It is no news to anyone these days that starting an online business is tough. Sourcing for starting capital, developing website content and hiring the right set of team members to work with can be a very arduous process. Affiliate marketing is an ideal business venture for an entrepreneur who is looking to start an online business but has little resources to start off.
Below are reasons that should get you thinking of starting an affiliate marketing business in this new year:
- There are no product development costs: The cost of developing a new product is quite expensive. However, you don’t have to worry about the cost of product development as an affiliate. Selling your own products as a business owner takes a lot of time. The merchant takes care of product creation and development. Because of this, you as an affiliate marketer can start making money online by joining the affiliate program of the merchant(seller). All you have to do is refer people to the merchant’s website via your website, email ads or social media platform. Depending on your deal with the merchant, you get paid per successful click, lead or sale.
- It is a sure way to gaining professional independence: This is another great incentive. You are your own boss! You get to choose your working hours. You don’t need an office. You can work from any location at any time. All you need is a stable internet connection and your computer.
- Merchants handle most of the processes involved in the sales: customer service, products’ shipping, they provide all the tools needed for marketing and they also collect money for sales of products. The only job of an affiliate marketer is to refer traffic to the merchant’s website thus, promoting sales.
- Another benefit of affiliate marketing is that marketers can choose what products to capitalize on to make money from. Affiliate marketers are able to choose what products they want to promote, depending on the current market and make sales around it.
- Most merchants allow affiliate marketers to join their affiliate programs. There are usually no restrictions or qualifications required to become an affiliate for a merchant. This allows you as an affiliate marketer to join as many affiliate marketing programs as you want. Thus, allowing you make money from multiple merchant sources.
- Financial Independence: As an affiliate marketer, you can make as much money as you want to make through commissions received from the merchant. Depending on your business agreement with the merchant, you can make commissions per click, per lead or per sale on traffic directed via your referral link to the merchants’ website. The percentage commission offered on each sale varies from one merchant to another. It may be as little as 3-5% or as much as 50% or higher in some cases. This percentage may depend on the volume of sales generated via the link of the affiliate marketer. There is no limit to how much you can earn. The only limit to your earnings is YOU. You can earn as much as you want as long as you put enough effort and time into it.
- Low-cost set-up: There is a minimal cost of becoming an affiliate marketer. All you need is a computer connected to the internet and well, your time. You’re in business!
- You can track how much sales have been made via your affiliate link. You can calculate by yourself your expected earnings. There is transparency in dealings between the merchant and affiliate marketer. It is hassle free!
- Affiliate marketing is an effective way to making passive income. You can earn money even while you sleep. You don’t have to be at your desk for long hours facing your computer. You can keep making money when you take work breaks when you go to have lunch, anytime at all!
- Everyone’s doing it: The affiliate marketing business is an effective avenue of making money and gaining real marketing experience. Anyone at all can become an affiliate marketer. You can too!
10 media group is an affiliate network that links up the merchants (sellers) with the publishers (affiliate marketers). To join our affiliate network, please click this sign-up link. We all at 10 media group wish you, our esteemed partners a happy new year. We look forward to working with you.