Many people are wondering if affiliate marketing is lucrative or it is merely a theory on paper. Time of being in the industry have shown that affiliate marketing is very lucrative if done properly. It is not a Get Rich Quick scheme, but a lucrative one that demands time and money.
A lot of people have benefited from it, and have continuously benefited. This means that the claim that affiliate marketing is real and true stands.
Affiliate marketing will continuously exist as many companies will always rely on online marketers and bloggers to advertise their services or products. As long as the internet continues to hold sway, affiliate marketing is not going anywhere.
What is Affiliate Marketing?
The affiliate marketing is a type of marketing dependent on the performance of the affiliate, whereby the firm rewards its affiliates for every client they bring to the business.
This allows you to make money while working from home, and you continue making money, while you sleep, but it is important to know that it is not a get rich quick scheme.
The main idea behind affiliate marketing is that you earn from promoting other businesses’ products and services, via an affiliate network. For your service of getting people to buy through your link, you gain commission.
It can be seen as a revenue-sharing business, where you share in the revenue that accrues to a business. You can call yourself, a freelance marketer.
You are producing a product, or sell a product, and you want it to move quickly, you can decide to create an affiliate program, where you give promoters incentives.
On the other hand, if you are not the seller or the manufacturer of the product, and you want to earn, you can decide to join the affiliate program, and become an affiliate marketer. It entails you promoting a product or service that you feel will have value, and earning income.
The Affiliate industry is divided into four basic players, and they are the customer, the affiliate, the network that has offers by which an affiliate could choose from, and the brand or retailer.
That’s merely the basic participants, there are now secondary participants that benefit from the industry, and they include superb affiliates, affiliate management agencies and so on.
Affiliate marketing is grouped under internet marketing because the affiliate usually makes use of normal internet advertising styles.
Some use email marketing, SEO, content marketing, and so on.
Why Should You Choose Affiliate Marketing?
You are wondering if affiliate marketing is the one for you, but who doesn’t like the idea of sitting at home and getting paid.
1. Affiliate Marketing Is A Very Cheap Business
When you look at the cost of starting it up, you will realize that you may spend little or nothing to get it running. You don’t have to worry your head about getting a storage space to store up products. You don’t have to think of paying money to experts to get a service developed. You just have to understand the rudimentary and be ready to work.
You can start by creating a website, and using monetizing means to earn. Once you have created the website, you can then look for a great and legit affiliate program to sign up to. Signing up to affiliate program is absolutely free.
Take a look at Wealthy Affiliate program. Is free to join and you could learn how to start, grow and maintain your online business in affiliate marketing, or maybe in any other niche you are interested in.
2. Affiliate Marketing Makes Sure You Are Independent
With affiliate marketing, you are the boss of yourself. Yes, you read that right. You decide when you want to work. You decide if working from a café, or home is great for you.
All you need to do is have a great internet connection. If you are not lazy an put an effort, you can earn a lot from it. Like earlier said, it is not a get rich quick scheme, but a get rich scheme for hard workers because they can earn hundreds of thousand yearly, or even millions.
3. Starting Affiliate Marketing Can Make it Become Awesome and Intriguing.
In the field of marketing, affiliate marketing is one that can’t be ignored because it is very scalable. If you are doing very well, and have a lot on your plate, you can easily decide to get extra hands on board. You won’t spend a lot because you will not bother about renting an office space or getting a customer support system running.
You can also get your personal affiliates that will work for you in the marketing business. You can decide to grow into a seller in the future.
How Can You Make Money Online as an Affiliate Marketer?
Ignore those that say affiliate marketing is a get rich quick scheme, it is not, but it is a lucrative one if you put time and effort into it.
You can start by following the steps below to reach the success you wish for.
#1. You should start by going for those affiliate services and products that have high quality. Don’t go rushing into the bed of any product or service that runs an affiliate program because you may end up wasting your time and effort. Don’t merely focus on a grand with great income, but one that has high quality.
#2. Get your researching hat on because you will have to find out how you will be paid, and when. You have to look at the credibility of the brand, as well as other important issues to see if the program will be a great fit for you.
#3. Begin a blog. Were you thinking that you will create a website and dump affiliate links there, without providing interesting contents? Hell no. You should start a blog, a lifestyle one, a how-to one, and so on, that will allow you to promote your affiliate products in an innovative manner.
#4. Opt for affiliate products that fall into your niche. You don’t expect to be an affiliate marketer for a car, while you run a blog that posts content related to Motherhood. Your affiliate products should be related to your blog content because it will be relevant to visitors of your blog.
#5. Do not bore your blog visitors. It is important that your affiliate ads get mixed and matched.
You don’t know how to do blogging? No worries, Wealthy Affiliate has an amazing training on how to create and monetize your blog. Join for free and follow the training.
#6. Affiliate links that are in the content are usually clicked better than those placed as image links.
#7. Maintain Transparency by letting your visitors know that your recommendation may lead to you earning from it. This will earn the needed trust from your blog visitors and it is needed by the endorsement rules of the FTC.
How Much Money Can You Make With Affiliate Marketing?
As an affiliate, you may fall under any of the five earning brackets, and they include:
- Those that lose money- The Apprentice
- Those earning from one dollar to three hundred dollars daily- The Low Ranking Affiliates
- Earning above three thousand dollars a day- The High Ranking Affiliate
- Earning above ten thousand dollars- The Super High Affiliate.
Sometimes, you may have to start from the Apprentice stage before you grow to the Super High Affiliate Stage. All that is needed is smartness, the affiliate tools, and hard work. If you are smarter, you may grow quickly. If not, it may take some time. What you should never think of, is giving up.
How Can You Start an Affiliate Business?
1.Opt For The Right Affiliate Network
Choose an affiliate network that works for you. There are many affiliate networks available like Affilorama, Wealthy Affiliate, Amazon Associates and so on. There is ClickBank, a very popular and old affiliate network.
Some have commissions of 10%. Some entrepreneurs and startups run their own affiliate programs too.
2.Opt For Right Affiliate Products
Choose the product that is in your niche and the one with high quality. You don’t want your name damaged. It is important that you research into the product before you make up your mind.
3. Make Use Of Social Media
As an affiliate marketer, social networks like YouTube, Twitter, Facebook, Instagram, and so on are your friends. Make use of them to demonstrate how awesome the products are. Video marketing works magic. You can use the video to demonstrate, in a funny manner, why the product is great.
How Long Does It Take To Become a Successful Affiliate Marketer?
It is not an overnight scheme. I put it at a year. Look at it as a plus side because you won’t have to wait for about four years like a startup before you start to earn a profit. As an affiliate marketer, it may take you far lesser than a year, if you are ready to be smart and work. It is also important to note in this journey that SEO is your friend.
Is Online Affiliate Marketing Legit?
It is very legit. You can make a lot from it, but it is not a Get Rich Quick scheme. There is hard work involved. Before you become an affiliate marketer, it is important that you research into the product and its brand to ensure that they are not a scam.
You can build a great affiliate business if you ignore that says it is a Get Rich Quick Scheme. It may be hard at first, but keep your eyes at the goal, and don’t give up. Once you pass the beginning phase that is hard, the rest is easy for you.
Is Affiliate Marketing Worth It?
Of course, it is. It is worth it to that person, who doesn’t want to work for anybody, or wants to work on his or her own term. What many people tend to get wrong is that when they start being an affiliate marketer, they start to earn the big bucks immediately. This doesn’t work. There is no secret formula that will make you earn a lot the same day you started, except you are running a popular blog, or you have amassed great popularity on social media.
All you need to do to succeed in the affiliate marketing world is to use the tools of internet marketing open to you, create an interesting blog, and start earning. Dedication is key.
If you don’t know how to create a website or a blog and how to monetize them; moreover if you are a complete beginner and really want to start an online business in any niche, then I strongly recommend starting with Wealthy Affiliate.
Wealthy Affiliate is an All-in-One Platform, well organized, current and is getting better every year. This platform is made for all beginners and also, for advanced internet marketers.
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All the best!