Why to Start Affiliate Marketing in 2020? [7 Reasons]
The online businesses have been making more and more people rich for so many years now than some other businesses on the planet.
In today’s time, it’s incredibly easy to start generating profits using online affiliate marketing.
You (“an affiliate”) act as the marketing vehicle for hundreds of thousands of products out there that need buyers.
As an affiliate marketer, essentially act as a salesperson who helps vendors or merchants sell their products that you believe in or have an interest in.
You can choose from literally millions of products, but there are no conventional “sales’ jobs involved in selling them.
Affiliate marketing is not a get-rich-quick scheme.
It takes time and patience to build a long-term and sustainable business.
Newbies usually doubt if doing this type of business is actually worth the effort.
Here are the top seven reasons to start with affiliate marketing if you ever wanted to launch an online business.
1. It’s a Billion-dollar Industry
Affiliate marketing is a billion-dollar industry that is growing stronger with each passing year.
The global digital advertising industry as of today is worth over USD 192 billion.
It’s a big incentive to get your share, isn’t it?
The 2017 statistics show that for every minute an estimated 650,000 searches were made on Google, over 700 videos were hosted on YouTube, over 700,000 status updates and 500,000 comments were posted on Facebook, over 65,000 tweets were made, and approximately 180 million emails were sent.
This tells us that the future has arrived and the future is digital.
2. It Offers a Secondary Source of Income
If you’re unfamiliar with affiliate marketing, it’s where you can earn passive income by promoting other companies or brand’s products.
All you have to do is find the right platform to promote the product, and you could earn a commission every time someone buys the product through your affiliate link.
The affiliate marketing offers an opportunity to make a passive income, which means you can earn even when you’re sleeping.
Wouldn’t it be great to wake up in the morning, open your laptop and just discover additional revenue in your account?
The fruits of your hard work.
3. You Can Start With Low Investment Costs
This method of making money online requires just a small amount of capital to get started.
You can sell other people’s products and earn commissions with literally zero costs.
Most of the affiliate programs today are free to join, so your costs will largely depend on your traffic generation methods.
You can leverage the power of social media
For example, you can generate free traffic through your affiliate links using only Facebook, Instagram or YouTube.
You could also get free traffic using websites like Reddit, LinkedIn or Quora.
As you start seeing the good results with free promotion methods, you can take a step ahead and come up with your own website which You can easily build one for less than $30 a year.
As You scale up and start generating more revenue with your business, you can try paid advertising using Google Ads, Bing PPC or Facebook advertising to generate more traffic to your website and ultimately more profits.
4. No Need To Quit Your Current Job
Launching an online marketing business doesn’t require you to leave your current job.
You can do it as a side project and see what you can squeeze out of it over the few first months.
Once you set up your website and promote your affiliate links, they’re available to the visitors 24 hours of a day.
Earn even when you’re sleeping
If any of your website visitors lands on the vendor’s website through your affiliate link and purchases the product even at 2.30 AM in the night, you’ll get paid.
You have all the flexibility to work for your online business from anywhere and anytime you want.
All you need is a laptop or a desktop and good internet connectivity.
Do you ever wish that you could travel more?
Whether it’s in the Bahamas or Hawaii with your loved one — you decide where your workplace is located.
You can work everywhere as long as you have, obviously, a laptop and an internet connection.
5. Not Having Your Own Product is Fine
If you start an offline business, you will need to think of a product or service, make prototypes of it, and test it and see how it fares in the market before you make money.
Even after all these efforts, there is no guarantee that you will make a profit or out of your business.
Before you start generating the revenue, you first need to pay off the amount you spent on product creation.
Effective and quality products usually take time to develop and sell. It requires trial and error on the part of the product owner.
No need to risk your capital
If you’re starting with a limited budget for product creation, the process may burn through your budget before you even reach your product launch date.
In order to launch an online affiliate marketing business, You’re not supposed to spend time creating your own product.
With Affiliate marketing, you can start a business with very low risk.
You are not required to risk your capital, time, and other types of resources on trial and error.
Instead, you only need to focus on the most important part of the process, the sale of the product.
6. Any One Can Start At Any Time
In order to launch an affiliate marketing business, you don’t need to have any prior experience.
You can learn about online affiliate marketing from online resources available for free on the Internet.
You can read free blogs or watch YouTube videos and learn from the experts.
If you find these methods complicated, you can join the affiliate marketing training or courses online.
No need to invest in promotional materials
As an affiliate marketer, you only need to focus on promoting the products or services of the seller.
You’ll not have to spend a lot on marketing materials or sales funnels.
Even with this part of the process, you don’t even need to do much because each company will create the marketing materials for you.
They have a full-time marketing staff who are responsible for creating the advertising materials like banners, text links and even email copies for you to use.
All you have to do is to present these promotional materials to your own website visitors, subscribers or to the followers of your social networking accounts.
7. Customer Support Is Not Your Pain
You don’t need to worry about customer service or product delivery.
Business owners need to provide the support
If you have your own business, you usually need to provide customer service to the buyers of your products or services.
After the sale, you have to facilitate the delivery of your product or service.
Even after this, you may still need to provide customer support to people who are having difficulties using your product.
Most of the time the businesses end up investing more in the staff and infrastructure which ultimately hits the profits.
Focus only on generating the sales
With affiliate marketing, you no longer need to go through this hassle.
Instead, the owners of the products and services are the ones who handle their delivery and the customer support process.
As an Internet marketer, you only need to focus on promoting the products of your interest and generate more sales.
If you do your job right, you will be able to help the people who follow your advice and the sellers of the products you promote at the same time.
Do you have any thoughts or feedback around affiliate marketing? Feel free to share in the comments below. :)
Originally published at my blog https://ebizopedia.com