A home business is one that operates from home, as the name suggests. Increasingly it is assumed, and it is also usually the case, that a home business operates through the Internet and is therefore based online.
A home business operating online falls into roughly two categories: it either sells a product or it sells a service. Most home businesses sell products, usually digital products. The big advantage of operating in this way is the fact that digital products do not take up any real space, so there is no stock to worry about.
Digital products are also very easy to deliver. They are usually either delivered by email, or made available to the customer for download. The disadvantage of using digital products is the fact that they can easily be pirated. Digital products can easily be copied and passed on to others who have not paid for them. This is illegal, of course, but it occasionally happens.
Selling a service is easy. You decide what you are able to do, article writing, for example, and advertise that fact. Your clients will expect you to do the job required to an acceptable standard and deliver it on time. You will be paid whatever the going rate is considered to be, at least initially. If you are good at what you do, you should be able to increase your charges substantially over time.
If you are selling a service, you need to get the word out. One great place for advertising your service is the Warrior Forum The Warrior Forum allows you to set up a Warrior Special Offer (WSO). You will need to have a reasonable number of posts to the forum behind you first, and it will cost $20. You can also advertise your service free at the Warrior Forum through your signature file.
One of the more popular ways of operating a home business selling a product is through affiliate marketing. If you don't understand affiliate marketing, Affilorama, a free resource, will tell you everything:http://affilorama.com/. The big advantage of being an affiliate marketer is that you don't have to have your own product. You can promote other people's products and earn a commission doing so.
Most of the merchants online now offer an affiliate program. The commission you can earn from promoting the product varies from around 5% of the profits at the lower end of the scale, to 75% or more at the top of the scale.
While a commission of 5% may not seem very much on an inexpensive item, it can be quite substantial on high priced items. Affiliate programs are not confined to digital items, of course. You can sell washing machines, fridges, beds or anything through an affiliate program and earn a commission doing so.
Affiliate networks have sprung up to accommodate the growing market of selling as an affiliate. Some of the better known of these are Commission Junction , ClickBank , Shareasale , TradeDoubler and others.
You can sign up free to one of the affiliate networks, browse through the participating merchants, and choose a product to promote, set up a website promoting the product and start earning money as an affiliate. Most of the merchants provide promotional materials that you can use. However, as everyone else is also using these materials, you will do better if you adopt your own personal methods of promotion.
A home business operating online falls into roughly two categories: it either sells a product or it sells a service. Most home businesses sell products, usually digital products. The big advantage of operating in this way is the fact that digital products do not take up any real space, so there is no stock to worry about.
Digital products are also very easy to deliver. They are usually either delivered by email, or made available to the customer for download. The disadvantage of using digital products is the fact that they can easily be pirated. Digital products can easily be copied and passed on to others who have not paid for them. This is illegal, of course, but it occasionally happens.
Selling a service is easy. You decide what you are able to do, article writing, for example, and advertise that fact. Your clients will expect you to do the job required to an acceptable standard and deliver it on time. You will be paid whatever the going rate is considered to be, at least initially. If you are good at what you do, you should be able to increase your charges substantially over time.
If you are selling a service, you need to get the word out. One great place for advertising your service is the Warrior Forum The Warrior Forum allows you to set up a Warrior Special Offer (WSO). You will need to have a reasonable number of posts to the forum behind you first, and it will cost $20. You can also advertise your service free at the Warrior Forum through your signature file.
One of the more popular ways of operating a home business selling a product is through affiliate marketing. If you don't understand affiliate marketing, Affilorama, a free resource, will tell you everything:http://affilorama.com/. The big advantage of being an affiliate marketer is that you don't have to have your own product. You can promote other people's products and earn a commission doing so.
Most of the merchants online now offer an affiliate program. The commission you can earn from promoting the product varies from around 5% of the profits at the lower end of the scale, to 75% or more at the top of the scale.
While a commission of 5% may not seem very much on an inexpensive item, it can be quite substantial on high priced items. Affiliate programs are not confined to digital items, of course. You can sell washing machines, fridges, beds or anything through an affiliate program and earn a commission doing so.
Affiliate networks have sprung up to accommodate the growing market of selling as an affiliate. Some of the better known of these are Commission Junction , ClickBank , Shareasale , TradeDoubler and others.
You can sign up free to one of the affiliate networks, browse through the participating merchants, and choose a product to promote, set up a website promoting the product and start earning money as an affiliate. Most of the merchants provide promotional materials that you can use. However, as everyone else is also using these materials, you will do better if you adopt your own personal methods of promotion.
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