Simply put, Affiliate Marketing is one of the best ways for you to earn a full-time passive income from home or online.
Here are 8 Advantages of an Affiliate Marketing Business
#1 A Source of Full-Time Passive Income
You will be building your own website to run an affiliate marketing business. A website that will be working 24/7 for you once you set it up, and that way you can make money at anytime of the day even whilst you were sleeping. This is because customers can visit your website from any country or time zone in the world.
This can provide you with a truly passive income stream!
#2 You Can Work From Anywhere in the World
As long as you have a laptop and also access to the Internet, you can work on your website. This means that you won’t get stuck in your office or somewhere you don’t like anymore.
Although there are many successful affiliate marketers showing you pictures and videos of them lounging on a beach whilst working or whilst travelling, it is still recommended that you have a proper place to do work on your website. Maybe a desk or office in your home to work on your business.
This is mainly down to the need for you to focus on working instead of having a lot of distractions that can get in the way of you achieving your goals.
The pictures and videos you see are attraction marketing techniques to attract people into their business. I guarantee they have an office too, yet they want you to believe it is easier said than done.
# Turn Your Passion into your Business
You get to choose the topic that your affiliate marketing business will be based on. In this context, it is often referred to as a niche. You get to choose what types of products or services you will promote. That can be a hobby or passion.
This means that you will be working on something that you already have an interest in and already enjoy, making your chances of success much higher.
People don’t put effort into something they do not enjoy.
#4 Fully Flexible Working Schedule
This is not like your day job. There is no need to clock in or clock out based on what your boss or company expect. You can choose when and where you will do the work on your affiliate marketing business.
#5 No Prior Knowledge Required
When affiliate marketing first became a technique, there was a requirement that you knew a lot of technical knowledge around website creation and design and then computer coding as well.
That is no longer a barrier. Technology has advanced so much that anyone can build a website really easily with just a few clicks and there is no need to know anything about computer coding.
As far as the marketing skills that you will need, can be learned at a very affordable price. There is no need to go to college or have a degree to build your own online business.
Wealthy Affiliate is one of the best learning platforms for anyone to get started.
#6 You Don’t Need to Sell in Person
In traditional business, network marketing or Multi-Level Marketing (MLM) businesses, there is usually a need to sell products to real people. Sales and Pitching are a necessity.
Many people are put off by this need to sell in person, especially with MLM businesses. They end up feeling awkward as they usually start by selling to friends and family members.
With affiliate marketing, there is no need to do any of that. There is just a need for you to learn how to build a proper website and how to market products to people who are interested and will come to you. There is no need to sell or rely on your friends and family to make sales.
Done right, your customers will come to you via your website. That means that your potential customers could come from everywhere and means you have a much larger pool to pull from than just your friends and family.
#7 You Don’t Need to Product Your Own Products
For you to make money, there is going to need to be a transaction. In order for that transaction to take place, you will need to have products or services to sell to your target audience.
There are two ways for you to do this:
- Create your own products or services
- Sell other people’s products and services
In affiliate marketing, there is no need for you to create your own product (although you can if you want). You can simply promote other people’s products and earn a commission for every sale you make.
Whilst product creation is a completely different thing to be learned, not all businesses can sell other people’s products.
#8 You Don’t Need to Handle Shipping or Customer Services
With affiliate marketing, you are only linking the customer with the product or service by recommending it. That means that you will not have to deal with any shipping or customer service as that is the responsibility of the seller.
When the buyer comes along and buys the product via your affiliate link, you earn a commission and there is no need for you to do anything else.