 hours even if they click out of
your affiliate link.
19. Here is one of my test with Amazon (it’s not a
lot but shows what I want to emphasize… low
commissions payouts)
the image above is my OWN test and numbers… results are not typical and
only shown as a reference to what I’ve done using Amazon.
20. Do I Recommend Amazon Associates?
1. It’s free to start
2. no inventory (unless you want to sell your
own or do some drop shipping)
3. no monthly to maintain
4. established brand so people should buy at a
higher rate
21. Do I Recommend Amazon Associates?
● But the nail in the coffin for me is the payout commission
%. It’s just hard for me to swallow that I drove say
$100,000 in gross sales an make about $5,000.
● Good place to get your hands wet and easy to understand
and get ready for a full time career in affiliate
marketing.
● It’s the easiest to understand as it’s a brand name, and
easy for buyers to have confidence in what they are
buying. If someone were to ask you what you do for a
living… Selling on Amazon is a easier pill to swallow .
22. 3. Elance and oDesk
If you want to know how to make extra money in a more
conventional way, give oDesk and Elance a shot. These are online
outsourcing websites. You can be a freelancer, an employee, or
join a team of freelancers. You can also start your own team of
people to help you with your work. If you can do it, you can find
a gig for it.
23. Some of the skills you can hire
yourself out for are:
● Graphic Design
● Software Development
● Web Programming
● Information Technology
● Advertising and Marketing
● Administrative Support
● Accounting & Finance
● Legal
● etc…
Elance and oDesk has merged but I primarily run my job
hirings through Elance and recommend it as a place to be
hired or to hire.
24. 4. Fiverr
You can jump on this website and offer plenty bang for someone’s buck.
You make $5 minus the fee, which is a buck. You also have the option of
adding other prices for extra work, at $5 intervals.
25. Why would you work that cheap?
What is the benefit?
● You can rack up more work, especially if you create a system to get
it done faster.
● You can pick up better-paying gigs.
● You can put together a package, and then send a download link when
someone orders (photos, articles, videos, etc.). It will take you a
minute to do the work.
● You can gradually raise your prices.
● You can build an army of inexpensive labor to help you get your work
done faster.
26. 5. Etsy
This popular website is well-known for attracting artisans from
all over. If you want to know how to make extra money using your
creative ability, then check out Etsy. Incidentally, if you love
Pinterest as well, then Pinterest is the perfect place to market
your Etsy store.
You can sell the following on Etsy
(partial list):
● Art
● Sculpture
● Jewelry
● Clothing
● Toys
● Furniture
● Home Decor
● Housewares
27. 6. Craigslist
This is a free classified where you can sell pretty much anything. A great
place to make fast cash, this is one of the fastest ways that I know how
to make extra money. You can sell physical products or services. Here are
some ways to make money with Craigslist:
● Find garage sales, buy items to resell on Craigslist for a profit.
● Buy individual items on Craigslist and resell on eBay or Amazon.
● Buy items on eBay in bulk, and resell one by one for a profit.
● Buy items on eBay or Amazon and resell on Craigslist.
● Sell services on Craigslist.
28. Even used items or broken items can be resold. Merchandise like
broken iPhones or gaming systems can be resold on Craigslist. Local
businesses or individuals will buy them, fix them up and resell them.
You can even buy things you need, use them until you are done, and
resell them.
29. The most important thing to do is RESEARCH. If you
don’t do your research, you can lose big time.
To look outside of the scope of what you have already
1. Look to sell your friends and families goods
2. Look to drop ship (buying something on Amazon and selling it
on craigslist, timing is tight… works a little easier on ebay)
3. Buy something on the cheap (clearance) and sell on craigslist.
The goal is to have a return window so you can return
inventory you couldn’t move.
30. 7. Commission Junction (now CJ Affiliate by
Conversant)
Commission Junction, just like Clickbank, is an affiliate marketing
marketplace. Commission Junction offers a lot of physical
products. It also offers events and services. Clickbank offers
more digital downloads, while Commission Junction offers a lot of
other items.
31. Here are some of the ways how to make extra money on
Commission Junction:
● Business Marketing
● Books / Media
● Financial Services
● Telecommunications
● Home and Garden
● Sports and Fitness
The cool thing about Commission Junction is it has some
large brands on it
32. Basically.. any large store or brand that deals in hard
products probably has a listing in Cj.com
There are a couple issues…
You have to be manually approved to
a lot of the vendors.
Icons made by from www.flaticon.com
33. 8. Linkshare
Linkshare is an affiliate marketing program. You can market a lot of
physical products, and they also have big box retailers like Macy’s,
Starbucks and Office Depot. You must go through a screening process.
Linkshare will check out your website and if you pass, you can start
marketing.
34. 9. eBay
We all know about eBay. There are so many ways to make money on
eBay. You just have to pick out what’s trending or popular, buy low,
sell high. If you want to know how to make extra money and have
fun, try eBay. Here are ways you can sell:
● Buy things on clearance, at the end of the season, sell them for
a nice profit.
● Garage sales are gold mines for eBay.
● Craigslist is an awesome place to buy for eBay or sell things you
bought from eBay.
● Some broken electronics, old electronics, sell well.
● Niche products, like t-shirts for biker chicks.
35. Note: You make your money when you BUY not when you
sell. Buy as low as possible.
Most important note: DO YOUR RESEARCH! Don’t
do your homework? Don’t expect to even break
even unless you know what you are doing.
36. 10. ShareaSale
ShareASale is an online
marketplace, like Commission
Junction & Clickbank, that brings
together businesses that can
benefit one another. It is unique in
that it only promotes retail
companies.
There are over 3500 companies to choose
from and it is free to sign up.
One of them I’m testing in ShareaSale
and what I’ll be teaching some of my
students is how to sell this product on
shareasale
!
Most affiliate programs don’t pay too well
but this one on ONLY shareasale pays a
minimum of $150 even on a $30 sale….
pretty crazy and one of the funnels I’m
building out.
37. 11. Google Helpouts
This is a very cool service, where
you can offer advice on your area
of expertise via live video.
Let’s say you are an interior
decorator. You can charge by the
minute or half hour, and actually
give a person advice in real time.
They can even show you their
home, if they wish, and ask for
your advice.
38. 12. Google Adsense
This is basically a snippet of code that you put on your site. It will
show ads, track how many people viewed and clicked on the ads on
your site. You will get paid based on the going rate for clicks in that
niche.
39. 13. YouTube videos
If you love to make videos, is a great
option. Here are some steps on how to
make extra money with YouTube:
● Get a consistent following and a lot
of viewers.
● Monetize your account by
activating the monetization option.
● Set up your Adsense account.
Once you get 15,000 cumulative
watch hours over 90 days, you can
become a YouTube partner.
!
You get more perks like access to
better editing tools, prizes,
exclusive community support and
tips.
40. 14. WarriorForum
WarriorForum is a wonderful place
to sell products. It is an old-school
forum where internet marketers
gather to ask questions about
internet marketing techniques,
products and anything related.
WarriorForum allows you to set up
sales copy (a written sales letter) and
links to your product. You can also sell
affiliate products. One thing to know
about WarriorForum is that a lot of
people will sell to you. It is easy to be
distracted, but don’t. You will end up
losing a lot of money. Stay focused.
41. 15. Print on Demand (Prefer TeeSpring)
What do TeeSpring, Zazzle and CafePress have in common? They
are all print on demand. In other words, you can create art or
graphics, put them on products and these products are not
manufactured until someone orders them. No upfront cost
needed. The company takes their cut when the customer pays.
Some of the physical products you
can sell are:
● Clothing
● Pet gear
● Mobile accessories
● Office products
● Business cards
● Home Decor
● Accessories
● Wedding
● Graduation
● Holiday
42. Pros
1. can start with $0 investment
2. you don’t hold inventory
3. tons of niches to work in
4. pretty new, compared to the other types of
extra money
5. $0 to maintain (sort of)
6. no customer support needed as they handle
refunds, shipping and questions
Cons
1. can be super competitive in niches
2. if your design gets out your niche/shirt can
be flooded with competition
3. trademark still enforced so niches like NFL,
NBA, MLB… will be tricky to sell in
4. to scale up, you need to do paid ads to get it
really going
5. if you aren’t good in tshirt designs, you need
to hire one. Can be as cheap as free (I have a
hookup) or $50 per tshirt design. The design
+ niche is super important.
6. it’s not about 1 good shirt.. it’s about having
20+ going on at one time and cutting your
losses quickly with poorly converting designs
+ niches
43. 16. iTunes Affiliate Program
I love iTunes, and this is a way to promote apps,
music, books and podcasts and earn a commission.
Available internationally,
this program includes
links you can use, as well
tutorials and support.
44. 17. Empower Network
This is my favorite and where I made my first 7 figures online. (yes… made a million in
commissions with them).. I don’t say this to brag but to put emphasis to where I focused my time
and where I had my first major success online with affiliate marketing.
!
Affiliate marketing is the focused effort of selling someone else’s products and services.
In exchange of not having to create, maintain, support… The affiliate just does their thing to
drive buyer traffic but only gets paid up to ~50% (not this one).
!
It depends… Some affiliates pay for leads, but most pay for a sale (That’s the CPA – cost per
action they are willing to pay for an action)
!
So you can spend most of your time driving traffic into a sales funnel and eventually into buying
something you are “backing/promoting”
With Empower Network I run it like I “own it” as that’s what it pays
like… but essentially it’s an affiliate program that pays out super
well…
45. The reason this works for me and why I
recommend it to so many of my newsletter
readers, clients, and facebook clients…
1. It has a built in continuity – it pays every month on it’s
renewals
2. Pays pretty close to 100% (minus the merchant credit
card fees). Unlike other affiliate programs where they
pay you 5% – 50% this one pays you it ALL and minus
the credit card merchant processing fees.
3. The benefits are that it can be instantly set up, comes
with hosting, can have domain mapping for free, built
in capture system in banner and widgets, and comes
with up to 10 blogs.
46. The important thing to remember is that your
customer needs to be helped… you need to
help solve their problems with your products
and services.
!
If not.. you’re not going to be in business long. I’ve been retailing
this product.. this ONE product over 2 years now.
I have hundreds of customers and it’s been a blessing to my
customers. I can send them to this training and I get paid for
them to get the BEST training out there on marketing, mindset,
and business.
47. If you wanted to know how to make extra money, you have many ways
to do it online. Mix them up, combine them or go all out on one. My
recommendation is to start with just one, give it all you got, and then
start to branch out. Making extra money online is done everyday. All
you have to do is get started and focus on growing it.
!
My recommendation is starting with Empower Network primarily
because it’s a high paying continuity offer that is easy to retail and
offers a solution to what many home business owners need...
information on building businesses and traffic generation.
48. I hope you enjoyed my breakdown of affiliate
offers and what I have personal experience in.
!
Learning how to make extra money isn’t hard.. the
issue is guidance and taking massive action.
!
Click Here For 30 Ways To
Make Money Fast
!
Go get it and help more people… that’s the secret.
The MORE people you help the more you get paid…
it’s an interesting dynamic but you will see what I
mean when you make your first $100k online