So, you have been thinking of getting started with affiliate marketing and wondering whether it is for you. Should you do affiliate marketing? Well, there are various reasons to start affiliate marketing.
The top reasons to start affiliate marketing include the fact that you don’t need startup capital and can work anywhere. You can be your boss, earn passive income, and be in full control of your time and schedule. You can also promote products that earn high commissions.
In this article, you will learn about the top reasons to get started with affiliate marketing. We will talk about why affiliate marketing offers opportunities that other business models do not. Let’s get into it!
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You Don’t Need Startup Capital
Affiliate marketing is a rare business model where you can make money without investing a lot of money upfront. Let’s say you want to get into e-commerce. The standard e-commerce business model requires you to buy stock upfront and then sell it for a profit. You might have to invest a few thousand dollars into stock so you can make money by selling it later.
However, what if you don’t have any money to invest? The good part about affiliate marketing is that you don’t need a lot of money upfront. You can get started with a hundred dollars or less. You can even get started with zero money, though it will take a bit longer in that case.
The startup costs associated with affiliate marketing are minimal. The main cost is the cost of buying a website. You can buy a domain name for a few dollars and hosting for just around $1/month, depending on where you go.
However, if you want to get started with zero startup costs, that is possible as well. You can start a free blog on a website platform like WordPress or Wix. You don’t have to invest any money upfront for that. You can also promote on your social media channels and forums.
You Can Find Products With High Commission Rates
You might be thinking that affiliate marketing is not worth it because you will only get four or five percent of the sale. That is true if you are starting out promoting products on a site like Amazon Associates. However, we will let you in on a secret over here—many products give you 50 percent commissions, or even more! Yes, some products will give you 75 percent commissions.
That is what makes affiliate marketing so good. You can get 50 or 75 percent of a product’s sale without having to invest all the money, time, and effort into creating that product. You just “piggyback” on the work of others.
So, what kinds of products offer such high commissions? It sounds too good to be true, but it is not. We are talking about digital products here. Examples of digital products include ebooks, video courses, and software.
Someone selling an ebook or video course can afford to give you 75 percent commissions, although 50 percent commissions are common. After all, once they have created the ebook, there is not much more work involved besides selling and maintaining a website where they sell the ebook. It is not like physical products, where each product needs to be bought separately and will need to be shipped and handled.
An ebook only needs to be created once. You can make unlimited copies of your ebook for free. That is why sellers have no qualms about giving affiliates 50 percent commissions. It is a win-win situation because they will be getting sales that they would not have gotten without their affiliates.
That is why we recommend selling digital products. You can find them on marketplaces like Clickbank or JVzoo.
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You Can Work From Anywhere
One of the main reasons people like to make money with affiliate marketing is that they can work anywhere. You do not have to stay in a specific city or town. You do not even have to stay in a specific country, which makes affiliate marketing superior to remote working.
For a lot of remote jobs, you can’t simply live in another country. There may be time zone differences that prevent you from attending live meetings, for example, or the company might prohibit you from working in another country or even state due to regulations.
With affiliate marketing, however, you can work from anywhere, and you can move from city to city, state to state, or country to country whenever you like. You are truly independent.
You Are Your Own Boss
You are your boss with affiliate marketing. You do not need to answer anyone. You can choose which products to promote. If you don’t want to promote a product anymore, you don’t have to. The fact that you are your boss makes affiliate marketing superior to a lot of other online work.
If you are a graphic designer, for example, you might still work for someone. The same goes if you are someone who works remotely for a company. On the other hand, with affiliate marketing, you truly have control over your life.
You Have Time Flexibility
Time flexibility is another big reason people choose affiliate marketing. It allows you to spend more time with your family and friends. If you are working all day and coming home late, you won’t have as much time to spend with your family. Since you are your boss, you can set your schedule.
You can wake up when you want and go to sleep when you want. You can take a vacation for a week if you want to. You do not have any deadlines as an affiliate marketer. You can take a day off to spend time with your kids if they have a vacation from school.
It Is Passive Income
Passive income is the ultimate form of financial freedom. If you earn passive income, you can take a vacation for a month and still earn money. The definition of passive income is income that is earned passively, without doing additional work.
If you have stocks that are earning money, for example, that is passive income. If you rented out an apartment for a year and are earning money every month automatically, that is passive income.
It is the same with affiliate marketing. Let’s say you set up a website, and 100,000 people visit it every month. Then, one percent—or 1,000 people—end up buying a product through one of your affiliate links, and your commission is $10 per sale. That will earn you $10,000 per month.
Even if you take a break for a few months, your site will still get 100,000 visitors. You will still be earning money. Eventually, if you do not update your site, it will lose its rankings, but one of the great things about blogging is that you can schedule blogs to post in advance. You can also hire writers who will post blogs for you, so you don’t have to do it yourself.
That is why affiliate marketing is so awesome. It gives you financial freedom in the form of passive income, which a remote job does not do at all.
For a video explanation of what passive income is, click on this link:
Related Post: How Much Money Can You Actually Make With Affiliate Marketing?
Conclusion
Getting started with affiliate marketing is rather easy. That is one of the main reasons people do it. You can start making money today as long as you find someone who buys through your affiliate link. We didn’t mention this in the list, but the fact that you can get started with earning money so quickly is also one reason you should get started with affiliate marketing today.