There are multiple ways to make money online without spending a dime of your own money. All it takes it some hard work and creative thinking. Electronic products provide many of these opportunities. Electronic products are those where a customer doesn’t actually receive anything tangible. This can include website subscriptions (such as a subscription to an online magazine), memberships (such as a membership to a stock photography website) or, the most popular category of electronic products – ebooks. In each of these examples, customers make a purchase but the supplier doesn’t actually have to ship them anything; whatever the purchase was, it is intended to be accessed or used online.
There are many benefits to promoting electronic products, but the one that is foremost for many people is that electronic products usually have higher commission rates than physical ones. In fact, it is not unusual to find ebooks that have 70% or even 75% commissions for each ebook sale you help generate! That means you get as much as three-quarters of the sale price back as commission! You will be hard pressed to find any other business model that offers such an incredibly high commission per sale; and such rates don’t apply exclusively to ebooks; other electronic products have similar commission rates that are usually higher than their physical counterparts are.
In conjunction with high commission rates, electronic products have a greater tendency to offer recurring commissions. A recurring commission is one where you, as the publisher, continue to be paid for as long as the customer you referred continues to pay. This is especially evident in subscription-based programs.
Another benefit many electronic products offer is that they are immediately available as soon as the customer has paid for them. On the surface, this may not seem like much of a benefit unless you are the customer. But, if you stop and think about it, this benefit, combined with the single offer per page, creates an excellent opportunity for impulse buying. Consider the following example: You pull out your new RC helicopter, take it outside, and fly it around for a while. After an hour or so you realize that you only know how to do the same set of three tricks and want to learn more. So you go inside and begin browsing the internet looking for something that can teach you more RC helicopter tricks. You find two websites that you really like what they have to offer. One offers an electronic product (ebook) while the other is physical (book). You have equal confidence in both products, and both are priced similarly. Which one will you buy? More than likely you will choose the electronic product simply because you know that you will be able to start practicing tricks immediately as opposed to having to wait several days for the book to arrive in the mail. You will be able to satisfy your desire to learn the tricks now instead of in a week. See how electronic products can affect impulse buying and help you convert more visitors to customers?