How To Create A Successful Affiliate Marketing Business
The affiliate marketing industry is growing steadily. It is said by statics studies that spending on affiliate marketing in the U.S. was predicted to reach $8.2 billion by 2022. That’s up considerably from $5.4 billion in 2017 and $1.6 billion in 2010.
There are other studies from VigLink that offer a closer look at just how much income affiliate marketers are making.
According to the survey, 9% of publishers produced more than $50,000 in affiliate income in 2016.
The majority of merchants—65%—said they were making between 5% and 20% of their annual revenue from affiliate marketing.
The survey also showed a link between experience and revenues. Among the merchants with the most revenue, 60% had been involved in affiliate marketing for five years or more.
Affiliate marketing is definitely not an overnight success, it is going to take work and time,
Developing a Successful Affiliate Marketing business
Developing a Successful Affiliate Marketing business involves having a strategy for success
It is easy to get started in affiliate marketing, you can start for free, but the hard part is getting visitors to your website and generating a sustainable income.
This is where the work and being patient, committed, and time comes in.
If you are thinking of giving it a try, it is vital to lay the groundwork first.
Start by thinking about what kinds of goods and services do you want to market Which products or services do you really like and would like to recommend to
Next, research individual affiliate programs to compare their structures. You want to consider factors such as the size of the commission and how often the company pays affiliates.
On a training website like Wealthy Affiliate, this has already been done for you they have researched several affiliates, their commission method of payment, and their track record of paying their stated commission
Make sure you also understand any rules they impose on members of their affiliate networks.
Always remember that you’re likely to make more money with affiliate marketing content that is similar to your own.
Affiliate marketing is business for those who want both time freedom as well as financial freedom.
The Opportunity To Work From Home
They understand the opportunity to work on your own schedule is less stressful as your work at your own pace and time.
But it is important that you keep in mind that you do have to work to be successful.
The distraction that often comes with working from home has to be fought with determination, and remember that in order to succeed you need to be disciplined and consistent.
Also, keep in mind that all the work that you put into your online business now will not only allow you to earn a livable income but in time can become a passive source of income.
Your website will be working for you 24/7 with a little input from you.
Now is the time to start an affiliate marketing business, do not make the mistake that some older ones make.
You may be thinking you are too old to start something new. Or I knew nothing about affiliate marketing, neither did I have any technical knowledge of anything, I knew nothing about blogging.
There are websites that offer training in this area, and the best one I know is Wealthy Affiliate
The Wealthy Affiliate training website has been around for more than 15 years, they have built a reputation of delivering on their claim of providing the best training and tools in the business.
Wealthy Affiliate updates its platform periodically with up-to-date material and tools, you will be surrounded by a community of people with the same mindset, willing to assist and offer advice. And you can start for Free.
Making money online is very popular and the reality is that there are many ways to make money online, but the best way is affiliate marketing.
And the reasons are simple;
- No huge startup costs!
- No selling face to face!
- No stock to keep or manage!
- No recruitment involved!
- No taking of endless surveys!
- No huge investment involved – (Get started for FREE)
- And no working for someone else!
- You can operate in any market you wish! – even your hobbies & passions!
- Earn a full-time income & more!. No limit to your earning potential!.
Anyone can become a successful affiliate marketer, there is no special skill needed, you can be taught the basics, and how to build on the basics.
Here is a look at topics of the lessons in phase 1
It is a business that can create a passive income in time. It does take discipline and work but after your website is established and you have an audience you can make money without much effort because your website will continue working.
So I am encouraging you to take the step to ensure that your retirement is not filled with stress about not having enough cash for the necessary things you will need or even to treat yourself to some extras.
Join us at Wealthy Affiliate you have nothing to lose, remember you can become a member for free.
There is a community of very helpful people including myself ready to assist you in any way we can.
You can join by clicking on any link in this post I will be there to show you around the platform and answer any questions you may have
The Bottom Line
Affiliate marketing can be lucrative, but it takes a commitment of time, work, and patience to make it a real business.
Do your research, join Wealthy Affiliate for free do their ten lesson program see if it is something you would like to do before you jump on the affiliate marketing bandwagon.
Thank you so much for your time, I hope you found it helpful and informative I am looking forward to your comments and questions.
Please remember to share this post it would be appreciated.
NOTE: This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you)