Today, many of us want to pack up our jobs and be our own bosses. A feeling brought on by the massive changes in the work environment around the world. The idea of working for yourself attracts many, but the reality of making it happen stops most from trying.
In fact the vast majority of us cannot get a business off the ground due to a lack of necessary capital (money), and our natural aversion to risk.
Starting even a small business takes a fair amount of money. You need to buy or rent premises, purchase your stock and equipment and maybe pay staff. You will also have other outside expenses such as advertising, which can be substantial.
Risk is the factor that kills most businesses off. Even if you’re lucky enough to get the capital to start, nearly 90% of all small businesses fail in the first year. If yours is one of the lucky ones, you have to keep reinvesting your time and money to build up the businesses reputation. It takes time before most businesses become profitable.
Affiliate marketing involves you, working as an affiliate (a promoter) for a company. You sell either goods or services and you’re paid on how much you cause to be sold. “Cause to be sold” is an important distinction between being an affiliate and being a sales person.
In affiliate marketing there is very limited (small) costs to you, and even less of a rick. You put in the time and effort and you are rewarded accordingly.
However, running an affiliate marketing business is challenging. It isn’t a free walk in the park. It can be a passive income generator, but not without some front end work. To help those along who desire to be an affiliate marketer, but only have the minimum knowledge about it.
Another important tips. In the world of affiliate marketing there is no such thing as the perfect program or affiliate site.
Affiliate marketing is a great way to make money and work for yourself, full or part-time. The risk to you is minimal and there are small start up costs, in addition to having a computer and an Internet connection.
You can join companies like Shopify.ca or you can strike out on your own. When I started there wasn’t much choice except to strike out on your own. Although I have looked at the other “systems” out there, I remain convinced that doing it yourself give the largest rewards in the end, and much more freedom.
To become the so called Super Affiliate, you should really follow the advice of other successful affiliates. They have been through Affiliate Marketing from the ground up and know what they are talking about. One of the first pieces of advice they give is to concentrate on a niche. Don’t try to sell everything including the kitchen sink. Concentrate on one thing in the early days. Work out the best way to sell it and get going. Once you have some strategies worked out you can always expand.
You should take time to know your product and who you’re aiming it for. When you understand both well you begin to build up credibility. People will begin to trust you and what you offer. They will feel much better about giving their business over to you rather than others. This will result in higher sales revenue for you and a much stronger business.
Don’t be afraid to diversify. Start with one merchant until you get comfortable with linking and creating content, then sign up with more than one merchant. Beware of any merchant that wants you to sign up with them exclusively. By using several merchants you get much more exposure.
Keep on top of current trends in the market. Be prepared to change if you need to. The online world is continually changing. By being flexible and having a willingness to change you can make these changes work for you rather than against you. Remember, what was working last month may not be this month.
Finally, don’t give up. Most failure is because people give up way too soon. It takes time to build any business. Just keep at it. Try to do something everyday to promote your business. If you keep it up you will eventually start to see results.
If you are not yet a member of our Affiliate Marketing VIP Insider’s Club, now would be a good time to join.