Affiliate Marketing Opportunity for Solopreneurs
Most of us want to be independent and dream of pursuing our passion. Entrepreneurship offers opportunities to fulfil this dream. The lack of ability to raise funds, manage teams and other skill sets for being a successful entrepreneur may act as a barrier.
Affiliate Marketing offers an opportunity to pursue the independence dream as a solopreneur and it is less capital intensive.
“Affiliate Marketing has made businesses millions and ordinary people millionaires.”-Bo Bennett
This quote of Bo Bennet will definitely attract anybody to become an affiliate marketer. It may appear to be more attractive but difficulties of setting up and making money thus is long haul.
Image Source: Stuart Miles
Affiliate Marketing sounds attractive but it requires specific skill sets to succeed. These skill sets can be acquired. There are plenty of options in the web for online training.
Understanding the do’s and don’ts of this business is important before one starts.
The idea behind it is that you promote other people’s products, often through an affiliate network, earning a commission if people actually end up buying thanks to your marketing.
It’s based on revenue sharing. If you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program. If you have no product and want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate marketer.
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.-Pat Flynn's Smart Passive Income
Becoming a part of an affiliate network is an excellent Strategy for bloggers looking to up their current income or even just to begin actually making money from their blog.There are several options when it comes to affiliate marketing as well as strategies for making affiliate marketing work for you. Below I will teach you what is affiliate marketing, examples of affiliate marketing in blogging, affiliate strategies and some of the top affiliate networks to join.
A lawyer or a doctor cannot hope to earn a lot of money once they hang a board. They need reputation to attract clients. Reputation takes time to build. Affiliate marketing is in the same category. It requires time and one must be patient, like in any entrepreneurial journey.
Do not get into this business if you think that you can make money very quickly. Building reputation and trust should be the main objective.
It is reported that many websites and blogs are remaining dormant as nobody clicks on those sites.
There is no need for your own website; any existing public platform can be used.
Try only one or two products in the beginning. This will help in learning what works and what does not work. Do not spread yourself thin but concentrate on a few niches.
Select Products which have a brand pull.
Providing value is critical for success.
1. Affiliate Marketers will still have to provide value to their audience and work hard to grow their following. - Brian Lang
2. Affiliate Marketing is always going to be here and it is going to make money as long as you continue to focus on providing value and user experience. -Zac Johnson
3. Any affiliate marketer looking to make their mark in 2016 is going to have to do one thing to stand out from the crowd: build relationship. - Lauren
1. Affiliate Marketing- How to make ton of money with Affiliate Marketing- Patrick Kennedy
This means that if you work as an affiliate, your main goal will be to promote the products, services or brand of a certain business via the Internet. You will just have to serve as the link or connection between the consumer and the seller. There is no need to create new products or service. It is product or brand promotion through the net.
2. Affiliate Marketing for Beginners- 7 steps to earning $2000 / month – Joseph Glass
It is advisable to have your own domain and one should familiarize with words like SEO, Keywords Search, ability to write blogs and collecting e- mail list.
It is important to build a database of your users and customers. When you establish your credibility and your regular visitors start trusting you, you should cash in on it. You can start an email list and ask your visitors to subscribe to them. You can start emailing them regularly, like once a week or whenever a new product comes out. When emailing your customers, you must not oversell.
Image Source: Stuart Miles
Affiliate Marketing provides opportunities galore in the era of exponential growth of world wide web. Internet has become a necessity for professionals, students, as a tool for entertainment and accelerating e- commerce portals.
The quest to acquire global markets and reach potential customers has also accelerated use of affiliate marketing. This channel acts as an extended arm of any business and the option to pay only for results makes a sound business sense.
One can realize the dream of independence through affiliate marketing and the path is paved with hurdles. Strategy to overcome competition is critical as the number of marketers are competing for the same customer.
Affiliate marketing is not a get rich quick scheme.
Bloggers Passion has published a blog on top 10 Indian Affiliate Marketers
Almost every one of them is using “affiliate marketing” to make money from their blogs.