Make Money with Virtual Reality – It is the Hottest Tech Trend
There are a lot of resourceful and interesting ways to make money in our modern world, especially with the newest technology gadget. At the time of writing, it is believed that the hottest tech trend is virtual reality. It is the right time to make money with Virtual Reality (VR).
Virtual reality appeared a long time ago but the production and usage are expensive and limited. With the advancement of smartphones and connectivity between people around the globe, virtual reality is growing into a multi-billion dollar industry with a commercial tie in’s and plenty of competitors.
Google Trend graph below shows a significant spike in the internet users’ interest in virtual reality. It is no doubt, more and more people look for some virtual reality devices and gadgets on the internet either for gaming or communication.
There are actually a few ways that you can turn this to your advantage and make money with virtual reality .
How to Make Money with Virtual Reality?
You may have heard about this many times, selling stuff online is something that many people make money doing. The internet is a truly remarkable marketplace as there are more than three billion internet users in the globe.
The internet world is filled with enormous amount of potential buyers along with sellers which you are looking to join the ranks of. So I’ll be showing you in this article how to make money with virtual reality online.
These same concepts can be applied to any product or service you are looking to sell online. In this article, I’ll be showing you the benefits of selling items online, helping you find your direction and helping you get started doing so in a few easy steps.
So let me point you in the right direction to access this. Now you are either of two situations currently, you either have virtual reality devices that you want to sell or you don’t. In either case, you are in a good position. If you don’t have your own products you can have an inventory very soon.
Did you know that you can get paid to sell other people’s stuff such as FreeFly and Homido? Yes, you can actually do this for a living, it’s known as affiliate marketing. This simply involves you signing up for an affiliate program that a company offers so you can get started.
You easily be getting paid for pointing people in the direction of any of the products on their website when a purchase is made. So needless to say you don’t need your own products to be selling online when companies want you to sell for them.
So no matter what direction you take to get your inventory, the first step in getting started is the same.
Why Affiliate Marketing?
1. Startup Costs & Overhead Are Minimal
Seriously, the cost of setting up an online business is incredibly low. What you need is just a laptop and an internet connection. If you are able to blog, it will be a plus.
You do not need to create your own product in order to sell them on the internet. You can create your own site and review virtual reality (VR) products and promote them.
Even selling the products can be free by using marketplaces, free websites, and e-commerce sites.
The cost of setting up your own e-commerce site can also be really cheap: some basic hosting and a domain, WordPress and Wealthy Affiliate and you’re good to go!
Of course, you will likely run into some costs as the business grows, but it’s easy to get started for under $10 a month – try that with a brick and mortar shop!
2. The Risks Are Extremely Low
Alongside a limited if any investment cost, the risks associated with VR products are quite low. At worst you would need to refund some people and cover the cost of your website.
There’s no actual inventory to be concerned about or shipping costs to incur. In fact, the only major issue you need to worry about is taxes. Most affiliate programs such as FreeFly and Homido, will handle the tax issues on behalf.
3. Full Control
The absolute best thing about selling VR gadgets on your site is that you have full control! You can decide what to sell and promote, and you get to shape the products to be the best they can be.
It’s also the scariest aspect, but that comes with the territory!
4. Make Once, Sell a Thousand
If you had told people 60 years ago that you could make a product once and sell it a thousand or even a million times, they’d cart you off as a scam artist.
In the present time, all you need to do is promote a product once and you can sell it as is numerous times.
You may need to do some review updates, depending on the product, but these will likely be smaller things that don’t impact too much on your time.
5. Passive Income
Earn money while you sleep! That is what I love the most. I do believe this is your dream too!
The great thing about running an online business is that they are automated, so you don’t need to actually be there to process the sales.
Don’t misunderstand the word “Passive Income”, because you have to remember that even though the sales happen passively you still need to actively promote and market them on your site by blogging and reviewing.
6. Excellent Mark-up
Have you ever heard that most meals in a restaurant have anywhere between a 200% and 500% mark-up?
Online businesses are the same. The cost to produce the content is usually very low, so the actual sales price has a very high-profit margin. This is why you see so many internet marketing products with large affiliate commissions; they can afford to do it while physical product sales simply don’t have the room for it.
7. Helps You to Become A Brand
You may have heard it in the past where experts in the internet marketing field suggest that you become your brand. Selling VR products allows you to do that.
You may have heard of the very successful photography gadget reviewer, Ken Rockwell. He reviews a lot of cameras and accessories and he is so well known that most photographers go to his site to read camera reviews and make purchases through his website.
This is the power of branding yourself, and you can use your products to make your name in your niche.
8. Leverage Other Platforms
Even though setting up your own site really isn’t that hard or expensive, sometimes you want to take advantage of existing traffic.
Digital products allow you to easily add the product to multiple online marketplaces, such as:
- Amazon.com for ebooks
- Themeforest for website templates
- Google Play and Apple App Store for apps
- Creative Market for design elements
- and others
These marketplaces have pros and cons. The biggest pro being you get a lot of free targeted traffic that should be interested in the type of product you’re selling.
The major con is that they will take a chunk of your sale amount, and it’s usually quite hefty – 35 -50% or more is not unheard of.
Where to Start?
Step 1: Set up a Website
As I mentioned above, the most efficient way to take advantage of the internet is to create your own website. Having your own website will be your most valuable asset for your new business.
Your website will serve as the foundation for which you build your business on. If you don’t have a website for your business in this day and age, you are truly missing out. Taking advantage of social media is one thing but that could never compare to a website.
Step 2: Generating Traffic
This is a simple concept, to make sales you need customers.
To get customers, you’re going to need to have traffic directed to your store.
This isn’t going to be too difficult of a task when selling things cause they are more than three billion internet users that use the internet daily.
Your website has a tremendous advantage of tapping into this large traffic source and be found easier and not to mention the simplicity and better user experience it will provide for customers.
You can be found in google or any search engines when potential customers search and this would provide a lot of traffic.
This training source will show you exactly how to optimize your website for getting this valuable traffic to your website from various sources and grow your customer base. Learning the simple concepts taught there will help you get more exposure than you ever would in a traditional business.
I do affiliate marketing and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
If you’re looking for a starting point to make money online through affiliate marketing, then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you read the full review of this product here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.
It is Your Turn Now
If running an online business and sell VR gadget online is exactly what you are chasing for, consider running a blog. Read the following articles to learn how I make my online income.
- Why Should I Seriously Consider Running a Blog?
- Earn Money Online as Affiliate Marketers
- Ways to Earn Money at Home | $10,000 Template
If you have any questions, let me know in the comment box below.