Choosing Supplemental Income Solutions - Try Affiliate Marketing!
If you're looking for supplemental income solutions, how do you go about choosing what to do? This article lays out the options available to you and makes some sound recommendations on how to go about choosing!
First, you'll either be running a business, or you'll be farming out your talents and abilities to a second employer (the typical employer-employee relationship). If you choose the business approach, the risks are greater, but the reward possibilities are exponentially greater. If you choose another employer, it's relatively safe, and probably not very rewarding. Let's momentarily choose "business."
Second, since we've chosen business, we know it's going to involve sales. So, your next choice will be the item(s) you choose to sell. There are two basic choices here: physical items and non-physical ones. If you choose physical items, you may be involving yourself in a building and some inventory. That would almost certainly mean substantial capital outlay. Additionally, commission structures on physical items are not typically very high.
Non-physical items, on the other hand, would solve the building and inventory problem, and possibly the capital expenditure one. Also, you could expect to have much higher commission rates on these types of products. Examples of non-physical items would be stocks, insurance products, financial products, and educational products. Some of these require extensive education and training, expense, and even licensing. But not all of them do.
Computer generated products do not require any kind of inventory. These products don't have to be something you have personally created. They do not require a building to house them. They would be things like computer software and educational products, like ebooks. Ebooks are not written on paper like traditional books, but are downloadable products for the consumer. You sell ebooks written by other people and these books normally carry a commission rate of 50-75%. You sell a book for $20 and you earn $10-15. This is a form of affiliate marketing. There are other ways to be an affiliate marketer, but this is by far the best.
Your biggest investment in this type of arrangement is your time. Since you are looking for supplemental income solutions, you are probably still working full time. You would devote evenings or weekends to this. In your type of situation, this is an excellent choice because the risk is so low. It is essentially only a time risk.
If you are seriously considering this choice, be very careful to learn it properly and thoroughly, which should take 1-2 months of training in your spare time. Affiliate marketing is something anyone can do, but do not be misled by some promotions which make you think you won't have to put some brain time into it. You will! To do this properly, you'll have a little bit of a learning curve. However, once learned, you will find the concepts very simple and not at all difficult to apply. It's kind of like riding a bicycle. You never forget how.
Here are the rewards you are likely to realize if you choose this in your search for supplemental income solutions. 1) Your time is your own; work as hard or as leisurely as you desire. 2) The work product you create is completely yours and is very self gratifying. 3) The income level you can achieve has no ceiling to it; it is all up to you.
With such low risk and expense factors and such high reward potential, the decision seems easy to make. If this form of supplemental income solutions appeals to you, I can recommend a very good program. It is not one which is difficult to learn. You'll find more information on it at http://www.squidoo.com/get-money-opportunity. It is the best program by far which I have found to teach you everything you'll need to know on how to do this!
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ABOUT THE AUTHOR
Sales professional for over 30 years in retail and corporate, from Fuller Brush to big ticket items. Public speaker for 40+ years. Internet marketer.