One of the most popular earn money software ideas is app creation. An App can be bought from anywhere globally; and instantly downloaded to any smartphone, computer or tablet in the world. Which makes it a global business model. Most app developers use one of several business models to monetise their apps. You can either offer your app for free, with the choice of an upgrade, or charge upfront to download the app.
Many app developers opt to give the app away for free. Most people aren’t prepared to pay for an app, especially when many of them can be accessed for free. The app itself is free, and you only pay to remove adverts or upgrade the accessibility of the app.
Earn Money Software – A Stocks and Shares App
A great app anyone can use to make money from their smartphone is the Moneybox app. Moneybox is an app you can use to buy shares in certain companies and build up a stock and share portfolio. It lets you connect your bank account and “round up” spendings to the nearest whole amount automatically.
This means you’ll be putting small amounts into savings and investments on “autopilot”. It’s great if you know nothing about the markets, but would like to build up some investments or savings.
Affiliate Marketing
If you want to earn money with an online venture, affiliate marketing is your best bet. With affiliate marketing you can sell other people’s products over the internet. Affiliates use a range of software to help them build their businesses.
Software ranges from email marketing autoresponders, to sales funnels and paid marketing platforms. Most affiliate businesses can run completely on autopilot once they are up and running. This means the owner can work from anywhere and scale up to a global audience too. See autopilot online business. A good affiliate business will be built on a good foundation. This means using all the tools which can automate your business, and working specifically on scalable strategies.
An Email Autoresponder
An email autoresponder is a great piece of “earn money software” which is used by business owners everywhere. For an internet based business it is particularly useful because it can automate much of your marketing efforts. An autoresponder lets website owners collect their visitor’s email details and follow up with a number of automated emails. As your database of subscribers grows, you’ll be able to reach larger numbers of people with a single email.
Some online business owners build their email lists into the tens of thousands of subscribers. By sending out a single email, they can sell hundreds, if not thousands of products over the internet globally. With digital products, affiliates can sell items online without being concerned about delivery costs or location of the customer. You can sell products over the internet from anywhere globally. And this makes for a very automated and scalable business.
Earn Money Software – Digital Products
Affiliate marketing is one of the best models for an online business. This is because you can use other people’s products and services. Simply refer people to a pre-existing business, for a share of the profit. Certain digital products are more lucrative than others too. For example, a popular affiliate program is Amazon.
Anyone can join Amazon’s partner program and promote any product from the site. But Amazon’s products are physical not digital and so have more costs associated with them such as manufacture and delivery. Amazon pays affiliate marketers from 3-10% commission on the sales they make.
In comparison, certain digital products pay out 40-50% commissions on a sale. This is because advertising online products is one of the biggest costs for product owners. Digital products carry no delivery or storage costs. Once products are created, there’s no, (or very little), manufacturing costs with digital products. So the savings can be passed on to the affiliates who promote the product.
The best digital products to promote are the ones which offer recurring commissions. These tend to be software products and memberships. High ticket items also offer the best levels of commissions, and allow you to use paid marketing platforms to promote them.
Earn Money Software – Marketing Platforms
Online marketing platforms let business owners send customers directly to their websites. From there, they can collect the visitor’s email address and start a marketing campaign. Paid marketing platforms like Adwords, Facebook and YouTube, for example, are awesome bits of kit if you have a pre-existing business, or product to sell. Some of the most expensive marketing platforms offer the ability to super-target a specific audience by their interests, location, age and a number of other demographics.
When you get this right, you’ve got a great tool to build a business. Usually marketers start off with a small budget and learn as they grow their business. Once you get a positive return on investment from a marketing campaign, simply increasing the budget will bring you more customers. Get this right and it can be like turning on a ‘tap’ where money comes out the other end!
(Access a free video series on this website to learn about building an online business from scratch, even with no previous experience).