Affiliate marketing is a concept that eludes many people.
HUGE BENEFIT of affiliate marketing is just how scalable it is. If you create a single web page selling the merits of an affiliate product, then you can start profiting from it within hours.
Here are two reasons why you should consider doing affiliate marketing:
Low-cost and low-risk
Starting a business means incurring upfront costs for products, employees, equipment, rent, and so on. This makes it risky and expensive. With affiliate marketing, all you need is a website. Even if it doesn’t work out, all you’ve wasted is time and a little bit of money.Easy to scale
A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many different companies and earn commissions from all of them.
THERE IS NO LIMIT ON HOW MUCH MONEY YOU WILL MAKE. It depends on your niche and the amount of work you put in. The most successful affiliate marketers make six or seven figures a month. For example, Pat Flynn from Smart Passive Income made over $100,000 in affiliate commissions in December 2017. Ryan Robinson, another affiliate marketer, reported over $19,000 in affiliate revenue in October 2019. Another successful affiliate website—The Wirecutter—made an estimated $10 million in revenue, and was eventually sold to the New York Times for $30 million. Keep in mind though that these people have done an excellent job building their brand.
YOU NEED TO MANAGE YOUR OWN EXPECTATIONS. YOU WON'T EARN THE BIG BUCKS RIGHT OFF THE BAT, BUT DON'T LET THIS DISCOURAGE YOU. THE SUCCESS OF OTHERS TELLS YOU THAT WITH HARD WORK, TIME, AND THE RIGHT KNOWLEDGE, YOU TOO CAN POTENTIALLY REACH THOSE LEVELS.