“Can you be a millionaire with affiliate marketing?”
“Why should I give Affiliate Marketing a try?”
“How can Affiliate Marketing benefit me?”
I am sure, you have asked yourself at least one of those questions.
If you are starting out in making money online you have already heard about affiliate marketing. But what are the benefits of it? And should you even give it a try?
Many questions are running through the mind at this point.
So, through my 4 years field experience, I thought that I can be beneficial to you.
What you will know after reading this article is:
(1) The 10 key benefits of affiliate marketing
(2) How much you can earn with it (Example Websites)
(3) And why it is in my eyes the best opportunity to earn money online
Without too much text, let’s get starting.
The 10 Key benefits of Affiliate Marketing in short:
- Very Low Investment
- You don’t need a product
- There is no risk
- You learn how the online world works
- PASSIVE INCOME!
- Making Money with Your Passion (Interest/Hobby)
- You learn how to generate free traffic
- Unlimited Income Potential
- No Shipping, No Customer work. Just Content Creation
Before we dive in to the key points, I want to tell you in short, why I have chosen for affiliate marketing in the first place.
Affiliate Marketing – A serious business
Before I started with Affiliate Marketing I was doing normal 9 to 5 jobs like, working in supermarkets, delivering pizza, helping out in offices etc. Since my first step into the world of jobs, it was obviouy for me that I won’t do that forever. So, I started to look for a way to earn money online. As any other one who jumps into the online marketing world, I had no clue how and where to start.
When I surfed through different websites and youtube videos, I realized there were a lot of opportunity to make money online!
From answering surveys, to investing in stock markets. I have seen them all.
But none of them was really appealing to me. My criterias for the perfect income stream were:
(-) Low Investment
(-) Low Risk
(-) No Customer or Shipping work
(-) Passive Income
Of course, I heard about affiliate marketing before, but honestly I never considered it as a possibility to make a living out of it. I always saw it as a little side hustle that beginners do.
If someone told me that he was doing affiliate marketing, I couldn’t take the person seriously in terms of business. In my eyes he was still working for others, like in a 9 to 5 job, but is able to call himself “self-employed”.
I had no idea, how little I knew about affiliate marketing…
The Moment I understood the potential of Affiliate Marketing
One day I met through a friend (a highly successful affiliate marketer by now) some people that showed me the true potential of affiliate marketing. When I came across their businesses, I was very surprised about their revenues. And when I asked, what their business model was, they told me:
I couldn’t believe that…
They made millions with it! Fulltime businesses without customer trouble, shipping work or high investments. Just a website with content and affiliate links. From that moment I instantly knew: Okay, this is what I was looking for. And from there everything else was history….
But let’s speak about it in more detail.
So, what are the 10 key benefits of Affiliate Marketing?
1. Very Low Investment
Especially, when you are starting out, you usually don’t have that many reserves to invest in your business.
Usually, when a restaurateur wants to open a restaurant, he has to ask the bank for a loan. Depending on his liquidity the bank will either give him the money or not.
It is completely different with Affiliate Marketing. As we already talked about, what you simply need is a website. That’s it!
And nowadays a website costs around 30-40$ annually. So, in comparison with the restaurateur you have both as well as a low risk and a low investment.
2. You don’t need an own product
This is one of the biggest misconceptions of many online marketers.
Almost everybody that is starting out, thinks he needs an own product to become successful (I was in the same boat for a long time, too).
That’s not true at all.
Affiliate Marketing gives you the possibility to promote other people’s products. So, what you simply do is you link the product of the company into your content and earn the commission for that. No customer or shipping work is required. Just some content and a link to the product. A onetime investment that earns you continuously money.
Of course, you don’t get the full price for the product. But nowadays there are many companies that live from affiliate marketing their products. Especially digital product companies offer up to 75% commission of the usual price! That’s a lot and the only thing you have to do is just promote it on your website.
3. There is almost no risk
Affiliate Marketing is very risk-free. You have now high financial investments.
The only financial investment sums up the 40$ yearly for the website.
4. You learn how the online world works
In this regard, affiliate marketing is a great teacher in how the online world works.
Search Engine Optimizations (SEO), Search Engine Advertising (SEA), Content Creation, Keyword Researches, Google Analytics, Outsourcing and so on.
When I started out, I didn’t know anything about those terms. For me the online world was simply a tool. To chat, to shop, to entertain myself and get things done. But the more I got busy with affiliate marketing, the more I started to see the workings behind it and opportunities to make money.
I started to see low competition niches and started to place my websites there. I also looked-for high-ranking forums and promoted amazon products by simply answering questions. This made me money without even needing to create a website or content.
So, Affiliate Marketing gives you not only the opportunity to make money on one way, but trains your eye to see loopholes for money making.
5. Passive Income – Making Money While You Sleep
One of my favorite benefits: Passive Income.
Or better said: Making Money While You Sleep.
I remember, seeing the charts with thousands of dollars of Pat Flynn (Founder of smartpassiveincome.com).
In 2016 and 2017 he had a chart that tracked his monthly revenue from passive income. Only in 2017 he made I think around 1,2 Million $ from passive income. From Passive Income! From one-time investments!
That means, he created an article/video/podcast once, uploaded it and it started to generate money by itself.
And this is the beauty about Affiliate Marketing. You create the content only ONCE and it will (if it is good content, of course) generate you money for the rest of your life. You don’t have to improve it, to maintain it or do anything else about it. Just create it once and publish it.
Isn’t this great?
Btw if you plan to start your own Affiliate Online Business, then I recommend you to check out My Review on the most popular Affiliate Training out there. It has over 1.4 Million Members!
6. Making Money with your Passion (Hobby/Interest)
My second favorite benefit: Create a business around your passion
When I started out, I wrote tons of articles and reviews about products I wasn’t interested at all.
Gosh, that was hard.
I thought this was the only way on how to make money: Look for the most expensive product and try to sell it somehow.
After a while, when I realized I can write content about things I love and even make money with it, it made working so much smoother. I even started to become excited when I was about to create content!
So, the cool thing about affiliate marketing is, you can make a living out of your interests. In addition to it, you gain more knowledge about your passion, help people with the same passion and even earn money with it. Is it even possible to get more wins?
7. You learn how to generate traffic
As the internet is growing, and digitalisation grows exponentially, being able to generate traffic is crucial.
Because traffic means: MONEY!
Affiliate Marketing teaches you how to use the power of the search engines, channels like Instagram, YouTube etc. to make your pocket ring.
When I started out, I always had to rely on other income sources like working in supermarkets, working as a waiter, delivery jobs etc. There was always this little fear of not being able to come up for my future.
But the more experience and knowledge I gained the more certain I have become about my future. I started to get certain that I finally have the skillset of being able to create money. In any situation I am in and in any situation the world is in.
That means, if you know how to generate traffic, then you will always be able to make money.
In ANY circumstances. Even in economic crises.
What a freeing feeling!
Doing the work is great, but letting others do the work is even greater!
Affiliate Marketing gives you the opportunity to outsource almost everything.
When I started to make use of outsourcing, I simply looked for professional texters and let them create my content. In other words:
I had only to choose my niche and find out what I want to create an article about. This information I gave to the texters and they created beautiful content about it. Of course, I had to pay them. But this saved me a lot of work!
I have a friend that is going even further. He outsourced literally everything! From content creation to management through a virtual assistant. So, what he only had to do is to keep an I about how things are going. Isn’t this great?
Affiliate Marketing gives you a lot of possibilities and how to create your work. You are literally your own boss!
9. Unlimited Income potential
Many people underestimate this point. With Affiliate Marketing there are no limits.
When I started out I thought, that you can use it as a little side hustle to earn a few bucks. But I never considered making it a full time business.
If you do the math, you can see the potential.
Let’s say to create 1 website with an 500$ monthly income takes 6 month if you do it all by yourself.
The cool thing about an affiliate marketing business is, it grows exponetially. So, the website would most likely generate 300-500$ more after 6 month.
Let’s say you can passively build sustainable businesses every 6 month. In 1 year you would have 1000$, in 2 years 3000$ (Because of the exponential growth) etc. But what I didn’t consider is that the more you work, the more experience you gain and the more you can tweak and monitize your businesses.
Or you can invest all your time in 1 website and built it to its maximum. The possibilities are unlimited. So, the earning is.
10. You Can Work With Blogs
This is a really cool benefit, because blogs give you the opportunity to create a lot of free organic traffic. In addition to that you can earn a lot!
Here are some example Blogs that earn a pretty good amount of money:
Check out the full article here.
If you have any questions, feel always free to contact me in the comment section. I am more than happy to help.