You can make more money from E-commerce sites just like any other businesses. You can sell a product at a price that’s higher than the cost and overhead combined. The business model is pretty much the same with traditional retail stores. The biggest difference is that 90% of an e-commerce business operations are running online. There are many people who are making a lot of money with their online stores and pursuing a great life. If you are also looking to earn extra money and fill your wallets by using the power of the internet, then this content piece is for you. We are the top most ranking eCommerce development company in Mumbai.
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Different strategies that help you make money from eCommerce websites:
There are different marketing methods that you can utilize to make money with your eCommerce website. You just need to decide which one will be more suitable for you.
1.Sell Your Own Products
This is what, most of the people doing this days. Even if you don’t have a store of any product you can be a seller. It has helped people in many ways. The one who cannot afford a place to sell products he can very easily sell his products online without any additional expenditure of place and rent. You can also sell your own items on your web store to your target audience. You need to make a product catalog on your eStore which people can browse and select the product of their choice for purchase.
2.Affiliate Marketing
This method is widely used on internet helping both the parties to earn profit. You, as an affiliate can use your website to put up the ads for the products and services of the merchant. As the customer clicks on the product and buys it, you are paid a share of the profit that is earned by the merchant. This is one of the most common and cost effective methods to make money from eCommerce websites. In simple terms it is a type of agreement between one or more affiliates and the merchant or the advertiser. Some of the popular affiliate marketing programs are Google Adsense, Click bank, and so on.
3.Cost Per Thousand (CPT)
This method first requires a lot of efforts from your side as this this method mostly deals with blogging. In this process, you get paid as per the number of page views that are generated by the ads displayed on your site. More the pages more you get paid. For instance, blogs which generate 100,000 pages can help you earn around $100 monthly. The purpose of the CPM metric is to compare costs of advertising campaigns within and across different media. At innovins we have the best eCommerce developer in Mumbai.
4.PPC Advertising
Pay-per-click, also known as cost per click, is an internet advertising model used to bring direct traffic to websites. Google AdSense is the most popular option under this category, but there are also others. Basically, you need to sign up with the network and paste some code snippets on your website. The network will then serve contextual ads (either text or images) relevant to your website, and you will earn a certain amount of money for every click. The profitability of these PPC programs depend on the website traffic, click-through rate (CTR), and cost per click (CPC). PPC helps to establish your company or website in the market, bringing in the targeted traffic and countless views and audience on your site.It creates Brand Awareness and Brand Visibility in the market.
5.Direct Banner Advertising
This is the most easiest way to earn money online. If you have a website you can not just make people aware of your product but at the same time you can earn some money too. You can sell the space of your website to some advertiser in the return of money. In most cases, the popular banner formats of ads that are put on the web are the 728×90 leader board ads, the 300×250 rectangle ads and the 125×125 button ads.
In addition to these, you can also implement some other strategies publishing paid surveys and polls, joining online marketplaces’ affiliation programs, pop-up and pop-under ads, audio ads, monetization widgets, etc.
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