Stop Leaving Money on the Table! Promote Higher-Priced Products
Rather than wasting your time promoting products nobody wants to buy, you can make more money by promoting products that are always going to be popular. Preferably, these will be products that have a high price tag so that your commission will be higher.
For example, if you promote an affiliate product that only costs $1 and your commission is 5%, you are only going to make $.05 per sale. That means you have to make thousands of sales in order to make any relatively okay money.
Compare that to promoting a product that sells for $1,000 and has the same 5% commission. In this instance, you make $50 per sale, so you only need to make a few sales to make big bucks.
The Best Types of Products
Money niches are those that have products that are immensely popular. Typically, they provide solutions to problems that can never truly be solved, or are universal problems that everybody will experience at some point in their lives. Examples of money niches are having a better love life, losing weight and getting in shape, self-help and improving self-confidence, and acne cures.
These type of niches are also known as “evergreen niches”. Just like the type of fir tree that never goes into hibernation during the winter, these niches never wane in popularity. There has always been a market for products in these niches and there always will be.
Let’s look at an example. Assume you decide to work in the romance and dating niche. There are all kinds of products you can promote, but assume you choose to promote an eBook on how to meet people online (This happens to be a very popular product type right now, incidentally).
When you promote your eBook, you very likely will find that there are a lot of people searching online for exactly that type of product. Hopefully, you sell lots of copies of your eBook to lots of customers and make a lot of money.
Flash forward to two years from now. You are still promoting the same eBook about how to meet people online. Guess what? There are still going to be a lot of people looking for that type of product online. Why? Because there are always going to be a lot of people who want to learn how to meet other people online (or in person). When one generation of Internet users finds your product, puts it into use and (hopefully) finds the love of their life, they are instantly replaced by another generation of people looking for the exact same type of products.
Hence, the name “evergreen niches” or money niches.
Promoting products in these niches are an easy way to make hue commissions because there will always be people looking for these types of products, especially online.
Best Product Resources
The best products to promote can be found in a couple of different places. The first is Amazon, which you may know as the world’s largest online retailer. But it’s also one of the best places to find products to promote through its Amazon Associates program.
Amazon Associates is free to join and offers practically every type of product imaginable, including physical products like trampolines, electronics, clothes, and groceries. It also has digital products such as eBooks, videos downloads and others.
The other key site is ClickBank. Like Amazon, it’s free to join and there are all sorts of products you can promote. ClickBank has a lot of collateral material you can use to promote each product and information about commissions, conversion rates and other key data.
How To Succeed in Business
The other critical key to success is networking. This is when you interact with other people in the business and build relationships with them. It’s vitally important because there is a lot of information to share.
Unlike traditional business, Internet marketers don’t really compete against each other. There’s no ready not to share what you know and there are also lots of opportunities to team up and enter into joint ventures to help each other make money.
It’s important that you network all the time. Go to trade shows, seminars and other live events. You also should make it a habit to visit chatrooms and forums where marketers meet and share ideas, get to know each other, and generally learn more about the business they are in. They usually are free to use and you can get a lot of information very quickly.
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