You’re sitting at home wondering, how can I excel in my life. I know I need to start a business, but I don’t know which one. There are so many factors like passion, money, overhead costs, etc. So how can I be sure that I choose the best home based business?
Well the answer is not as clear as I wish I could make it for you, but I am going to give you my recommendation. The reason I say unclear is because I don’t know if you’re different from me. I’ll tell you what I’m like:
- I want a business I can work from home.
- Spend more time with my family.
- Do something I can do at my own pace and time.
- Do something that is not going to cost me a lot of money
- Something that has the potential to be HUGE! Money wise and help A LOT of people.
If this is you then I can confidently say, affiliate marketing is for you!
7 Reasons Why Affiliate Marketing is The Best Home Based Business
1) Low Start Up Costs
You can actually start an online business for $0. There’s a website called Wealthy Affiliate which has a free starter membership and it will teach you about affiliate marketing. Affiliate marketing is so cool! What you’re doing is making commissions while assisting other companies to generate sells. It’s as easy as 1,2,3 once you get the hang of it, and WA will teach you everything you need to know about the trade.
So it costs $0 to get started. Now it may take a while to make money, but you have got to understand early that Rome was not built in a day. Too many times I’ve quit something because I did not have the immediate gratification. Are you this way? Take it from me, save yourself time and learn that a business is like a TREE. It starts with a seed, then you have to water it and nourish it. One day, with the proper care, it will grow into a strong tree and produce lots of fruit!
I started my business, this website, a little over a year ago. I started it for FREE. I paid nothing for the first few weeks, and then, even now, I pay less than a cup of coffee a day to maintain my business.
It took me a few months to make my first $1. Now I can proudly say I make enough money to supplement my income and I am in much better shape than what I once was. Though I can look over my accomplishments now, I put in A LOT of hard work to get where I am. Long hours, though properly proportioned, I was dedicated and committed to my success.
2) Work at Your Own Pace
One of the biggest hurdles I face while starting a business while working a full time job was, I thought that I would struggle to find time to do it. Luckily, I found the training I was doing to build my online business to accommodate my schedule because I could pick it up when ever I had free time. I would even work on my website during down time at work! That was pretty cool, as I would have to exit out of my screen when I heard my boss coming, lol.
Yeah it was great, when I’d come home from work and get settled, I could jump right on my tablet or laptop and dive into the training. The training at WA was great because it was a kind of a build as you go type of thing. As I go through the training, my website/business was being built. Hope that’s not hard to understand.
There were even times when there was a long video to watch, like 20-30 minutes, and I could just lay out on my couch! Ahh, I remember those days. Now as a professional, I’m kind of just implementing everything I learned into ACTION, but I do get to continue my training and education often. Geesh, at WA, it’s constant new training coming out! I guess you could imagine, the world of internet business is constantly updating. It’s like this with many businesses.
3) Low Overhead
I’ve worked at many businesses in my life and I have a good understanding how these businesses run. You’ve got to pay for lights, location, employees, advertising (worth mentioning twice), advertising, and much more. Supplies, inventory, storage, I could keep going. If you’re anything like me, I’ve thought of many business ideas, but they all require $1,000s if not $10,000s to get started. You could imagine the relief I felt when I realized I found that I could start a business for $0. I know you’ll be too!
So how much does it cost to run an online business? I’ll try to keep it simple because you can get real fancy with this. To each his own, but me, I’m a frugal type of person. This is how much I spend on my business:
I need these two business expenses because the one at WA is for training which I mentioned there is constant training. Also, I have my websites there and the hosting is included. Not to mention, their affiliate program is the main source of income for this website, and I’m currently building another helpful website for people who want to build their credit. Not to toot my own horn, but I’m little bit of an expert in that area, lol.
There are a couple of other expenses worth mentioning. I don’t know what your situation is at home but you will need an internet connection and a laptop. I’ve tried building out my website on my phone or tablet, and it’s a pain in the ass, so definitely need a laptop to be successful in this business. You may have internet in your house already, or you can also use a wifi somewhere. I need internet in my house because I like to save money by killing the cable and just watch netflix with my Roku.
4) Travel Anywhere!
One of my struggle with full time employment is getting away. I hate that I need to work my life around my work schedule. Especially when I want to visit family or friends. How much vacation time do I have at work? Will I get approved to take my vacation? Sound familiar? I bet. I work for the day when I can take a vacation whenever I want, but here’s the kicker. I DON’T NEED TO TAKE OFF TO DO SO.
I can simply pack up my laptop, get connected while I’m traveling ANYWHERE, and work on my business. Then go and visit my family and enjoy my leisure time however I see fit. I can really enjoy that, couldn’t you? Basically, you can work on your business anywhere that they have an internet connection at! Sometimes I like to take a break from the home office and head over to the coffee shop.
Could you imagine, working from home, and just saying to the wife, “hey babe, I feel like stretching my legs, I’m going to head over to Starbucks and finish some work there.” It’s like music to the ear, trust me, I’ve done it. These are the benefits that you can get while using affiliate marketing to fuel your business.
5) Hefty Commission!
Affiliate marketing is pretty interesting when it comes to this. You can go from making pennies on the dollar, and making millions in sales yearly, with an internet business. Then you can go up to $1,000s per sale in commission with sales from a high ticket item. I did a review on a business called Digital Altitude for which you can see what I’m talking about. Another example is like the one for a product called, The Amazing Selling Machine, a sale from this product can get you a hefty $1,750 in commission per sale.
I can go really in depth with this information but I’ll spare you the longer read. In a nutshell the way it works is, with the smaller commissions, such as a website that you promote products from Amazon. You can drive 100s thousands of visitors a month to your website, which will make a ton of sales, so that way you can turn that into a BIG payday.
There are countless of affiliate programs that you can join on the net, and the great part about them is they’re usually free! The possibilities are endless. I wrote a blog about the affiliate program at Wealthy Affiliate which might be worth a read for you. I’ve seen affiliate programs go up to 75% commission per sale. As you could imagine, this can get real lucrative.
6) The Internet is SO Big!
Currently there are over 3.5 billion people online TODAY! There is over a TRILLION DOLLARS a year being spent on Amazon.com, America’s largest online marketplace. There is some worthwhile growth for affiliate marketing in the upcoming years as well. I did some research a while back and learned that more than 70% of businesses online offer an affiliate program. If you missed this before, a company with an affiliate program pays you commission for you to help them generate sales. You get a special id with every link that you promote so that you can be sure to get paid for the sale.
Most of these businesses have stated that affiliate programs account for around 20% of their company’s revenue. You could imagine how important affiliate marketing is, and where you can play a role here. Companies need people like you and me to help them make sales. I read an awesome line on a fellow internet marketing website tonight (while surfing the web) that read, “Affiliate Marketers make businesses millions of dollars a year, and these businesses make Affiliate Marketers millionaires!”
Oh my gosh, if I can tell you how simple this is to run an affiliate marketing business. It’s so simple! I just wrote this page here with such passion, that I enjoyed writing every word. You see, I have a message to convey, and I do so by blogging. If you could not tell already, my niche here is ‘Making Money’. I have a passion for making money, and I want to teach others how to do the same. It’s that simple!
You can build an internet business by using the following four steps:
- Choose an Interest
- Build a Website
- Drive Traffic
- Generate Revenue
As I mentioned to you earlier, Wealthy Affiliate is where I found the best training on the internet to help you do just this. If you really want to learn the business, this is my #1 recommendation. I’ve reviewed over 50 making money opportunities, and I haven’t found one that has topped this one. Don’t get it twisted, I approach every single one with the utmost interest. I believe in giving every opportunity a look because you never know what you’ll find. Plus the saying goes, don’t put all of your eggs in one basket.
Like the four steps that I stated above, I can go a little more in depth. By Choosing an Interest, I mean picking something that you’re passionate about. It can be anything! Fishing, sports, knitting, family, vacations, credit cards, health, fitness, and the list can go on forever. You pick something and then you build a website around it. Sort of like this one here. My website is about finding a home based business.
Then with the right training you can learn how to drive traffic. There are couple of ways to do this organic or free traffic, and then there’s paid traffic or PPC (pay per click). With all the traffic that comes to your website, many of them will convert into sales. The main idea is that you help people solve a problem, and you conduct business ethically. If you do this you will be successful in affiliate marketing!
I hope I lead you to the end of the rainbow here because I do consider this opportunity to be a pot of gold. I’m so excited for you to learn about this business and I hope that you take it by the horns! If you need any help along the way, you can contact me a few ways. You can sign up for my newsletter, find me on facebook, or email me at firstname.lastname@example.org. I look forward to hearing from you.
Wish you all the success in the world,