Tag: marketing

THE BUYING DECISIONS

Buying and shopping is something, which if preferred my everyone, belonging to all age groups. The buying decisions of men and woman depend on their habit and lifestyle. Habits and lifestyle drive most decisions and it is important for companies to study these habits for understanding the buying decisions of the purchasers. Companies try to focus and study the initial buying decision to gain advantage of them before their decision is overruled by their habit. This ensures that their products and things that they are selling is the beneficiary of the habits of the consumers.

Consumer Buying Process

There is particular buying process through which a customer has to go before purchasing anything. This process is called as Customer Buying Process (also called a buying decision process). This process shows the journey of a customer before buying anything. And it is important to understand this journey to align the products and strategize the entire process of product advertising selling accordingly.

Following things are focused while understanding a buyers mind:

  • Initial Stimulation of a Need : Companies spend millions of dollars each year to motivate the buyers for purchasing their products and for motivating them to buy the products which are healthier, wealthier, attractive and safer. That’s why, coupons, discounts and sales are also provided. These mainly attract the purchasers. Many purchasers tend to change their habits and lifestyles which further change and shift their shopping habits.
  • Influence of Third Parties: Third parties are mainly friends, peers or authority who have influence on the habits and lifestyles of people. This further affect the selection of products. Word of mouth marketing is considered more because it provides honest reviews about different products. It is considered to be more trustworthy than individual advertising. That’s why companies try to seek and attract customer endorsements and enlist celebrities as product spokespeople to help gain the attraction and purchasers.
  • Personal Evaluation : Decisions for buying one product as compared to other similar products is influenced by a number of factors and it includes packaging appeal and the convenience of payment. This process of choosing one product over another helps in making better decisions and better choices.

Hence, consumers should be aware of their habits which are the major deciding factors while purchasing anything. Evaluating and objectively determining every purchase is considered to be impractical and not preferable. Sometimes the outcomes are more critical and there can be significant differences in their price, quantity, quality, durability and utility etc. And for a successful result it is important to make rational purchasing decision.

Shopping always makes us feel good. Even after buying something, the excitement of trying them immediately after getting home excites a lot and in my case, I always have a feeling of achievement after buying a product that I like. We all know that sense of pleasure and joy when be go through different stores and buy something that we want…. It can be a new shade of lipstick, or a hardware or furniture or electronic item or pair shoes or anything else. This is called a retail therapy and it has also been studies scientifically. Scientific studies of retail therapy have shown the effectiveness of buying and shopping something which we need or want.

Digital Marketing

In the present innovatively progressed world, computerized showcasing is the better approach to advance and sell items. Contrasted with customary showcasing, it is practical, effectively oversaw, and easy to dissect and learn. Missions can very quickly be changed to improve and sell more. Be that as it may, because of information mining, it has additionally gotten hazardous and in excess of a device. It is as though the client can turn into the item because of data sold.

Significance of Digital Marketing

As of now referenced, today we live in an innovatively progressed world where the sky is the limit through the web. Advanced promoting capacities and is conceivable simply because of the web and that’s it. It is the center of what advanced advertising is.

In a general public where we battle with shortage and rising costs, computerized advertising is the best approach to turn that around. The web is effectively available by everybody in any piece of the globe. It is as of now not just for a particular class of society. It is simpler to associate with individuals and without meeting them. Computerized promoting is a benefit for organizations in this period.

It is staggeringly advantageous for individuals to purchase anything needed from the web without taking a foot outside of their homes. It saves time and shows an individual the different audits individuals have left. An individual can undoubtedly analyze costs on different sites and pick what is most appropriate to their necessities. It is advantageous to the individuals who are crippled and can assist them with completing their work and carry on with an existence of freedom.

It additionally helps organizations themselves, huge or little. The brokers can promote for less cash, or in any event, free of charge on the off chance that one realizes how to do it well. Items can frequently circulate around the web with no cash being put resources into advertising. It helps private companies significantly and assists them with getting foothold.

The Problem With Digital Marketing

One fundamental issue with computerized advertising is information mining. No standards or laws have been set up to control the purchasing of clients’ information. It is utilized so much that it has been said that the client has become an item.

It is spoken as a fear inspired notion that we are being spied upon. In any case, that isn’t a long way from reality. Previous workers of Google, Twitter, Instagram, Facebook, and so on, have discussed how much information is put away by sites of clients that utilization web-based media locales. This data is offered to advertisers so they can target explicit crowds with their items. These destinations are intended to keep the individual returning and drawing in with the locales. Practically like a compulsion. Evidence of this is how much the paces of web based shopping expanded during the lockdown. This implies that online media is perilous and has gotten in excess of a device.

End of Digital Marketing Article

Computerized promoting significantly helps all organizations, of all shapes and sizes, take off. It is essential nowadays and even assists with the business issue. This type of advertising is the way one can exploit innovation and further their business. However, it is additionally urgent for clients to be cautious about what data is put out on the web to remain safe. There should be an equilibrium of both, and organizations ought to be burdened on the measure of information they have.

The Rise of Digital Marketing in the Modern Era

Digital marketing, as the term implies, involves using digital media to promote products and services. The COVID-19 pandemic has significantly accelerated the growth of digital marketing, as people turned to online platforms for their needs. Today, digital marketing spans a vast range of products, from everyday items like pens to large purchases like cars. Numerous shopping websites offer products at competitive prices, delivering them right to customers’ doorsteps.

Digital Marketing in Education

Digital marketing isn’t limited to shopping; it’s also revolutionizing education. With the shift to online learning, students attend classes and access educational materials digitally. Numerous platforms have emerged to meet this demand, although the challenge remains to ensure the right information reaches the right audience. This is where digital marketing shines.

The Power of Data in Digital Marketing

Through data mining, marketers can effectively target the right audience with relevant advertisements. This precision in targeting not only boosts sales but also enhances the overall efficiency of marketing campaigns. Various tools help analyze and optimize marketing strategies, making it easier for sellers to connect with potential customers.

Embracing the Digital Future

As we move towards an increasingly online world, it’s essential to develop digital skills and knowledge. The internet has transformed our lives, enabling us to shop, book tickets, pay bills, and perform numerous other tasks with just a phone or laptop. With around 80% of shoppers conducting online research before making a purchase, digital marketing has become crucial for businesses.

Understanding Digital Marketing

Digital marketing involves promoting goods and services through digital channels. This includes the internet, computers, mobile phones, websites, and various applications. Although attempts to establish digital marketing began in the 1980s, it truly gained momentum in the late 1990s.

Digital marketing allows businesses to reach new customers quickly and efficiently. It provides insights into customer behaviors and trends, helping marketers tailor their strategies accordingly. In essence, digital marketing leverages digital technology to connect with customers.

The Future of Digital Marketing

Change is inevitable, and the internet age has brought significant transformations. The widespread use of the internet makes it easier to connect businesses with their customers. The demand for digital marketing is growing, as it enables merchants to directly reach consumers. Platforms like Google, Facebook, and YouTube have become vital tools for showcasing products.

Digital marketing has made shopping convenient for consumers and streamlined advertising for businesses. The shift from traditional advertising methods to digital platforms has fostered trust and convenience, benefiting both traders and consumers. The adage “What you see is what sells” aptly describes the impact of digital marketing.

Conclusion

Digital marketing is an ever-evolving field that plays a crucial role in today’s interconnected world. As everything moves online, embracing digital marketing strategies is essential for businesses to thrive. By harnessing the power of data and digital tools, companies can effectively reach and engage their target audiences, driving growth and innovation in the digital age. Be part of the change and make a difference in this dynamic landscape.

Fast-moving consumer goods (FMCG).

\KEY TAKEAWAYS

  • Fast-moving consumers goods are non-durable products that sell quickly at relatively low cost.
  • FMCGs have low-profit margins.
  • Examples of FMCGs are Milk, gum, fruit and vegetables, toilet paper, soda, beer, and over-the-counter drugs like paracetamol and digene.

What are Fast-moving consumer goods (FMCG)?

The products that are always in demand, easy to buy, and sold quickly are called Fast-moving consumer goods (FMCG). FMCG products principally have meager profit margins, but they do wonders in the business sectors due to their higher demand. FMCGs generally spend less time on the shelves of the stores mainly due to two reasons firstly, higher in requests and secondly quick putrefaction. All the items in your nearby supermarket fall in the FMCGs sector.

Some common Fast-moving consumer goods are:

Fruits and vegetables, eggs, fish and meat, soft drinks, Dairy products, toiletries, bread, other baked items, grooming products, and some of the medications are some of the Fast-moving consumer goods.

Most of the time, FMCGs are sold in massive proportions at low prices. If the prices are set higher, FMCGs like fruits and vegetables, fish, meats, or dairy products can remain unsold as they forfeit their freshness shortly.

HOW DOES FMCG RUN?

FMCG category has a powerful present and future as this sector provides relief to people’s daily necessities effortlessly at affordable prices. For illustration, the office employees who have to rush in the morning prefer ready to make food or packed food to avoid delay reaching their offices. Likewise, the industry makes itself capable of providing medicines, personal grooming commodities, and many other daily requirements effortlessly. FMCGs require a dominant distribution system as this industry promises not to let the shelves of the marts be vacated. 

Practically, the distribution system consists of two parts. The marketing happens between the manufacturers and consumers and where manufacturers trade the products through some third party.

CLASSIFICATIONS OF FMCG.

1.Durable products.

Durable products last on the shelves for a long time, i.e., for at least 3-4 years. Some of these products are home appliances, electronics items, furniture, tools, and stationery.

2. Non-durable products.

Non-durable products last on the shelves for a short duration, i.e., less than a year from their manufacturing date. Some of these products are food, beverages, cosmetics, and drugs.

STRUGGLES FOR FMCG COMPANIES.

FMCG products have low-profit margins and limited shelf existence. So to maintain fluency in the market, FMCG companies have to sell a large number of products with intelligent marketing and keeping high-quality products at a lower cost to gain permanent consumers.

Other struggles for FMCG are:

  • Delaying the expiration of perishable products (meats and dairy products). 
  • Keeping a pocket-friendly price because consumers are becoming price-sensitive due to the increase of E-Commerce.
  • Producing products and packaging that are favorable to the environment.

TOP 5 FMCG COMPANIES IN INDIA.

1. Hindustan Unilever Limited.

According to a survey, HUL products are found in almost every household. Assimilated on 17th October 1993, HUL is India’s largest FMCG company because of its substantial brand value and quality. Top brands like Clinic plus, Glow and lovely, Surf Excel, Rin, Pond’s, and Vaseline are produced by Hindustan Unilever Limited.

Corporate Office: Mumbai, Maharashtra.

Employees: 17,000+

Turnover: 4.2 Billion dollars.

2. Colgate-Palmolive.

Colgate-Palmolive is solely based on health care products. Top brands like Colgate toothpaste, Halo shampoo, Palmolive Natural Soap, Colgate Plax active Salt Mouthwash, and many more are produced by Colgate-Palmolive. 

Corporate Office: New York, USA.

Employees: 38000+

Turnover: 17.5 Billion dollars.

3. ITC Limited.

It is one of the broadest FMCG companies in India. Popular products like Savlon, Yippee noodles, Classmate, Bingo, Sunfeast, Fiama, Ashirvaad lie under ITC Limited. Varying from Hotels, Agri businesses, Packaged foods, and confectionery to Safety Matches and Tabacco products, ITC has a varied brand portfolio.

Corporate Office: Kolkata, West Bengal.

Employees: 29000+

Turnover: 7.2 Billion Dollars.

4. Nestle India Limited.

Nestle is India’s most famous FMCG company, producing Milk and nutrition, prepared food, chocolates, Infant cereals, Pasta, and Noodles. Nestle India Ltd. has top brands like Maggi, Milkybar, Kit Kat and Nescafe.

Corporate Office: Vevey, Switzerland.

Employees: 330000+

Turnover: 87.2 Billion Dollars.

5. Parle Agro India Limited.

Solely based in India since 1985, Parle agro India Ltd. is India’s vastest beverage company. Top brands like Frooti, Appy Fizz, Appy Bailey, and Bailey soda are produced by Parle Agro India Ltd.

Corporate Office: Mumbai, Maharashtra.

Employees: 2700+

Turnover: 1 Billion Dollars.

HOW CAN SOMEONE JOIN THE FMCG SECTOR?

FMCG has good career opportunities. Some of the jobs one can pursue in FMCG companies are-

A. Product control executive.

B. Sales executive.

C. Procurement Assistant.

WHAT ARE THE MAJOR SKILLS FOR A CAREER IN FMCG SALES?

People willing to work in this sector should be good travelers. Why? Meeting existing customers and making new customers is the primary goal required. They will need to know about the product’s data in detail to convince their clients with ease. To be recognized in this sector, one has to be optimistic, generous, and have excellent communication and presentation skills.

However, one should be aware of fake job calls that claim to be from India’s top companies. 

FMCGs AND E-COMMERCE.

Nowadays, people are rapidly shifting from offline stores to online stores because of the price-sensitive offers and door-to-door delivery. Even offline stores give incredible suggestions to bring the consumers to their stores to compete with the online stores. 

FMCG PRODUCTS.

  • Toiletries.
  • Food products.
  • Self-care products.
  • Herbal products.
  • Dairy products.
  • Home Appliances.
  • Electrical products.
  • Stationery.
  • Ayurvedic Products.

FMCGs can be divided into various categories, including-

  • Processed foods: Cheese products, cereals, and boxed pasta
  • Prepared meals : Ready-to-eat meals.
  • Beverages : Bottled water, energy drinks, and juices
  • Baked goods: Cookies, croissants, and bagels
  • Fresh, frozen foods, and dry goods: Fruits, vegetables, frozen peas and carrots, and raisins and nuts
  • Medicines: Aspirin, pain relievers, and other medication that are bought without doctor’s consultants.
  • Cleaning products : Baking soda, oven cleaner, and window and glass cleaner
  • Cosmetics and toiletries: Haircare products, concealers, toothpaste, and soap
  • Office supplies : Pens, pencils, staplers, and other products.

Thanks for reading.

www.instagram.com/thetorturedstories

Is Digital a future ?

As a student of marketing we all believe that we are goanna be placed well and we are opportunistic but is that real ? . if u ask me its a big no things will not be standard untill we graduate. we all are being lied that we are gonna be placed in a good company but the truth is.

How do we prepare ourselves for the better future ?

Its simple for us to say work hard but that will be so funny when you cant find rightful resources when this internet is full of ads and paid E – Commerce sites to take our attention away.now let me say how you can prepare yourself best way to learn something is to learn yourself . set a proper goal and try to learn each and everything related to those thing not only learning will help us we have to implement practically.

How to learn digital marketing ?

Digital marketing is nothing new without knowing we are already in digital marketing for example YouTube , Twitter , Instagram , Facebook and so on are the important platform of digital marketing . So , try to create your own website lets a gaming channel or whatever you like and try to find a way to attract people with your contents and make sure you do learn something from it . Don’t make a large investment before you get something in return and try to monetize yourself.

Digital marketing a future

In 90’s people bought products based on what they say on advertisement but now people dont have time watch tv’s and most of them have changed to smart TV so marketing needed a change then came the digital marketing i wont say that advertisement will be total failure that’s for a different conversation . Now its about DM a survey says that Internet users across India spend nearly six and half hours online daily in the third quarter of 2020. by another 5 years it will be doubled so DM is the only way to make people see our product . so people who are planning to take marketing as a career should concentrate on his/her skills on digital marketing ( e- mail , YouTube , twitter , Facebook marketing )

Different types of Digital Marketing media

Digital marketing refers to advertising delivered through digital channels such as search engines, websites, social media, email, and mobile apps. Using these online media channels, digital marketing is the method by which companies endorse goods, services, and brands.

Nowadays, Digital Marketing is the most commonly used way of advertising and promoting goods and services and for good reason. Social Media has completely changed the A-Zs of Advertising. Digital Marketing offers it all- from insights into the customer’s engagement with the post, decrease in costs compared to traditional ways of marketing (tv, radio ads, billboards) and the ‘trend’ and ‘viral’ factor which, once taken advantage of, can help boost the sales of the company by a huge margin. Targeted emails and personalised ads to the target audience according to their taste and preferences compared to one ad designed for the general public (published in newspapers or played on tv/radio) is much more efficient and effective.

Moreover, as social media platforms gain more popularity and attracts more and more people, it guarantees more reach and views for the digital content/media, making it more efficient than traditional means.

There are three major types of digital media channels which are Owned, Paid and Earned media.

Owned media channel is controlled by the brand itself. For example, Instagram account of Netflix India. All the media shared on this channel is owned and developed by the company itself which is why it is not trusted and considered credible. There are no guarantees that it will attract consumers because communication from the company about its own products is not trustworthy.

However, some of its benefits include- It gives control over the content consumed and shared with the target audience. It is cost efficient because the company does not have to pay a third party to do the same. It is a long-term plan since its not based on time duration-based contract with any third party and it is not feedback or word of mouth that dies down with time.

Paid media channel is controlled by a third party who is paid to share content for the company. For example, Ads on Instagram, paid searches on google etc. This channel is in demand as social media platforms become business friendly day by day and this also gives control as the company approves and knows what is being shared and consumed by its target audience.

Some of its challenges are- This channel has a declining response rate as consumers are becoming more aware of such tactics and do not trust paid sources. Moreover, it has poor credibility because the third party is being paid to publish catchy and engaging content and it does not say anything about the quality of the product or service.

Earned media channel is the channel controlled by the customers. For example, Word of mouth, recommendations to friends and family, Trends and buzz etc. All media and feedback shared by customers publicly which can be positive or negative. The main benefit is that this channel is the most credible because these are the genuine feedbacks from customers who have used the product or service. If positive, it can also boost sales and increase market share by attracting new customers due to word of mouth. However, it does not give the company any control as it can be negative and damaging to the company’s reputation in that case.

LIFE CYCLE OF INNOVATION

INNOVATION

Innovation is the action or process involved in improving an existing product/service. It involves new techniques and ideas to create better products that add up value to the customers. Innovation enhances the brand value and is the key to the successful running of the organizations.

Example: Power banks – They are innovative reusable devices that replace conventional chargers in the absence of electricity. Power banks store the battery and give power through USB ports to the devices in need of charging.

LIFE CYCLE OF INNOVATION

The phases of innovation in an innovation life cycle can be the following

  • Ideation – Ideation starts with the necessity of a solution for a problem or to satisfy the customer’s requirements. The problem statement is identified first and the feasible idea to solve it, is generated. Curiosity, Creativity, Involvement gives impetus for a new idea to spark. This may either increment an old one or open a new market. Innovation potentials are generally identified through
    • Targeted search – This involves finding potentials through creativity workshops, idea contests, or LEAD user workshops.
    • Random findings – This involves discovering the new idea randomly while coming across some new products, suggestions, and customer feedback.
  • Research – This is one of the important steps as it involves identifying risks. After the idea is generated, research should be done to conceptualize and bring an idea into a form. Proof of Concept (POC) must be provided and it should prove that neither a similar product is available in the market nor POC is available and patented. This phase should ensure that the idea is possible by analyzing
    • Customer’s requirements – Customer’s unheard problems and needs.
    • Market potential – Market size and attractiveness for the generated idea.
    • Growth potential – Expected opportunities, growth, and scalability.
    • Risks and feasibility – Potential risks, technical barriers and laws, standards, and patterns.
  • Offering – This phase involves offering the product as a complete one to the market. Before it is offered, the availability of resources and scope of the product in the market must be analysed. The feedback from the potential customers must be obtained and incorporated. Use these customers as an anchor to obtain new customers. 
  • Commercialization – This involves launching the product as a commercial one to gain profit from it. The following points should be considered for commercialization
    • Sales plan and marketing strategy – How the product is delivered to the customers and attracting, convincing, and making the customers realize the need for the product.
    • Contracts and license management – Regarding the terms and conditions for using the product
    • Product management and engineering – Involves packaging, delivery, and installation. Striving continuously for future enhancements and updating the versions on a timely basis.
    • Customer support – Customer helpdesks, feedback management, etc.
  • Growth – This phase is to ensure leading the market. Continuous study on the competitors, new arrivals, and customer needs could help retain the market position. The product should be able to sustain the competitive market. Customer acceptance and support should be increased through the performance of the product. Eventually, revenue generation increases. The availability of the product must be expanded.
  • Retirement – A product goes through this phase when there is a replacement of the product by an advanced one. The product tends to lose the market position thereby failing to generate expected revenue. This may happen due to a decrease in demand, the substitution of technology or the product may no longer provide a relevant solution to the customers.

These phases of innovation are considered indispensable in the product’s lifecycle. So, it becomes mandatory to take care of every detail in the life cycle to achieve success and sustain in the market.

The rise of short- form content and marketing- is it good or bad?

The rise of short-form content and marketing- is it good or bad?

A catchy Instagram reel, a provocative twitter post, an infectious slam poetry or just a hilarious meme, you know what all these have in common? Yes, you guessed it right, they are all short form content. The rise in short form content in the past few years has been monument. Even players who have traditionally been making traditional long form content are entering this space, a prime example would be YouTube with YouTube Shorts. Love it or hate it, short form content is here and it is here to stay.

Short form content does all those things long form content does and does it much better and much quicker. Imagine integrating a brand promotion in a 40 minute YouTube video and integrating the  same in a 40 second Instagram reel, the latter has much better reach, retention value as well as easier to integrate. You do not require writing a 4000 word blog promoting a product/service, the same can be achieved with the help of 4 posts on Instagram. Short form Content has revolutionized the way we produce and consume content. Everyone is now a Prosumer, everybody produces as well as consumes content at the same time.

In this age of information overload short form content is the only thing that can cut through the clutter. And if done in an intuitive manner, then even better. With the help of artificial intelligence along with the numerous algorithms marketers now can specifically target their Target Group and achieve conversions. We often see ourselves engrossed in social media, scrolling and scrolling and that is the power of short form content. Even a consumer can now become a producer and that is what makes short form content so alluring.

Often short form content is accused of being cringe and massy. And perhaps to some extent it is but one man’s cringe is another man’s classic. Be it a trending Instagram reel or a quote trending on Twitter short form content has revolutionized the social media space. Remember the ALS ice bucket challenge, the movement,# the black lives matter movement, needs oxygen or even Palestine, all social issues of immense magnitude and all were able to have immense reach because of short form content. Short form content reaches people who are absolutely reluctant to go through content which is in any way cumbersome.

Even during this COVID-19 pandemic short form content has been used to spread awareness, locate resources and help the needy. Even marketers who have been sceptical of the same have acknowledged it. Short form content has influenced us and we have influenced it. So what does that mean, Will long form content cease to exist? Both long form content and short form content will continue to exist although one maybe more popular than the other at a particular given time.

Written by- Daniel Ayush Mehra

7 Online Business Anyone Can Start (No Scam No Investment)

Earning money has always been associated with and restricted to traditional ‘offline’ route. With the Internet taking over a large part of our lives, more people are looking to ways to earn money online to increase their financial inflows.

Photo by Andrea Piacquadio on Pexels.com

However, you should be careful of the platform that you opt for. While there are numerous ways to earn money online, some of these might be fake, thus taking you for a ride. Also, do not expect to earn a huge amount quickly when using online avenues.

1- TEESPRING

Teespring is a free platform that lets you create and sell over 50 kinds of products with no upfront cost or risk. We handle everything, from printing to shipping to customer service. Teespring is for everyone—from entrepreneurs looking to start their own online business, to Creators wanting to offer awesome merch to their fans, to charities looking for a hassle-free way to raise funds, and everyone in between.

Use Teespring tools like stores, promotion codes, buyer messaging, and more to maximize your sales! We can even list your products within the most powerful global marketplaces like Amazon, eBay, and more through Teespring’s Boosted Network.

How do I make money using Teespring?

You choose the selling price and profit for all of your products. When a product sells you get to keep the profit. For example, the base cost of a t-shirt is $10 and your selling price is $24; when you sell a shirt you will earn $14. Once the orders are processed your profit will be available for withdrawal in the Payouts section of your Teespring account. Don’t forget the more you sell the more profit you can earn per product per month.

2- Merch by Amazon

Basically, if you have 100 t-shirts in your account, you could expect to make about … This is a conservative estimate, about $150 a month. If you have 1,000 t-shirts in your account, you can expect to make maybe $1,500 a month. If you have 8,000 t-shirts in your account, you could expect to make about $12,000 a month.

Merch by Amazon is a very cool startup type program by Amazon. It is a pod program where you can sell tshirts, sweatshirts and hoodies in USA. Anyone can participate as long as you have payoneer. For Indians, there is a 15% tax on earnings. (No wonder taxation is theft as we have to pay tax on those earnings in India as well. But then IRS are a bunch of thieves)

3- REDBUBBLE

The designers earn royalties from the sale of their creations. They receive a percentage of the profit and the rest of the funds account for the fee paid to Redbubble and the manufacture of the merchandise. The site then handles the inventory and shipping transactions on your behalf.

The designers earn royalties from the sale of their creations. They receive a percentage of the profit and the rest of the funds account for the fee paid to Redbubble and the manufacture of the merchandise. The site then handles the inventory and shipping transactions on your behalf

4- UDEMY

One of the best features of selling classes on Udemy is the fact that it can become an excellent source of passive income. Once you create and post a course, it can earn you money for a long time without additional work. It just might take more work to market your course to potential students.

For example if a student purchases your course using an Instructor Coupon code, either from promotions to your own audience (e.g., your email list or YouTube subscribers) you can make 97% revenue share. Alternatively if the course is sold via an Affiliate, the split is 50% affiliate, 25% Instructor and 25% Udemy.

5- AFFILIATED MARKETING

Affiliate marketing is one of the oldest marketing practice which gains affiliates a commission in the case of sale based on the affiliate’s recommendation. It is one of the cheapest and easiest ways of marketing as you don’t need to create and sell a product. Just one thing you need to do is to enable a linked connection between buyer and seller and take your commission when the sale is made.

As you see, affiliate marketing is a passive income source. It is highly competitive it is true but still it may be so easy to make money online with affiliate marketing. To be successful, you need to learn what works and what doesn’t while promoting your products.

There are many affiliate marketing works. So, you need to be patient. You can feed your website with qualified content to get high ranking positions and raise awareness, attend affiliate marketing events, seminars or webinars and join a discussion forum or online communities to meet new people. All make a great contribution to develop you. Naturally after these contributions you will be more passionate to make money from affiliate programs. If you are patient enough you will make money with affiliate programs. 

6- YOUTUBE AFFILIATED MARKETING

You can make money on YouTube by doing affiliate marketing, which is including links to products you review and use in your videos that will track a purchase. If someone makes a purchase using your affiliate link, you receive a small commission for the sale.

Another thing about affiliate marketing is the payout percentages as well as how these people track your viewers who are clicking on these links. Every time someone clicks on one of your special tracking affiliate links, a little cookie is put onto that person’s computer to track what they purchase. The best part about the cookies is that if you link to a specific product, they don’t have to purchase that product. Anything they purchase on that website, you get commissions for. So they could click over with your affiliate link and that cookie and decide not to purchase that, but purchase a whole bunch of other things, and you get paid commission off it.

7- EBATES REFERRALS

You can still make money without a blog! In fact, you can make some major coin with the Rakuten Referral Program simply by inviting friends and family, using your social media networks to the fullest – including Pinterest – and even promoting in neighborhood groups and forums.

Have friends and family share your link. If you are saving for something special, and they feel like they can be a part of it, they will likely glady share the opportunity with their followers.

Of course, using the strategies above won’t hurt either. Pay special attention to numbers 3 through 5 and remember – have fun with it, but own it!