Everyone dreams of waking up in the morning and working from home in their pajamas. Believe it or not, this is the lifestyle that many people have with their affiliate marketing online business.
It also allows you to work from any place that has an internet connection. Many successful marketers are travelers that travel from place to place or to different countries, all the while working their online business.
If you think about, this is the simplest way to earn an income online possible in my opinion.
Online Business Had Virtually No Overhead
When the internet was in its infancy, it was simple to set up a website with some software and get traffic to it. You could also set up an e-commerce shopping cart and sell products.
Drop shipping became popular and many mom and pop shops were born selling everything from crafts to high end appliances. The big retailers hadn’t yet caught on, so this was a great opportunity to run a business from your home.
Hosting was cheap, SSL certificates weren’t needed, fraud was not yet a problem and advertising with Google to drive traffic to your website was reasonable.
Starting an online business was much actually enjoyable!
Then Earning An Income Online Became Harder
As time went on people became more comfortable signing up and purchasing things over the web. The money was flowing!
Now the big retailers started to take notice and the bigger players were upping their web presence to get a cut of the billions of dollars being spent online.
They spent millions on technology to develop websites that customers would feel comfortable shopping at. The smaller e-commerce providers were having a hard time keeping up.
Advertising networks, such as Google also saw the opportunity to raise the rates they charged for keywords. Now it became more expensive and out of reach for smaller retailers to market their products.
Affiliate Marketing Online Business Advantage
Many online business were looking for ways to market their products. Affiliate marketing offered just such a way, and it wouldn’t cost the merchant anything upfront as far as costs go.
One of the biggest online retailers, Amazon made affiliate marketing a household name. You could send traffic to their site and when a purchase was made from your referral, you would earn a commission.
As time went on, more and more companies set up affiliate programs. Affiliate networks were born as well.
So as you can see, this was a win-win for both merchants and affiliate marketers.
Growth Of Affiliate Marketing
This is an industry that is showing no signs of slowing down!
With so many people looking for a low cost way to earn an income online and the need for merchants to have a cost effective way to sell their products, the growth is only going to continue.
As time goes on though, starting an affiliate marketing online business is only going to get harder as the competition heats because of the low cost barrier of entry.
So, now is a great time to get started.
Current estimates put the industry around 3 billion in affiliate sales worldwide. That’s not too shabby of a figure. With that said, it is also estimated that by the year 2020, affiliate sales will almost double 6 billion.
Is This Online Business Right For You?
Let’s think about this for a minute.
If you were to go out and start a regular brick and mortar business such as a pizza shop, gas station etc., you would have to lay out hundreds of thousands of dollars just to get started.
On top of that, you would need to have employees and you may have to work 12 hours per day up to 7 days per week.
With an affiliate marketing online business, you can get started with just a laptop and internet connection. Most people already have these at their disposal.
But the biggest ingredient to success is going to be you!
Although it may be your dream to work from home, running an online business as an affiliate marketer will be a grind. Persistence and the ability to structure your day in order to get things done, will make or break your business.
When you have a 9 to 5 job, your work day is structured for you and you have a set amount of hours that you have to work. You usually will also get a regular paycheck.
Running your own online business will still require a daily schedule and you may not get regular pay. What you do gain is the ability generate as much income as you desire based on the effort you put into it. Plus the ability to work from home around your family activities.
Affiliate Marketing Residual Income
This should be the goal every affiliate.
What is residual income you might ask? Let me explain.
Typically when a visitor follows one of your affiliate links and makes a purchase, you would earn a commission. Now with residual income affiliate programs, when the customer makes a purchase, you would keep getting paid over and over again from that same sale.
Some examples of online residual income programs:
- Membership sites
- E-commerce sites
- Credit card processing
- Web hosting
So, now you get a feel of how residual income works, how can it benefit the affiliate marketing online business?
Steady income. Do the work once and earn over and over.
One of my favorite residual income affiliate programs is Wealthy Affiliate. Not only do you learn affiliate marketing, but you also earn residual income from all your referrals.
In my opinion, having an affiliate marketing online business is one of the best ways to earn an income online.
It can be started on a shoestring budget with just a blog. As time goes on, you can experiment with other advertising methods such as pay per click, banner ads and landing pages.
Keep in mind though, most of the successful affiliate marketers never gave up, and had the perseverance to keep going even when they didn’t see any results for months at a time.
So, if your going to start business online as an affiliate marketer be prepared to put in the work, to reap the benefits!
Feel Free To Leave Comments Below: