Is Affiliate Marketing Profitable? (Or Is It Just A Waste Of Time?) (2019)
Hello! Welcome to my "Is Affiliate Marketing Profitable?" article.
Nowadays, we can almost do anything on the internet.
It is just a matter of time before people can create ways and find ways to earn money online.
Well, actually, some people already do make a living online!
And you visited this article because you are one of the excellent people who got their eyes on affiliate marketing as an online source of income.
However, before jumping right onto it, you have questions, especially "Is Affiliate Marketing Profitable?".
Don't worry because in this article, I will answer your question.
So let's get started!
What is Affiliate Marketing?
Before anything else, let's get to know affiliate marketing.
Affiliate marketing, by definition, is a type of advertisement wherein merchant websites compensates affiliate marketers whenever they bring traffic or customers to their website.
The affiliate marketers will be given links after signing up into an affiliate program.
Afterwards, they can put these on their websites and blogs.
This is a way for the merchant websites to gain exposure on the internet.
How does Affiliate Marketing Work?
In affiliate marketing, there are 3 parties that work.
- Merchant website - the one who offers affiliate programs
- Affiliate marketers - the one who promotes the products of the merchant website
- Customer - the one who purchases the products of the merchant website
Altogether, they make affiliate marketing work.
But how does it really work?
Next one is to find the best affiliate program that can fit your interests. Additionally, the niche of your website/blog is very important.
The merchant website will be able to give you affiliate marketing tools you can use after signing up to an affiliate program
Some of these are banners, text links and widgets.
You can use all of these on your website/blog to generate traffic to the merchant website.
When you have all the banners and links on the websites, your viewers will be able to click on them.
When that happens, they will be directed to the merchant website.
Whenever they purchase a product, the merchant website will be able to track the sale.
They will know that the customer is your referral. With that, you will be paid a commission!
And that is how people earn money online with affiliate marketing.
What makes it a lot better is that people earn a passive income.
That means that even if you leave your website for a year or more, as long as the links are there, you can still earn money whenever people click on them and purchase products as your referral.
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Is Affiliate Marketing Profitable?
Now that we are able to get to know affiliate marketing and learned that we can actually make money from it, it is time for an answer.
Is Affiliate Marketing profitable?
IT DEFINITELY IS!
You do not have to buy or pay for anything. Furthermore, signing up to affiliate programs are completely free.
Without spending any money, you can earn income online! Also, with the passive income you can get, the amount you earn is limitless.
So the answer is yes. Affiliate marketing is profitable.
BUT... that is just the short answer.
As for the long answer, well it is a bit complicated and challenging. But don't worry, we will go through it one by one.
The truth behind Affiliate Marketing
Affiliate marketing is not really different from any businesses or ways to earn income out there.
Your success will not be from what you choose to do but from how you properly, correctly and consistently do it.
Have you ever encountered those ads online that says something like "Earn thousands of dollars in just 5 minutes" or "Earn money with just three clicks"?
Most of the time, these ads will lead you to so-called gurus or even trainers and get-rich-quick schemes.
They all claim that affiliate marketing can be done easily, quickly and that you can earn lots of money immediately.
Truth is... Affiliate marketing takes a lot of work. It is just like any businesses ventures out there. There are no shortcuts to success.
There are people who really made millions with affiliate marketing. Some who made enough to reach their goals. And others who didn't earn anything.
However, the only difference between these people are how well they made affiliate marketing work for them.
Is Affiliate Marketing profitable? Yes it is. But that should not be the main question. But it is about how you do it and make it work.
Next, we will tackle the pros and cons of affiliate marketing. These will help you have a better understanding.
Pros of Affiliate Marketing
Signing up for affiliate programs are totally free.
So if you ask about the costs, these are just for the ways you build your website or blog.
There are programs that you need to pay for in order for you to design your website and to improve it.
In affiliate marketing, you do not need to purchase or sell products and services.
You only need to promote the products of the merchant websites.
Furthermore, there is no need for you to store products in your household or to even ship products to customers.
Because again, your job is to promote only and generate traffic to your merchant website.
When you do affiliate marketing, you can work anytime and anywhere as long as you have an internet access.
Furthermore, you won't have anyone telling you what to do and what not to do.
Your boss is actually just yourself!
Once you have created a good website or blog and puut the links there, you can easily gain commission.
With that, you don't even have to visit your website from time to time.
Just leave it there and it will earn your money!
That is why affiliate marketing is a good passive income source for all of you!
Cons of Affiliate Marketing
Just like other legitimate ways to earn income, affiliate marketing takes time to be successful.
You will need to do a lot of work on your website and blog to be able to generate more traffic who can then become your referrals.
No control over the product
Since the products are not yours, but the merchant's you will not be able to control it.
The products, the business and services will be beyond your control.
The internet is a very wide place. It can almost be compared to the universe.
Chances are, if you found a great affiliate program, other affiliate marketers are already promoting it too.
You can to compete against others to be able to rank higher in the SERPs to gain more traffic.
Customers are the merchant's
Remember, you are only tasked to promote. That means that the customers are not yours.
You will not be able to know them for re-sales.
They can only be tracked so that the merchant website can know that he/she is your referral.
Affiliate Marketing Success
Affiliate marketing is very rewarding but tat the same time, is very challenging.
It requires a good strategy, consistent effort, knowledge and of course, patience.
To help you out, let me give some tips for you that can you use.
Finding a good niche
There are a lot of niches out there. I was able to list some above.
My tip is to choose the best niche that you are comfortable of and interested in.
For example, if you love to travel, you shouldn't make a website or blog dedicated to technology.
Once you have found a great niche, it will be easier for you to write and create content for your website and blog.
This is one way of working and earning money from your passion.
Choosing a great company and products
Beware of scams. There are times wherein the you will not be paid.
Furthermore, choosing a great merchant is very crucial. Before signing up, you need to research and gain information about it.
You need to know its affiliate guidelines, its commission rates and other benefits.
Afterwards, choose the best product you will promote. Make sure it is relevant to the niche of your website/blog.
Choose products that can also maximize the commission you can earn.
Perform SEO on your website/blog
SEO is very important for your website and blog.
It can help with the quality of your website/blog. Furthermore, it is a great factor to rank your website/blog higher in the SERPs.
With that, users can easily discover your website/blog.
That meant that you can generate more traffic who can be potential referrals to earn you income.
Expand your platform
Do not just stick to your website /blog. Make use of the different social media websites.
You can advertise your website/blog there. With that you can easily generate more traffic!
However, be careful because other affiliate programs are strict about posting their links and banners to different websites other than yours.
Create good content
You should not also focus on how you can promote the products. Be sure to create good content too.
With great content, your viewers will enjoy your website and can keep clicking, checking out other web pages on your website.
A good content can also lead to loyal viewers who can become your loyal referrals too.
Monitor your website/blog
This is very important.
You need to monitor your website/blog to know which area do you need to improve on.
There are certain and various tools available online which you can use to keep track of your traffic and also can help you with SEO stuff and keywords.
Use the tools properly
One mistake that most affiliate marketers do is to overuse the banners, ads and links.
If you do this, it might overwhelm your viewers. Other people hate encountering ads.
Furthermore, search engines can rank you lower if you use too much ads and banners.
Make sure to use them properly and distribute it fairly.
Well there you have it! Thank you for reading my "Is Affiliate Marketing Profitable?" article!
I hope that it helped you and answer your question.
Affiliate marketing is very profitable and can be a very good source of income if done right.
It make take a lot of time and is very challenging, don't worry. Because in the end, it will be so worth it.
Take it from me! I have been doing affiliate marketing for quite some time and I have made money from it.
This is How I Make Money from Home!
I mentioned above that I have been doing affiliate marketing for quite some time.
There are various affiliate programs you can apply for. If you ask me, the best affiliate training program is Wealthy Affiliates!
- It is free-to-join
- It has a 24/7 support
- It has a live chat wherein professional affiliate markters can help you out!
- It will give you 2 free websites that you can use
- It can provide you with all of the marketing tools you need
In fact, because of Wealthy Affiliates, I make affiliate commissions on a daily basis. Here's my proof!