PayPal
How will your customers pay for your product? If you’ve ever done online shopping, you
know most web sites with something to sell will accept credit cards, and you’ve probably
heard of PayPal: it’s the largest online worldwide money transfer service in existence.
PayPal accounts are free to set up, and you can start accepting money right away from
customers. You can have PayPal issue you a check, or get the funds deposited directly
into your checking account.
PayPal merchant accounts allow you to accept credit card payments from your web site.
You pay a percentage of each transaction, from 1.9 to 2.9 percent, and your customers
pay nothing extra. You can adjust the price of your product to cover these fees, and a
PayPal account is far easier to set up than other shopping cart systems.
ClickBank
ClickBank is an internet marketing service that allows you to sell your product through
their web site—and also enables their 100,000+ affiliates to sell for you. Setting up a
ClickBank account costs a one-time $49.95 with no monthly fees, and like PayPal, they
take a small percentage of sales. However, you must set a commission price for sales
affiliates. Your profit per unit will be lower, but your sales volume will be much higher.
You can also enroll in ClickBank’s affiliate or reseller program and sell other people’s
products for a commission. This will enable you to receive multiple income streams from
one source.
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