If you are interested in working flexibly from your laptop, affiliate marketing might be an option. With many products online for affiliates to promote and many ways to promote them, it is a very flexible business model that can give you time and financial freedom. Although initially many affiliates struggle to make sales. It is a process to learn the skill of marketing affiliate products. However, if you are determined to learn that skill, it can serve you well for the rest of your life.
Once you are successful as an affiliate, you can live anywhere, work on your own, and never need another job or employee again. This is a great “prize” and worth working for. But many drop out before reaching the point of making a single sale.
The affiliate marketing learning curve can be steep and there are no guarantees. You will have to sell something before you can do anything. So if you’re desperate for money, it’s probably not something you need to rely on for immediate income. But if you really want to generate income from the internet and are willing to put in the effort, the rewards can be great.
There are many ways to do affiliate marketing, and depending on your own circumstances, you can choose one of several strategies or choose a couple. However, the general advice is to choose a marketing strategy and stick with it for the long term until you gain traction. Jumping from one strategy to another can mean that you are squeezing yourself too much.
Any strategy can be difficult, so it is a good idea to stick with one that you are comfortable with. Blogging or content marketing is a slower strategy than paid marketing. Some affiliates will invest in high-priced programs and then use paid marketing to build and scale their business fairly quickly. This requires much more investment than someone who wants to use free programs and generate traffic through blogging, for example.
Depending on your own particular circumstances, you can choose a strategy that suits you and your budget. However, free marketing strategies can take much longer and require a lot more work. Blogging or creating videos are two of those strategies. When uploading a video to YouTube every day or creating a blog post, you shouldn’t expect a lot to happen in the short term. But after months and years of doing this, you can make a good passive income by promoting affiliate products through your content.
Over time, your content will grow and the videos and posts you wrote years ago can still earn you income. As your content volume increases, you should see your revenue grow from sales as well. This will also depend on a number of factors, of course. Depending on your topic and your ability to create useful and interesting content, this can take several months or even years before you see regular traction on your online business.
A much faster method is to use list building and paid marketing. With list building, you build a list of email subscribers and send them regular emails via auto reply. As your list grows and you build relationships with your subscribers, they must know, like, and trust you. You monetize your email list by providing useful affiliate products that will be valuable to your subscribers.
However, initially, as an affiliate marketer, it can be difficult. With a list of only 90 people, it is much more difficult to make sales than with a list of 90,000 subscribers. In the early days, it can be hard to see this, and all you look at is the lack of sales you’ve made!
Therefore, affiliates need to be patient and understand that they are building a business. However, many affiliates don’t see this and quit too soon. Before even building a 1000 subscriber email list, they declare it “not working” and quit!
A good affiliate marketing analogy is looking at the Chinese bamboo tree. A Chinese bamboo tree grows underground for 4-5 years before something breaks the surface of the soil.
Once it goes through the ground, it can shoot up to 90 feet high in a six week period.
Affiliate marketing is very similar. The gestation period can be months or years. This is the most difficult time for affiliates because they have no proof that their business is working.
There are also other ways that you can optimize your traction with an online affiliate business. For years I struggled with affiliate marketing because I did not know this. I joined the Amazon and eBay affiliate programs and worked hard creating content only to do next to nothing!
Later I found out about digital products that paid a lot more in terms of commissions. Amazon, for example, country 1 to 11% commission on a product sold by an affiliate. Digital products tend to pay much more and often 40% to 100% in some cases.
Digital subscription products also offer the affiliate a greater opportunity to earn regular income from a small amount of sales. As a beginner, subscription affiliate products are definitely worth using. These are things like memberships and software products used by the online businesses themselves.
A subscription product can allow a relatively new affiliate to start earning regular commissions much more quickly. Since getting your first commission is the hardest part initially, subscriptions give you an added bonus and help you achieve more stability with the same amount of work.
High-priced products are another consideration for affiliates, too. With a high-priced digital product, you can earn much higher commissions for a single sale. A $ 100 product, for example, might offer you a $ 40 commission. While a $ 1000 product will give you a good $ 400 payday, which often equates to the same amount of work.
It’s also worth joining an online community and getting the help and support of mentors, if you’re going the affiliate path. With a mentor, you have support and guidance. In those times when you want to quit smoking, they will get you back on track and support and help you. When it’s just you working alone, it can be very difficult when you’re not making much progress.