Your website should be treated as a virtual extension of your store and, just as with brick-and-mortar businesses, you should focus on customer acquisition and retention to keep steady business flowing. Are you losing potential revenue? Learn how you can start selling smarter with The Agency .
Although there are probably hundreds of ways to make money while you sleep, here are five key strategies that will get you on the path to success.
1. Create Engaging Webinars and Online Courses
You are an expert in your field. It is time that you start capitalizing on it. Webinars and online courses are a great way to make money passively. Of course, we are not talking about live ones, but automated content. Recorded webinars and courses are available to purchase and enjoy 24 hours a day 365 days a year. If you want to create one, however, you have to offer something of value to the viewer.
Using webinars and courses to sell high-ticket digital products is a great idea. They are also useful for selling services like coaching, consulting, yoga instruction, or cooking classes. To automate your income it’s best to sell digital products that are available at the click of a button from your eCommerce website, such as a well-designed PDF guide or booklet.
How much can you sell a webinar or online course? The choice is yours. Your product will sell easier at a higher price point if people already know you or have been warmed up to you.
2. Publish an Ebook
The knowledge you possess is valuable. Choose a niche market and write an awesome ebook! 60 to 80 pages of great content is the sweet spot. This could easily be sold over a platform like Amazon’s Kindle, but you’ll make more money if you sell it yourself via your own organic channels such as a blog or through social media. Ultimately, you will earn more money, in the long run, this way.
3. Opt for Drop-shipping
eCommerce is booming without a doubt. It isn’t just Amazon that is taking the entire pie. All over the place, people are snapping up these insane offers. What’s the best part? Many of these items are being drop-shipped. As the shop owner, you never actually touch the products. Your order is warehoused, branded and labeled, then shipped in your name. As a result, you incur no overhead.
When the order comes through, you simply pay the fee and it is shipped out to your customer. This gives your business the advantage of selling a diverse range of products without having to pay for large quantities or store them at your business. Just simply add the product to your website and you are good to go!
4. Start a Blog
This is probably one of the best ways to make money on autopilot. Although writing a popular blog is hard work, it offers long-lasting benefits, along with passive income potential. There are many ways to make money with a great blog, most of them passive. Through them, almost anything in your niche could be sold on autopilot!
Grow the blog over time by consistently creating valuable content that really helps your audience with a problem or fills a need.
With these great tips, you will start making sales in no time. If you’re ready to get started building your business’s sales, The Agency is here to help! Reach out to us today to talk to one of our experts.