Affiliate marketing certainly has the potential to drive sales and generate significant revenue. More than that, it is a highly cost-effective lead generation tactic where you pay solely for performance. That’s why more brands are leveraging this performance-based marketing tactic more often.
In this short blog, I am going to give you four practical reasons why you need to start your affiliate marketing and why affiliate marketing is still such a powerful model to make money online.
Please read my other blog about Starting an online business.
1-Affiliate marketing programs are cheap
Most of the affiliate programs and affiliate networks are free to join, I mean there are many websites and companies out there, which offer affiliate programs free and you can join them as an affiliate, then start to earn commissions.
Anyway, you need also your own online presence in order to grow your audience and email list for example. This requires you to start your own website. Buying a domain can be as cheap as $15 per year. Jamie Spencer easily explains on his website How To Make A Website.
2-Starting affiliate marketing business is relatively fast
One of the biggest advantages of online marketing like affiliate marketing is everything is very fast. You can establish your business from scratch in less than 1 week and start to make profits a month after. It’s very common to see people earning a full-time income through affiliate marketing in just 1 year, some people achieve the goal in less than half a year.
In the offline world, it will take 10 or more years to become an authority in the industry, but in the online world, you can become an authority in your niche in 2 to 5 years. If you are utilizing social media for branding, it will be even quicker. When you are an authority in the niche, it’s possible to earn one million or more per year. Just do a quick search in google and you will easily find many people all around the world that are making millions running affiliate marketing.
Affiliate marketing is not a business that can see results overnight, but you will see results really soon. Compare to other businesses, affiliate marketing is one of the fastest business to set up and to start earning money online.
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3-Experiencing a flexible lifestyle by having an affiliate marketing business
This is one of the biggest reasons why people quit their jobs and start their affiliate marketing business. You can work anytime, anywhere you want and it means you need to have an office. You are your own boss, you can work from home (while sitting on your sofa in your pants) or even work when you’re traveling around the world (imagine working while you are spending your holidays in the Maldives). With affiliate marketing, you can escape the 8 to 5 working life as well. To put it in a more simple way, having an affiliate business is equal to:
- Financial Freedom
- Geographical-time Freedom
Not only working time is flexible, what you can do is also very flexible. There are no strict rules on how to do affiliate marketing, some people are writing blogs, some people are doing video marketing, and some people are utilizing social media and list building. Affiliate marketing is so broad that has unlimited possibilities and profit.
4- Affiliate marketing is highly scalable
When you have acclimated enough money (mostly by having organic traffic on your affiliate links), you can start to invest more money to earn more and scale up your business. You can run ads to drive more traffic, hire a ghostwriter to write content for you, or even recruit crewmembers to manage your website. You are the CEO of your business, by then, you will have fewer things to do, but more money to earn.
You can also start multiple businesses in different niches to earn multiple streams of income. Affiliate marketing is a scalable business, there is no limit of how big can it grow and how broad can it go.
Start your Affiliate marketing and gain your freedom
Affiliate marketing is an ideal solution for those looking to gain control of their own income and time by focusing on performance-based revenue options. Working in tandem with a seller, a motivated affiliate marketer will be able to achieve a passive income from the comfort of their home without worrying about producing their own product or service. Although the success of the job does depend on the affiliate’s marketing skills, it can prove to be an effective way to meet your income goals as either a primary career or a profitable second job.
Here I will share with you some success stories from those people who started their affiliate marketing business with an amazing community of online entrepreneurs.
Please feel free to contact me anytime if you need any help or further questions. Keep an eye also for my other blogs in which I have the chance to give you more clarity and details about online lifestyle and its related business models 🙂