If you are looking for some novel or different ideas about how you can make money online in today’s world, let me toss out a few thoughts! Of course by now you likely already know about Amazon (especially using the “Fulfilled by Amazon” feature where they ship the item to your customer once you stock the warehouse). You probably already know about eBay as well.
Here’s the thing about eBay these days: It ain’t what it used to be folks. When we first started selling on eBay (which was nearly 20 years ago), every single item we listed sold. That is because it was a seller’s market at the time. If someone was looking for a certain item (let’s say a copy of a certain book), there may have only been 2 or 3 of that book for sale. Today, there are likely to be 20 or 30 of that same book for sale.
It used to be a platform primarily for used or rare goods. But they decided to compete with Amazon and slowly – if you go to eBay now you’ll notice this – they seem to be more and more of an “Amazon wannabe” with people drop-shipping or selling new items.
So, if you don’t have the right items to sell on either eBay or Amazon, how else can you make money online? Well, there is always affiliate marketing, which is where you build a website and talk about someone’s product or service, and then you include a link to that product or service that is “coded” to you. If the reader purchases the product or service through that link, you typically get paid a commission by the company.
It’s a great model and can be a lot of fun as well. Probably the best part about affiliate marketing is that you don’t have to physically carry and/or ship the product. But, one of the tough things about this model is that a million other people are trying to do it too, and the competition can be fierce, especially with common items or items in high demand. There are almost always going to be big players with websites that outperform yours. But, don’t give up. There are programs out there that also will teach you how to go about this in a way that can help you gain an edge. So, if affiliate marketing is something that appeals to you, then by all means, start digging your heels in and start learning about it! Remember, though, this is not an overnight deal. It’s going to take time, effort, and a lot of patience. We’ll talk more about this in the future, but for now, go ahead and start researching!