Affiliate marking is a booming online industry. Affiliate marketing net worth was 6.4 billion in 2019 and its projected to rise to 14 billion by 2022. Many people who want to earn money online choose affiliate marketing because it doesn’t require you to have your own inventory or provide any services.
Affiliate marketing is based on promoting products or services from someone else and receiving a commission for each sale. Many companies will pay 30, 40, or even 50% commissions to their affiliates (us).
The majority of successful online marketers started with affiliate marketing before creating their own products and services.
Affiliate marketing takes effort and time, but the process of promoting other people’s products and services is simple.
- Sign up to be an affiliate with a company and get your own unique affiliate link that tracks down their sales to the affiliate.
- Start promoting the company you partnered with and run traffic either from organic traffic or paid traffic.
- Make a quick bridge and sales funnel page directing them to your link.
- Collect their emails while promoting.
- If someone purchases the product, the company tracks down that sale with your unique link and pays you the commission they promised.
Thats the easiest way to promote a companies product/service and make a couple of bucks in your first 2–3 weeks.
Why To Become an Affiliate Marketer?
We are consumed by social media (such as Tiktok, YouTube, and Facebook) and many people have been benefiting from it. These 3 reasons are signs that you should start affiliate marketing now.
1. Passive income
Regular 9–5 jobs requires you to attend work in order to gain some revenue, but Affiliate Marketing provides the ability to generate revenue while you sleep.
2. Cost-effective
Most business models require initial start-up fees; Affiliate Marketing offer low start-up fees which can boost you to start quickly without spending much money
3. No customer support
Companies offering products or services have to deal with their consumers and ensure they are satisfied with what they have purchased.
The only job of an affiliate is to link the seller with the company and receive a commission.
Remember, you’re an affiliate for any company you desire, so all you have to do is expose their company to new customers.
How Do Affiliate Marketers Get Paid
All of the payment methods are commission-based and they’re usually provided to the marketer on a monthly basis.
The most common payout is when a affiliate marketer gets paid for every sale (Pay-Per-Sale)
The second common payout is for every lead they generate they get paid. (Pay-Per-Lead)
And the best payout is the marketer gets paid for all clicks regardless of whether they made a sale or not. (Pay-Per-Click)
The amount of money the marketer makes depends on both their payout method as well as their audience size.
Whats The Dark Side Of Affiliate Marketing
Although affiliate marketing provides an easy and quick way to generate revenue without owning any products or services, there are 3 disadvantages when you are trying to set up affiliate marketing for yourself or through other people, to bring fresh traffic to purchase your goods or services online.
1. No fixed income
When you do a regular 9-to-5 job, you are guaranteed to earn income from working. Affiliate marketing is considered as passive income. Every cent you get needs to be earned, while earlier achievements make no difference whatsoever. If you want to maintain profitability in the long run, you have to fight for it every day.
2. It takes time
Another common misconception is that affiliate marketing begins delivering great results instantly. Keep in mind that affiliate marketing is a process, so you are going to take some time to build a reputation, earn enough traffic, and start generating the profit. It takes some serious work to achieve your business goals and create a steady source of income.
3. Lack of resources
Most people starting affiliate marketing will find themselves on the internet trying to figure out the whole “how to start my own online business” and in the start this is helpful but in the whole grand scheme of it, you going to need the right person, right business model, and right mentor.
In Conclusion
“in light of all this, is affiliate marketing worth it?” you decide. Either benefit off of social media (such as Tiktok, YouTube, and Facebook) and make money passively without dealing with customer service or just worry about how much money you make that keeps you in that 9-to-5 job that keeps you up at night, asking yourself if you worked enough this week for the bills.
Thanks for reading my blog post. If you want to know how most affiliate started. Go to my website explaining exactly how I started and my Legendary members. Thanks again.
