For a business to be successful, most entrepreneurs opt for becoming an affiliate, and for the right reasons, after all, extra reach and profits are always good. Affiliate marketing is a low cost to no cost source to earn extra income by promoting other people’s or company’s products through your blog or social media handles. Each time a sale is made using the link provided by the affiliate, you earn a commission.
In recent years, affiliate marketing has become an attractive and lucrative profession. Why? Well, there are several reasons. Many people choose affiliate marketing as the second source of income alongside their main job and both can be balanced well if you know how to do it.
Several affiliate marketers spend a few hours a week and generate a considerable amount of side income. Unlike your regular job where you have to go to the office and are paid a salary for the hours you put in, affiliate marketing allows you to earn commission on something that you have probably marketed several months ago.
Here is an example of affiliate marketing. Let’s say you decide to become an affiliate with Moonshot Junior as you are interested in writing about educational programs. You decide to promote our Innovator Program, for that, all you have to do is go to Moonshot Junior’s affiliate program and sign up. Once your application to become an affiliate is approved, you get a referral URL and you are good to go. It’s that simple.
Let’s look at some of the reasons why affiliate marketing is good and how it can help you generate income.
Be Your Own Boss
Everybody wants to become their own boss and not have anyone to report to; come-in and leave whenever they want; not wait for their superior’s permission or approval before going on a vacation. With affiliate marketing, you don’t have to worry about all these things. You can decide on how many hours you want to put in and take a vacation as many times as you want. Moreover, you can choose which project you want to work on next and you get to make all the business and strategic decisions.
No Cost and Low-Risk Business Opportunity
Most businesses and franchises require a sizable start-up cost. As an affiliate marketer, you can start quickly with a small or no budget. Most affiliate programs are free to join. The market reach is limited to the affiliate’s ability to promote their offers. If you understand what you are selling and who is your target audience, then there is no stopping you.
Work from Anywhere in the World
An affiliate marketer has the liberty of working from the comfort home or anywhere in the world. The only requirement is having internet access. There is no restriction of going to an office or putting in a certain number of hours to get paid. In fact, you can make money even while you are sleeping. Yes, you heard it right.
Once you have shared the link of the product on your blog or your social media account, your work is done. It doesn’t matter where you are and what you are doing, you will be paid if a purchase has been made using your link.
No Merchant Accounts
However, as an affiliate marketer, you don’t need to set-up merchant accounts, which can be expensive and time-consuming. All cost for payment processing is borne by the merchants reducing the risks of chargebacks, fraud, or losing your merchant account.
No Experience Required
As a beginner, once you decide to become an affiliate marketer, you can learn from many resources and mentorship programs. Follow and learn their ways and start earning. All you need to have is an internet connection, a computer, and a positive mindset to want to start earning. Once you get started, you can learn on the job.
You Can Choose Which Product and/or Service You Want to Sell
With the digital revolution, almost everything you want today can be bought online. This has also given a great opportunity to affiliate marketers as you can now sell products or services of your choice and interest online. Almost all companies have affiliate marketing programs.
All you have to do is find the one that matches your abilities as that will give you an upper hand when you promote offers that match your interests.
As an affiliate marketer, you are selling other people’s products. You don’t have to create a product to sell. Consider yourself as the middleman here. You don’t need to worry about the physical stock, logistics of order, packaging, delivery, etc. You get to make sales and earn the benefits without having to deal with customers and employees.
Affiliate marketing takes all of these things away as once you make the sale, the merchant deals with everything from customer satisfaction to grievances.
What are your thoughts on this? Do you know some more tips on how to become an affiliate marketer or why you should be one? Please share in the comments section.