We all dream of passive income sources that could earn us money while we sleep. Well, one way to develop a profitable passive income stream is through affiliate marketing. But, while you can make money (and earn passive income) as an affiliate marketer, you do need to put in the work to get started. So, while affiliate marketing is “easy,” it is not right for everyone.
Want to know if affiliate marketing is right for you? Then let’s look at these 5 reasons.
But, first, the basics.
What is Affiliate Marketing?
Affiliate Marketing is a method by which product owners increase sales by allowing other persons (affiliates) to promote their products or services and earn a commission on the sale.
As an affiliate, you, therefore, make money on commission by promoting products made or being sold by other people or a company. So, when someone buys from your website, you get a percentage of the profit for each sale that you make.
How is affiliate marketing set up?
For most affiliate products, you will need a website to get started. Once you have identified the product or types of products that you would like to sell, then it’s time to set up your website and apply to become an affiliate.
One of the most popular affiliate programs is delivered by the well-known e-commerce site Amazon. Like Amazon, some companies and individuals offer their affiliate programs through their own website, or they offer their products through affiliate marketing networks such as ShareASale, ClickBank, CJ Affiliate, and many more.
Once you sign up for these affiliate programs, you are given a unique link for each product you wish to promote which ties back to your account. So, for every sale that is made using your affiliate link, you earn a commission on that sale. You must use your affiliate link if you want credit for sales generated through your site. Each affiliate program has their own rules, so make sure to read and adhere to the rules so that you are not penalized.
Now that you know what affiliate marketing is and how to get started, let’s see if you have what it takes to become an affiliate marketer.
5 Reasons why affiliate marketing may be right for you
1. It’s Relatively Cheap to Get Started
Signing up for an affiliate program is free. There are no fees to join an affiliate program. You won’t have to worry about storing any items or inventory cost, etc. with traditional e-commerce-type businesses. All you will need to get started is a website (domain name and hosting).
2. You aren’t afraid of hard work
Getting started is the hardest part of affiliate marketing. You will need quality content to promote the products or services that you’ve joined as an affiliate. It may take time to develop traffic to your site, but if you are willing to put in the work and do the research on become a better affiliate marketer, you can start to earn money online in no time.
3. You enjoy flexibility and might even want to work for yourself
Affiliate marketing comes with much flexibility. You choose what products you want to promote, how, and when. You can work from anywhere and there are no restrictions on how much you can earn if you do this right.
In fact, many persons make a full-time living just from affiliate marketing.
That is their primary source of income, and it could be yours too.
4. You like to help
One of the things that successful affiliate marketers have in common is that they are helping persons. They aren’t only trying to sell a product, but they are genuinely providing value for their readers and showing how the products can help them achieve their goals or solve whatever problems they have.
If you are someone who loves to help, then affiliate marketing is the perfect avenue to do this while also making money. The selling part becomes a by-product of helping your audience.
5. You are patient
Success at affiliate marketing will not come overnight. But, if you research, find products that you are passionate about promoting, and do the work, you are a step ahead of the game and ready to eventually start reaping the profits. You have to believe that you will be successful, must be serious about the work that is needed to become a premier affiliate marketer, and be patient.
There are many successful affiliate marketers out there. And you could be one too. Are you ready to make money online? If you would like help on getting your website up so you can get started as an affiliate marketer, let’s chat.
Leighton is adept at helping Jamaican companies leverage the power of the internet to expand business growth. To this end, he has successfully applied tools and solutions in small and large companies to scale and grow their revenues year over year. With his years of experience in the industry, Leighton’s work also empowers entrepreneurs and small business owners to take control of their finances using online sales channels as a viable income stream.
Contact: firstname.lastname@example.org | (876) 808-5959