If you are looking for a way to make additional money, in a way that is creative, yet, you will not have to go through the time-consuming process of creating your own products, affiliate marketing may be just right for you. Fundamentally, affiliate marketing is the process of sending potential consumers to another company’s product or service and then collecting a commission when a purchase is made for that individual product or service.
This can be done on a part-time or full-time basis. It all depends on how much time you are willing to put into it, and also, the degree of your market reach. It will give you the opportunity to add value to the people you choose to market to, as well as, being a fun, yet, honest way to make additional money.
There are endless products to choose from and a variety of ways of to market these products. You can choose to market anything from eBooks, to webinars to exercise equipment and you can market them, either by, the pay-per-click method, marketing campaigns via programs like Google AdWords or on the social media sites, or niche marketing through your own authority website. Choose the method you feel best suits your comfort level, budget and time commitment.
One of the most attractive advantages of affiliate marketing, is that you do not need to take the time to produce your own product. If you choose a product that will add value to your market and will help them, they will be very thankful and you will easily be able make the sale.
The most important thing here is congruency. You want to make sure that the product you are marketing appeals to your audience and you have informative articles on your website that will, in turn, direct them to your affiliate links. By clicking on these links, they will be sent to a site where they can immediately make a purchase and you do not have to worry about shipping anything.
Another method used for promotion purposes, is to include your affiliate link in emails and newsletters. Just remember to disclose the fact that it is an affiliate product you are offering.
Keep in mind that there are a few drawbacks to acknowledge with affiliate marketing. Primarily, you do not own the product, so you have less control over how much you will make. The commission rate is set for you and is only a percentage of the cost of the product. When you create your own product, you have the ability to make 100% of the sale.
If the company who created the product goes out of business, you will no longer have the opportunity to offer that particular product. Nevertheless, with the vast array of companies offering affiliate programs, you should have no problems finding new products to offer.
Affiliate marketing is very attractive, especially in a time where information and advertising surrounds us. It is a flexible way to make extra money, with very little financial risk. If done properly, you can create a win-win circumstance for you, your market and the product owner. Make sure you pick a method, make a plan and then consistently execute it. Do you have the patience and motivation it takes to become a successful affiliate marketer?