First off lets define what Affiliate Marketing is for people who may be unsure about it.
Basically, Affiliate Marketing is the process of selling a product online and earning a commission when doing so.
There are four participants within the Affiliate Marketing business model: A merchant, an affiliate network, the affiliate, and the customer.
The affiliate generates income whenever they send a customer to the vendors site and that customer fulfills a particular requirement. The customer buys a product or service, fills out their information or clicks on particular links.
Okay now that you have that clear in your mind lets go over some of the many benefits of why Affiliate Marketing is one of the best ways to make money online.
The Barrier To Enter The Affiliate Marketing Business Arena Is Very Low
You could, if you chose to, not spend any money on promoting affiliate products. In fact the old way of doing it was to simply promote a vendors products or services using article marketing, free classified ads, a free blog platform such as Blogger or WordPress.
I say it was the old way because while Affiliate Marketing is one of the best ways to make money online, consumers have become very intelligent on the internet. They will usually research what they are looking for and studies have shown it takes seven times or more before a consumer decides to actually make a purchasing decision. The better way is to have your own website and the ability to exchange something of value to a potential consumer for their contact information such as name and email information.
This provides you, the affiliate, the opportunity to “pre-sell“ your prospect on the benefits of purchasing the product or service they are researching.
No Need For Your Own Product
This is the biggest reason why Affiliate Marketing is one of the best ways to make money online. Being an affiliate allows you to get into business and start immediately promoting a vendors product or service. There is no need for you to come up with an idea, research it, identify any demand etc. This has already been done for you by the vendor. In essence you promote other people`s product or service and get paid a hefty commission. Depending on what you`re promoting, commissions can range from 15% up to 75%.
No Dealing With Customer Calls Or Questions
Here is another reason why I believe Affiliate Marketing is one of the best ways to make money online. You do not handle the product or service, you just promote it. There is no dealing with customer complaints or refunds because this is the responsibility of the vendor. Your role in the affiliate marketing business model is to provide useful information to the ultimate end consumer and reap the rewards of the vendor making a transaction.
Ability To Be In Different Niche Markets Simultaneously
As you become better in Affiliate Marketing and start building your business to greater heights of success you can begin to get into other profitable niche markets. This will allow you capitalize on emerging trends and fads so you can maximize your profits. This benefit here, to me, is why Affiliate Marketing is one of the best ways to make money online.
The Ability To Work From Almost Anywhere
As long as you have a computer and an Internet connection, you`re good to go and you`re in business. You have a virtual business which you can do from home, on break at your job, the coffee shop etc…
Making Your Path To Success Easier
There are many different techniques and strategies you can use to succeed within the affiliate marketing arena. While Affiliate Marketing is one of the best ways to make money online it`s not as easy as all the get rich ads make it out to be. One of the main things you need to reap the many benefits of the Affiliate Marketing business model is a workable blue print to help you navigate your way through this business.
To excel in anything in life you need to know what you`re doing and become good at what you do.