Top 5 Ways to Make Money with iTunes
Apple created an incredible business with iTunes leading to billions of downloads and global brand recognition. Here are some of top ways you can make money while they continue to take over the world!
1. Make music
Get your band together and promote your music without the infamous record companies. You will most likely still need some help as you’ll need to get a UPC code along with a few other things to make it happen. And you’ll also need to decide upfront how best to price your music and deal with commissions and fees. Here is a good guide that provides some details on getting started right.
2. Create a Podcast
If you are not musically inclined but have something to say nonetheless then a Podcast may be the answer. Once you have your first episode recorded here are the steps to get it online at iTunes. The final step, of course, is to monetize your Podcast using a service such as Premiumcast which allows you to charge people for listening to your Podcast. Once you sign up you can also make money referring people to other Podcasts as well.
3. Design an application
Don’t worry if you don’t have the programming skills to write one yourself because there are numerous people out there that will take your idea and make it a reality. Some will want to share the profits and others will take their fee upfront. If you have the technical skills and are eager to learn I would suggest checking out the courses that Stanford has created. It is an excellent course that you can find under iTunes U in the iTunes store.
4. Promote iTunes Online
If you have a decent website (Apple will have to review and accept it) you can place links and advertisements for various iTunes products and make 5% of the sale. To do so join the LinkShare Referral Program for free. It is important to note however that you can’t make the commission on items you buy yourself, which leads us to our next tip.
5. Join a Shopping Network
While the Linkshare program above allows you to earn 5% of the sales from invidivuals that click on your links and make purchases there is also a way to earn 3% of everything you purchase along with a percentage of whatever your friends and family buy! Let’s say you spend $100 at iTunes. For starters you would get $3 back. Then if someone you invited to join were to spend $100 you would get 10 cents. You would also get that same 10 cents if anyone in your network (up to 10 levels) made a similar purchase. So make money shopping without any cost to you.
So there you have it, our top 5 tips for making money with iTunes. Good luck and let us know how much money you make!