What is affiliate marketing?
In simple terms affiliate marketing means selling products on behalf of the other for a commission. For example, if you join an affiliate program of say Nike, and sell its products on its behalf Nike will pay you commission at a fixed percentage for every sale you make.
Why affiliate marketing
Different people have different reasons to be an affiliate marketer. I feel in general the reasons below are the ones which drove me to be an internet marketer.
1. Convenient to start
The only thing you need to start your own online business is a laptop/desktop and internet connection. You can do it from the convenience of your home, can work sitting in a café sipping a coffee or just sitting on a beach while enjoying its view.
2. No Initial outlay
The best part of affiliate marketing is - You can start it with Zero investment. The only investment you will ever need is your time. Once you start making money you can jump onto paid ads, email marketing etc which you don't have to worry when you start it. But as I said you don't need any start up money which is my first reason for jumping into online business.
3. Commission you receive is far more rewarding
Most of the companies pay around 40%-75% of the value of the sale as your commission. Just imagine selling a $100 product for 50% commission. You will be making $50 per sale. Just imagine making just 5 sales a week initially (this is only one company you are promoting).It will cover most of your monthly expenses. Once you gain experience, 5-10 sales per day won't be a big deal.
4. Don't need your own web site
I guess this is another reason for why a lot of people prefer to be an affiliate marketer these days. You don't need to spend months to develop your own website spending hundreds of dollars nor do you have to spend one cent paying others to develop a web site for you. You can just start creating your own blog which is free or you can just promote other people's product via classified ads or through article directories which are again free.
5. You don't need to have your own product
How good is that you won't be spending any money, first to develop it and second to market it. Just being an affiliate eliminates both of those costs. Your job is just to promote already existing products which have been developed by others.
6. No product holding costs
As a lot of affiliate products are digital products the buyer can just download it on to his/her computer just by a click of a button. It eliminates your costs relating to physically holding of the products. For other products, the supplier handles all the shipping and handling costs, so again it won't be costing you a cent.
Let's be honest, everyone wants to make money. For few it may be just a few hundred dollars to pay the phone bill or monthly car loan installments. For some it is a serious business opportunity where they work as full time internet marketers. What ever the reasons you may have, regardless of your reasons, how much money you will want to make depends entirely on the time you can allocate to developing your new online business. It's like any other business. No short cuts for success and hence don't expect miracles overnight. You will earn a lot but you need to take the first step, which is the learning process. You will have loads of fun I guarantee it.
Most of the people fail in online business because they are in rush to make money instantly rather then learning it gradually. They are a bit confused because the only thing people have in their mind is to earn MONEY and money alone without even having a clue where to even start or how to go about earning an income online.
In simple terms affiliate marketing means selling products on behalf of the other for a commission. For example, if you join an affiliate program of say Nike, and sell its products on its behalf Nike will pay you commission at a fixed percentage for every sale you make.
Why affiliate marketing
Different people have different reasons to be an affiliate marketer. I feel in general the reasons below are the ones which drove me to be an internet marketer.
1. Convenient to start
The only thing you need to start your own online business is a laptop/desktop and internet connection. You can do it from the convenience of your home, can work sitting in a café sipping a coffee or just sitting on a beach while enjoying its view.
2. No Initial outlay
The best part of affiliate marketing is - You can start it with Zero investment. The only investment you will ever need is your time. Once you start making money you can jump onto paid ads, email marketing etc which you don't have to worry when you start it. But as I said you don't need any start up money which is my first reason for jumping into online business.
3. Commission you receive is far more rewarding
Most of the companies pay around 40%-75% of the value of the sale as your commission. Just imagine selling a $100 product for 50% commission. You will be making $50 per sale. Just imagine making just 5 sales a week initially (this is only one company you are promoting).It will cover most of your monthly expenses. Once you gain experience, 5-10 sales per day won't be a big deal.
4. Don't need your own web site
I guess this is another reason for why a lot of people prefer to be an affiliate marketer these days. You don't need to spend months to develop your own website spending hundreds of dollars nor do you have to spend one cent paying others to develop a web site for you. You can just start creating your own blog which is free or you can just promote other people's product via classified ads or through article directories which are again free.
5. You don't need to have your own product
How good is that you won't be spending any money, first to develop it and second to market it. Just being an affiliate eliminates both of those costs. Your job is just to promote already existing products which have been developed by others.
6. No product holding costs
As a lot of affiliate products are digital products the buyer can just download it on to his/her computer just by a click of a button. It eliminates your costs relating to physically holding of the products. For other products, the supplier handles all the shipping and handling costs, so again it won't be costing you a cent.
Let's be honest, everyone wants to make money. For few it may be just a few hundred dollars to pay the phone bill or monthly car loan installments. For some it is a serious business opportunity where they work as full time internet marketers. What ever the reasons you may have, regardless of your reasons, how much money you will want to make depends entirely on the time you can allocate to developing your new online business. It's like any other business. No short cuts for success and hence don't expect miracles overnight. You will earn a lot but you need to take the first step, which is the learning process. You will have loads of fun I guarantee it.
Most of the people fail in online business because they are in rush to make money instantly rather then learning it gradually. They are a bit confused because the only thing people have in their mind is to earn MONEY and money alone without even having a clue where to even start or how to go about earning an income online.
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