The pros and cons in affiliate marketing have been well documented by those who have been quite successful at mastering this skill.
Making money from affiliate marketing is something that is not as difficult as people think.
Also, affiliate programs can earn you excellent money.
Tens of thousands of people have quit their jobs and are earning a full-time income from home.
However, the process of actually seeing some of your first commissions does not have a simple “how-to guide.”
There is no “quick start guide” or “fast money guide” with affiliate marketing.
Likewise, ill-informed people may lead you to believe that with a couple of clicks, you’re making money.
Affiliate marketing does’nt work that way.
Success with affiliate marketing often comes with consistency.
Therefore, by using a successful system and following the training provided, you can begin to see regular earnings.
It’s important for you to understand the pros and cons in affiliate marketing so you can make an informed decision.
The biggest concern is which platform to use that will give you the best training and results.
The system I use and is in use by thousands of other successful affiliate marketers is Wealthy Affiliate.
The Pros and Cons In Affiliate Marketing: Facing Realities
Understanding the pros and cons in affiliate marketing can mean the difference between success and failure.
Affiliate marketing isn’t a system where you can start making money from home quickly or easily in the beginning.
However, many online scam artists or misinformed newbies will have you believe the “fast money” lie.
There are many so-called “online gurus” that
Moreover, affiliate marketing does not happen the way many portray it on the internet.
The idea of creating an affiliate site and watching it print money “quickly” or “easily” is just not a reality.
It just isn’t true.
The fact is a
A large number of affiliate marketers have been extremely successful at affiliate marketing
Their businesses make six and seven figure incomes consistently, month after month.
There are many other affiliate marketers that are able to earn a reasonable four and five figure income.
Similarly, there are a lot of affiliate marketers that have made very little over time.
A large number try and never make anything, got discouraged and quit.
Consequently, the problem with most people who try to make money online and fail at it comes down to these three factors:
- They fail to treat online marketing as a REAL business
- They underestimate the amount of time required to start generating revenue
- The platform they’re using is not teaching the proper way to build an online business
Advantages and Disadvantages of Affiliate Marketing
Making five, six and seven figures in a
However, it ultimately comes down to whether or not you can make affiliate marketing work for you.
Ask yourself: Am I willing to do the hard work that’s required to make my online business work?
The system that I use, and hundreds of others use to create a consistent online income, is Wealthy Affiliate.
Likewise, over the past 12 years, the Wealthy Affiliate platform has helped thousands to become successful affiliate marketers.
Many have been successful to the point where their affiliate earnings replaced their 9 to 5 job income.
In addition, as we dig a little deeper, here are some pros and cons in affiliate marketing as a business:
The Pros of Affiliate Marketing
- Affiliate marketing has always been a proven home business option.
- Low cost to get started. Many affiliate programs are free to join. This means you can create a business for almost no cost.
- You can work from home to add an income stream and do away with your commute.
- There are many streams of income in affiliate marketing.
- You can make a six or seven figure income blogging.
- Offering information e-books is a HUGE income generator in affiliate marketing.
- You can make BIG money in affiliate marketing and helping people create websites/content.
- Some affiliate marketing strategies include passive income where your viral content will help you with consistent earnings.
- You can work anywhere and at any time as long as you have access to the Internet.
- There is no need to stock or ship products or handle inventory.
- All transactions are digital.
- You will NEVER need a physical location, as in a brick and mortar business.
- You own all aspects of your online business built through a platform like Wealthy Affiliate.
The Cons of Affiliate Marketing
- It can be challenging to put yourself in a routine of working from home. You need set hours, especially
inthe beginning of your business.
- It often takes weeks or even months to generate the traffic that you need to start earning an income.
- Choosing the wrong affiliate can ruin your credibility as a business and potentially put you at a deficit.
- Competition is high and affiliate hijacking is common.
- Dishonest scammers could try to steal your blog content.
- Zero control over the brands that you promote.
- Promoting a business or product that falls strongly in public opinion due to a controversy.
- There is risk and reward that comes with taking on any new affiliate.
- New affiliate networks may give you great commissions but take a long time to pay.
- More established affiliates have higher competition.
- Tracking analytics can be a struggle if you don’t own the sales page.
You MUST Have The Right Tools To Be Successful In Affiliate Marketing
Affiliate marketing is a very attractive business opportunity because it requires very little money to
Similarly, you don’t have to worry about product inventory or extensive customer service and you get paid from established affiliates by helping them make sales.
The overall concept of affiliate marketing isn’t hard; it’s been around for decades.
However, you need to have the right tools in place and work hard to establish yourself as an online presence.
Also, It requires proper planning and an ongoing effort in creating new content for your websites or blogs.
Unlike other services, Wealthy Affiliate does not promise that you’ll make millions, and they don’t promise overnight results.
Instead, they offer real guidance and help you build your own affiliate marketing websites from scratch.
Here are some additional resources for you to consider:
- My Honest Wealthy Affiliate Review – How Average People Are Making Money Online
- Why Goal Setting Is Important To Success
Practical Suggestions For Affiliate Marketing Success
Below are some suggestions that successful online marketers have found that REALLY WORK.
These suggestions are taught and elaborated on in detail in the training modules of Wealthy Affiliate:
Read as much as you can. Learning about affiliate marketing and how other affiliate marketers have had success.
Choose products you really like. Choose quality affiliate products and services you feel good about.
If you can promote products you love already, you’ll have an inside edge on your competition in marketing.
Also, know your affiliate program. Research any program you are
Understand the payment methods, payment dates and the ways you can earn through that affiliate program.
Failing to read a contract could have you getting paid on a six-month basis or only when you meet a certain payment threshold.
Start blogging early on: if you can start an informational blog and begin directing traffic early on, this can work as a platform for you promote affiliate products.
Focus on your niche. If you’re already promoting a few products, consider branching off in the same niche.
For example, if you’re already promoting kids toys, you could consider dropping in a few affiliate posts for video games as part of your content.
Track the analytics you can track. Using analytics monitoring will help you track the success of your affiliate programs.
If you are running several affiliate programs, you need to work at tracking your conversion rates, traffic and more.
You CAN Be Successful With Wealthy Affiliate
Starting an affiliate marketing business means you must learn
Likewise, you must be prepaired to continuously learn, build and grow.
Just remember, the process of affiliate marketing is not a quick or easy way to make money.
Similarly, it requires hard work and perseverance not just at the beginning, but over a 12 to 24 month period.
It can take 12 to 24 months, sometimes longer to replace your income through affiliate marketing.
I find that Wealthy Affiliate is an outstanding platform and meets all the needs stated in this article.
Also, you can sign up for their 7-day FREE trial, no credit card required.
The 7-Day FREE Trial will allow you to test out the platform before you make a commitment.
What will signing up for the 7-day free trial will allow you to do?
You can try out Wealthy Affiliate to see for yourself how it can benefit YOU and your business.
The overall chances for making money through affiliate marketing are pretty favorable when compared to other home based businesses.
In conclusion, the success that you have depends on your ability to FOCUS on your goals and get the necessary work done.
If you follow these suggestions, they will allow you to make a life-changing income!