Affiliate Marketing is just about the Biggest Home Business technique used today. It is Huge and Still Growing. Research shows that Affiliate Marketing is a $6.5 Billion Business worldwide and it is expanding fast. There are thousands of people who are making affiliate marketing their full time jobs and are earning thousands of dollars a month doing so.
So why is Affiliate marketing so popular? Simply because the Affiliate business Model has some distinct differences and advantages from any other business model. The main advantage would be the lack of inventory needed to be carried in order to be an affiliate marketer. Which means the affiliate does not require worrying about inventory, storage, delivery, or unsold stock.
Which leads to the second advantage. If you don’t need inventory, that means you don’t need a huge startup capital in order to purchase the inventory before you can start your business. Thirdly, an Affiliate does not need to worry about customer support. All support is given by the merchant directly. The affiliate only helps to promote and makes the sales and the rest is taken care of by the merchant.
Fourth, with affiliate marketing as opposed to any other business model, No physical shop address, no warehouse and cost of the rent, No inventory is ever needed. Plus, since there will be no need for employees, the need of payroll will also vanish. In some cases all is needed is a computer and internet connection and nothing more.
Fifth, with affiliate marketing, one does not have to commute to and from work. They could do it from the comfort of their own homes and this is very quickly becoming the lifestyle many people are dreaming of.
Sounds so simple doesn’t it? Put bluntly, Affiliate marketing is a great way to start business with little or NO setup cost at all. And seeing how well people are doing in this sector of the business model and how fast and vast affiliate marketing is growing, I’d say YES…it definitely is the WAY to go. However, coming to my next point which is, Is it for everyone? If not who is it for?
Well, I’d say its definitely NOT for every single one of us. As simple as Affiliate marketing is made to seem, and I think after reading the above analogy, even I have made it sound exceptionally easy to do, I have to say that affiliate marketing is Far from Easy and does not work for every single person that tries it. A&P(advertising & Promotion) as well as to keep up with the latest trends in the market for getting people to buy from you. You cannot possibly do all of this in 15 minutes a day and will require some time and effort on your part. Although affiliate marketing can be started without any initial capital, it is of course good if you have at least some money to invest in a great manual to guide you along with your affiliate marketing as well as a little for cheap paid advertising if you have the resources for that. There are 2 kinds or groups of affiliate marketers. The successful ones are those who will put in every effort, learn from the experts and overcome ALL obstacles that they come across on their journey as affiliates. This makes them become really successful and go on to become super affiliates.