This article explains why Affiliate Marketing is a great online business model for Digital Nomads. I also discuss why you should consider affiliate marketing if you can’t afford to start a Drop Shipping business or learn a marketable skill.
Affiliate Marketing Pros and Cons
PROs:
+ Easy to get started
+ Low Upfront Costs (Learn how you can start for FREE)
+ Simple to learn with proper training
CONs:
– Can be slow to make your first sales
– It can be a lot of work
Affiliate Marketing Is A Great Online Business Model
Affiliate marketing allows people to make money by offering their opinions on things they are passionate about. You are already an affiliate marketer; you share your thoughts and ideas with people every day. That is what affiliate marketing is at its core, making money by offering a unique insight on topics and products while being paid to do so. If you have written a review of a product or service, you helped that business make money in many different ways. Your review helped that business to find more customers just like you.
Ways To Make Money With Affiliate Marketing
You have many different options to promote the affiliate programs you signed up for when it comes to affiliate marketing. Making your first commission can be slow or fast, depending on how you approach it. To help you understand the vast possibilities that Affiliate Marketing offers, I broke down the more common ways Digital Nomads make money with Affiliate marketing provide a breakdown.
Content marketing is often the slowest because it is at the mercy of search engines, but it is cost-effective because you don’t have to pay for traffic. It can take time to get your content indexed by strategies you can use to ensure your content remains competitive *link to Jaxxy article I wrote* Excellent because you don’t need money to run your promotions. You can focus your PPC campaigns on other offers or expand this offer.
Content Marketing Dos and Donts: Do write niche-related blogs on topics you are interested in and can talk about with confidence. Don’t choose a niche just because it has high-ticket affiliate offers. For example, you can make a lot of money promoting investment-related products, but many tend to be low quality or outright scams. When it comes to financial-related promotions, you can find yourself in hot water if you make income claims and promote financial products without a license. The same goes for health-related products. While a large and profitable industry, you need to be aware of the laws surrounding the promotion of health-related products.
Pay Per Click (PPC): Fast and reliable way to make money with AM, but it can be expensive, and you’re constantly competing with other people and companies who might be able to outspend you. You may also be limited to where you can run your PPC campaigns. Affiliate programs will often have conditions as to where you can and can’t promote their product, so always be aware of this before running any PPC campaign. If you breach their contract, you will be banned from their affiliate program, and you likely won’t be paid based on the conditions outlined in your contract.
PPC Do’s and Donts: Do Consider promoting offers with PPC campaigns if the request is worth the risk. However, don’t promote offers using PPC without ensuring that you can do so. ALWAYS check the terms and conditions of the company’s affiliate program. Many of them will state what you can and can’t do in terms of promotion strategies, so always make sure your campaigns align with their policies before launching each campaign. Pro Tip: Reread affiliate policies before launching a new campaign. Policies are always subject to change, and staying updated is essential to maintaining a good relationship with the company you promote and a reliable cash flow!
Word of Mouth – It still works despite the immense utility social media provides these days. Talking to people is a great way to promote your various offers. Word of Mouth can take many forms outside of talking to people you run into during the day. For example, you can carry business cards with a QR code leading to a relevant offer.
Here’s a method I’ve used to promote products when I’m out and about (ONLY when it makes sense). You can always partner with a local company to have your business cards on their front desk. For example, if you have a product that compliments massage, get a massage and establish a good relationship with the owner. Over time you could ask them if there is a possibility of having your card displayed in their office. It would help if you did this by offering them an incentive, perhaps a cut of the profits etc. Always try to provide something that makes it worthwhile for them. Such as promoting their business on your website. There are many ways to develop synergistic relationships, and it always starts with offering value; when you provide value, you receive value in return.
Bandit Signs: Bandit signs are when you place your service or product information in places with good visibility (think aerial advertising) or lots of foot traffic. This is an old marketing method, but it still works, and it is often overlooked. Signs can also be adapted in a variety of ways using QR codes. However, ALWAYS check with your local laws because you may pay more in fines than you make using this method irresponsibly! ALWAYS follow the law and ask the company you promote for permission first if it isn’t mentioned in their affiliate policy.
Word of Mouth Do’s and Donts: Do consider adding a word of mouth strategy into your daily routine but only when it makes sense. Don’t be awkward; if an opportunity presents itself, have a business card handy. Otherwise, you may find yourself an unwelcome guest. MLM promoters are notorious for this, and there is a reason why they are often referred to as “Hunbots.”
How To Learn Affiliate Marketing
There are a lot of poor courses out there, so I created a FREE 5-step program to help you get started making money with Affiliate Marketing. There are many ways to learn Affiliate Marketing, but I suggest that you choose a course with a proven track record. My number one recommended course has everything you need to start, including Webhosting, research tools and a vast supportive community.
Conclusion
If you’re looking for a way to make money from home, I highly suggest Affiliate Marketing if you don’t have a lot to invest in an online retail store or marketable skill. Affiliate Marketing has a lower barrier of entry than the three online business models I recommend and is far less intensive to learn when it comes to earning a living online. With the proper training and support. You can make as much money with Affiliate Marketing as owning an online retail store, minus issues that cause most new store owners to quit, such as customer service and logistics.
