A lot of people want to know the most efficient way to make money online. They have limited time so they need to use proven methods that will achieve the best results in the quickest possible time. In this post we will look at the most efficient method that you can use to make money on the Internet.
If you have not heard of affiliate marketing before or are not sure of how it works, you promote other people’s products and services. Each time that you make a sale you will earn a commission. Commissions can range from 3% to 100% and we will explain how this works for you.
There are physical products that you can promote such as those sold at Walmart and Amazon online. If you promote physical products, you are likely to get higher conversions (make more sales and commissions). But the commissions are usually very low. They can start as low as 3%. To make money with this you need to promote items that have a high price tag.
Digital products are not so easy to sell but they have much higher commissions in general. A digital product could be an eBook, video training or software for example. Usually, you will be able to earn a minimum of 50% commissions with digital products. A lot of digital products have upsells, which you can earn more commissions with.
The reason that affiliate marketing is an efficient way to make money online is because you do not have to create any products yourself. There is no need for you to purchase any stock of physical items either. You do not have to deal with the end customer at all with affiliate marketing. Product and service vendors take care of all that.
If you like the idea of selling physical products then you can check out the affiliate program offered by Walmart. Walmart is a well-established brand that people will automatically trust. You could try the Amazon Associates program as well.
For digital products there are a lot of options available. One of the best affiliate networks for digital products is Clickbank. They have thousands of products that you can promote in many different categories. It is free to sign up and they will pay you on time when you make commissions.
There are niche affiliate networks available as well. If you like the idea of promoting products in the make money online niche, then two of the best networks are JVZoo and WarriorPlus. You will find a wide range of products on these networks from simple eBooks, video training, cloud-based services, software and more.
The only issue with JVZoo and WarriorPlus is that usually the vendors require you to be approved to promote their products. If you are a newcomer to affiliate marketing, it can be difficult to get approval from vendors. This issue does not exist on Clickbank. For the vast majority of products, you are automatically approved.
Most Efficient Way to Make Money Online – Paid Traffic and Affiliate Marketing
In order to make money online, you need to have something to sell and then get visitor traffic to your offers. The best visitor traffic is targeted – this means that they are interested in what you have to offer.
You can drive traffic to your offers in two ways:
- Use content marketing for free traffic
- Pay for the traffic
You can generate free traffic by posting content on websites where your visitors are likely to hang out. Videos can be a good way to generate targeted traffic from sites like YouTube. Articles about your niche can provide free traffic as well from websites such as Medium. In addition to this, you can answer questions on a site like Quora to drive traffic.
All of these free methods work but they are going to take time. It takes time to create the content in the first place especially videos. Unless your content goes viral, it is unlikely that you will see a lot of traffic from your content initially. It will happen more slowly over time.
Paid traffic on the other hand is fast. You can set up pay per click (PPC) ads with Microsoft to appear on Bing.com and other websites and they will be active in minutes. Google have their own PPC ads which are known as Google AdWords. Both of these will drive targeted traffic to what you are offering.
We recommend that you combine paid traffic with affiliate marketing as the most efficient way to make money online. You will need to create a landing page for your affiliate offers as usually you can directly link to the sales page.
PPC advertising can be expensive so we recommend that you promote digital products which have good commissions. Run a test to see how many clicks it takes to make a sale and then calculate what your ad spend needs to be to make a profit. Microsoft Ads are usually cheaper than Google Ads.
If you have some money to invest then combining affiliate marketing with PPC traffic is probably the most efficient way to make money online. Find out as much as you can about keywords and setting up PPC campaigns properly before you get started.