Imagine undergoing the 9-5 day job and getting just a few bucks per hour which barely covers your living expenses. I knew lot of people who went through this and have turned their lives around by simply dedicating their time to a specific niche. Affiliate Marketing, one of the best sources of passive income via web. The first time I heard about it, I actually did not believe it would be a good source of money. But when I had a chat with one of my closest friends, it opened up my eyes. I learned that the possibilities are limitless! After a couple of weeks, I found myself digging through a multitude of websites to gain better knowledge about the craft. I found this article from entrepreneur that practically informed me about how to make your website ready for passive income.
Knowing about the free website-building tools out there and the (perceived) ease of starting a blog, you’ve likely given this strategy some thought.
Would a blog actually help you make money, though? Ultimately, the answer revolves around three factors:
1. Monetization. What’s your plan to make money from the blog? You have many options, depending on your audience, intent and other ventures.
2. Traffic. No matter what monetization angle you choose, you’ll need ample traffic to support it. Your blog’s ability to generate that traffic is a significant indicator.
3. Upkeep and longevity. Though your blog will be free for you to create in most cases, it will cost time (and sometimes money) to keep your blog running. Your profitability will depend on what you invest in maintenance and improvement.
How it Works?
The basic point in case is that when you are an affiliate marketer, you have to choose a products from different companies that can be promoted. You practically promote these products using your own channels such as but not limited to, social medial, websites, blogs, youtube channel, email and so on. Whenever a product of choice (depending on your niche) have been sold through the channels mentioned, you get a percentage of commission from the company that you’ve partnered with. But before that, you need to identify your target market before being able to gain profit. I found this article from Self Growth that gave me more knowledge on how to interact with my customers.
They key to success in affiliate marketing is being able to identify what your potential customers want and finding unique
ways to market products and services that meet their needs. After your start-up period, you can keep your business expanding
if you pay attention to your clientele and put together new programs to meet their needs. Use these tips and find some of
your own ways to to make your site work for your customers.
Of course, every business is an adventure and every adventure does not always end up the way you wanted it to be. The good thing is that the internet has a lot of people sharing their experiences. You can learn from their mistakes and find a way to diversify your own approach towards success.
To start off on affiliate marketing, you need to have your own medium set up. As said earlier there are a lot of choices, but the most common choice would be to create your own website. I came across this guide that gives great reviews on where to start. They mentioned a service called Wealthy Affiliate which is something like a one stop shop for affiliate marketeers. Read through their article that answers the question: is wealthy affilaite worth it?
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