Written by: Marilda Cutrone, Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise.
People usually think that they need to invest a fortune to launch an online business and make money. Luckily, this is not true, especially today.
Take affiliate marketing, for example. This business is a low-risk business model with high earning potential. Obviously, you need to acquire the necessary skills to get started. For this purpose, you want to follow a proper program. And if you have the patience and persistence, you’ll eventually crush it.
In this article, I want to give you an objective and straightforward picture to put you in the right perspective.
I've identified nine reasons why you will not only fall in love with affiliate marketing but also want to get started right away.
Nine Top Reasons
1. It’s cheap to get started.
You don't need to invest any money in stores, accountants, shipping, or other business fulfillment. The company handles everything, and you only have to help them to get customers.
What do you earn? Commissions. In some cases, you get very high commissions. Some others might be low, but you can easily manage to get many commissions daily if the product is in high demand.
It is one of the most profitable businesses that you can start. You need to invest in an excellent online program to learn how to get started, what you need to do, and in which order.
2. You can work from home.
The beauty of this business model is that you can do it on your own terms. This means that you can work from where you want, and also when you want. This way, you can start along with your current job, and then, when you will be able to earn as much money to be financially independent, you can quit your job and focus solely on this business.
What you need is an internet connection—no need to commute anywhere, so you will soon get a better life-work balance as well.
As an affiliate, you will be provided with your personal affiliate link, and through this, you start earning commissions for every sale. In addition, you can start marketing on social media; you will find the best platform for you by going through the program to acquire the skills.
3. You don’t need your own product.
In affiliate marketing, you avoid the most challenging issue most entrepreneurs face: create a good product. The product is already developed and tested by the company.
You need to choose a product that you really love and are passionate about and start promoting it. Simple as that, and you don’t have storage costs nor shipping costs.
4. You don’t need to stock products.
In this business model, you don’t need to buy and stock products.
All the work is done online and through links. Automation and app will simplify your job, so you don't need to be tech-savvy.
As you refer products to consumers through your social media posts, emails, or web pages, you can also work with different companies and multiply your income streams. There are thousands of products at your disposal out there. Once you master the process, then you can do it several times.
5. You can work with flexibility.
You can plan your schedule according to your or your family's needs. How many hours do you need to put in every week? It depends on your goals and your actual situation. You can start with only 1 hour per day if you'd like to.
The good thing is that you will also earn residual income. So, for instance, once your business is up and running, you might have sales 24/7, 365 days, so if you go on a vacation, you will still make money even if you are not working on that activity.
6. You don’t need to worry about Customer Support.
In this business model, you don’t need to handle customer complaints. The company already got a customer support team and product experts to handle the refunds and respond to unhappy customers.
Your role as an affiliate marketer is to provide the company with customers or people willing to become customers. All the rest is the responsibility of the company.
7. You don’t need to worry about Competition.
Affiliate marketing is relatively uncharted territory, and you can choose a niche. What does it mean? You are not marketing to anyone in the Globe, but you decide who you want to target: moms rather than elderly rather than youngsters or ironmen and so on. You choose the product; then you choose your niche, and this way, you get rid of the big competition, as your offer will always be unique.
8. You can lower the risk factor.
In this business model, getting started with minimal resources also means that you don't need to worry about losing significant capital. Instead, in traditional business, you need to focus on the "return of investment" (ROI), which can be a source of immense frustration.
If you have a low budget, affiliate marketing is the best option for earning low-risk and high profit. What you need is to learn how to execute it properly.
9. You can get passive income.
Passive income means earning money when you are not actively involved. Affiliate marketing is probably the best way to make a passive income, especially if you start with a low budget.
According to PayScale, the average annual passive income for an affiliate marketer is $51,217. The bottom 10% of affiliate marketers earn $37,000, and the top 10% earn $71,000.
Not bad if you think that you can do it part-time. Don’t you think so?
To wrap it up
The ability to earn commissions on sales and passive income month in month out gives you massive freedom and flexibility.
Now consider how our society has changed in the last two years, and you'll picture this business model's potential.
There are millions of consumers buying goods and services online every and each day. Therefore, it goes without saying, affiliate marketing is undoubtedly the next big thing.
If interested in joining our program, please click here.
Follow Marilda on Instagram, find her on Facebook, or visit her website to learn more about the programs. You can also subscribe to her YouTube-channel!
Marilda Cutrone, Executive Contributor Brainz Magazine
Marilda walked away from a successful 20-year career as Senior Project Manager. For many years, she felt unfulfilled: she was continuously struggling to juggle her career and family. And eventually found herself drained and depressed. Marilda massively changed her life in 2019 when she realized that developing a new set of skills in the current economy is necessary. And here is why: over $2.5 trillion per year is being spent on retail purchases online and, over the last few months, there's been a 25% increase in online sales. Marilda created her own business – Living My Digital Life – and reached a whole new work-life balance level by leveraging the digital skills. This shift would not have been possible for Marilda if she had not discovered the power of affiliate marketing. She is now the owner of her time and can build her career around the family (not a life arranged around the job as it used to be). Her mission is to empower other women to stand up for themselves and make the same shift. Hence Marilda offers a program that walks you through specific steps to learn the skills you need to create a profitable online business from scratch.
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