WHO’D WANT TO READ THIS ARTICLE?:
- If you want to get started with the best business opportunity that will allow you to make money from home but don’t have a lot of time or money to invest upfront, then you want to read this entire article.
If the above describes you, you’ve come to the right place, because, affiliate marketing is the best business opportunity for you. But before you doubt me, please give me just a few minutes to show you why.
Every month people ask Google whether affiliate marketing is a scam. It is not. In fact, the concept of affiliate marketing–paying a commission for referred business–has been around for decades.
Growing up, my dad made a very good income being paid commissions to refer deals to real estate investors. You likely don’t have to think that long and hard to come up with someone in your life who has been paid a commission for referring business to someone else.
Well, thanks to the technological age we live in, we no longer have to take to the streets to find these referrals in person. This can be done on your computer from home or anywhere else you have an internet connection.
How Does It Work?
It’s simple really. You sign up as an affiliate of a product or service, meaning the creator of that product or service agrees to pay you a commission when you refer business to them. Then, you tell others about the product or service. If they buy it or sign up, you get your commission.
See for yourself. Open a new tab and pull up the website of one of your favorite businesses. (I may have forgotten to mention that this article is interactive. But, please, open a new tab and follow along.) Maybe it’s Target.com. At the time I’m writing this, you can scroll to the bottom of the page and click “More.” then select “Affiliates” from the list. There, you’ll learn how Target will pay you a commission for promoting their products on your website.
Then of course there’s the Grand Daddy of them all, Amazon. As the largest retailer in the world, Amazon sells everything under the sun and will pay you a commission to promote their products.
But this doesn’t just work for physical products. It also works for services. For instance, are you familiar with the Sandals and Beaches all-inclusive Caribbean resorts? Go to Sandals.com and scroll near the bottom. Click the link that says: “For Affiliates.” There, you’ll learn about their affiliate marketing program. Not only do they pay commissions, but you can even win free trips!
Try it! Check the website of every business you frequent. See if they have a link for affiliates.
As I mentioned in the opening, if you’re just starting out, don’t yet have your own product or service to sell, and don’t have much money to invest upfront, affiliate marketing is one of the absolute best business models for you. You’ll be paid to promote other people’s stuff so, no product, no problem. Also, because you’re simply directing people to the product creator, you don’t have to worry about buying, storing, or managing any inventory. And because it’s usually free to sign up as an affiliate, getting started is relatively inexpensive.
Make Money Like Netflix
Membership sites like Netflix are ingenious because the customer gets sold on the service one time but the company gets paid, every month. It seems like everyone has turned to the membership model, including companies like Itunes and Microsoft, just to name a couple. But who can blame them? What’s better than recurring monthly revenue?
Well, did you know you can make this membership model work for you with affiliate marketing?
There are membership sites that will pay you a recurring monthly commission for referring members. Every month when those members pay their membership, you’ll receive a commission. Recurring monthly income for referring someone one time is the best kind of income. Well, in my opinion anyway. 😉
Take SEMrush.com for instance. It’s a software that helps businesses find the best keywords and online marketing ideas. Scroll to the bottom of the page and click on “Affiliate Program” to find out how you can get 40% commission every month for every new user you refer.
Of course, the programs I mentioned here are just a minuscule sampling of the millions of products and services you could be paid to promote.
Promote While You Sleep
Not only does technology mean that you don’t have to hunt for referrals in person, you can also automate a lot of the process so that it’s being done even while you sleep.
Take email, for instance. You can write (or have someone else write) a series of emails ahead of time. Then you load them into an autoresponder, dictating when you want your subscribers to receive each one. Now, in addition to valuable information, these emails contain links to the affiliate products that you’re promoting. Then, as people join your list, they’ll automatically receive your pre-written emails according to the schedule that you laid out. If they click on your affiliate links and buy the products or sign up for the services, you’ll receive a commission. This happens whether you’re working, or sleeping, or relaxing on a beach.
I hope you can see that affiliate marketing is not a scam, but rather a legitimate online business opportunity that you can and should take advantage of. Because when you think about it, this type of arrangement creates a win-win-win scenario. The customers that you refer get to benefit from valuable products and services, the companies get new customers and clients, and you make a commission. It’s good for everyone!
To learn in more detail how to get started with affiliate marketing, play the free Online Biz Quest game which makes getting yourself set up for affiliate marketing success easy and fun. Just enter your name and email address at the top of the page to get started.