Easily make money online through affiliate marketing. No doubt, the best job in town, work from anywhere with no constraints
Estimated reading time: 8 minutes
Why choose affiliate marketing
You can build a viable business that will return a great income
There is no stock, debtors, or billing
You can have multiple suppliers at one time
It can be done with very little expenditure
There are no bosses or time clocks
The results are unlimited
Ample training is available
They are the main points to get your eager juices flowing.
However, there are a few downsides as well to balance things out.
It may take a bit of time to start the money flow
It will require some effort on your part
You are going to have to do a bit of school work
Having an understanding of computers is a help
Getting the right paying affiliates is an art that you need to develop
What do affiliates do mostly
As an affiliate, you are a salesperson for a company of your choice. Your job is to actively market their products and when a sale occurs you get paid.
Payment may be a one-time commission or a regular monthly return over the length of a contract.
You sell products by web promotion, email, SMS, and personal approaches, and in fact, you can showcase a product. Seminars, business clubs weekend markets are all ready to have your presentation.
Therefore you are the traveling salesman of the twenties.
Having a book of products
Just like the old sales guys that went door to door you may have several different products in your sales Kit. Each one gives you an affiliate return.
An example may be you convincing a friend to take up blogging. Your friend needs to get themselves a Domain name ( Clink) a Web Host ( clink) some training ( clink) and a nice plug-in to help with the setup (clink).
Therefore with one application, you have several rows of income.
Which income flow is preferable
I am referring to a one-off commission against a recurring income that is often part of your income potential.
First of all, a recurring income will generally be greater however it will be spread over time. But, you also take the risk of an early cancellation that will lessen the return.
The real beauty is building a steady stream of new clients all paying a monthly amount.
It may be just $20 a month ( $240 a year) but when you have a hundred you are gathering $2000 a month or 500 and you are at $10,000 a month every month for the foreseeable future.
When you get to this point it matters not if you take a day or a week away the income continues to flow and as the old saying goes
“Making money even while you sleep”
Unknown
The best-known Affiliate site is now the worst payer
Of course, you have heard of Amazon. A company that started as a bookseller and grew to be one of the biggest affiliate sites in the world.
The Amazon story was built around affiliate sales however as time passed they took more and more sales internally and lessoned the returns for affiliates. What was a 15% margin dropped to around 3% which meant you struggled to make money. What is as important is that your referral only has a one-day buy time. If they don't act in that time Google claims the customer for themselves.
Furthermore, if your sales levels don't meet their targets you are dismissed as an affiliate. All your effort was wasted.
Amazon was followed by Walmart and a few Chinese operations took a similar model.
You can still make money with Amazon and similar you just have to work a lot harder for the same return.
Easily make money online through affiliate marketing
Are Affiliate sales still viable?
Whilst Amazon is the bad news story Covid is the good news hit. With the world partially shut down trying to avoid covid online shopping has really ramped up offering so many opportunities for the new entrepreneur.
Many shoppers go straight to online sales and completely ignore the shopping malls where they traditionally hung out.
Anything can now be bought online and delivered to your doorstep and much of this is done by affiliates.
A big example is companies offering the best home loan rates, Best Insurance quotes, cheap hospital coverage, and other such commodities.
These companies are aggregators, You call them and they refer you to the company of their choice and Zing another commission. An insurance lead may earn a thousand dollars and a home loan several thousand dollars so they are doing it big time.
Almost any product is now sold by an affiliate somewhere. My wife recently bought me new shoes for a special occasion. My brand choice and style were important and of course price.
We could have gone to the local shops and wandered around but a great deal was found online so the purchase was made. I am in Australia the affiliate was in New York, and the sale was made and delivered to my doorstep.
Is Uber eats the ultimate affiliate
Uber eats don't produce anything. They take a cut of the food profit and deliver it to you and spit the money with the driver.
That simplifies the process however it is really affiliate income working well.
Where do you find affiliate opportunities?
This is the easy bit of the process. Some companies sell everything via affiliates.
Web Hosting, Data storage are just two that come to mind but there are many more.
To find a product simply type a Google search with the product, press the space bar, and then type affiliate. The world is at your fingertips.
Further to this, there are companies that run affiliate campaigns as a business for the companies.
- Impact.com
- Rakuten
- Awin
- Commission Junction
- Click bank
- Wealthy Affiliate
This is just a sample of the better-known ones but there are many more and depending on the product you want to sell who do you end up with?
Easily make money online through affiliate marketing once you are accepted
Getting accepted as an affiliate
This is not always straightforward and they may ask for your experience or a track record of work to justify appointing you. If you are a beginner it is best to start with someone that will train and promote you and then provide access to some of the better programs.
Wealthy Affiliate does this as a business line and you can try them out for free. You immediately become an affiliate and they have comprehensive training to take you forward to the next levels. While affiliate marketing is not hard it does have things you need to do before you start to make money.
No one is going to pay you if you don't perform so getting a bit of initial input is necessary.
Beware the scammers in the market
Like anything, there is an unscrupulous element on the internet waiting to offer the world and return nothing whilst getting paid for the privilege. I don't want to alarm you I just want you to enter the market with your eyes wide open.
Furthermore don't pay out without a trial or guarantee
Easily make money online through affiliate marketing
In general terms, the higher the commission the less the number of sales you will make. You could sell a lot of books on Amazon but make a few cents at a time but a Home Gym might net you a few hundred dollars. Importantly the same effort goes into selling books as Gyms are so often a better choice of product.
Don't go to a market for a bargain, gather chosen companies that are related to what you promote and have a small basket of high-return products that will pay you over the long term.
Marketing your affiliate programs
You can do this in any number of ways with the principal one being the internet. A website, blog page, funnels, and emails are the standouts. Naturally, Social Media has a place as well as YOU Tube.
Throw in all the traditional marketing methods and you have a very busy play area.
Conclusion
As an affiliate marketer, I may show some bias however I have spent several decades promoting recurring revenue products and am sure it is the best game in town.
With a small basket of supply channels, you are protected against total loss if one departs the scene. This happens more regularly than I would like but like any business, there are some downsides. But, a heap more on the upside.
Finally, Enjoy the experience
