You’re reading this because you’re thinking about trying affiliate marketing (or multi-level marketing) for yourself. Congrats! You’re in the right place. We’re going to give you a crash course on how to make money online from a MLM (or multi-level marketing) business. Whether you’re already in the biz or you’re looking to get started, this post is for you. We’re going to cover the basics of how to make money online from a MLM business, including tips on how to find the right product, how to scale your business, and how to make the most out of your existing social media platforms.
1. Find a product that is profitable
Before you can sell a product online, you’ve got to find a product that is profitable. Simply put, if someone is going to pay you (and you’re not getting paid by the product/service itself), then you’re in the right place. If you want to be successful as an online marketer, you need to become a reseller of something.
Your product doesn’t need to be glamorous. In fact, it probably shouldn’t be. Your product needs to have at least a few decent sales pages and a pretty straightforward website. Once you’ve got that, you can move onto the fun part: marketing and selling the product.
When you find a product that is profitable, it’s time to move onto step two.
2. Find the right marketing channel
Now that you’ve got an actual product to sell, it’s time to find the right marketing channel for the product. The answer to this question is pretty straightforward. You want to find a channel where your target market is congregating. For example, if you have a fitness-related product, then you would want to look into starting a blog around fitness or creating a Facebook group for people who love to work out.
When you find a marketing channel that your target market is already using, it’s time to move onto step three.
3. Find a way to scale your business
Your product is profitable, so you’re probably going to want to scale your business to make more money. This entails getting more than one product or service to sell. For example, if you’ve got a fitness blog, you might want to create a separate blog for men’s fashion. Then, you can get paid when someone clicks on the link or buys the product that you’re promoting.
Another way to scale your business is to find a way to offer a free trial or limited-time offer. For example, if you’re promoting some sort of nutritional supplement, you might want to offer a free trial (with no obligations) for a certain amount of time. Or, you could offer a limited-time special for anyone who signs-up for your email list. This is a simple way to get people to try out your product without feeling too much pressure to make a purchase right away.
Once you’ve got an established base of customers, it’s time to move onto step four.
4. Use social media to the fullest
Last but not least, we have social media. You’re probably already aware of how important social media is to any business. Having a presence on social media is the key to securing sales online. If someone is looking for your product or service, they’re going to be able to find you (and hopefully, buy your product).
To make the most out of your social media presence, it’s important to engage with your followers. This can be done through a variety of methods, from simply liking and sharing their content to participating in one of their mini-challenges (such as a #StyleChallenge or a #SkinCareChallenge) to creating and sharing your own content (such as blog posts, videos, etc.).
The key takeaway from this entire section is to find a product that is profitable, build a decent sized audience, and then utilize social media to grow your audience and turn those audience members into paying customers.