In 2001, Forrester, an established research firm, predicted that sales from affiliate marketing would reach a whopping $53 million by 2005. Today, they predict it spending (including commission pay-outs) to exceed $3.47 billion by 2013. Therefore, you’d be crazy to not sign up as an affiliate marketer and make some money. After all, affiliate marketing is the wave of the future and it is going to be one of the most popular and lucrative careers in the next few years.
Here are some reasons why:
Affiliate marketing has low overhead and it doesn’t cost much to get started
Once you set up your affiliate campaigns, you can earn passive income and even more if you actively promote on a regular basis.
You can work at your own pace and your income is determined by your efforts.
In greater detail, the other advantages of being an affiliate marketer are:
Most Companies Provide a Great Support System
Companies realize that affiliate marketing is a specialized niche and there over 500,000 companies engaged in such marketing covering a wide variety of products and services. As such, companies make it easy for affiliates to succeed by providing them brochures, business cards, banners, high converting marketing letters or landing pages and other perks to help you make more sales. And for those of you just starting out, there are marketing conferences and seminars that you can attend that are run by experienced affiliates. Topics may include SMS text; display advertising, social media article and press release marketing, and more. So starting doesn’t have to be so scary after all!
Using Affiliate Programs Isn’t Confining
You can work… or not. You can take a 5 day vacation or work non-stop for the rest of the year. Such work will never confine you to a schedule other than one that is self-inflicted. The wonderful news about working as an affiliate is that eventually you get hooked and can’t stop because every step is different, results keep changing, and income can keep growing. Just remember that the most successful (six figure affiliates) are masters at choosing targets, matching them with incredible products and getting those targets to the products to get that sale!
It’s Not One of Those Get-Rich Quick Schemes
Affiliate marketing is not a scam. Instead, it is a tried and tested method to generate substantial income. However, you must remember that you will have to put in the work to yield results. You can’t just throw up a few banners and do nothing else. Instead, you have to market the products and services so they appeal to your target. You have to use the latest marketing methods available and stay on top of your game! By working aggressively, you will receive higher payouts.
Disadvantages of using affiliate programs
So, as you can see, there are some real advantages of working as an affiliate however this career is not for the faint at heart. Here are some of the issues that make it challenging:
No steady income. You ultimately determine whether you succeed or fail.
You need to be computer literate and willing to learn. You will have to use online and offline marketing strategies to your benefit.
It will require patience and dedication. You won’t get rich overnight but if you learn how to market effectively, you will make a great income.
Your income can be slashed if your customer requests for a refund so choose your products carefully. Simply put, some products stinks – only choose the best one to lessen your chances of not making sales.
You will need to set up your own website specifically for Pay Per Lead and Pay Per Click marketing purposes. Not every sales page converts so you might really have to learn how to write a conversion copy if you want to make sales
In conclusion, it is up to you if the benefits of affiliate marketing sound practical and feasible for you. But if you plan to try your own affiliate shoes, you can look for a reliable affiliate network organisation that will help you achieve your goals.
For the end, whether you choose affiliate marketing or not, the result will almost always depend on how you run your new business. Because at the end of the day, it’s your output that will ultimately determine the amount you make.
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