No bosses, no public transport, flexible working hours, a kitchen at your disposal, plus a bed to take a well-deserved nap to recharge your batteries. Doesn’t that sound like the perfect working day?
With the internet, working at home these days is easier than it’s ever been. The only trick is to find the right job. While there are hundreds of potential activities you could do from home, not all of them are created equal.
For those with the drive to make it work, affiliate marketing is often the number one choice for those who want to make good money from home (or anywhere really).
One of the reasons why affiliate marketing is so popular is because it’s one of the easiest ways to start working from home, as there is almost no initial investment required. All you need to get started is a computer and an internet connection. From there, you’ll also need to create a website and/or develop your social networks to monetize them.
But let’s dive right into what you’re eager to learn more about - how to generate income through affiliate marketing.
What is affiliate marketing?
As an affiliate, you are essentially an online salesperson, promoting other people’s products/services and getting paid on the sales/leads/clicks that you generate for that product/service.
A commission-based model is generally the most popular payment model, though this depends on the industry you’re working in. Everyone, from Amazon to small e-commerce stores, has an affiliate program, and so there are no shortage of affiliate programs to choose from!
Which industries will generate the most money from affiliate marketing?
Of course, there are some industries that are more popular than others in the affiliate marketing world, such as fashion, telecom, media and finance, but most industries can benefit from affiliate marketing.
Depending on the industry you’re working in, you can choose different ways to use affiliate marketing. For instance, in the online trading industry you might become what's known as an Introducing Broker (IB), where you have personal contact with potential clients; for example, through organising your own trading seminars. Or you might refer prospects purely via online channels, such as a website that you own. Good forex affiliate programs such as this one offer both options. For other industries, like fashion and beauty, it is possible to register for affiliate marketing networks such as Amazon Associates.
How can you make money from affiliate marketing?
As mentioned previously, with affiliate marketing you generally earn a percentage of revenue, or “commission”, every time someone buys a product/service that you refer them to. However, some affiliate programs don’t necessarily operate on a commission-based model. Some affiliate programs pay their affiliates on a pay per lead, or pay per click basis, for example.
Sticking to what you know
If you’re interested in giving affiliate marketing a try, it’s best to use a product or a service that you’re familiar with. You can compare affiliate marketing with investing, as they work a little bit in the same way. It’s always best to invest in what you know, and understand that, depending on the relationship between risk and rewards, you must first find a product or service you like as an affiliate marketer, then find the best ways to promote it.
The idea behind working from home isn’t necessarily to find the most profitable home-based activity possible, but to find something that best fits your desired lifestyle. Affiliate Marketing, with its flexibility, wide range of possible products/services to promote, low barrier to entry, and high income ceiling, make it a great fit for those who take the time to learn its nuances.