Affiliate marketing is where you promote services or products sold by a company and when a sale is made, you get paid a commission. It’s often regarded as the quickest and easiest way to make money online. But it’s not a licence to print money. Let’s take a look at the advantages and disadvantages of this online business model.
The Disadvantages Of Affiliate Marketing
The biggest disadvantage of affiliate marketing is that at any time, for any reason, warranted or not, a company can stop you selling its products or services.
Undoubtedly you can make good money doing nothing but affiliate marketing. But because someone else is always going to decide what you get paid, when you get paid and even if you can be their affiliate or not, you should still look into developing your own products and services that affiliates can promote for you.
Not All Affiliate Programs Are The Same
Be careful which affiliate products you promote. Your reputation is on the line. Only represent products and companies that are trustworthy, provide great value, and always keep the customer at heart.
Also, it’s your job to find the customers. You have to be able to develop traffic streams. If you can’t get your affiliate offer in front of enough people, you’re not going to make much money.
The Advantages Of Affiliate Marketing
Firstly, it’s the fastest way to start an online business. You don’t need a product or service to get started. That means within literally minutes or hours of reading this article, you can be making money as an affiliate marketer.
All the customer service issues, payment systems and product shipping and delivery, are organized by the product owner. All you have to do is find an audience, pitch the offerings and if you successfully convince someone to make a purchase, you get paid.
It Costs Nothing To Get Started
You can get started with absolutely no money. This is because you can promote products and services on free blogging, website, video and social media platforms like YouTube, Facebook, Blogger.com and WordPress.com.
Anyone Can Do It
Regardless if you’re a man or a woman, how old you are, how much you know about online marketing, or any other particular demographic, anyone can make money with affiliate marketing when you know how to do it right. You can start your affiliate marketing business part-time, working it profitably for just a few hours a week.
There are countless numbers of products and services in just about every niche you can think of that can be sold via affiliate marketing. Find one that you’re passionate about, one that can change lives for the better, and you make money while helping people solve their problems.