No matter whether it’s been positive or negative, it probably hasn’t gone down the path you were expecting.
2020 made many people realize that an alternative income stream may be the best way to secure themselves financially. If you’re one of the large amounts of people who have found this past year mentally and financially draining, you’re probably searching for a quick and painless solution to your monetary worries. So, can affiliate marketing make you rich in 2021?
Affiliate marketers are rewarded for sending new clients and customers to other business owners. These products and services are often through tracked through cookies or other methods that help identify click property. These affiliate links are then promoted by the affiliates in blog posts, emails, or social media.
This affiliation can take multiple forms. You can partner with a brand propelling a specific service and get a percentage of the income produced by your referrals.
Or, if you work with large networks like Amazon, you will get a percentage of any purchase a visitor makes through your affiliate links. You will get paid even if they don’t purchase the product you were initially recommending.
I guess we can call affiliate marketing is a method of self-employment. The low initial investment and the fact that it doesn’t require you to manufacture, stock, or ship product inventory — makes affiliate marketing the ultimate choice for making money.
So, can you make millions through affiliate marketing? The answer is also simple. People have done it and people continue to do it, so it must be possible to become a millionaire through affiliate marketing. The real question, however, is whether it is an easy process or not. The answer is, as you might have guessed, no.
Put bluntly, if you want to make big money through affiliate marketing (e.g. $500,000 per year like Super Affiliate author Rosalind Gardner), you will have to work hard. Hard work alone won’t cut it though. You need to either be educated in SEO and web design or you need to be smart enough, and simultaneously humble enough, to learn from mistakes and make the most of them.
Affiliate marketing is a business model that is drawing in more and more people when starting an online business.
The reason is that it’s a very low barrier to entry and you can make your first affiliate sale relatively quickly.
The main thing you need to remember is that in order to earn a substantial income with affiliate marketing you need to be willing to put in the effort over the long-haul while focusing on a small number of affiliate programs to likely find success.
So, are you starting your online business and pursuing affiliate marketing starting today? Have you made your first affiliate sale yet?
