In today’s post I will give 5 reasons to start an Affiliate Marketing Business in 2018. First I will give a brief explanation on what is Affiliate Marketing for the ones that are yet not familiar with the term.
Affiliate Marketing – What is it?
As an Affiliate Marketer you promote already existing products, e.g. by writing reviews about it, sharing it on social media channels etc. Whenever someone is buying the article, because he/she was brought through your affiliate link to the merchant’s website you will receive a commission.
Merchant offers product ABC <-> Product ABC is being promoted by Affiliate (You) <-> Customer buys the product (You receive commission)
This is a simplified example and should help you understand the process of Affiliate Marketing.
There are different compensation methods for Affiliate Marketing
The most common way affiliate programs nowadays grant you commission is by pay per sale (PPS), but there are also methods like cost per action (CPA), cost per click (CPC), or cost per mile (CPM).
The meaning of each of these terms is for now not very important to you. Most important is that you get to know the reasons to create your own Affiliate Marketing Business in 2018.
Let’s check it out!
1. Work From Wherever You Want
The first good thing about Affiliate Marketing you have to know is that you can work from wherever you want. It can be from your couch at home, it can be in a co-work space, it can be while traveling the world. Possibilities are endless.
You only need a laptop and a good working internet connection. As an Affiliate Marketer you most probably will build your own website and write content / reviews about niche-related products. This is luckily something that does not require you to be in an office and allows you to have the flexibility to work from wherever you want.
It’s great, isn’t it?
2. Be Your Own Boss
That’s what all of us have already dreamed of at least once – being your own boss at work. Affiliate Marketing is a good way to achieve this goal and to stop working in a 9-5 job which takes all your spare time.
Being your own boss at work means also that you are flexible with working hours. Are you enjoying to sleep longer in the mornings and work more at night? Or do you want to work only 4 days a week to have more time for your family? As an Affiliate Marketer you will have the chance to decide for yourself when to work and when to do other things.
Of course this requires some kind of self-control. Without making effort and working for it you most probably also won’t get to your desired outcome.
3. No Investment Needed – No Risk Included
That’s one of my favorite aspect of affiliate marketing. In the beginning, I was always afraid to launch a business because I thought I have to invest a lot of money which I could lose.
With Affiliate Marketing you don’t invest your money and thus you don’t have the risk to lose it. The only money I spent was for an online course to learn about how to build my own website to make a full-time income online.
If you are also interested in how to build your own website and make a living with Affiliate Marketing, check out my #1 recommendation: Wealthy Affiliate.
4. Possibilities Are Endless
One of the big advantages of Affiliate Marketing is that the possibilities are sheer endless. The internet offers an infinite number of products and many of them have affiliate programs. There are even Affiliate Networks, e.g. Clickbank, ShareAsale, Rakuten or Amazon Associates which are made to simplify your search for affiliate programs.
Every product you promote as an affiliate gives you the chance to earn money. Given the fact that there are millions of articles to promote I don’t have to tell you the chances to earn (a lot of) money with it.
5. Create Passive Income And Financial Freedom
Affiliate Marketing generates passive income which means that you will receive money recurrently without having to make a big effort maintaining it. With time, you will become an authority in your niche and your income created by Affiliate Marketing increases. This can lead to financial freedom and you can reinvest the earned money in new business ideas or whatever you would like to spend it in.
That’s it for today, I hope you enjoyed the article. Last but not least I would like to know what’s your favorite reason to start an affiliate business in 2018? Do you have another good reason why you want to become an Affiliate Marketer? Please share you comment in the section below.
Thank you! =)