The pros and cons of affiliate marketing-without a degree
Want to try your hand at becoming an affiliate marketer? But first you have to know The Pros and Cons of Affiliate Marketing. Affiliate marketing is one of the biggest-boming online businesses on the web-statistics state that affiliate marketing industry enjoyed a whopping revenue of $6.4 billion in 2016 and is predicted to reach upwards of 7 billion by 2020.
Before you take that big step, take a look at the pros and cons of affiliate marketing and see if it’s a good fit for you.
Affiliate Marketing Pros
Work On Your Own Time
As with almost all home-based jobs, you get to be the master of your schedule. This means no more waking up at 7am in the morning and having to deal with an hour-long commute to the office. You won’t have to deal with a boss who’s always breathing down your neck or annoying co-coworkers.
There’s no office politics and being wrong because “the customer is always right”. You can actually make time for other important events in your life, such as attending your best friend’s birthday, your kid’s baseball game or having that weekly date night.
You’ll have the luxury of working at home and deciding when and how many days of vacation you can take. Being an affiliate marketer offers less risk of burning out and becoming jaded with work-related matters.
Choose What Interests You
Affiliate marketing is such a profitable venture that 84% of publishing companies offer affiliate marketing as a way to drive up their annual revenue and bottom line. What this means for you is that you can choose from a varied list of products and services that you can sell; in fact, you can choose a specific niche and still get to pick from a list of affiliated products to sell.
The great thing about affiliate marketing is that you aren’t limited to just one product. You can launch mulitiple programs at any given time as long as you have a platform (usually a website) for it. You can spread out diversify, choose different niches or manage all your products and find out the ones that are successful and the ones that don’t perform well. You can put together a unique affiliate portfolio that you can call your own!
Low Start Up Cost
Affiliate Marketing is different from other online money making opportunities because you won’t need a huge capital to get started. There are virtually zero barriers of entry to speak of! All you need to do is create a website, choose a niche and sign up for products that are related to your niche. Once you’re approved you can start creating content and promoting your affiliate product.
Running expenses are very low since you’re working from home. All you need is an internet connection and a laptop or desk top computer to start selling. You can spend more to streamline the design and get a theme for your website, but that’s just a non-essential option. Once you start making money then you can spend on additional operational cost such as hosting a domain, setting up your home office, marketing services, etc.
Many of us dream of making money while we’re on vacation, sleeping or when partying out late at night with friends, but very few platforms are able to do this. Affiliate Marketing, when done right allows you to earn profits no matter where you are and what you’re doing. It’s a proven money making method that you can trust on to giving you money 24/7, thanks to the always-nature of the internet. Once you’re well into selling products without any manual input, you can do other things such as creating a new affiliate platform or investing in other online endeavors.
Earn As Much As You Want
The sky’s the limit on profits with affiliate marketing. What’s more, there are different ways on how you can promote an affiliate product. ie,PPC campaign, email marketing, blogging or create a landing page. You can utilize exististing platforms that get a lot of traffic such as Quora, social media sites, ie, Facebook, Linkedin, etc. The beauty of it is that you can create a highly customized campaign that combines all these options for earning with an unlimited ceiling.
With time, you stand to gain experience and have an understanding of which marketing methods sell and which ones don’t. You’ll be better at it, which equals better performance and of course, more income. All that hard work eventually pays off if you stick with it.
Affiliate Marketing Cons
You Don’t Have Your Own Brand
You’ll be mostly selling other brand’s products and services thru affiliate marketing, which means that you can’t establish a unique brand for yourself. If one of your main objective is to create a name for yourself, then affiliate marketing isn’t the best platform in that regards.
Freelance Isn’t For Everyone
Sure, you work at home and you have your own schedule, but you won’t have someone to look over your back or push you into action. Motivation and the desire to succeed will have to come from within, or else you lose focus and settle into inaction. You can counter this by adopting a work mindset and set up a home office where you can go each day. Don’t forget to socialize and go out once in a while for your health and well-being.
You’ll find that much of the competition will promote their affiliate products using any means possible. A lot of these sites deviate from the truth and advertise their products like it’s the best thing ever. There aren’t rules that govern how affiliate marketers should market, and this lack of guidelines become detrimental to the industry as a whole. It’s easy to fall in and to copy the strategy to make quick money, but you should be careful and use it as sparingly as possible.
Competition gets fierce on well-established niches and the most popular ones, so you better have a sound strategy or else choose a different one. Beginners should stick with a less-crowded platform so they could get their feet wet without increased risk of failing. There’s quite literally thousands of niches and affiliate products to choose from, but that doesn’t mean you should do it halfheartedly or risk losing to your fellow niche product sellers.
Conclusion of: The Pros and Cons of Affiliate Marketing
Ask me and I say there is a lot of benifit to start an on line buisness. If you are interested in learning how to create your very own online business with the training and support you need, then look no further and get going for FREE Here.