One of the best methods to easily make money is to sell products through online. In this method you don’t have to worry about damage to goods due to transportation, shipping and other storage facilities. You can also get a customer base throughout the world. With advancement of information technology, eCommerce which was once just a dream has become a reality. eCommerce is one of the fastest growing industries in the world now.
Table of Contents
Udemy
If you want to sell video course through online, Udemy is the correct place for you. There is a provision to put small videos and make a big video. It is very easy to use and GUI is very simple. It is highly divergent wrt divergent video course content.
There is a provision to upload graphics, documents and videos to enhance teaching experience. All these sort of data files are hosted by Udemy site. Customers coming to Udemy search the course of their like. If they can find a suitable course, they can easily pay the fees through online and can stream or download the entire video into their PC. These options are all set through the Udemy account settings. There is also a chat tool for communicating with the teachers. Teacher can reply to student queries through this interface. The advantage of Udemy over other popular sites is that it is free (compared to sites like Mindbites). You can list down the videos in their site without paying a single dollar. It is entirely free to upload your videos. One thing is that you have to pay a commission of 20% to 30% when someone buys the videos from you. Even then you can make a considerable amount of money if people are interested in your course. There is also an Affiliate program through which you can make considerable money by sharing popular videos.
Apple Stores
You can sell a wide variety of things through online. You can sell it through Mac store, iTunes, different app stores. If you want to sell books, you can use iBookstore. You should have an Apple ID for selling iTunes. Selling magazines through online is another popular business. They are sold through different APPS. Interesting customers can purchase magazine through online and thus become subscribers. Some magazines are for free but usually those apps will show advertisement for revenue. Newstand is the app used by Apple to sell magazines. If you want to sell eBook, you can make use of iBookstore. You have to connect to iBookstore through Apple’s ‘iTunesConnect”. There are two types of accounts- one is paid and other is free. You can easily join free account. For joining paid account, one should have to produce bank and tax details. “ISBN” is not a must for eBooks sold for free. For paid books also it is optional. You can have to upload ePub files for selling through iBookstore. You can also sell multi-touch materials through it. You can easily convert books in other formats into eBook through Callibre software. For creating mutli-touch materials you should have Apple application. You can upload podcast material to iTunes. However iTunes doesn’t allow the selling of podcast via its interface. You should join iOS or Mac Developer program for selling APPS through Apple. And also the APPS should be accredited by Apple. Android developers follow an entirely different policy. They follow an open source policy where all the apps are welcomed and no prior accreditation or approval is required.
MindBites
Another leading site in education video business is Mindbites. Through this site you may upload your tutorials and interested viewers can watch those videos after paying a small fee to you. They can also embed those videos into their websites or blog account if they are interested too. Udemy is different from Mindbites in the sense that you don’t have to pay any money for uploading your videos. For Mindbites you have to pay a fee for uploading your video. There are different types of accounts and the size of the video that a user can upload depends on the type of account. Cost also rise in comparison with the size of the content that you host on Mindbites. You can upload a maximum of 250MB through the free account and commission of 35% should be given to Mindbites when a sale happens. The commission amount is less for larger account. More features are also available for larger accounts.
There is also a provision for users to see a promo video and evaluate the course content before making the actual purchase.
Mindbites also encourages the people to share their links through the affiliate program. A variety of document like pdf, Mword etc can be uploaded through the Mindbites interface. Users can download all these materials together with the video. All these materials are arranged as a set. This gives the users an option to buy the entire course material as a set and learn the materials through different medium like audio, video and eBooks.
Warrior Forum
It is a very large consortium with more than 6 lakh signed users. Any time there will be around 6000 to 10000 members online and chatting in the forum. The sign up process is for free. You are free to post different questions and answers anytime to the forum.
The site provides different activities for the creators of product. They provide training, advanced marketing tools and consultancy for newbie’s on how to find a career and be successful in online platform. The forum has a special section called “WarriorSpecialOffers” where you can find a wide collection of designers and marketers displaying their stuff for sale. Sometimes vendors give their products for free as a marketing strategy. Visiting these sites can sometimes help you save couple of money.
To buy a WSO “thread” will cost you around 40$, as a single time fee, and once you complete the process, anyone who visits the area can see your product and evaluate it. They can buy from you. The disadvantage of WSO’s is that your products are not displayed on the top portion of the page for most of the day. However you can move it to the top of the page for an additional fee.
The site also have affiliate program which enable you to sell other products through blog and other social media sites. If your channel has good traffic and if you are able to sell some products, you will get a good amount as commissions. The site also helps you to filter out suspicious affiliates. You can sell a wide variety of products through WSO.
JV Zoo
It is a real competitor for Clickbank. It has significantly increased its customer base over the past few years.
The main reason for its success is its ability to integrate with Warrior Forum. The affiliate and seller are immediately paid through money transfer sites unlike Citibank. People can promote affiliate products and can gain a good deal of money.
They have many features which makes it compete with Citibank:
• Ability to create sales with dime.
• Big commission through affiliate program.
The site works with paypal and if you don’t have paypal account, you may not be able to use this site. The products price is comparatively very low when we compare to Clickbank. The affiliate program is not very popular as JV Zoo and you may have to put a lot of effort to find your market through affiliate program. Many sellers prefer these sites because they can directly market affiliates link through their emails. And if you sincerely put some effort in this site, you can make a very good profit.
eBay
Usually eBay is a site famous for selling physical products compared to selling digital products. If you want to sell digital products, you have to send the data on a CD because software transfer through online means is not encouraged by eBay. The main disadvantage is to send CD to individuals at very low price. This considerably cost the seller an amount. It is also a cumbersome process. This process is very complicated. So many seller prefer another method called MRR or Master Reseal Rights) that enables eBay to sell the digital products on behalf of the store owners. Some sellers try to sell very cheap digital products so as to increase the traffic to their site. This method is popularly called as Sales Funneling. You need to open an account on eBay so as to sell your products. The account opening process is very easy. If you are an individual seller, you can sell up to 30 products for free and you just have to pay a small commission for each sale to eBay. You can either choose a basic store, Featured store or an Anchor store. All stores give high turn around. Usually eBay prefer Buy now listing than the auction method of sale. Auction selling are charged more in order to deter users from it.
Digiresults
This is basically an affiliate market program. The partner companies are ClicktoSell.com, Paydotcom.com and DigitalDeliveryApp.com. These micro marketplaces have large advantage over sites like Clickbank who don’t have an effective affiliate partner. You have to regularly invite affiliates and joint Venture programs to improve your marketing skills.
The major advantages of websites like Digiresults are meager rate, safe upload and download, more manager of product designers and instantaneous imbursement with Paypal. Another major advantage of Digiresult is that they help you to sell both physical as well as digital products. It is a great advantage to sell both digital and physical items at the same place. You don’t have to run around and do the physical chores to market your products. There is no initial fee. There is more power given to seller regarding affiliates and refunds .In other companies like Clickbank, affiliate payment and refunds often become an issue and they make seller unhappy. The same conundrum exists that the low affiliate membership in sites like Digiresults can hinter to get a good market.
Amazon
Amazon is the best place of online product selling and buying. They have a bookstore of their own called Kindle Store of Amazon.
Amazon Book store is the world largest online book store at present. Around 80% of world online books sales are through Amazon. It is very difficult to get the actual figures as Amazon never publishes the actual sale number happened through it or the profit generated in a year. Amazon online audio book store is called Audible.com. It provides a platform to market your audio at very reasonable prices. You can also sell Kindle books through this site. So if you have both kindle books and audio to sell, you can market it under a single banner. This will be helpful for the buyers to find out the required things under a single banner.
Amazon offers lots of advantage and disadvantages compared to other sites. The major advantage is the popularity of Amazon. You will not get such an inrush elsewhere. You can find all range of products with just typing the keywords. Amazon ranks first in SERP program of Google. Even Amazon has an affiliate program. You can market Amazon’s products and make huge profits.
The Amazon-affiliate plan offers relatively poor and low returns compared to similar programs by other companies. Also the cookies placed on your PC will not be available after 24 hours and so the sales done after 24 hours will not be credited in your account. That a great disadvantage.
Clickbank
The popular site Clickbank was started in 1998. It has more than 100000 affiliates till now. The numbers are still burgeoning. It has lots of problems during the past. But now it is one of the leading companies and all their services and products are very professional. They maintain an ethical platform in all their dealings. When you put a product to sale in Clickbank, the company checks your page and ensure that your product complies with the rules of FTC and their necessary guidelines. They try to block any unethical practices to improve the customer satisfaction. The site has a listing fee of around $50/product and a commission fee of around 8%/sale. In addition there is affiliate commission. You can determine the percentage that goes as affiliate commission. If you pay higher commission, your product will get more promoted. The maximum you can provide as affiliate commission is 75%.
The site is promoted by affiliate as Clickbank has a mechanism to keep the money from sales and not the seller. This creates more confidence that they will definitely get the payment. Clickbank received a couple of criticism about their payment methods in the past. Their first check is through main and the direct debit will take some time after that. However once the payment channels are through, there will be not be any more problems and you will get paid every fortnight if you have a minimum balance of $100.
eJunkie
eJunkie is one of the best sites to sell your products at very cheap price. They charge only a monthly fee of $5/month. The price will rise when you start listing your products. But even for 20 products the rate is still cheap at $8/month. eJunkie has an efficient affiliate program. The program is not like Clickbank where there is a huge army of affiliates. The main reason is that seller is in charge of payment and refund which reduces the confidence on affiliates. So if you are a seller, you have to find your own affiliates to improve the sales. The rates of eJunkie are significantly lower. Another advantage is that the payments after the safe will immediately come to your Paypal account. This means you bank will be credited money each time a sale happens. The same will take months in Clickbank. You also have full control on how and when to pay your affiliates. If you are not sure about an affiliate personally, you can review the commission rates to the affiliate and even decide whether to pay him or not.