I have been blogging for 2 years now and my main online income comes from affiliate programs. So I feel it’s time to address the doubts and demystify some perception people have about this industry, from my personal view. Is affiliate marketing a good way to make money online?
This question is not the easiest to answer, but I’ll try to make it as simple as possible for you to understand.
How Does Affiliate Marketing Work
Let’s break down the question into 2 parts; ‘affiliate marketing’ and ‘make money online’.
Affiliate marketing is a legitimate business model where company/brands pay commissions to marketers to promote their products/services. A qualified sale can yield between 3% to 70% in profit range with potential recurring values. This technique is becoming so popular that many industries are starting to employ them.
You are positioning yourself within trends that are in hot demand so clearly, there are a lot of interesting niches to be tapped. I am pretty sure there’s at least one product category in the chart above that interest you. The question is, how are you going to profit from your chosen niche. Here’s where the second part comes in.
Making money online is a job that has everyone scouring the internet and ended up being scammed. I’ve been a victim myself so I know very well how these offers look like. If you need to fork out hundred of dollars on something that you are not sure/never heard of, chances are you are dealing with an online scam.
In affiliate marketing, you invest in a domain, website hosting and online training to get a business up and running. You generate income from sales commissions, instead of getting paid doing other people’s tasks. The good news is, the search engine is affiliate businesses’ strongest ally.
The more you understand how people search and buy things on the internet, the more you’ll be able to convert traffic into sales. Google is a great place for affiliate marketers to thrive and as long as you have a good quality website, they will rank and promote your business to the world.
It’s the scammy ones that they are trying to eliminate from the search results because these types of products offer no values to online users. So rest assured that you are not breaking any rules by doing affiliate marketing.
Now that you know the potential and prospects, let me explain three reasons why this is such a great revenue model for beginners.
1) Low Overhead
Because you are not the creator/manufacturer, you don’t need to maintain an inventory. Your only cost of operation would come from domain registration and website hosting which you might pay between $40 to $60 per month. In other words, if you could cut down eating out on weekends, you do have the budget to get started.
2) Low Entry Barrier
When you read my blog, you might have the impression that I am from a techie background. The truth is, I didn’t know anything about website or internet marketing until two years ago. However, web technology has made it possible to create a WordPress website within a few minutes and that’s how I did it.
Heck, you don’t even need a license to get involved in this business. That means – college students, part timers, baby boomers – basically anyone can do this. This is truly the type of job that you can start from home and bring it wherever you go.
3) Niche Opportunities
There are affiliate programs for almost anything these days. Many of the items around your home and at work can be bought online and there’s a good chance that affiliate marketing is driving a large percentage of those sales.
When you are just starting out, selecting the right niche is often tricky at first since there are so many to choose from. That’s where most people stumble, but with a bit of research and guidance, you should be able to find something that you can explore and continue to make profit for the long term.
To get some inspiration, take a tour around the Amazon marketplace (they offer an affiliate program too) and see if you can find a product that can lead to your desired business niche.
4) Learn Marketing Skills
One of the biggest problems with employment is that people do not have enough marketing skills to pursue what they are actually good at. They learn to sell/serve their companies, but not for themselves. That’s why so many people don’t know how to break away from their 9 to 5 jobs.
When you become an affiliate marketer, this opportunity will ‘force you’ to learn marketing because the earning pretty much depends on your creativity and capability to think outside of your comfort zone.
Soon, you’ll discover that it isn’t really about the selling; it’s about understanding people’s problems/needs and helping them find solutions through the knowledge that you have. This skill can make you achieve a lot of things so I highly encourage that you go out there and acquire it.
My Personal Journey Thus Far
Back in 2014, I had a strong desire to improve my financial situation and like everyone else, I turned to the internet, hoping to look for a quick solution. Obviously, there was none and the only viable option that seems to agree with my limited experience is affiliate marketing.
I decided to give it a try and although it has been a bumpy ride, I am glad I didn’t give up. From a blank website, I learned to blog, create online traffic and went on to make this much after several months. It feels great to hit the 1K mark 🙂
You see, there’s a system to how affiliate marketing works and once you understand the process, everything becomes more transparent and making money online becomes less an illusion.
What I want to say is that, building a successful online business takes time, especially on the internet space where things aren’t always black and white these days. However, if you are willing to commit what it takes, affiliate marketing can open doors of opportunity and potentially change your future in ways you never thought possible. If this type of business idea appeals to you, find out how you can get started with some good training here at Wealthy Affiliate.
Have any thoughts or questions about this topic? Just leave your comments below and I’ll get back to you.
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