- Affiliate Marketing
- Kindle
- White Label eCommerce
- Dropship eCommerce
- SEM
- Info-Product Creation
- Fiverr
- Adsense
- Selling yourself (services)
So what monetization options are there online? There are probably, I don’t know, seven, eight different things and if you really boil it down, there’s probably even less because you could say that, while I believe e-commerce and dropship e-commerce, just all under the e-commerce umbrella if you like. But affiliate marketing can do white label e-commerce. By that we mean selling your own product on Amazon. Dropship e-commerce, switching to marketing that’s helping local businesses, creating info products, so creating your own product and selling it. Selling things on Fiverr, AdSense and yes AdSense still can work.
Affiliate marketing, now the realistic prediction for a business and this is all my opinion… different people will say different things… but a realistic prediction for an affiliate marketing business that’s 100% related to affiliate marketing is probably around about $50,000 per year when you get to humming along.
Obviously you can do a lot more than that but a conservative number to look at is $20,000 per year. And you’re going to be looking at somewhere in the range of $500 to $1000 per month per website. Now, there’re some things that I love about affiliate marketing and there’re some things that are annoying.
Affiliate Marketing
Realistic Projection. min $12,000/year – $500 – 1,000/site per month
Pros
- 100% hands-off
- No ‘people contact’
- Easy to manage 5+ websites
- Quite sellable
- Low startup costs
Cons
- Hard to use paid traffic
- Depends on someone else product
The first thing is that affiliate marketing is the real true hands off internet marketing business. I mean, this is the way that we always wanted internet marketing to be, hands off, set and forget website. Another thing that I still love about affiliate marketing is that there’s not really any people contact involved. It’s all set up a website, start selling products, make money. And it’s easy to manage 5 or more websites. I mean, it’s literally basically using a template and cranking out good quality websites and you own the website as well.
So as opposed to something like selling physical products on Amazon where you don’t own the website, you actually do own your own affiliate marketing website. So you can control it 100% and the other beauty is that it’s extremely sellable.
The cons are that it’s hard to use paid traffic. So traditional methods of traffic like Google Ads, pay per click advertising. It’s sometimes hard to send this traffic to affiliate websites because of the style of websites. And it depends on someone else’s product.
Kindle
Realistic Projection: $10,000/year – $200/book per month
Pros
- 100% hands-off
- No ‘people contact’
- quite scalable
- Sellable asset
- Low startup costs
- Amazon has traffic
Cons
- Hard to use paid traffic because earnings/sale are so low
- Need to manipulate reviews initially
- Depends on Amazon
So it could be 200 for a good book or it could be 50 for a book that doesn’t sell many. But $200 per month is a good conservative estimate of what you could earn from Kindle. So if you’ve got 5 books out each earning $200 per month, you earn $12,000 per year.
There is no people contact with Kindle. You don’t have to worry about dealing with customers or anything like that because… I mean you just don’t have to do it. It’s the nature of the business. It is fairly scalable because once you get a book up and running, once it’s got good rankings and making sales, you can easily launch more and more books.
Now the downside of Kindle is that you need reviews initially. You need to get reviews so that you can get your book making more money more quickly and getting ranked. And we like to use our friends and family as a review network for us but you can only take that so far. So it is scalable but it does have a bit of a limitation with the reviews. Obviously there’s ways around it. It is a sellable asset and you can build up a brand. So there are options. Selling it can be a bit tricky because you probably have to sell your Amazon account essentially. But it can be done, it is an option.
Very low start up costs. I mean, you can write the Kindle book yourself. So Kindle would have even lower start up cost than affiliate marketing generally speaking.
Amazon has all the traffic already so you’re just tapping in to Amazon’s eco system. You don’t have to worry about Google or anything like that because Amazon has all the traffic.
Now, the cons for Kindle is that it’s hard to use paid traffic and the reason it is hard is because you’re earning such a low amount on each book that you launch. You might earn $2 for each book that you sell. So because of that, it’s quite hard to use paid traffic.
You need to manipulate reviews initially because reviews make or break your momentum at the beginning and your success and failure ultimately depends on Amazon. It’s not 100% in your control and Amazon can change things.
White Label E-Commerce
Realistic Projection: $50,000/year
Pros
- Gigantic growth potential ($1M/ )
- Seen by friends/family as a ‘real business’
- Very scalable
- Sellable asset
- Amazon has traffic
Cons
- Hands-on business
- Costs time & money to get started (inventory)
- Cashflow can be a problem
White label e-commerce. This is an extremely exciting one for a few different reasons and the first is that you’ve got a realistic prediction of $50,000 per year. You can get to that very, very quickly. This is the income that you can build in a 12-month period. Now, we base that on earning about $2000 per product per month and again that’s profit and that’s again quite a conservative estimate.
So the positives for white label e-commerce is that gigantic growth is possible. I mean you can literally be doing $10000 per month in sales and that’s very possible if you want to scale up. It’s seen by friends and family as like a real business
Now white label is also a very sellable asset because you’re making a lot of money and you can be building a big brand from it. So you could literally build up an entire brand and you could sell the whole thing for six figures or more. Because it’s very sellable and it’s very scalable. Amazon again has the traffic in its own eco system. And this is again the pro and cons of Amazon is that because Amazon has the traffic, and because you’re relying on Amazon, Amazon can also close you down any time they want to in theory.It is a little bit of a hands on business. It’s not 100% hands off. I mean you have to be the one that’s dealing with suppliers. Ultimately, if there’s customer complaints, you’re the one that has to deal to them and it’s not 100% hands of like Kindle or affiliate marketing. Amazon again ultimately calls the shots. They can maintain just at any given time. They can all of a sudden say, “Look, you can’t use that picture or you can’t do this or you can’t do that.” And you can be screwed.
So that’s another one of the cons. It costs time and money to get started. Typically, it takes around about three months to get up and running and making money with white label e-commerce. So this is something you got to take into consideration and also inventory could cost at the low end several hundred dollars but at a high end several thousand depending on what product your selling.
Cash flow is something that becomes a problem for most people with white label because when you start scaling your business, you need more and more and more products and it takes a while before the cash you’ve got coming in starts to catch up with the cash you’ve got going out. So cash flow is a bit of a problem for some when you are scaling this business.
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