The problem with affiliate marketing, like many other home business options, are the so-called gurus and get-rich-quick programs that suggest affiliate marketing can be done fast and with little effort. Odds are you've read claims of affiliate marketing programs that say you can make hundreds of thousands of dollars a month doing almost nothing ("Three clicks to rich!"). Or, they suggest you can set up your affiliate site, and then forget it, except to check your bank deposits.
Get specific. Just because a niche may seem very competitive, you can get more specific in any niche and discover gold minds. Let’s go back to the cat blog example. Instead of operating a “cat blog” you may instead have a “Bengal Cat” blog. This is more specific and would have less competition than a cat blog. Word to the wise, never go so specific that you have no one looking for that type of information. Find the right balance.
To add to what safety flooring put, Amazon affiliate window provides many inexperienced / cash poor entrepreneurs with the chance to get the ball rolling on ecommerce. If you have no money to invest in stock yet you want to develop SEO / website skills, this would be a good place to start. Using Amazon affiliate will enable you to look at things like targetting searches, attaining and converting traffic – the fundamental principles of ecommerce planning, creation & implementation.
The affiliate marketing industry is growing steadily. An independent survey commissioned by Rakuten Affiliate Network found that affiliate marketing is set to reach $6.8 billion by 2020. Ninety percent of advertisers included in the survey said that affiliate programs were important or very important to their overall marketing strategy, with the majority of publishers reporting that affiliate partnerships drove more than 20% of annual revenue.
(Also, did you notice Michelle said you don’t even need to HAVE a blog to be a successful affiliate marketer?! I thought that part was pretty interesting. Meaning affiliate marketing would be a great side income option for anyone who was willing to learn to do it and put the effort into a social media account – like Facebook, Twitter or Instagram.)
One of the popular weight loss programs you’ll find today is Weight Loss Evolved. It is a customizable program that can be tailored to complement whatever the lifestyle of the dieter is. It can be accessed online so that it’s easier for the weight loss coach to implement the diet program and monitor the results. It also runs a profitable affiliate program. The average sale is $397 and the commission rate is up to 30 percent. It also has a high conversion rate of 16 percent.
Wow cool, I’m glad I found this article on your site. I’ve been wanting to get into some affiliate programs, especially a bigger named one like amazon or such. So it sounds like you have a bit of a mixed revue on it. Overall, how does it compare to other affiliate programs available? Personally I’ve always used eBay to buy my stuff. Does eBay have an affiliate program? If it does how would it compare against Amazon’s then? Overall I guess it would depend on what your selling and such. But thanks for the post, I live in the US so hopefully the check fee wouldn’t be a problem.
Rebecca, it’s really up to you. The problem with NOT waiting is that some programs can kick you out if you aren’t making sales, so double-check the company you are an affiliate for. It’s probably better to focus your time on what is going to give you the best ROI. Newer bloggers try to do allthethings which sometimes backfires because you spread yourself too thin. Basically, there is not cut and dry answer regarding whether you should wait. It’s going to be dependent on individual factors related to YOUR blog. Good luck!!
Can you make money with affiliate marketing? The short answer is yes, affiliate programs can earn extra money and even a full-time income from home. The long answer is a little more complicated. Like any home income venture, success comes not so much from what you choose to do to make money, but whether or not you do what needs to be done correctly and consistently.