The PROS and CONS

of Affiliate Marketing

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written byLamar Schoell
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Discover How You Can Earn Money From Home Using This Easy Strategy For Success.

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Affiliate marketing has become an increasingly popular way to generate an online income, and it’s one of the easiest ways to earn money online.

While affiliate marketing has plenty of benefits, it’s important to weigh the advantages and disadvantages so you can make the best decision for your business.

Let’s take a look at some of the pros and cons of affiliate marketing!

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How much does it cost?

Costs vary greatly depending on whether you go with a paid platform, such as ShareASale, or set up your own. In both cases, a few hundred dollars for setup is generally considered reasonable.

However, ongoing costs for both involve maintaining your account (keeping it active, which means posting regularly) as well as paying commission fees every time someone you refer makes a purchase.

For paid platforms, these fees range from 20 to 40 percent depending on what you’re selling and whether or not it’s an online store or something physical that gets shipped via FedEx.

After all, is said and done, you could be looking at a per-click cost anywhere from 25 cents to $5.

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What do I need to start?

First, you’ll need to set up an affiliate account with a program provider like Amazon or Rakuten.

Next, you’ll be able to choose products that are relevant to your content so that visitors can purchase them directly from your site.

If you’re using Amazon Associates, you also have to make sure that your website is designed in such a way as to meet their guidelines.

Once everything is set up, all you need to do is write posts about things people would want to buy through affiliate links on Amazon or whatever other store or services are available through your affiliate program!

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Is it easy?

One of my favorite things about affiliate marketing is how easy it is to get started.

You don’t need a fancy website or a product before you can earn commissions—there are literally thousands of different vendors who will give you products in exchange for referrals.

As an affiliate, you won’t be carrying any inventory or setting up an online store: all you have to do is post links on your site(s) and watch as sales pour in. Plus, if you want to start making money from home, there are several companies that provide training for new affiliates.

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Are there cons?

One con I can think of is that you don’t get to establish any sort of relationship with your customers. When you’re selling someone else’s product, there’s no chance for you to connect with them on a deeper level like you would if it was your own creation.

I personally feel that a lack of relationship with customers will lead to a lack of trust over time as they realize just how little they know about who they are buying from. This could cause them to be wary every time they need to buy something in fear that something similar might happen again.

Of course, affiliate marketing isn’t right for everyone but just keep in mind that depending on what type of relationship you want to have with your customer or clientele, there are ways to make it work.

Also, my one word of advice: test!

See what works best for you and run with it! It doesn't matter if it's an established company or a side project; find out which platform gives you more personal satisfaction by seeing what gives off more positive outcomes.

There are many variables involved so play around with some things and see what fits you best. Just remember that these cons don't only apply to affiliate marketing; they apply to most other forms of business as well (unless you're working directly with people).

However, if done properly, affiliate marketing can help small businesses succeed in various niches without having to worry about overhead costs because affiliates usually handle their own overhead costs (advertising) while gaining a greater percentage per sale than paying advertising fees typically cost.

Hopefully, now that we've explored some pros and cons of affiliate marketing, it'll give us both insight into whether we'd like to pursue affiliate marketing more seriously or not.

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What skills are required?

You need to be good at marketing, copywriting, and social media.

This is a great industry for entrepreneurs who are just starting out because you don’t need to have any special skills or connections.

All you need is internet access, a website (there are many free options), and an ability to write creatively. If you can handle that, affiliate marketing could be right for you!

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Discover How You Can Earn Money From Home Using This Easy Strategy For Success.

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How much work is involved?

There’s not much work involved with affiliate marketing.

You simply choose a company, niche, or product you want to promote and write a review on it.

You also need to create an account for their affiliate program and make your first sale. It does take some time to build up if you are just starting out with affiliate marketing but once you have got things going, it can become pretty passive. For more information please read: how much work is involved in affiliate marketing?

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How long can it last?

While it’s true that affiliate marketing can be a great source of passive income, it’s important to understand that success doesn’t come without hard work.

Things like niche selection, tracking your progress, and maintaining a list of high-value offers will keep you up at night.

In order to be successful, you need to commit as much time as you would for any other business venture. If you don’t believe me, just ask my friends how many hours I spend each day on Skimlinks! ;)

So is it worth it?

Yes!

But only if you are willing to put in the necessary amount of sweat equity.

It’s not uncommon for people who begin making money through affiliate marketing to quit their jobs after a few years because they have built up such a large cash reserve.

That said, if you do want to get involved in affiliate marketing, there are lots of ways both online and offline that can help you boost your odds of success (website building resources).

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Here is how you can start today.

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This is the idea behind affiliate marketing...

Affiliate Marketing is a way to make money from something you enjoy through promoting other people's products and earning a cut of each sale they make. The promotions happen through links sent out over social media, text messages, and emails.

Promote the products that people already want and need.

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Discover How You Can Earn Money From Home Using This Easy Strategy For Success.