At this point, I am still not sure what I am supposed to. But one thing for sure, I am going to start off my entrepreneur career by starting some kind of affiliate marketing. So what is affiliate marketing? To make it very simple, it is one of many ways to make money online by selling other people’s products and services and get commission from the sales. On way to do this is by creating a website dedicated to a product or service. On previous blog post, I talked about authority site verses niche site. Affiliate marketing website is definitely a niche site. Things you can sell through affiliate marketing is limitless. It can be camera, web hosting service, baby products, or it can be a digital product such as ebook or software.
So where can I find these products or services to sell? If you look around you they are everywhere. Almost all the products you are familiar with has some kind of affiliate program. First of all, Amazon has one of the biggest affiliate program, and I know everyone is familiar with Amazon. If you are wondering where you can find products or service with affiliate marketing program, just go to web site of your favorite product and look for affiliate program link. It is usually hidden on the bottom of the website. One of the editing software that I use a lot is Sony Vegas. So I went to their website to look for affiliate program. Just as I expected, at the bottom of the page, there is a link to affiliate program.
If you are still having problem finding an affiliate marketing program, you can search it on google by typing the product name and the word “affiliate” after. You’ll be surprise by the search result. If they don’t have affiliate link in their website, you can try to email them and ask them about it. You’ll be surprise to find that many companies have some kind of affiliate program that they don’t post it on their web site.
To make things easier, there are many affiliate marketplaces such as Clickbank, and Commission Junction. Clickbank is one of the biggest digital product affiliate marketplace where they pay you up to 75% commission. It is simple as that. So if you are starting out with online business, this is good place to start.
I have to reiterate that making money with affiliate marketing is not a quick way to make money. It takes lots of work and planning. If it is easy, everyone will be doing it. But the process and the concept is pretty simple. You need to have a plan and approach it cautiously. I like how Jay from Lazy Ass Stoner talked about affiliate marketing in his video. He puts the process in the simplest form.
Obviously, it isn’t simple as he makes it out to be. You have to put your time and effort on it. But I believe that when you put your effort on it, you can actually see good result. Best part about this is that this is completely passive way to generate income. Once you set up your website, you can just leave it alone and watch the website generate incoming for you.
5 Reasons why I am Starting with Affiliate Marketing
- Easy to get it started with very little monetary investment: Affiliate marketing is no way easy, but the process is pretty simple and you don’t need to invest lots of money to get it started. All you have to do is do some research and find a product you are going to sell. Then create a web site to generate traffic. Only cost is domain name and web hosting, which can be little as $12 a month.
- No need to deal with customer service: Dealing with unsatisfied customer and customer support can be headache and expensive. Luckily if you are an affiliate marketer, you don’t have to deal with that. All you are doing is bring the customer to their website. After that, you job is done. The affiliate provider will take over from there. They will handle money transaction and customers supports.
- No Need to deal with complicated tax: Tax can be a headache. When you are running a business, tax can be very complicated and you end up spending money on accountant to deal with tax headache. But with affiliate marketing, you tax is all taken care of. Affiliate provider will handle all you taxes and there is no need for you to hire an accountant.
- Free from legal problem: You don’t have to deal with any legal problem with the product you are selling. This is big deal. A bad legal problem can bring your business down, and you don’t have to deal with this headache.
- Absolutely no risk and no commitment: There is no risk, so you can try to sell different types of products without any risk. If you realized this isn’t for you, you can stop any time. If you make a mistake, it is very forgiving. Like I mentioned in earlier, there is no big monetary investment. But in order to be successful, you need to commit to it for a while. Like I mentioned it before, this isn’t easy and you need to spend some time to really work on it.
Passive income through affiliate marketing is definitely something I am going to try it first. Because I have to see it for myself that this thing actually works. Besides, it is ideal way to start because it doesn’t require lots of money to start. All you need is few dollars a month to pay for web hosting. Luckily, there are many hosting companies out there who will give massive discounts for new users. I’ll post more detail process on how to start affiliate marketing later on as I start my own affiliate marketing and document the process.