The E-commerce market is booming and is witnessing an uptick, thanks to the rapid adaptation of technology and growing use of smartphones. However, it is not easy to start an e-commerce business from scratch and earn tons of money from it. Here, we will discuss how you can make money from your e-commerce business.
1. Start a blog
One of the challenging parts of growing your e-commerce business is attracting traffic and driving engagement.
Most businesses rely on paid ads for income, but you can streamline your cost and increase your profit margins by creating a blog and adding keyword-enriched posts.
You can hire a professional SEO company for the same.
2. Affiliate marketing
It is one of the best bets to make money through an e-commerce website. It is a kind of agreement between the affiliate website and the merchant or promoter.
As an affiliate marketer, you have to provide a link to the merchant. If the customer clicks on the link and purchases products, you will be paid a share of the merchant’s profits. Some popular affiliate marketing platforms are ShareASale, Click Bank, etc.
Related – Affiliate Marketing Tutorial for Beginners (Step by Step Guide)
3. Cost per mile advertising
In this strategy, you will be paid as per the page reviews displayed on your site. For example, if your blog has more than 100,000 pages, you can earn $100 monthly.
4. Social media
Once you have built an e-commerce website, spread the word about it using social media.
There are many social media platforms like Facebook, Instagram, and other marketing channels where you can create your business page and run ads for your business.
You can populate your ads with punchy titles and engaging content to drive traffic.
If you wish to market your products on Instagram, you can get associated with influencers who can further help you sell the products and boost your e-commerce website.
5. PPC Advertisement
The world of SEO is never short of possibilities and opportunities. It gives businesses a hundred reasons to include it in their advertising campaign.
PPC is one of them. As an e-commerce website owner, you can create an interesting snippet for the website and ask Google to publish it.
When the customer clicks your link, you will earn money. However, the profitability of these programs depends upon the health of the website, click-through rate, etc.
6. Banner Advertising
Banner advertising is the old yet effective method of earning money from an e-commerce store. You can lend some space to businesses in exchange for money.
The most popular banner ads on the web are 728×90 or 300×250 and 125×125 button ads.
Related – 10 Best Ad Networks for Publishers & Bloggers
7. Create a web store
You can sell your products on e-commerce products through the site.
To get started, you need to create a product catalog where people can search for the products and select the product of their choice.
In addition to it, you can also use other strategies to earn income like being a part of online surveys, joining affiliate programs, online marketplaces, etc.
Related – 10 Best Places to Sell Crafts Online
8. Use the latest software to earn money
Another quick way to earn money is by constantly updating the products that you want to sell on the e-commerce website.
Google loves e-commerce companies that continually update their products and have a friendly user interface.
Software like PIM can help you with that.
9. Take a partnership with the right platform
Take time to research different platforms. Think about your company scope and where you wish to expand in the future.
One popular platform that is ruling the roost is Woo Commerce. It is an open-source platform that works in partnership with WordPress.
Another platform where you publish your website is Magento, a platform with in-built PHP.
10. Automated emails
The more you automate the e-commerce business, the faster your company will grow. Setting up all the systems will take time, but you will be glad to do it.
You can send automated emails to clients with follow-ups. It will improve your business and help you to earn more revenue.
Related – 7 Ways to Get Paid to Read Emails
11. Invest in search marketing
Our final tip to accelerate your e-commerce business revenue is to invest in search engine marketing.
Here are some suggestions to find an SEO or search engine marketing expert
- Ask about the kind of software tools they use and the benefits of using them.
- Ask for the case studies and reports
- Don’t believe what others say! Nobody can guarantee you a high page ranking on Google and Amazon. If someone tells you the same, wade away.
- Don’t hire anyone who uses black hat SEO marketing strategies- the days of keyword stuffing and link bait is over.
- Discuss the metrics and what they track. It will help you to know the business performance.
Conclusion
These are some ways to earn money by starting an e-commerce business.
However, if you think creating an e-commerce website and earning money from it is challenging, you can hire an expert company.
The expert company will handle all your marketing services and help you earn money from them.
For more tips on how to mint money, visit our blog frequently.
