Can You Make Money With Affiliate Marketing? The short answer is yes; affiliate programs can earn extra money and even a full-time income from home. The long answer is a bit more complicated. Like any home income business, success comes not so much from what you choose to do to make money but from whether or not you do what needs to be done correctly and consistently.
Affiliate marketing is an ideal home-based business as it doesn’t require a lot of money to start, and you don’t have product inventory, stock or product shipping, or offer a service.
Basically, they pay you to refer new clients and clients to other companies.
The reality of affiliate marketing
The problem with affiliate marketing, like many other home business options, is the so-called gurus and get-rich-quick programs that suggest that affiliate marketing can be done quickly and with little effort. You’ve likely read claims from affiliate marketing programs that you can make hundreds of thousands of dollars a month doing next to nothing (“Three clicks to rich!”). Or, they suggest that you can set up your affiliate site and then forget about it except to check your bank deposits.
The reality in affiliate marketing is the same in other work-at-home businesses; there are some who are filthy rich, a good number who are successful enough to reach their goals, and a ton who are doing nothing. So the question is not whether affiliate marketing is a viable income option (yes, 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
As already mentioned, there are several aspects of affiliate marketing that make it a good home business option, including:
Low cost to start. Most affiliate programs are free, so their costs are generally related to your referral/marketing methods.
You do not need to create a product or service.
No need to store or ship products.
Work anytime, anywhere, as long as you have Internet access.
Passive income potential, depending on how you market your affiliate programs.
It can be added to your current family business to create an additional income stream. It’s great for bloggers, trainers, information entrepreneurs, and anyone with 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 necessary to generate income.
Affiliate kidnapping can occur when you don’t get credit for their referral. URL masking can help.
A bad affiliate can ruin your credibility. It is important that you choose quality businesses to work with to avoid this.
No control over the product, the service, or the way it operates.
Some companies are known not to pay, although there are ways to select and select quality affiliate programs.
High competition. When you find a great show, you can bet that many others are promoting it, too.
The customer belongs to the merchant. Your stats will let you know how many sales were made of each product, but in most cases, you won’t have information on who made the purchase, making it difficult to market for resale.
Before starting an affiliate marketing business, learn everything you need to do to make it a success. More importantly, if you decide to go into an affiliate marketing business or want to add affiliate marketing to an existing business, understand that it is not quick, automatic, or effortless. Like all home-based businesses, you need a plan and daily involvement to make money from affiliate marketing online.
In general, your chances of making money with an affiliate program are probably neither better nor worse than any other type of Internet-based business. Your success depends on how well you execute your affiliate business plan.