We know that many online money making methods exist such as participating in surveys, MLM marketing, bitcoins, stock trading and many others… However, Affiliate Marketing is by the far the most stable and best ways to generate revenue if you don’t own your own business.
What is Affiliate Marketing?
Affiliate marketing is when you promote another company’s products and gain a commission based on each product sold. The percentage amount of commission varies depending on the company, and there is certainly an affiliate program for most products on the internet. The biggest companies with high paying commission affiliate programs include:
Benefits of Affiliate Marketing
One of the biggest advantages of Affiliate Marketing is you can work from home, based on the fact you have a computer and internet connection. Affiliate Marketing can basically be compared to a real life job, such as an retail assistant or waiter. Whilst those jobs have a fixed earning rate, with set hours per week, they probably do extra work like stock counting, register manning and store cleaning etc. Affiliate marketing will come down to how well you promote the product, where you promote the product, and how many customers buy the product. The more effort you put into building the business, the more limitless the potential on how much money you can make.
How do you promote the products?
There are many ways of promoting the products chosen. After you sign up with a program and choose a product, you obtain an affiliate link that would generate you commission upon purchase of the item.
Although not recommended, most lazy people just grab those links and place it on YouTube comments, their Facebook statuses, hoping for people to buy the product.
The best way to go is to start up your own website, create interesting blogs and posts related to the niche of the product; the interesting content will attract customers and will create higher product purchase rates.
Wealthy Affiliate is the All-In-One program that will teach you to do so, strongly recommended by me and you can read the review for it here!
Disadvantages of Affiliate Marketing
The biggest downfall of Affiliate Marketing will ultimately come down to yourself. If you aren’t willing to put hard work on your site, there will be no traffic and no sales. Also, as you promote the product to the best of your ability, you should know the product more than your audience. This comes down to you and your time of research and absorbing knowledge, whether is be from the internet, books or people around you. Ultimately, time is of the essence.
In conclusion, Affiliate Marketing will always be my most recommended way to making money online as it is flexible, stable and reliant on work ethics. The best of all, the earning potential of affiliating products is limitless as long as the hard work and motivation has been put in. Wealthy Affiliate is the BEST program that will teach you how to start up your own site and generate traffic and sales, you can sign up below or read my review here!