The list of reasons to do affiliate marketing and the benefits of it are nearly endless.
Below are 10 reasons you should start affiliate marketing right now.
NO BARRIER TO ENTRY
Creating your own products takes a lot of time and money. These are huge barriers for most people. But, there is no barrier to start affiliate marketing.
You can literally sign-up today to promote affiliate offers and begin promoting them tomorrow. With little or no cost to you and a minimal investment of time.
NO HIDDEN COSTS
When you sell your own products, you can be blindsided by the hidden costs. OUCH!
Credit card processing, hosting, customer service, copywriting, sales page design, tech people, paying affiliate commissions…the list goes on and on. Expect to pay at least 50% of your revenue in these hidden costs.
With affiliate marketing, though, you get to KEEP all of your
If you set out to create a physical product, there is an inherent risk. Most of your expenses are front-end expenses, meaning you pay them whether you make any money or not. With affiliate marketing, on the other hand, you typically have little frontend expenses (or none at all). YAY!
When you make an affiliate sale, you don’t have to do anything. The product owner handles all the fulfillment. That means there are NO emails to send, NO refunds to process, NO logins to reset, and NO customer service. You get to serve your tribe without all the hassle. Easy peasy, right?
YOU GET TO MONETIZE NOW
Selling your own products takes a LOT of time. Time to learn what people want. Time to package the product (physically or digitally). Time to create marketing materials. It takes time, time, time. Unlike your products, however, you can start monetizing your platform from day one with affiliate marketing. That’s exactly what I did. I made more than $134,000 in affiliate commissions before I ever sold a single thing of my own. Businesses monetize. Hobbies give away content indefinitely. Are you running a hobby or a business?
IT SERVES YOUR AUDIENCE
Promoting affiliate offers serves your audience by filling in the gaps in your own product offerings. It allows you to help your audience in areas where you aren't the expert or don't want to be. Or where you have no intention of creating a product.
YOU LEARN WHAT YOUR AUDIENCE WANTS TO BUY
Affiliate marketing is a great way to learn what offers work for your list. This can help you decide what products and courses to release on your own. If you promote ten offers over the course of a year, five might sell very well to your audience and five might bomb. This tells you what your audience will buy…and won’t buy…which is helpful when you sell your own products.
YOU LEARN HOW TO SELL
When you promote affiliate offers, you get to practice selling without having to create your own products. And the best part? You get PAID to practice!
This allows you to learn how to sell without all the risk and pressure. You learn sales strategies, promotional tactics, and you gain the confidence you need to succeed in your business.
MUCH OF THE INCOME IS PASSIVE
A good chunk of my affiliate income each year is passive income. The work was done once, often years ago, and I continue to make money on it today. How freaking cool is that?!?! That’s the great thing about doing a resources page or a review post on your site and using affiliate links. They might take a few hours to produce one time…but continue to make you money long after the work is done.
I love promoting affiliate offers because it’s usually a lot of fun. Don’t get me wrong…the money is great. And, no, I would not do it for free. But it really is a LOT of fun! From friendly competition to cool prizes. From surprising myself with my performance to developing amazing relationships. From helping my tribe find awesome services to trash talking with other affiliates…it’s all fun.
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