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More Sales Without More Products

by Janet Attard

If you’ve read much about marketing, you are probably aware that your first sale to a customer isn’t the most profitable sale. The profit in most businesses come from repeat sales to your existing customers.

That’s because marketing is expensive. It takes time and money to attract new customers and convince them to do business with you.

Once you get the customer, though, your marketing costs are significantly reduced. You don’t have to buy advertising, buy leads, or buy a mailing list. You just send your mailings – often email – to your existing list to let them know about additional products you offer.

But what if you don’t have additional products? How do you make more money from the people who have made a purchase from you?

By referring them, for a commission on sales, to products and services that other businesses produce that are related to what your customer bought from you.

One way to find products to promote is through affiliate marketing services like Commission Junction, Google affiliate network, ShareaSale, and Linkshare are a few of the places where you can find merchants with affiliate programs.)

Another is to look for a like that says “affiliates” on the websites of companies who have products that would sell to your customers.

Be sure you choose products or services to recommend based on their real usefulness to your customers, not on how much money you’ll make by promoting them. If you recommend products or services that are inappropriate or just bad, your reputation and your business will suffer.

Posted by Janet Attard on September 3, 2008 at 8:52 AM | Comments (2)

Comments

Don't forget about dropshippers as a viable product source. By searching on some of the vertical search engines within the wholesale industry you can find many reputable suppliers.

Posted by: Michael on September 5, 2008 at 6:08 PM

I totally agree. Affiliate marketing is one of the easiest ways to make money online.

Posted by: Michelle on April 10, 2009 at 6:12 AM

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