The internet has become more and more popular as a place to make money. With this trend has also come a rise in the popularity of affiliate marketing.
Affiliate marketing is very beneficial both for merchants and affiliate marketers. It is a popular method to earn extra income and also helps the merchants to increase their sales.
It is the cheapest business to start out with on the internet, that can result in some good profits. However, like most other money-making opportunities online, affiliate marketing has its advantages and disadvantages.
Here are just a few of the ‘Pros’ and ‘Cons’ of Affiliate Marketing to get a better idea how it all works.
PROS
Let’s be honest. A professionally put together product that comes from someone who already has a high degree of credibility makes it relatively easy to sell. This is why top Internet Marketers still promote affiliate offerings to this very day (while also making some serious money with their own products) because it’s relatively easy money with minimal effort required.
*Cost Effective: – $12 for your own domain name (e.g. Namecheap.com, or Godaddy.com renewed yearly) and less than $10 a month for good quality hosting using sites like HostGator.com or BlueHost.com to host your own WordPress-powered site.
*Passive income- Affiliate marketing is a great source of passive income. A lot of affiliate marketers use it as a secondary source of income while still working at their regular 9 to 5, or whatever it may be.
*Flexible: Simply set aside a few hours each week to nurture and grow your online business (after a little effort setting up of course)
*No Need to create a product: One important benefit of affiliate marketing is that you are not required create or produce any products. It is the duty of merchants to create the products. So you are only required to select the products to sell, get the affiliate links and start promoting. You can focus on selling the product as you don’t need to do any thing with the production or delivery of the products.
*Scalable: As your knowledge increases, quickly and easily ramp up your earning potential, finally allowing you to live the lifestyle you’ve always yearned for, for you and your loved ones.
CONS
While affiliate marketing is certainly easier than attempting product creation together with the sales funnel and mega launch… it’s no walk in the park either. The simple fact is that you do have to proactively promote your site, keep the content fresh and relevant, always over-deliver in real value, and ensure that your affiliate offerings have a deep association to the targeted niche.
* It Will Take Time: There is no magic you will not make money overnight. Affiliate marketing is not a get rich quick scheme.
* Honest Effort: You are growing a real business, not just entertaining some hobby. For example, you will need to apply reasonable effort to get the word out about your site. Otherwise, the chances of people even finding your site are slim to none (much closer to none, actually).
*Competition: If it is easy to sign up for an Affiliate Program, then it is easy for everyone, therefore there could be thousands of affiliates for the same program across the globe and the level of competition could be high.
* Learning Curve: Promoting your properly-designed Sales Funnel is what ensures a steady affiliate income. For example, you will want to stay on top of the best organic SEO practices, so as to naturally raise your Google search engine ranking position. This can be quite time consuming at first.
The key to becoming a 5-figure a month Super Affiliate is perseverence and a bit of hard work. Furthermore, it will always start and stop with mastering simple yet powerful proven Traffic Funnel strategies that attract the right customers to your site, which will massively increase your odds of meeting your ideal monthly earnings.
What are some more pros and cons of Affiliate Marketing?
Comment below, and let us know 🙂
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