A couple weeks back, we put together The Best Work From Home Business Ideas, in it, was a business model that has allowed me to work solely from home for the past few years.
This business is known as affiliate marketing.
If someone were to tell me that one day I’d be making a living from home, using only my laptop, I wouldn’t have believed them.
Yet, affiliate marketing has done that for me and I’ve met several others (online and in person) who can say the same.
To answer the question, is affiliate marketing a good way to make money online?
The answer is yes.
Will it take some work and time to get to a place where you are earning a regular income from your affiliate business/websites?
If you’re not afraid to learn new things and a bit of work, I’m going to show you where and how to get started and I would love to personally help you each step of the way.
The end result, earning a side income or full-time income from home, will be worth your efforts.
What Is Affiliate Marketing?
For those unfamiliar with affiliate marketing, it’s a way for websites to make money.
Website owners can become an affiliate for various companies at no cost.
Once an affiliate, you are free to promote the products and services belonging to that company.
These products and services can be promoted on a website you own, on social media, through email to friends, among other ways.
Though, the most reliable way is through your own website.
As an affiliate, the goal isn’t to “sell!, sell!, sell!” in order to make money.
But rather, inform people about certain products and help them in making a better buying decision.
And the best part, you can create a website around something you personally love and enjoy.
To learn more about affiliate marketing, check out our Top Affiliate Marketing Guide where we show examples of live profitable affiliate websites.
Is Affiliate Marketing A Good Way To Make Money Online
The best things about this business model is that getting started is significantly cheap, compared to other business models.
Likewise, it is very beginner friendly.
This shouldn’t be mistaken for a quick and easy way to make money online as there will be work, but it’s a great way for beginners to learn how to earn online.
What makes it so great?
- Doesn’t require beginners to figure out how to create, test, and market their own products
- Gain an understanding of how online marketing works
- You can recommend products/services that people are already enjoying (it can be something you use yourself!)
- A chance to connect directly with an audience
- Great overall feel for how online works
How Much Can I Make?
How much can you make from affiliate marketing?
This has to be something you’re curious about yet it is difficult to pinpoint and give a definite answer for as there are many factors.
What products are you promoting?
What are the commission percentages per sale?
What’s traffic like? Sales conversions? Etc?
There are people who make a great living from it and there are people who happily make a few hundred dollars on the side each month.
How much you can earn depends on how much the product or service costs, how much of a percentage you are getting for each individual sell (commission rate), and how many sales you are making.
Rather than crunching some numbers here, I like to give people a realistic time frame for earning potential.
0 – 12 Months – $0-$500 per month
1 Year – $500-$10,000 per month
2 Years – $500-$20,000 per month
5 Years – $1,000-$50,000 per month
(The earning potential shared above are based on my own personal observations and results vary from person to person. Some may earn sooner while some earn less or nothing at all).
The first few months to your first year are considered the “building” and “learning” stages. If this is your first go at affiliate marketing, I can’t stress the importance of finding and following quality training to help ensure you are taking the appropriate steps to succeed.
Once you learn the skills and know what it takes to create a successful affiliate website, you can create more sites if you choose to, promoting different products and service.
But truly, all you need is one website to succeed and create yourself a nice income from home.
We share more on what it takes to succeed in this business in our Can You Make Money as an Affiliate post.
How to get started
When it comes to getting all the tools, education, and support you need to succeed in this business, all in one place, we strongly recommend Wealthy Affiliate.
In fact, it’s where I got started with this business three years ago and still rely on their service and updated training to this day.
If you decide to join through this site, you will get my personal help along the way should you need any extra guidance or have any questions regarding the training or WA platform.
I’ve helped many and would love to work with you too!
As mentioned, affiliate marketing is a way for websites to make money and there are other options. If affiliate marketing doesn’t sound ideal to you, check out these other 17 Good Ways To Make Money Online.
Interested in learning more about affiliate marketing, check out our full guide where we break down everything you need to know from how to earn money, more examples on how it works, and actual affiliate sites earning money today.