There are many reasons why you should take affiliate marketing seriously, and utilize it as a revenue stream in your business.
And, RIGHT NOW is the best time to get started!
“I sat around for years watching others make money online, too scared to do to myself.” Says Anna, who waited nearly a decade before she set up her affiliate revenue stream and started earning. Don’t be scared of what could go wrong like Anna, think about what could go right.
The sooner you get started, the sooner you’ll go through the learning curve and get into the money-making stage. Because I’m not going to lie to you and say it’s easy….. it isn’t.
Many affiliate marketers fail in the first year, but many go on to make six-figure incomes.
I’ve thought about this a lot. My view is: that successful affiliate marketers just never give up, even if they have failures.
Unsuccessful affiliate marketers give up after a few months when they don’t see the pot of gold immediately and they don’t have the drive to keep going.
So, if you’re a determined person, willing to keep working and learning, affiliate marketing is for you. If that sounds like you, here are the 7 reasons why you should take affiliate marketing seriously this year.
7 Reasons To Take Affiliate Marketing Seriously This Year
1. It’s Cheap Or Free To Set Up An Affiliate Marketing Revenue Steam
You can sign up to and start promoting products from big affiliate programs for free. Some of the big affiliate programs are; ShareASale, Amazon Associates, Awin, and CJ, to name a few and are all free to sign up as an affiliate.
Alongside finding an affiliate product to promote, you will need places to promote your products. This can be done via your own website. It’s super easy to set up a website and costs only a few dollars a month in the first year. Check out my step-by-step guide on how to set up a money-making blog.
If you don’t want to set up a blog, you can start affiliate marketing for free on your social media accounts.
And you can leverage social media to help promote your offers which is free also!
You can choose one social media platform at the start and then branch out. The most recommended sites to use as an affiliate are; YouTube (1 billion hours of video watched daily), Facebook (1.62 billion users daily) and TikTok.
2. It’s Fast To Set Up
One of the biggest reasons to take affiliate marketing seriously is that it’s an extremely fast business model to set up. After you’ve chosen an affiliate product to promote and your chosen social media channels to promote on, you can literally be up and running in a few hours.
Unfortunately, it might take a little longer for the profits to roll in, but if you take consistent daily action, it’s entirely possible to see some profit in a few months.
Of course, we all have varying work ethics and time to focus on affiliate marketing, but some affiliate marketers have been able to make a full-time income from affiliate marketing in less than a year.
3. Affiliate Marketing A Simple Business Model
Simply promote a product you love and know will help people and when someone buys through your link, you get a commission. Simple right!?
You don’t need to have any knowledge of currencies, manufacturers, shipping logistics or anything like that.
A 16-year-old school student or a 70-year-old retiree can create an affiliate marketing business. There are no barriers to entry except if you don’t believe in yourself and are not willing to take action.
4. Affiliate Marketing Is Low Risk
Gone are the days of having to invest thousands in renting a store, paying monthly bills, and buying lots of stock that might not even sell. There were always a lot of risks in starting up businesses that way.
But this is why owning an affiliate marketing business is a great option, as it allows you to promote other people’s proven products.
5. Flexible Work Hours And Work From Anywhere
A big reason to take affiliate marketing seriously this year is, of course, to take back your time and not be a slave to the 9-5.
Work from the beach, from a cafe, from home or take your laptop on the road and be location-independent.
You can run your affiliate marketing business from your laptop and you can work in the morning, afternoon or evening – it’s totally up to you!
Affiliate marketing also lets you be flexible with the type of work you do to promote your business. Some marketers will focus on producing videos, some will focus on Facebook and some will lean more towards writing and building a blog.
There really is no right or wrong, it’s possible to build a super-profitable affiliate marketing business using all these methods.
6. Big Profits Are Possible
If the value of the product is high ticket $1000+, you can see how lucrative it can be.
Martin Lewis (the Money Saving Expert) created his website helping others save money for $100 around 10 years ago and the last I checked he was making around 1.5 million a month in affiliate commissions!
Absolutely crazy right?
This is an extreme example, of course, not everyone will create profits to that mega-scale, but many earn $100-$1,000 a day which is pretty nice.
7. It’s Extremely Scalable
When you are considering why you should take affiliate marketing seriously, or any other business venture really, you should consider the possibility of scalability. If you don’t scale, you’ll never know what you can truly achieve with your business.
Affiliate marketing is a scalable business and as soon as you start making some profit, you can push a portion of that back into the business by running Facebook ads, getting a mentor or taking an affiliate marketing course, creating your own course or adding new, high ticket offers to your arsenal.
How To Start Taking Affiliate Marketing Seriously As A Beginner
Now you know the reasons to make affiliate marketing a serious part of your business, you need to give yourself the best chance of success by reading and learning how it works.
It’s a good idea to get yourself some basic knowledge by reading as much as you can about affiliate marketing.
Recommended affiliate marketing tutorials:
- Learn affiliate marketing: Ultimate Beginner’s Guide
- How to start affiliate marketing with no money
- How to make a full-time living from affiliate marketing