Can You Really Make Money with Affiliate Marketing?
Can you
make money with affiliate marketing? The short answer is yes, affiliate
programs can earn a extra money and even a full-time income from home. The long
answer is a little more complicated. Like any home income venture, success
comes not so much from what you choose to do to make money, but whether or not
you do what needs to be done correctly and consistently.
The Reality of Affiliate Marketing
The problem with affiliate marketing, like many other home business options,
are the so-called gurus and get-rich-quick programs that suggest affiliate
marketing can be done fast and with little effort. Odds are you've read claims
of affiliate marketing programs that say you can make hundreds of thousands of
dollars a month doing almost nothing ("Three clicks to rich!").
Or, they suggest you can set up your affiliate site, and then forget it, except
to check your bank deposits.
The reality in affiliate marketing is that it's like most other
work-at-home ventures; there are a few who are filthy rich, a good number who
are successful enough to meet their goals, and a ton who aren't making
anything. So, the question isn't really whether or not affiliate marketing is a
viable income option (it is), but whether or not you can make
affiliate marketing work for you. Only you can decide that. But to help, here
are some tips.
Pros of Affiliate Marketing
There are several aspects of affiliate marketing that
make it a good home business option including:
·
Low
cost to get started. Most affiliate programs are free to join, so your costs
are usually related to your referral/marketing methods.
·
No
need to create a product or service.
·
Don't
have to stock or ship products.
·
Work
anytime and from anywhere as long as you have Internet access.
·
Passive income potential, depending on how you market your
affiliates programs.
·
Can
be added on to current home business to create an additional income stream.It's ideal for bloggers, coaches, information entrepreneurs, and anyone who has a
website.
Cons of Affiliate Marketing
There are challenges to making money from affiliate
marketing, such as:
·
It
can take time to generate the amount of traffic needed to result in income.
·
Affiliate
hijacking can occur in which you're not given credit for your referral. URL
masking can help.
·
A
bad affiliate referral can ruin your credibility. It's important that you
choose quality businesses to work with to avoid this.
·
No
control over the businesses' product, service, or how it does business.
·
Some
companies have been known not to pay, although there are ways to screen and
choose quality affiliate programs.
·
High
competition. When you find a great program, you can bet that many others are
promoting it as well.
·
Customer
belongs to the merchant.Your stats will let you know how many sales where made
of what product, but in most cases, you'll have no information about who made
the purchase, which makes it difficult to market for re-sales.
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